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Post by MoneyThing on Aug 19, 2016 12:50:19 GMT
I'm not sure why the decision to lower the bid limit wasn't taken this morning, when it was known exactly how much had been rolled over, and therefore how much availability remained. Whilst I like the fact that MT involve us forum-members in how the platform is run, I feel that constantly reacting to what is being said here rather than thinking things through and making a reasoned decision at the outset doesn't always give the best impression. Going forwards, can I suggest that for all roll-over loans, no bid limit is announced until the availability is known? This would still give us time to fund our accounts and place our bids. I agree that that the timing was not ideal today as we delayed the rollover until 10am due to the complexity of this one (which may well be a one off situation). Whilst many lenders click the opt-in well in advance of the renewal, a surprising number still only choose to opt-in (or out), on the last day up until the evening before which makes it tricky to predict the resulting balance to set an optimum bid limit whilst trying to give sufficient notice for people to fund their accounts. I will have a look at ways we can try and improve how we set the limits. My apologies again. Regards, Ed
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Post by MoneyThing on Aug 19, 2016 12:52:24 GMT
Ed - re: your post three above, do we now know what Sophiething looks like ....... ? The picture is of LucyThing actually.... if you are curious about what SophieThing looks like you can have a look here.
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jimbob
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Post by jimbob on Aug 19, 2016 12:53:12 GMT
I was going to invest £300 anyway. Perhaps 150 into the AE then 5*25 into the Cash shop ?
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treeman
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Post by treeman on Aug 19, 2016 13:00:42 GMT
I'll just have to try and get 9 x £25 = £225 to augment my rollover investment. Wow Grumps; nowt up with your mathematics Still likely to be a bit of a finger-fest then
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jonbvn
Member of DD Central
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Post by jonbvn on Aug 19, 2016 13:15:24 GMT
Ed,
Kudos for conducting your business in an open and transparent manner, fully engaged with your lenders.
On some (most?) other P2P sites changes are made without any consultation or consideration of the lenders.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Aug 19, 2016 13:50:43 GMT
LucyThing - next time, don't let Scrooge Ed off so easily with that tiddler. Think Big. It was supposed to be a chocolate bar ... not sure Ed got of that lightly Amused that Ed gets an executive style professional photo for the Who are we gallery, the rest get a quick snap around the house, a possible selfie (Lucy) and in Shuang's case the one the photo booth snapped before he changed into his superhero outfit
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Post by MoneyThing on Aug 19, 2016 14:03:50 GMT
LucyThing - next time, don't let Scrooge Ed off so easily with that tiddler. Think Big. It was supposed to be a chocolate bar ... not sure Ed got of that lightly Amused that Ed gets an executive style professional photo for the Who are we gallery, the rest get a quick snap around the house, a possible selfie (Lucy) and in Shuang's case the one the photo booth snapped before he changed into his superhero outfit Your comment caused a giggle in the office - thanks! (Yes - SophieThing was funnily enough discussing getting some professional images done of all of us...I have to admit that the image of me was one taken professionally in a previous life which I think I might get updated too).
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investibod
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Post by investibod on Aug 19, 2016 14:18:14 GMT
I came to the party in this thread a little late. This afternoon has been a bit busy to monitor the forums and only found out about the change of limit from the email. From the timings it looks like I initiated the faster payment to cover the £250 limit at almost the same time as this thread kicked off.
I am a bit disappointed as I felt pretty sure I could have got some of at least 2 or 3 of the loans, but agree that it is fairer to have the lower limits.
There was obviously a fairly major miscalculation with the original limits, which Ed has held his hands up to. Mistakes happen; that is a fact of life. I am happy that this is treated as a learning experience; just as long as the lesson is learned and the same mistake is not repeated too often.
I think that the idea earlier in this thread, that limits are not published until there is a reasonable idea regarding rollovers, is a good one, if it can be made to work.
Any funds withdrawn after the bids are placed will in all probability not be credited by my bank until Monday, so possibility of 3 days interest lost there. Not the end of the world.
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registerme
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Post by registerme on Aug 19, 2016 15:03:27 GMT
The website appears to struggling at the moment. It's the first time I've seen it this bad for quite a while now.
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Post by Deleted on Aug 19, 2016 15:08:16 GMT
The website appears to struggling at the moment. It's the first time I've seen it this bad for quite a while now. Haha. All those £25 wads of cash blocking up the plumbing.
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Post by ydobon on Aug 19, 2016 15:09:57 GMT
Can I just say a big 'thanks!' for lowering the limits in this case. I sold out of a lot of P2P loans round about the start of the 'Brexit' shenanigans (money into ISA) and this provided me with a perfect opportunity to dip a toe back in the water with an instant degree of diversification
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grahamg
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Post by grahamg on Aug 19, 2016 15:10:17 GMT
The website appears to struggling at the moment. It's the first time I've seen it this bad for quite a while now. But i did get to add my bit to all the loans
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Neil_P2PBlog
P2P Blogger
Use @p2pblog to tag me :-)
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Post by Neil_P2PBlog on Aug 19, 2016 15:11:28 GMT
The website appears to struggling at the moment. It's the first time I've seen it this bad for quite a while now. With about £5k of £25 limit loans going in a few minutes probably 200 or so people were refreshing and then opening 10 tabs at the same time.
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Post by wildlife2 on Aug 19, 2016 15:11:38 GMT
Even my super fast broadband was super slow , but it was a lot of fun for a Friday afternoon.
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registerme
Member of DD Central
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Post by registerme on Aug 19, 2016 15:11:42 GMT
So did I, albeit with slow / non-responding web-pages. It's not really a complaint on my part, more of an observation. In the past MoneyThing has been interested in and receptive to feedback about performance.... hoy fyi I had multiple pages fail to load, some seemingly mid-transaction (though it all worked out in the end). I'm glad your experience was better than mine .
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