dawn
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Post by dawn on Mar 3, 2016 23:45:21 GMT
Agree with sam i am and GSV3MIaC - I'm properly confused now...... or properly dense ....... AIUI the SM explanation in the OP is very clear (the examples eliminate ambiguity). Can't imagine anyone not understanding. However ....... the PF bit can clearly be interpreted in different ways ! The more of these posts I read, the less I seem to get it. I can still set all my PFs above £10k, so how am I limited (" EVERYONE has a £10,000 INPL (we like that acronym) limit" ) to 10k ? Please savingstream could you clarify the new PF INPL rules ? You are not limited on how much you can prefund but by the deficit that can create, a max 10k. So if you prefunded 50k and were allocated 20k, you would need to have 10k already available. What SS appear to be doing is pushing people to pay for part of their PF allocations in advance if they are likely to be greater than 10k. Given that the timescales for working hour deposits and withdrawals are now hours rather than a day this is now realistic. Now if SS could just add the 'at least' we could all let out a collective 'ah ha now it makes sense' That is how I read it - you can prefund up to as much as your personal limit allows, but when a loan is launched you won't be able to go more than £10k into the negative. If your prefund would take you more than £10k overdrawn then you won't be allocated the bit between that and your prefund amount. If you want more then you will need to transfer it before the loan is launched (or use the SM afterwards). I think ilmoro's example above helps to make it clear. I think the words 'at least' are missing on purpose - I read it is as everyone has a flat rate of not being able to go overdrawn by more than £10k for any individual pre-funded loan at the time of its launch. Once it is on the SM the rules about size of investments plus cash apply. I think that is why 'EVERYONE' is in capitals in the original announcement. SS have decided to introduce these rules based on what they have seen happening (which we may have been guessing at but don't know for sure). They obviously believe this will reduce (hopefully mostly solve) the problems that they have seen. They know who the people are that have been abusing the current system and obviously believe this will curtail the activities of those individuals - otherwise they wouldn't be introducing these limits. We'll see how well this works at the next loan launch
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dawn
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Post by dawn on Feb 26, 2016 14:10:17 GMT
And another vote for leaving it as it is. I find tracking my SS loans much easier than any of the other P2P sites I am with (FC, LC, MT and ABL (granted I only have 3 loans with ABLrate so far - I've only been with them a fortnight but it will grow)).
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dawn
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Post by dawn on Feb 25, 2016 11:50:28 GMT
A day or so ago I noticed that when I downloaded my loan parts to Excel the end dates appeared for sold parts but did not appear for the repaid parts. I emailed savingstream and it has already been fixed, quietly in the background, without any fanfare. I would like to say many thanks to SS for responding so quickly. I know it was a small problem and they have much bigger issues to deal with at present, so I am very pleased with their responsiveness. I have emailed them to thank them but thought I would do it publicly as well as, on balance at the moment, they seem to be getting more flack than praise and I think, overall, they are doing a great job.
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dawn
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Post by dawn on Feb 22, 2016 13:27:19 GMT
Peterborough care home now at stage 3 with a PBL no. Suggests it also maybe going live shortly.
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dawn
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Post by dawn on Feb 21, 2016 14:55:48 GMT
It's not just you - most of mine that should have run last night are still processing.
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dawn
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Post by dawn on Feb 17, 2016 18:48:49 GMT
Why not have two threads - one for Pipeline updates and one for Pipeline discussions....
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dawn
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Post by dawn on Feb 15, 2016 13:54:18 GMT
Thank you everyone. I have now registered and am wandering around the site. It is looking promising to be able to branch out into other asset-backed loans, albeit with the comments made about speed of lending.
What are ST containers and plan3s? Are they sea transport containers and a mis-spelling of planes?
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dawn
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Post by dawn on Feb 15, 2016 11:54:31 GMT
I am looking to diversify to another platform and have been considering ABLrate. I am currently with FC (winding down), LC (very small and not increasing), SS and MT (both currently increasing). The reason I am looking at another platform is not just to diversify across platforms but also to diversify across types of asset backed loans. How different is ABLrate to SS and MT in particular in this regard? What is the range of types of assets used for security and roughly how do they split within the platform (ie are they 50% property, 20% planes, 15% cars and the rest bits and pieces - I am not clear what is currently used so I am sorry if these are way off).
Many thanks for any guidance.
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dawn
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Post by dawn on Feb 12, 2016 12:59:07 GMT
Also for deposits I have just made a deposit, gone to my Moneything page, navigated to see my funds and by the time I got there the funds have been confirmed and the email saying so was just arriving. All done in under 1 minute. Moneything stand out head and shoulders above other P2P sites for customer service and responsiveness. Some of the other P2P sites are quite good but no-one else comes near Moneything for this.
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dawn
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MoneyThing (MT) in Administration
Web suggestions
Feb 11, 2016 18:12:15 GMT
Post by dawn on Feb 11, 2016 18:12:15 GMT
It was slow for me re-loading the live loans page at 4pm - took about 30 secs - but from there on, selecting the loan and investing was fine.
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dawn
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Post by dawn on Feb 10, 2016 23:06:31 GMT
looking at the pre-funding levels do you think there is more then enough to cover it? if more approximately what percentage do you think we may get The risk of letting on how much is in the prefunding pot is that we will start to see games again. We are tempted to do the "bottom up" allocation over all the loans going forward which should be quite fair and stop people playing the system. Appreciate thoughts on that? I think the system is fine as it is, I like the fact that is (in the main) simple - please don't make it any more complex that it needs to be. The introduction of bottom-up allocations for small loans was a good move to give everyone a fairer chance. I don't think it is necessary for the larger loans and will probably upset more people than it helps. I also think the introduction of bidding limits based on portfolio size (plus cash) was a sensible move - helping to reduce overgaming by some. If you have a large portfolio then you should be able to bid more than some-one with a smaller portfolio as you clearly have the assets to support your bid (albeit by selling things if necessary or bringing in extra cash from outside). I think these two steps are enough for now. The main problem over the last couple of months has been the blockage in the pipeline. Now that this is beginning to move things should ease both for pre-funding and on the SM. I suggest SS do nothing until after the pipeline is flowing freely again and then assess whether there is still a problem.
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dawn
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Funding Circle (FC)
E-Alert!
Feb 9, 2016 13:05:30 GMT
Post by dawn on Feb 9, 2016 13:05:30 GMT
I've just received that email as well
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dawn
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Post by dawn on Feb 9, 2016 12:55:09 GMT
I am also interested in this idea. However Broadoak also said they hope to have 4 more property loans go live by the end of the month so careful timing may be required.
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dawn
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Funding Circle (FC)
E-Alert!
Feb 7, 2016 14:58:18 GMT
Post by dawn on Feb 7, 2016 14:58:18 GMT
19896 - In the interests of openness, Financially Crafty appear to be ommitting the numbers for previous/current loans. Does anyone know the number for the previous loan for this one, titled 'Newborn Photoshoots'? Say Cheese! I think it was 8556.
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dawn
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Post by dawn on Jan 27, 2016 14:41:47 GMT
Thank you both - I can see it now
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