lofty
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Post by lofty on Oct 21, 2018 10:17:54 GMT
It would be interesting to see how discounts on loans would go. As pointed out above if you give 30% discounts people will buy - some would call it a speculative investment, others might say greed or stupidity. Take your choice.
Similarly some people will refuse to sell at anything less than par. "I paid x for it, so that's what its worth". I have sympathy for this viewpoint as I still own a large collection of VHS tapes - anyone wish to buy at £9.99 each?
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lofty
Posts: 101
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Post by lofty on Oct 3, 2018 10:59:14 GMT
My gut feel is that if people could sell at (say) a 10% discount there'd be lots of sellers and plenty of risk averse people willing to take a punt. Would surely get the secondary market moving?
Question - how does this benefit Lendy? At present they are paying no interest to anything stuck in a queue (which I fail to understand why someone would park their money in the queue knowing it wont sell before the due date anyway - but that's another story)
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lofty
Posts: 101
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Post by lofty on Aug 9, 2018 15:16:41 GMT
how come the headline shows 2 stars but the figure shown is 4.7? I've asked trustpilot to comment via my review of trustpilot. I'm no expert, but that 4.7 is out of 10 - the stars are out of 5. So half it (2.35) and round to the nearest and there you go! That said, I can't see where on trustpilot you review something on a scale of 1 to 10. Maybe you'll just have to wait for a response from them.
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lofty
Posts: 101
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Post by lofty on Jun 20, 2018 13:20:40 GMT
ablrate - please do not introduce reCAPTCHA (I spent hours on SS clicking on those icons only to discover the loan parts had been sold in the meantime) Iirc they did introduce a captcha about a year ago but removed it within hours following complaints, seem to recall elliotn commenting at the time? Edit: see p2pindependentforum.com/post/207992/threadOk, looks like I'm on my own about reCAPTCHA Proves the point about consulting your customer base before before just introducing what you think are improvements...
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lofty
Posts: 101
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Post by lofty on Jun 20, 2018 6:14:58 GMT
Agree with general sentiment of not changing the SM - if it ain't broke... Sure there could be better things, but there's definitely worse things that could be done. One suggestion for dealing with bots would be to introduce Google's reCAPTCHA - another P2P site has done so and it works effectively! (I could be sarcastic and suggest they remove it and hope some idiot with a bot clears out their SM )
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lofty
Posts: 101
Likes: 104
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Post by lofty on Apr 23, 2018 6:45:43 GMT
Being selective about who you ask to leave a trustpilot review is not an uncommon exercise. The same trick is played with businesses on tripadvisor, and I've heard of companies strongarming employees to leave positive feedback on glassdoor.
All this balances out with disgruntled customers who leave overtly negative (or often false) comments in the hope that this gets the company to give some kind of compensation. I used to have an involvement in a restaurant and the amount of b**ls**t posted in the attempt to get a free meal was eyewatering.
This is why I tend to gravitate towards reading the 3 star reviews - usually there's a reason behind someone posting a so-so review. However, all these experiences have made me somewhat cynical about review sites. I wonder how many people rely on these as part of their investment decisions?
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lofty
Posts: 101
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Post by lofty on Apr 6, 2018 12:59:07 GMT
has there really been any new loans brought to the platform this year because in my confusion all i see are the same old loans that havent paid back when due being dressed up and extended or throwing in further tranches or anything else they can do to avoid payment. where are these borrowers going to find refinance from. Yes, I count 7 (4 PBLs, 3 DFLs). Rank "Live Loans" by loan number and check the "Start Date" of the most recent ones. ps. Everyone else on this forum manages to use capital letters, question marks and the occasional line break for ease of reading. How about you doing the same, out of courtesy? I think ps. should be capitalised!
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lofty
Posts: 101
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Post by lofty on Mar 1, 2018 9:36:22 GMT
I also want to thank ablrate for their email. Reassuring without making comment about the unfortunate events at another company. I think you've earned yourselves some browny points on these boards.
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lofty
Posts: 101
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Post by lofty on Mar 1, 2018 4:56:22 GMT
I would have thought (and I am no web whizz) that it would have been quite easy to change the website to read only. All that needs to be done is to change the html script to disable the sections associated with any buttons taking money in or out of the account and not allowing sale of loans (some p2p sites don’t have a secondary market - how hard is that to replicate ) Can be a little harder than just tweaking the html. Someone with half decent software dev skills (or a hacker) can easily edit the rendered the downloaded website script in the browser and then submit parts of it. The solution to fixing this is disabling stuff on the server side either by removing the endpoints or ensuring that they cant be posted to. How much of this work has already done is unknown, but as they did have a facility to disable loans before this should have been considered. Personally, I'm not expecting to see the website any time soon because I'd be suspect the administrator will prioritise other matters rather than getting bogged down in IT technicalities.
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lofty
Posts: 101
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Post by lofty on Feb 2, 2018 11:53:18 GMT
Nothing more for me until DFL005 pays , worried that Lendy has lost the plot. They haven't lost the plot - in fact they've just loaned out a couple of million on it... :-)
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lofty
Posts: 101
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Post by lofty on Dec 14, 2017 16:33:56 GMT
.. and, unsurprisingly, investments in PBL191 were not "automatically switched in to the DFL". Regardless of the merits of the loan, I'm surprised that this one was not more heavily subscribed at 12% and a full year. One person has sold out already (Not me as I see it could be ok for 200 days or so), but any that came on the SM has been snatched up straight away (Most of it by one person/fund). I assume they see it the same way, 365 days, 12% etc.
Edit: Sorry, I got confused there. The loan that has lots of movement is PBL191 which is being repaid by this DFL. Big money going in so they are probably just waiting to see if they get a few days interest before drawdown of this DFL. A lot of messing around for £6 a day on £20k??
Or they haven't noticed that this is the one is due to repay and clicked a little too quickly...
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lofty
Posts: 101
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Post by lofty on Dec 14, 2017 14:37:27 GMT
Would appear to not be that popular at the moment - only 3 people invested for a sum of £1551.55. I can see some cashback on offer here soon... Attachments:
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lofty
Posts: 101
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Post by lofty on Dec 14, 2017 12:12:56 GMT
Anyone else nostalgic for when all the discussion was about tips for how on earth you could manage to BUY any loans? Yes, however, this was some time ago and at that time my portfolio comprised mostly of loans that now reside in the default loans tab!
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lofty
Posts: 101
Likes: 104
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Post by lofty on Nov 6, 2017 17:36:46 GMT
The fact that the RM listing has "in receivership" plastered all over it probbaly puts a lot of buyers off - I would definitely avoid if I was in the market for that kind of house, wary of what corners might have been cut They didn't have planning permission for the size, so its so much not cut corners but corners moved slightly closer to each other...
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lofty
Posts: 101
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Property Moose
Spv 81
Nov 6, 2017 17:32:29 GMT
Post by lofty on Nov 6, 2017 17:32:29 GMT
I wonder what the interest on a third of a million for a week is at unauthorised borrowing rates? And who gets it???
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