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Post by lynnanthony on Jun 11, 2016 12:28:35 GMT
James, I do sympathise with your issue over start timings. I seem to remember a plan a while ago to start loans at different times; I'm not sure why that did not happen. One suggestion might be to work round the clock face, with each loan's start time one hour after the previous loan's start time. (Say loan A started at 1600 on Monday. The next loan, Loan B, would start at 1700 on whichever day it started, loan C at 1800 whichever day it started, and so on.) Loans would still fill in pretty much the same time and everyone could choose to sleep through loan start times in the knowledge that others will be coming up at a time more convenient to their lifestyle. Of course, that system would be regarded as unfair on those whose access to a computer is for a smaller proportion of twenty four hours than others. You cannot please everybody.
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jonno
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Post by jonno on Jun 11, 2016 14:00:48 GMT
I don't really "get" this thread. MT is so popular because of what it is doing now and in the past. Ed has made incremental improvements as and when required, but going to shrapnel would definitely be a retrograde step; just look at what's happening at AC for those who want control over their investment decisions,- it just isn't worth the effort anymore. Please don't let that happen at MT. "If it's not broke, don't try to fix it". If it was broken, it wouldn't be so popular.
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littleoldlady
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Post by littleoldlady on Jun 11, 2016 16:28:53 GMT
I don't really "get" this thread. MT is so popular because of what it is doing now and in the past. Ed has made incremental improvements as and when required, but going to shrapnel would definitely be a retrograde step; just look at what's happening at AC for those who want control over their investment decisions,- it just isn't worth the effort anymore. Please don't let that happen at MT. "If it's not broke, don't try to fix it". If it was broken, it wouldn't be so popular. It's not too difficult to "get". The present system is popular with those who can go on-line at 4.00 (office workers, retired etc) but not popular with those who cant (surgeons, airline pilots etc).
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Post by GSV3MIaC on Jun 12, 2016 13:58:04 GMT
I'd second that remark .. I love several things about MT (the speed of faster deposits is amazing), but not the FFF between 16:00 and 16:07 for new loans. Give me AC style 'set a goal level and let the system buy to it' (ok, maybe nothing under £1), or even the prefunding, as seen at SS, in preference. The amount of potentially productive effort tied up with people peering at PC screens, hitting F5, rinse-and-repeat, is potentially horrific .. automate, for heavens sake, it's the 21st century. (or we could all gather at the pup and go for open outcry auction?)
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archie
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Post by archie on Jun 12, 2016 14:18:31 GMT
I'd argue that differences in platform methods is a good thing, people can choose whichever sites suit them best.
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Post by wildlife2 on Jun 12, 2016 15:33:32 GMT
Yes, the airline pilots and surgeons have AC and SS if they can't be around at 4 pm.
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duck
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Post by duck on Jun 12, 2016 16:09:09 GMT
Yes, the airline pilots and surgeons have AC and SS if they can't be around at 4 pm. I was in that position until last year since I was working in buildings that allowed no communication with the outside world .... so I used platforms that met my constraints, no big issue. Now I don't have those constraints I have found that I can build portfolios in further platforms and I have to say MT fits the bill very well. (no that wasn't intended to be a very bad pun!)
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littleoldlady
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Post by littleoldlady on Jun 12, 2016 16:35:40 GMT
Yes, the airline pilots and surgeons have AC and SS if they can't be around at 4 pm. True, but on SS they have to compete with those that can bid on MT at 4.00. AC is not comparable.
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Post by GSV3MIaC on Jun 12, 2016 18:40:39 GMT
Yes, the airline pilots and surgeons have AC and SS if they can't be around at 4 pm. Well if MT don't want that market (and currently they certainly don't seem to need it, or have the loan volume to support it) that's fine, just as long as it's a conscious decision to disenfranchise a large slice of the population. 8>.
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ben
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Post by ben on Jun 12, 2016 20:20:26 GMT
As I understand it, it's always MTs intention to make loans last the initial 24 hours. It's just they don't always manage it! that was the inital intention for the smaller loans not many have for awile there has only been a few loans that have lasted more then a day or two lately. None of them being the ones paying 12%.
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Post by MoneyThing on Jun 12, 2016 20:23:06 GMT
Evening,
Just wanted to mention that I am more than happy to revisit the subject of the timing of loan launches.
Early on we use to launch loans at various times during the day, however after a few months lenders expressed a preference for the loans to be launched at a fixed time on a 'loan day'. After discussion with lenders, the consensus was that 4pm was optimum.
I can appreciate that things have moved on since this topic was discussed (last summer), so if you would like to revisit it then happy to do so.
(Whilst it is connected, I would be grateful if the topic of pre-funding was left out for the time being. We may look at this in the future but just not yet...)
Last thing to mention is that whilst we will always focus on building deal flow to try and mitigate FFF situations, if we are doing things right, the lender base will just continue to grow to match this side of the equation and therefore will unlikely ever eradicate FFF periods (but hopefully occur less frequently).*
Regards,
Ed
* Size matters.... The main cause of the FFF occurrences is due to the smaller loans OR renewal loans whereby a high percentage of lenders choose to rollover their capital (leaving a small balance). Whilst there is little we can do regarding the latter, with regards to the former, we could look at batching the smaller loans up over a period of time if people think this may help. Since we pre-fund all the loans anyway, we could hold on to the smaller loans and only release them when a few smaller ones have built up (or alongside a big one)? Just a thought...
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jonno
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Post by jonno on Jun 12, 2016 20:41:38 GMT
Yes, the airline pilots and surgeons have AC and SS if they can't be around at 4 pm. Well if MT don't want that market (and currently they certainly don't seem to need it, or have the loan volume to support it) that's fine, just as long as it's a conscious decision to disenfranchise a large slice of the population. 8>. Yeah right. God, am I fed up bumping into surgeons and airline pilots every bloody where I go.
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jonno
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nil satis nisi optimum
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Post by jonno on Jun 12, 2016 20:48:15 GMT
I don't really "get" this thread. MT is so popular because of what it is doing now and in the past. Ed has made incremental improvements as and when required, but going to shrapnel would definitely be a retrograde step; just look at what's happening at AC for those who want control over their investment decisions,- it just isn't worth the effort anymore. Please don't let that happen at MT. "If it's not broke, don't try to fix it". If it was broken, it wouldn't be so popular. It's not too difficult to "get". The present system is popular with those who can go on-line at 4.00 (office workers, retired etc) but not popular with those who cant (surgeons, airline pilots etc). Please note, I made no comment re the launch TIME of loans;my issue was shrapnel. The rotation of loan times seems fair if that's what people want.
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agent69
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Post by agent69 on Jun 12, 2016 20:48:18 GMT
Jumping frog?
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Post by GSV3MIaC on Jun 12, 2016 20:50:00 GMT
Well if MT don't want that market (and currently they certainly don't seem to need it, or have the loan volume to support it) that's fine, just as long as it's a conscious decision to disenfranchise a large slice of the population. 8>. Yeah right. God, am I fed up bumping into surgeons and airline pilots every bloody where I go. If your point is that there are not 'a large slice of the population' who are pilots and surgeons, I agree. If you believe there are not 'a large slice' who can't be hovering over their computers at 4pm (or other time of out choosing) I disagree .. lots of people have lives outside of MT/P2P, even if they are not pilots and surgeons.
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