n
Member of DD Central
Yet another Nick
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Post by n on Jun 28, 2016 9:50:23 GMT
Yes n , this is something that we will need to add as soon as we can. For some feedback, what limit and for what period? Many thanks, Gordon For myself, I have reached my current platform limit until there is a bit more of a track record so am placing only £1 bids funded by sales on the sm. Before I reached my limit I was bidding £20 on every loan, regardless of size. If the rate at which new loans are made available stays at the current level, as a small time punter I would be happy with anything over £10 per loan. At 20 loans per week that is £200 per week or £800 per month, or around £5000 in 6 months which would be the plateau assuming all loans pay back after 6 months. Although with the present FFF method, for my interest to be maintained I would want to be getting an email each evening with a schedule of the next day's go-live times. I hesitate to suggest that there should be a fixed time each day as this has been much discussed at the MT threads.
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Post by Duane Dibley on Jun 28, 2016 9:50:29 GMT
I logged on as soon as I got the email but all gone. Are all emails sent at the same time? It doesn't matter who is sent the emails Littleoldlady, or how quick you log in, the loans are already fully funded before you receive the emails. I know this because by coincidence I just happened to be logged in this morning when the email arrived and the loans had already been filled for a while. Why Collateral send notification after the loans have gone live rather than before I've no idea, but to me they should either give sufficient notice that the loans are going live at a particular time or else introduce funding restrictions, because the present situation is not only pointless but highly frustrating and will only get worse as demand increases.
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jonno
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nil satis nisi optimum
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Post by jonno on Jun 28, 2016 9:59:10 GMT
I logged on as soon as I got the email but all gone. Are all emails sent at the same time? It doesn't matter who is sent the emails Littleoldlady, or how quick you log in, the loans are already fully funded before you receive the emails. I know this because by coincidence I just happened to be logged in this morning when the email arrived and the loans had already been filled for a while. Why Collateral send notification after the loans have gone live rather than before I've no idea, but to me they should either give sufficient notice that the loans are going live at a particular time or else introduce funding restrictions, because the present situation is not only pointless but highly frustrating and will only get worse as demand increases. Agreed. But as per the above discussion, the implementation of limits should help in the interim until the email system is sorted.
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littleoldlady
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Running down all platforms due to age
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Post by littleoldlady on Jun 28, 2016 10:45:15 GMT
Limits for 24 hours as per MT seems the best, with minimum coding. Or prefunding with anti-gaming measures which is more complicated.
In the mean time stop sending emails which are just irritating when there is nothing left.
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jhma
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Post by jhma on Jun 28, 2016 11:07:16 GMT
1% for 24hrs works on MT, but I guess you are better place to see how many investors are actively trying to get bits of each loan and can adjust accordingly. I think 1% on loans of this value may be too low. Why not try, say, 10% or maybe 5% to start with. As huxs said, you're in the best position to judge supply/demand and at the end of the day it can be adjusted accordingly.
I agree with jonno's suggestion of 10% or 5% to start.
Key thing is to sort something out quickly. As an early (modest) supporter of this platform I am already in the position of thinking that there is little point in continuing to chase current smaller loans, which in my experience have regularly been released and fully filled several minutes before I receive the 'go live' email.
Good luck!
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jonno
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nil satis nisi optimum
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Post by jonno on Jun 29, 2016 8:11:16 GMT
Gordon, I notice you are launching new loans today. Have limits been introduced or will we have the same fiasco as yesterday?
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Post by Collateral Rep on Jun 29, 2016 8:28:02 GMT
Morning jonno, We have this at the very top of the list after yesterday and will be added ASAP but unfortunately it will be the same today. The developers are working on it and I'll update here as soon as we have completed and tested. Many thanks, Gordon
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fp
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Post by fp on Jun 29, 2016 12:27:46 GMT
Looking at the regular amounts bid, I feel anything less than £100 would drive away some of the regular investors, my usual punt is £50, I don't think i'd go to the trouble of trying to get in on a loan for less than that, its just not worth my time.
I have a feeling that the recent "heavy" bids on loans are from someone who is reducing their exposure to Property on other platforms.
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oldgrumpy
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Post by oldgrumpy on Jul 1, 2016 9:22:13 GMT
collateral There is no purpose in sending me (us) emails about small new loans such as #113. I was on line on your site waiting, and the loans had already been filled in a few seconds before the emails arrived. (I still wasn't fast enough to get any part despite refreshing the available loans page every few seconds and wagging my fastest finger). I note that one lender provided almost half of the funding for #112 and #113 (I assume the other "smaller" fund provider with the same initials is someone else).
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Post by Collateral Rep on Jul 1, 2016 9:42:33 GMT
Hi oldgrumpy, The emails go out at the same time, some email providers may have delays which is out of our control. We will be sending out an email in the morning or the evening with all the loans listed shortly, but will have to persevere with this system for the time being. Sorry!! Also as mentioned before we are looking at adding bid limits. Many thanks, Gordon
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oldgrumpy
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Post by oldgrumpy on Jul 1, 2016 10:08:53 GMT
Don't blame the email providers. #113 went on offer at 10:15. My email came in at 10:15. I was already on line and F5-ing at 10:15. What I am getting at is, you're wasting time to even send the email for such small offerings, not that I couldn't "get any" . That's another story. PS How long did #112 and #113 last? Ten seconds each? Twenty?
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Investor
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Post by Investor on Jul 4, 2016 11:24:13 GMT
Pity the fool who has invested in 0114
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ben
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Post by ben on Jul 4, 2016 11:28:51 GMT
Pity the fool who has invested in 0114 why? not looked yet what is bad about it
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Investor
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Post by Investor on Jul 4, 2016 11:42:41 GMT
Pity the fool who has invested in 0114 why? not looked yet what is bad about it Well 9ct gold is 38% gold. It is 755 grams so contains 290 grams of gold. This amount of gold melted down on the open market on today's spot price would be about £8940, Collateral have valued this at £8950 with would give you a shortfall of about £10. You would also have an issue if you needed to sell it internationally as it would be unlikely to be able to be delivered via air freight services. Edit. Accurate gold price would make this worth around £9,400
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Post by Collateral Rep on Jul 4, 2016 11:48:32 GMT
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