grahamg
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Post by grahamg on Oct 7, 2015 19:01:01 GMT
Nearly right someone from Faintly Comatose just woke from their sleep and answers questions on 16335
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grahamg
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Post by grahamg on Oct 7, 2015 18:53:01 GMT
I see that FC can't be bothered to and has not answered any of the questions on property loans since the fixed rate change.
Says a lot about their attitude to investors. Loans going through quickly and filling so why bother, redeploy whoever was responsible
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grahamg
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Post by grahamg on Oct 7, 2015 18:24:00 GMT
Been like this since after my last transfer in on the 24sep
You have £xxx.xx available in your account, however we are unable to transfer money out of your account at this time due the following reasons:
You have recently transferred in £xxx.00 via debit card and these funds have not yet been cleared by our payment provider.
Their response was :
Unfortunately there has been a delay in clearing these funds from our payment provider, but our Financial Controller will be finishing this off this evening, so you should be able to see those funds have cleared from tomorrow.
Well tomorrow was the 6th and still not fixed
Anyone had similar issues?
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grahamg
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Post by grahamg on Oct 6, 2015 11:45:41 GMT
Just get "Error establishing a database connection" anyone else have this problem?
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grahamg
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Post by grahamg on Oct 2, 2015 17:39:36 GMT
Nice, Thanks
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grahamg
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Post by grahamg on Oct 2, 2015 12:26:01 GMT
Yes I can see what you are saying arbster. I suppose for us we risk annoying investors who have bid on a loan auction that then goes on to be extended beyond the 7 days, so we have a longer auction period to start with. We are taking on all this feedback and will test shorter auction periods to see how they work for us. SteveT, this loan has been extended as it hadn’t filled and the borrower wanted to give it a little more time to see if it will fill. Arbster this loan was also extended by 24 hours. Apologies in future we will send out emails to let investors know that a loan auction was extended. I don't like extensions its a bit like watching paint dry or flogging a dead horse in the hope that some dim punters will come along and resurrect it . ReBs have extended a loan twice now C**** R*** A********* and still not filled after 17 days. A loan not filling should say something important to the platform about their choices or the borrower about how lenders see them. Instead it seems to get put down to not enough lenders or time. Don't think "the borrower wanted to give it a little more time to see if it will fill." cuts it, maybe the loan needs a lower rating and value.
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grahamg
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Post by grahamg on Oct 2, 2015 11:57:57 GMT
Should be easy: the platform already pauses to check things (eg have you enough funds) after each bid is placed. After the bid is accepted, the total bid so far is displayed. During that pause approx one line of code could be inserted to compare the total bid so far with the loan size. Obviously Flaky Coding has some competence and could make this change immediately- perhaps the reason why they do not do this lies elsewhere. Eg perhaps they make non-emergency changes to the code only on a weekly timeframe ... They're definitely investing in their technical team, and have some very competent people who were even allowed to talk to punters at the Investor Evening. I'd suggest it's a priorities thing, and this kind of change is probably already on their product roadmap, but possibly behind something more important. Or they're all off working on fundingcircle.de or whatever. They could also introduce a pause to restrict the bid rate per minute
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grahamg
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Post by grahamg on Oct 2, 2015 10:01:56 GMT
But isn't it so comforting to know that it only takes 5 bots/flippers to fill a loan and that Frantic Children are monitoring them to make sure they play nicely with each other.
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grahamg
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Post by grahamg on Sept 30, 2015 18:10:39 GMT
Eeek! What HAVE they done? Perhaps Fractured Constipations was struggling to get out 16177A+ - a monster £346k Which is already under flipper attack. Hope they choke on it!
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grahamg
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Post by grahamg on Sept 29, 2015 13:49:41 GMT
16105 The flippers are very hungry
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grahamg
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Post by grahamg on Sept 29, 2015 12:56:59 GMT
A 25K D loan 16135 just went up and autobodged in 12 mins to completion. So what's the point in looking at the platform at all except for flippers on the big loans.
No chance of duedil for anyone or asking questions. Think there will be some unhappy autobodge lenders later when their unsecured loans start to go bad.
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grahamg
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Post by grahamg on Sept 28, 2015 20:55:14 GMT
At rest sort of. 16118 just needs another 3100 odd punters @£20 to fill ,500+ per day
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grahamg
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Post by grahamg on Sept 28, 2015 18:58:14 GMT
I guess we'll see what happens tomorrow when people are back at work - they may fill up more quickly. It's possible they'll need 2% cashback for £200k+ loans. Even if they do, question is how much of it you'll have to hand to the next buyer to be shot of it within 6 months....? Still being filled by autobid at 53%, no sign of human activity
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grahamg
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Post by grahamg on Sept 26, 2015 16:49:19 GMT
If under investigation are they still lending ?
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grahamg
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Lending Crowd
Loanbook
Sept 26, 2015 16:15:39 GMT
Post by grahamg on Sept 26, 2015 16:15:39 GMT
Read the abbreviated accounts that LC don't supply , should have done that before. They have no cash the current assets are all trade debtors probably a lot is carry over from 2014. Not getting paid for whatever reason.
nanniema take note!
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