ding
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Post by ding on Sept 7, 2017 10:54:20 GMT
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Post by pedz14 on Sept 7, 2017 11:45:30 GMT
I have been allocated £5 worth of 2DFDC3C60 which was for a loan amount totaling £422.48. Never would have got it under the old system as never monitor my emails that closely. Guess the new system works for me.
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savernake
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Post by savernake on Sept 7, 2017 12:25:57 GMT
Not sure if its merely a coincidence, but the flow of new loans has almost dried up since the auto-lend change. Just three small loans in the last 2 days.
A glance through the recent loans page shows no sign of any of the 'bespoke loans' yet either. I expect these will be for larger amounts. It's a shame they wont be protected by either of the trusts though - for this reason I've decided to stay out of bespoke lending for the time being.
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Post by dan1 on Sept 7, 2017 12:55:00 GMT
Before the random system was introduced, I was able to pick up £10 and £25 chunks of loans on a regular basis. Along with the auto allocation, this kept my balance in a gradually reducing state and I had to keep topping it up on a regular basis. Now the opposite is occurring. I am not receiving any random £5 chunks (and don't expect to) and the auto allocation is not enough to offset the repayments. My balance is getting bigger as each repayment comes in and I will soon be taking money OUT of Unbolted for the first time and moving across to Col or LfSS. In my opinion this is a huge step backwards on a platform that I rate highly. I'm in the same position in that my balance has increased steadily since the new system was introduced. I requested my first non-test withdrawal since joining the platform and it didn't feel good. I liked the old system and was able to increase my investment balance off the back of it. Having said all that I really can't argue, the new system is fairer to those who can't compete in FFF. This is meant to be a hands-off platform afterall.
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Post by beeje13 on Sept 7, 2017 15:55:04 GMT
I got an Auto-Lend of exactly £5 both today and yesterday. Not looked at the loan sizes though.
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treeman
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Post by treeman on Sept 7, 2017 16:32:15 GMT
Not wishing to wind anyone up - but...
I got 2 x £5 auto-allocations yesterday (6th) and 3 more today (2 @ £5 and one of £15.24)
Maybe the allocation pixie works on a sub-set of accounts for a day or 2 then moves onto another set?
I'm still way too much of a newbie for any repayments so still hoping to be topping up periodically.
Be nice to read a bit of explanation from Unbolted...........
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n
Member of DD Central
Yet another Nick
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Post by n on Sept 7, 2017 17:03:55 GMT
I was given 2 @ £5 today (and another allocation in a larger loan) but nothing yesterday (although there was that tiddler which appeared on 5th but wasn't allocated until yesterday, of which I have £5).
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star dust
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Post by star dust on Sept 7, 2017 17:12:17 GMT
2 out of a possible 4 random’s for me since this started. The bites are smaller so I'm probably at least 50% less invested on these loans than I could've been before. However, I am was making extra effort to try and get a reasonable slice invested, going forward I probably wouldn't have been able to sustain this. So the longer term outlook has just arrived a bit quicker for me. It seems there’s around 200+ (?) investors with funds in their account, so most could expect to get into the larger loans closer to £1000. I don’t really want any Gold Trust loans but have set a small target to test the random aspect. I’d been hoping random meant we’d all get a reasonable share or we were, in reality, going round in circular allocation. I think it’s way too early to tell how 'random' will work yet, but it seems to me that loan origination has fallen since August (I don’t go back very far so could be way out ), investor numbers have likely increased, and impact of ‘random’ aside, it's loan origination that the Platform needs to pick up significantly.
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applets
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Post by applets on Sept 7, 2017 17:23:27 GMT
Still nothing random yet. Hopefully, things will improve .....
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hantsowl
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Post by hantsowl on Sept 7, 2017 19:46:57 GMT
This is why I dislike the new system. It is all down to luck. If you are lucky you will get many £5 chunks. If you are not, you get zilch.
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IFISAcava
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Post by IFISAcava on Sept 7, 2017 20:43:50 GMT
This is why I dislike the new system. It is all down to luck. If you are lucky you will get many £5 chunks. If you are not, you get zilch. But before it was simply down to a different form of luck - whether you happened to be at your computer the minute the email came through. Newer system is fairer to all, and more "fire and forget", which is one of Unbolted's strengths. I say that as someone who got a lot of the previous smaller loans as I work on mu computer a lot. I'm worse off, but I think the new system is fairer and liberates time.
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IFISAcava
Member of DD Central
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Post by IFISAcava on Sept 7, 2017 20:47:38 GMT
and btw I have had one £5 allocation since the change was made
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Post by dan1 on Sept 7, 2017 21:55:51 GMT
2 out of a possible 4 random’s for me since this started. The bites are smaller so I'm probably at least 50% less invested on these loans than I could've been before. However, I am was making extra effort to try and get a reasonable slice invested, going forward I probably wouldn't have been able to sustain this. So the longer term outlook has just arrived a bit quicker for me. It seems there’s around 200+ (?) investors with funds in their account, so most could expect to get into the larger loans closer to £1000. I don’t really want any Gold Trust loans but have set a small target to test the random aspect. I’d been hoping random meant we’d all get a reasonable share or we were, in reality, going round in circular allocation. I think it’s way too early to tell how 'random' will work yet, but it seems to me that loan origination has fallen since August (I don’t go back very far so could be way out ), investor numbers have likely increased, and impact of ‘random’ aside, it's loan origination that the Platform needs to pick up significantly. Be careful what you wish for, it could mean a sharp downturn in the economy. I'd be interested in to correlation of pawn business to the economic cycle, perhaps a topic for a future blog post ashwinp ? Of course I realise you mean a greater share of the current pawn market but I'm interested to learn more of this facet of the P2P market.
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jonah
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Post by jonah on Sept 8, 2017 7:21:15 GMT
I was given 2 @ £5 today (and another allocation in a larger loan) but nothing yesterday (although there was that tiddler which appeared on 5th but wasn't allocated until yesterday, of which I have £5). Exactly the same here.
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hantsowl
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Post by hantsowl on Sept 8, 2017 8:56:59 GMT
As expected, l am still waiting for my FIRST £5 chunk 😢
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