stokeloans
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Post by stokeloans on May 30, 2016 11:21:46 GMT
SS need to upgrade their servers I reckon.Other sites are working normally and speed is critical when it comes to buying on the SM
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stokeloans
Member of DD Central
Posts: 400
Likes: 484
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Post by stokeloans on May 30, 2016 11:05:53 GMT
Cannot seem to get anything on the SM , its running very slow, but only got -1meg here. I have a 200Mg fibre connecrtion and it's taking approx 6 seconds to reload the page so no chance of buying anything for me
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stokeloans
Member of DD Central
Posts: 400
Likes: 484
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Post by stokeloans on May 30, 2016 10:38:48 GMT
I just sold 2 parts on the SM to balance my account and they both sold by the time my screen refreshed !!!
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stokeloans
Member of DD Central
Posts: 400
Likes: 484
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Post by stokeloans on May 30, 2016 10:31:26 GMT
SS should keep their website updated rather than post on here to a handful of investors. That's why they have an update page isn't it.They just don't update it enough. On the plus side I like the weekly email. Confidence in a platform is everything in the financial sector and being kept in the dark doesn't promote confidence
I agree that SS should update their page regularly, preferably with more information other than the loan updates (maybe a blog...), which is what the updates tab is used for (and very successfully ATM). However, I disagree that they shouldn't post on this forum.
You say a handful of investors, and whilst I'm sure that is true for active forumites, I'd be surprised if most of SS investors don't come to this forum to keep an eye on the platform, from the investors POV. To illustrate this; at the time of writing this post, there was 18 Members and 35 Guests online.
It's a nice convenient location for SS to engage with its investors, and also where they can be seen to be engaging with its investors; when they stop doing that, they are just another faceless organisation.I just think if they need to prioritise communications it's on their website,where ALL investors will go
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stokeloans
Member of DD Central
Posts: 400
Likes: 484
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Post by stokeloans on May 30, 2016 10:28:36 GMT
Just gone live £180 allocation I need to be more observant,just logged into SS and never noticed my - £180 balance
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stokeloans
Member of DD Central
Posts: 400
Likes: 484
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Post by stokeloans on May 30, 2016 6:28:37 GMT
SS should keep their website updated rather than post on here to a handful of investors. That's why they have an update page isn't it.They just don't update it enough. On the plus side I like the weekly email. Confidence in a platform is everything in the financial sector and being kept in the dark doesn't promote confidence
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stokeloans
Member of DD Central
Posts: 400
Likes: 484
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Post by stokeloans on May 29, 2016 14:15:35 GMT
One loan is put into default and it's like armageddon on here. In the words of Corporal Jones "don't panic". Nothing good ever came of panic.Fortunately it's just a few on this message board,let's hold fire on the worst case scenarios,at least until after the bank holiday folks
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stokeloans
Member of DD Central
Posts: 400
Likes: 484
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Post by stokeloans on May 28, 2016 14:19:30 GMT
I asked SS support team this exact question before and they say they allow it as investors should always know the risk in P2P. Well, fair enough. What I don't understand is, why would fellow investors buys loan parts with negative days? and even more so, with the latest defaulted loan, when I looked at the recent activities, there are fellow investors buying defaulted loan parts! I am very puzzled. As far as I am concerned from my profession, loan with negative days already triggered credit event, technically already defaulted. I wouldn't get anywhere close to those loans. But I am very interested to hear from those who bought defaulted loans and/or loan parts with negative days. What is your rationales? Maybe your extensive local knowledge on particular loans? Thanks. I look at each loan on merit and not just the loan details themselves but the updates.Some loans get extended...with the interest paid upfront....some get converted to DFLs. But no,I wouldn't touch PBL 020 with a barge pole
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stokeloans
Member of DD Central
Posts: 400
Likes: 484
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Post by stokeloans on May 28, 2016 12:33:18 GMT
Up to £50k now
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stokeloans
Member of DD Central
Posts: 400
Likes: 484
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Post by stokeloans on May 27, 2016 18:32:52 GMT
In light of PBL 020 going into default should SS suspend trading on all loans that go into default ? What's your view ? Could make a good poll question for CD
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stokeloans
Member of DD Central
Posts: 400
Likes: 484
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Post by stokeloans on May 27, 2016 15:57:15 GMT
People rattled by PBL020 ? Because it's supposed to repay within a week? No,it's being converted to a DFL shortly
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stokeloans
Member of DD Central
Posts: 400
Likes: 484
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Post by stokeloans on May 26, 2016 14:12:56 GMT
The developer has applied to change the PP to incorporate more flats and has been denied by the local council. You can find out more by searching for The Stoke Sentinel website. I am not allowed to link directly to the article,it's the rules you know
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stokeloans
Member of DD Central
Posts: 400
Likes: 484
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Post by stokeloans on May 26, 2016 12:58:19 GMT
I don't want my money sitting idly on SS when it can be earning interest elsewhere and transferred when needed within 48 hours. Well you can continue doing this. My suggestion just means the interest will start accruing once you have transferred the cash to SS Which is how it should be.We really shouldn't be earning interest BEFORE we've funded the loan in all fairness
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stokeloans
Member of DD Central
Posts: 400
Likes: 484
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Post by stokeloans on May 26, 2016 12:29:45 GMT
SS should charge 12% interest on any negative balance. Problem solved. Of course investors who fund their account on the same day should not be charged. So SS should be checking when the funds were credited to their bank account. I don't want my money sitting idly on SS when it can be earning interest elsewhere and transferred when needed within 48 hours.
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stokeloans
Member of DD Central
Posts: 400
Likes: 484
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Post by stokeloans on May 25, 2016 16:10:04 GMT
Some on site activity today.A rather large drilling rig was boring away.Hard to see what's going on as the site is panelled in Edit: I've changed the thread title to something a tad more descriptive of the development than "*** building". Hope that's OK
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