sb
Posts: 166 
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Post by sb on Mar 2, 2020 20:33:09 GMT
Is the peerberry website down again?
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benaj
Member of DD Central
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Posts: 5,591
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Post by benaj on Mar 2, 2020 20:40:26 GMT
Is the peerberry website down again? Nope, it's working fine. Over 4000 loans available. 100 from Poland, 1600 from Kazakhstan , 800 from Russia, 1800 from Ukraine
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sb
Posts: 166
Likes: 118
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Post by sb on Mar 2, 2020 20:52:49 GMT
Is the peerberry website down again? Nope, it's working fine. Over 4000 loans available. 100 from Poland, 1600 from Kazakhstan , 800 from Russia, 1800 from Ukraine Now it works. It is hard to trust them if their system is so flaky.
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Post by nesako on Mar 3, 2020 9:01:09 GMT
I was frustrated that I had thousands uninvested, yet there were loans listed as available that matched my auto-invest criteria. Peerberry support explained that the system visited auto-invest requests in the order that they are set up, i.e. if you created yours a year ago, it would be at the tail end of the matching run. This didn't exactly answer my question but was interesting information. Peerberry is a one company platform. Lendermarket is also a one company platform and has an effective auto-invest and no cash drag. Just saying. They said to me that any new auto-invest rules will take a while to trigger as priority is given to older rules (i.e. you join at the back). They also said that I should change my rules to include all lenders and increase maximum per loan value. After reviewing some of the lender history (or the lack of), I am not following this advise and neither should anyone who does not know what they are doing. I managed to avoid all lenders which got in trouble on Mintos so far, by not just "blindly" investing everywhere.
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benaj
Member of DD Central
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Posts: 5,591
Likes: 1,735
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Post by benaj on Mar 3, 2020 9:25:36 GMT
I was frustrated that I had thousands uninvested, yet there were loans listed as available that matched my auto-invest criteria. Peerberry support explained that the system visited auto-invest requests in the order that they are set up, i.e. if you created yours a year ago, it would be at the tail end of the matching run. This didn't exactly answer my question but was interesting information. Peerberry is a one company platform. Lendermarket is also a one company platform and has an effective auto-invest and no cash drag. Just saying. They said to me that any new auto-invest rules will take a while to trigger as priority is given to older rules (i.e. you join at the back). They also said that I should change my rules to include all lenders and increase maximum per loan value. After reviewing some of the lender history (or the lack of), I am not following this advise and neither should anyone who does not know what they are doing. I managed to avoid all lenders which got in trouble on Mintos so far, by not just "blindly" investing everywhere. I understand the priority bit, but it doesn't explain why there are so many available loans not being picked up.
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Post by nesako on Mar 4, 2020 12:08:20 GMT
They said to me that any new auto-invest rules will take a while to trigger as priority is given to older rules (i.e. you join at the back). They also said that I should change my rules to include all lenders and increase maximum per loan value. After reviewing some of the lender history (or the lack of), I am not following this advise and neither should anyone who does not know what they are doing. I managed to avoid all lenders which got in trouble on Mintos so far, by not just "blindly" investing everywhere. I understand the priority bit, but it doesn't explain why there are so many available loans not being picked up. I could not get this confirmed by them, but I can see they limit to 10 loans per auto-invest run per originator. I had 700 "matching" loans and still only got invested in 10... then same happened later with another rule for different country I had set-up (over 1K matching, but only invested in 10). I believe this is their way to ensure everyone gets some loans from auto-invest, though it does not work very well due to auto invest only getting triggered once per day....
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Ukmikk
Member of DD Central
Posts: 452
Likes: 306
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Post by Ukmikk on Mar 4, 2020 18:47:56 GMT
I understand the priority bit, but it doesn't explain why there are so many available loans not being picked up. I could not get this confirmed by them, but I can see they limit to 10 loans per auto-invest run per originator. I had 700 "matching" loans and still only got invested in 10... then same happened later with another rule for different country I had set-up (over 1K matching, but only invested in 10). I believe this is their way to ensure everyone gets some loans from auto-invest, though it does not work very well due to auto invest only getting triggered once per day.... Except for the first time AI runs? As I said, I got 30 loans on first hit.
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Post by nesako on Mar 7, 2020 16:02:39 GMT
I could not get this confirmed by them, but I can see they limit to 10 loans per auto-invest run per originator. I had 700 "matching" loans and still only got invested in 10... then same happened later with another rule for different country I had set-up (over 1K matching, but only invested in 10). I believe this is their way to ensure everyone gets some loans from auto-invest, though it does not work very well due to auto invest only getting triggered once per day.... Except for the first time AI runs? As I said, I got 30 loans on first hit. 30 loans from the same originator in one hit? or 30 loans spread across multiple (quite possibly 3 different) originators? well, regardless the logic they use is not great at all...
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Post by captainconfident on May 10, 2020 14:12:07 GMT
I notice that at the moment if you bung a thousand into Twino, Viainvest, Lendermarket, it gets lent straight out as you'd expect in the current circumstances. Hence this post to restate how annoying Peerberry is.
I'm pretty certain that Peerberry is one of the most financially stable sites in the EU, but time and again their weekly summary pops up in my inbox showing 10%+ of my holding uninvested. And you may think, this is just a case of periodicity of a bunch of these short term loans maturing at once - it'll be all invested by tomorrow. No it won't. Their auto invest function is just as corrupted and useless as ever in spite of reassurances from the company that they'll fix it. So as they push their silver gold and platinum loyalty programme, I'm moving money off the platform simply because they fail to reinvest it and will not address their own problems.
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