garfield
Member of DD Central
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Post by garfield on Jan 25, 2018 8:33:51 GMT
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stub8535
Member of DD Central
personal opinions only. Not qualified to advise on investment products.
Posts: 1,447 
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Post by stub8535 on Jan 25, 2018 9:52:31 GMT
What happens if I pre fund 5 loans that are coming live at the same time and I have pre funded enough for just 2 of my requests. Will my money all be used in the loans in the order listed? Once used up will my requests for the other loans be counted as pre funded and allocated first or as unfunded? Tagging Paul64Seems you have gone the whole hog already and disadvantaged lenders in spite of your answers on the forum. Yet another example of your arrogance. People have pointed out that, without investor money, you have no business. Please answer my questions from yesterday. If you persist in your action of removing inpl then you need to indicate expected min pre fund to allow investors to minimise cash holdings. This can be dynamic. It will also encourage people to set pre funding to what they want up to the expected figure and not to the gaming levels.
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star dust
Member of DD Central
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Post by star dust on Jan 25, 2018 10:47:32 GMT
Just got a full requested pre-fund allocation with £0 in my account. Must've bought into something very unpopular  . |
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Post by skint4achange on Jan 25, 2018 11:06:06 GMT
Just got a full requested pre-fund allocation with £0 in my account. Must've bought into something very unpopular . You will have to narrow that down a bit on Lendy I am afraid! 
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elliotn
Member of DD Central
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Post by elliotn on Jan 25, 2018 11:18:29 GMT
Just got a full requested pre-fund allocation with £0 in my account. Must've bought into something very unpopular . Do we have any other worked examples yet on the recent launches. Per new2, do they allocate the loan out to cash balances first and then a 2nd bottoms-up on on credit. This might entice some BHs back if they were willing to stick in 1M on a big loan, pick up the remainder of the cash allocation balance and leave any scraps for those on tick.
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star dust
Member of DD Central
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Post by star dust on Jan 25, 2018 12:57:56 GMT
Just got a full requested pre-fund allocation with £0 in my account. Must've bought into something very unpopular . You will have to narrow that down a bit on Lendy I am afraid!
Seems it was more popular than I thought. Same allocation as one of those quoted by people I thought had pulled out of Lendy long ago  .
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mosaic
Member of DD Central
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Post by mosaic on Jan 25, 2018 14:00:24 GMT
Yes, I got £630 whilst I had a zero balance, had asked for a great deal more.
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nick
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Post by nick on Jan 26, 2018 15:16:53 GMT
I've read this update several times and I'm still unclear over what it is actually communicating! Are they now saying that as a first step that they will be writing to repeat offenders to honour their pledges, before enacting their proposed cash preferencing model, or is this just another step/action. I'm increasing left confused by Ly's communications..........
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Post by Paul64 on Jan 26, 2018 15:29:10 GMT
I've read this update several times and I'm still unclear over what it is actually communicating! Are they now saying that as a first step that they will be writing to repeat offenders to honour their pledges, before enacting their proposed cash preferencing model, or is this just another step/action. I'm increasing left confused by Ly's communications.......... Hi nick, we have listened to feedback from investors and decided to approach this in two potential phases. As a first phase we will be writing to those investors who have repeatedly pre-funded but then fail to credit their accounts to match their agreed pledges. We hope this will encourage the majority of these investors to honour their pledges, to the benefit of all investors. If after a trial period we are still seeing a negative impact on the majority of investors we will re-evaluate our proposed cash preferencing policy. I.e. look at whether we still need to implement cash preferencing. I hop that helps. Paul64
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nick
Member of DD Central
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Post by nick on Jan 26, 2018 15:49:37 GMT
I've read this update several times and I'm still unclear over what it is actually communicating! Are they now saying that as a first step that they will be writing to repeat offenders to honour their pledges, before enacting their proposed cash preferencing model, or is this just another step/action. I'm increasing left confused by Ly's communications.......... Hi nick , we have listened to feedback from investors and decided to approach this in two potential phases. As a first phase we will be writing to those investors who have repeatedly pre-funded but then fail to credit their accounts to match their agreed pledges. We hope this will encourage the majority of these investors to honour their pledges, to the benefit of all investors. If after a trial period we are still seeing a negative impact on the majority of investors we will re-evaluate our proposed cash preferencing policy. I.e. look at whether we still need to implement cash preferencing. I hop that helps. Paul64 Thanks Paul64 for clarifying the above.
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SteveT
Member of DD Central
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Post by SteveT on Jan 26, 2018 16:04:25 GMT
I've read this update several times and I'm still unclear over what it is actually communicating! Are they now saying that as a first step that they will be writing to repeat offenders to honour their pledges, before enacting their proposed cash preferencing model, or is this just another step/action. I'm increasing left confused by Ly's communications.......... Hi nick , we have listened to feedback from investors and decided to approach this in two potential phases. As a first phase we will be writing to those investors who have repeatedly pre-funded but then fail to credit their accounts to match their agreed pledges. We hope this will encourage the majority of these investors to honour their pledges, to the benefit of all investors. If after a trial period we are still seeing a negative impact on the majority of investors we will re-evaluate our proposed cash preferencing policy. I.e. look at whether we still need to implement cash preferencing. I hop that helps. Paul64 Many thanks for taking our feedback on board. I firmly hope that, after your "first phase" of writing to the repeat offenders, any "second phase" would start by withdrawing pre-funding privileges from these people specifically, as opposed to making life difficult for your entire lender base.
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treeman
Member of DD Central
Posts: 1,026
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Post by treeman on Jan 26, 2018 18:55:32 GMT
I'm assuming the final deadline for getting funds in place for the new DFL allocations will be the deposit-crediting run Monday morning, given a Saturday go-live................  ? |
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southport
Member of DD Central
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Post by southport on Jan 27, 2018 4:11:05 GMT
I've read this update several times and I'm still unclear over what it is actually communicating! Are they now saying that as a first step that they will be writing to repeat offenders to honour their pledges, before enacting their proposed cash preferencing model, or is this just another step/action. I'm increasing left confused by Ly's communications.......... Hi nick , we have listened to feedback from investors and decided to approach this in two potential phases. As a first phase we will be writing to those investors who have repeatedly pre-funded but then fail to credit their accounts to match their agreed pledges. We hope this will encourage the majority of these investors to honour their pledges, to the benefit of all investors. If after a trial period we are still seeing a negative impact on the majority of investors we will re-evaluate our proposed cash preferencing policy. I.e. look at whether we still need to implement cash preferencing. I hop that helps. Paul64 Aaaarrrggghhh  Got up this morning (I'm 7 hours ahead), saw the go live notice for Edinburgh, transfered a considerable sum (considerable for me) to Lendy only to read that the new prefund model is not being implemented yet. I hope that after I get my probable pittance in this loan that Lendy will reimburse me in a timely manner  . Edit: I take it all back. I got my full prefund amount
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elliotn
Member of DD Central
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Post by elliotn on Jan 27, 2018 10:43:13 GMT
I'm assuming the final deadline for getting funds in place for the new DFL allocations will be the deposit-crediting run Monday morning, given a Saturday go-live................ ? Unless there’s a prob at the bank the automated runs should continue as normal, mine are normally early hours of morning GMT including weekends (although I funded this loan by sales).
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nick
Member of DD Central
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Post by nick on Jan 27, 2018 11:16:45 GMT
I'm assuming the final deadline for getting funds in place for the new DFL allocations will be the deposit-crediting run Monday morning, given a Saturday go-live................ ? Unless there’s a prob at the bank the automated runs should continue as normal, mine are normally early hours of morning GMT including weekends (although I funded this loan by sales). Deposit runs are normally run on a 15-30 min cycle 24/7 unless a probably occurs in which case everything grinds to a halt (fairly rare). I made two deposits this morning, each credited within 5 mins.
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