oldgrumpy
Member of DD Central
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Post by oldgrumpy on Nov 19, 2013 16:04:51 GMT
Security (4093) Risk band C- has been questioned, but questions and answers are being moderated all over the place. Anyone know what is upsetting FC here? They won't explain unusual risk banding.
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Post by chielamangus on Nov 20, 2013 12:38:45 GMT
6093 has disappeared from my screen (12.30 Wednesday). Can you remind me what it was about please.
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oldgrumpy
Member of DD Central
Posts: 5,087
Likes: 3,233
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Post by oldgrumpy on Nov 20, 2013 12:48:34 GMT
It was a security installations company which had decent (not spectacular) figures and credit record, but had been allocated C- risk band. Lenders expressed surprse - asked the company if 11.5% was acceptable. Several questions were deleted or otherwise moderated by FC, then the company's answers started to be deleted or otherwise moderated. The last question I saw yesterday said something like, " Can you tell me what the deleted Q and A problems here have been about, as I will probably invest here at 11.5%, but will you be continuing with such a high rate? "
I remember all this because I was going to put £100 in!!
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Post by chielamangus on Nov 20, 2013 13:15:33 GMT
Ah yes. It was on "my list" - not that I write down anything, relying always on the FC Watchlist. Maybe I shouldn't, but the time/effort to return does not justify keeping my own paperwork.
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pikestaff
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Post by pikestaff on Nov 21, 2013 0:23:06 GMT
There are two un-moderated answers, which answer the question:
20 Nov 2013 09:50 - I've just read the guidelines about comments on answers and where I gave a personal opinion, it is not allowed. My apologies for that. The rating is due to Experian credit score and underwriter's assessment. Hopefully this clarifies things. thank you.
and
A. 20 Nov 2013 10:10 - the q and a was relating to why the case had been given a C- rating. I expressed a comment as to what I felt as the clients broker the rating should be. [emphasis added] the answer is the rating is due to funding circle computer modelling resulting from all information submitted.
Pretty obvious FC would not allow that.
BTW the auction diappeared because the auction result was accepted early. Average rate is 11.524%, with bids at 11.6 and some at 11.7 accepted along with those at 11.5. Not yet drawn but I can still see it in my watchlist. I watchlist all loans that I bid on, until they are either drawn or funds returned.
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