ashtondav
Member of DD Central
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Post by ashtondav on Jun 14, 2017 13:02:38 GMT
Come on FS, more quality loans please!
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jcb208
Member of DD Central
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Post by jcb208 on Jun 14, 2017 13:05:49 GMT
I'm newish to FS,Am I doing something wrong or is there no chance of getting any of the better loans,Bid on the above at 2.00pm to be told there is none available.Do the bots hover it up quickly or am I just not quick enough
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SteveT
Member of DD Central
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Post by SteveT on Jun 14, 2017 13:10:45 GMT
That was a farcical decision by fundingsecure not to apply a bid limit. It was one of the best-secured loans on the platform, reducing in size from £200k to just £60k renewing, and they let 1 or 2 big-hitters bag the whole lot. |
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oldgrumpy
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Post by oldgrumpy on Jun 14, 2017 13:11:26 GMT
Two greedy ******s took £44K of that because FS decided not to let us all have some by putting a restriction on. Gone in a few seconds - and I was there in less than half a minute.
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sqh
Member of DD Central
Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
Posts: 1,426
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Post by sqh on Jun 14, 2017 13:11:52 GMT
I'm newish to FS,Am I doing something wrong or is there no chance of getting any of the better loans,Bid on the above at 2.00pm to be told there is none available.Do the bots hover it up quickly or am I just not quick enough The email that was sent out did say there would be a restriction imposed on the loan. It didn't say how much, but apparently it was a typo. Personally I'm not impressed with the mistake.
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fp
Posts: 1,008
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Post by fp on Jun 14, 2017 13:12:47 GMT
Likewise, went out of my way to get on the internet for a piece of this one  |
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jcb208
Member of DD Central
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Post by jcb208 on Jun 14, 2017 13:15:24 GMT
Cheers reminds me of the good old SS days where you get nothing unless you master the FFF.Agree should have bid limits,Oh well will wait until the next decent loan and try again
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gurberly
Member of DD Central
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Post by gurberly on Jun 14, 2017 13:47:41 GMT
Without wishing to gloat I'm happy to report I had some funds available on site and got a wee chunk of it.
I have no bots, just bang on the button with FFF :-)
Just noticed that they now suffix the investor name with an extra ***A if the purchase is from within an ISA wrapper
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oldgrumpy
Member of DD Central
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Post by oldgrumpy on Jun 14, 2017 14:42:11 GMT
I'm newish to FS,Am I doing something wrong or is there no chance of getting any of the better loans,Bid on the above at 2.00pm to be told there is none available.Do the bots hover it up quickly or am I just not quick enough The email that was sent out did say there would be a restriction imposed on the loan. It didn't say how much, but apparently it was a typo. Personally I'm not impressed with the mistake. Typo my rear end! A typo is a typographical (= small mistake in typing/printing) error not a blatant piece of misinformation. It was an office error. No one proof read it before making it public. gurberly Well done that man! 
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james21
Member of DD Central
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Post by james21 on Jun 15, 2017 6:57:15 GMT
That was a farcical decision by fundingsecure not to apply a bid limit. It was one of the best-secured loans on the platform, reducing in size from £200k to just £60k renewing, and they let 1 or 2 big-hitters bag the whole lot. Completely agree, probably cant be bothered as it involves more work from them, all they want to do is fill the loans not help look after their investors. They read these posts but will they do anything?
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Post by fundingsecure on Jun 15, 2017 9:38:11 GMT
A similar question about restrictions was asked in March - our response is copied below.
At that time there were several pages of comments - both positive and negative - very little point in going over the same ground again.
Out philosophy has not changed - we are still operating a balancing act and understand that this will not suit everyone.
FundingSecure
Just to clarify - we have a number of investors who prefer spreading their investment across multiple loans - they prefer that we set limits to allow the maximum number of investors.
However
We have a number of investors who prefer to invest larger sums on a smaller number of loans. They prefer that we do not restrict loans.
It is a difficult balancing act - whichever way we handle it - we will always upset some investors.
We therefore try to provide a balance - some loans are listed with limits, some not.
From our standpoint it does not affect us whether a limit is placed on a loan.
With an increasing pipeline and a larger variety of loans we aim to please as many investors as possible, but
You can please all the people some of the time
You can please some of the people all of the time
BUT
You can't please all of the people all of the time.*
FundingSecure
* John Lydgate, later adopted by Abraham Lincoln
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james21
Member of DD Central
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Post by james21 on Jun 15, 2017 10:10:28 GMT
A similar question about restrictions was asked in March - our response is copied below. At that time there were several pages of comments - both positive and negative - very little point in going over the same ground again. Out philosophy has not changed - we are still operating a balancing act and understand that this will not suit everyone. FundingSecure Just to clarify - we have a number of investors who prefer spreading their investment across multiple loans - they prefer that we set limits to allow the maximum number of investors.
However
We have a number of investors who prefer to invest larger sums on a smaller number of loans. They prefer that we do not restrict loans.
It is a difficult balancing act - whichever way we handle it - we will always upset some investors.
We therefore try to provide a balance - some loans are listed with limits, some not.
From our standpoint it does not affect us whether a limit is placed on a loan.
With an increasing pipeline and a larger variety of loans we aim to please as many investors as possible, but
You can please all the people some of the time
You can please some of the people all of the time
BUT
You can't please all of the people all of the time.*
FundingSecure
* John Lydgate, later adopted by Abraham Lincoln
Policy needs refining as I see it. To make it fairer you should state a loan figure up to which limits are always put on eg loans up to £20k ""These men ask for just the same thing, fairness, and fairness only. This, so far as in my power, they, and all others, shall have." " -- Abraham Lincoln
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jcb208
Member of DD Central
Posts: 819
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Post by jcb208 on Jun 15, 2017 10:41:23 GMT
What annoyed most of us was one of your better loans and such a small amount and you decide no bid restrictions ,would it not be better that larger loans have no restriction. As mentioned maybe only loans up to a certain value are restricted then we know where we stand
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Post by angrykittens on Jun 15, 2017 10:59:29 GMT
It's fairly obvious which loans are going to be popular, bling, cars, and low LTV ratio on decent properties. These are the ones you restrict, maybe towards the higher end of restricted loans you impose a short limit - 2 hours, this lets anyone who is on the ball get a finger in the pie and the BH can smash their face into it later on. Or better still, put 40k into some god awful painting...  There is over £1mil of available loans as i type this (not including secondary market). There is plenty for a BH to take a punt on, people only want the obviously popular loans restricted.
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oldgrumpy
Member of DD Central
Posts: 5,087
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Post by oldgrumpy on Jun 15, 2017 11:10:32 GMT
A similar question about restrictions was asked in March - our response is copied below. At that time there were several pages of comments - both positive and negative - very little point in going over the same ground again. Out philosophy has not changed - we are still operating a balancing act and understand that this will not suit everyone. FundingSecure Just to clarify - we have a number of investors who prefer spreading their investment across multiple loans - they prefer that we set limits to allow the maximum number of investors.
However
We have a number of investors who prefer to invest larger sums on a smaller number of loans. They prefer that we do not restrict loans.
It is a difficult balancing act - whichever way we handle it - we will always upset some investors.
We therefore try to provide a balance - some loans are listed with limits, some not.
From our standpoint it does not affect us whether a limit is placed on a loan.
With an increasing pipeline and a larger variety of loans we aim to please as many investors as possible, but
You can please all the people some of the time
You can please some of the people all of the time
BUT
You can't please all of the people all of the time.*
FundingSecure
* John Lydgate, later adopted by Abraham LincolnWhat a stupid repeat post, with its cliché finale!!! We know that. Don't parrot that doo-doo all over again after you sent us an email saying there would be a restriction on that loan. People transferred money in preparation for investing a moderate amount in that loan, on the strength of that email, to no avail. You messed up and are too arrogant to acknowledge that publicly.
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