adrianc
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Post by adrianc on Feb 24, 2016 10:48:23 GMT
Perhaps SS are tightening up on an increasing number of negative balances because too many investors are taking too long to deal with them, i.e. "taking the proverbial". Having this "pay later" facility is a privilege, not a right. I wonder how long it will last. TBF, I can see exactly why that email's been sent - I had an overnight balance owing, a payment has been received, but I still have a balance owing. The fact that the balance is due to this morning's sales should be recognised by savingstream, but clearly isn't. Just a tidge more logic in the auto-nag, perhaps?
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Investboy
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Trying to recover from P2P revolution
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Post by Investboy on Feb 24, 2016 10:48:49 GMT
Perhaps SS are tightening up on an increasing number of negative balances because too many investors are taking too long to deal with them, i.e. "taking the proverbial". Having this "pay later" facility is a privilege, not a right. I wonder how long it will last. I hope it will last as long as SS does or as long as it is legal (I remember reading somewhere here that it may not be according to FCA rules). Anyway this is great feature, USP of SS, I like it a lot and it helps me/us stay 100% invested all the time with no idle funds.
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Steerpike
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Post by Steerpike on Feb 24, 2016 10:56:54 GMT
Perhaps SS are tightening up on an increasing number of negative balances because too many investors are taking too long to deal with them, i.e. "taking the proverbial". Having this "pay later" facility is a privilege, not a right. I wonder how long it will last. I hope it will last as long as SS does or as long as it is legal (I remember reading somewhere here that it may not be according to FCA rules). Anyway this is great feature, USP of SS, I like it a lot and it helps me/us stay 100% invested all the time with no idle funds. Surely the AC QAA effectively does the same job, but better. I can't think of anywhere that I could hold "idle funds" ready for investment within 48 hours or less and earn more than the QAA 3.75%.
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ablender
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Post by ablender on Feb 24, 2016 17:41:06 GMT
Someone seems to have really overfunded their pipeline.
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Post by GSV3MIaC on Feb 24, 2016 18:01:27 GMT
No, that's SS releasing a further drawdown of those two loans as the developer wants the cash (as discussed on other threads). Those parts didn't even exist yesterday.
Also as said elsewhere it'd have been nice if there had been 48 hours notice of that, like there would be for a similar size new loan release.
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ablender
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Post by ablender on Feb 24, 2016 18:17:06 GMT
OK got it.
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mikes1531
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Post by mikes1531 on Feb 24, 2016 18:23:19 GMT
No, that's SS releasing a further drawdown of those two loans as the developer wants the cash (as discussed on other threads). Those parts didn't even exist yesterday. Also as said elsewhere it'd have been nice if there had been 48 hours notice of that, like there would be for a similar size new loan release. Inasmuch as these large releases were snapped up in a few huge bites by BHs, I can't help wondering whether SS might have given notice to some of them. Somehow it seems rather unlikely that BHs would be sitting poised at their PCs 24/7 waiting for lightning to strike, i.e. a large part of a loan they're interested in to be put up for sale. That strikes me as a waste of time for people who no doubt have better things to do. Come to think of it, why am I sitting poised at my PC most of my waking hours waiting for ... ?? 
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jonah
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Post by jonah on Feb 24, 2016 21:00:10 GMT
We have a new record... Yesterday - pre-fund plus loan purchases. Deposit sent to match. 9.00 - bought loan part. 9.18 - confirmation of yesterday's deposit. 9.43 - bananectomy email. Thank you for this. I'd done my transfer at 9.24 this morning to clear yesterday's buys and was slightly concerned by the 'send us money' email at 9.43. That said, my account on SS is still in negative now... I hope that the reconciliation picks it up tomorrow am!
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