treeman
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Post by treeman on Jan 27, 2018 11:42:31 GMT
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. Thanks - it's so long since I've had to deposit any money I'd forgotten the new auto-deposit system. I've still got some bits near the front of queues so I'll see how it goes and settle the balance this evening. Don't want to end up on the naughty step - might be a bit crowded on there come Monday ..............
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elliotn
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Post by elliotn on Jan 27, 2018 12:07:32 GMT
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. Thanks - it's so long since I've had to deposit any money I'd forgotten the new auto-deposit system. I've still got some bits near the front of queues so I'll see how it goes and settle the balance this evening. Don't want to end up on the naughty step - might be a bit crowded on there come Monday .............. The sales queues would suggest you might be right!
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SteveT
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Post by SteveT on Jan 27, 2018 12:33:38 GMT
Anyone relying on being able to sell down existing loans after a new pre-fund has been allocated is asking for trouble, IMHO. Look at DFL030, 340 days remaining and minimal availability until yesterday, now with £108k queued to sell.
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gustapher
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Post by gustapher on Jan 27, 2018 12:50:32 GMT
Anyone relying on being able to sell down existing loans after a new pre-fund has been allocated is asking for trouble, IMHO. Look at DFL030, 340 days remaining and minimal availability until yesterday, now with £108k queued to sell. Yeah - I guessed totally wrong. I thought there would be a lot more investors in the last DFL and the 200+ day queues this morning would be gone. Investor numbers on the platform must have dropped significantly.
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izigor
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Post by izigor on Jan 27, 2018 12:57:40 GMT
Hi everyone, can you answer me this question please:
If I have requested and received a prefund of £5000 (because I was confident or thought I would be able to sell enough over-200 remaining days loan in time). However, say my cash balance was currently around £4200 and none of my loans gets sold or deposit reach £5000 within 24 hours, do I lose the whole £5000 fund in the new loan or will it only cancel the £800?
oh and the 24hrs available to fund, is that during a working day .. or this ticks during non-working days too?
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treeman
Member of DD Central
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Post by treeman on Jan 27, 2018 13:02:15 GMT
Anyone relying on being able to sell down existing loans after a new pre-fund has been allocated is asking for trouble, IMHO. Look at DFL030, 340 days remaining and minimal availability until yesterday, now with £108k queued to sell. For sure, I was about 70% pre-covered by sales. Other bits still moving albeit slowly. Top up whatever's left won't be an issue.........
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stub8535
Member of DD Central
personal opinions only. Not qualified to advise on investment products.
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Post by stub8535 on Jan 27, 2018 13:15:04 GMT
Any e mail I recieve before Tuesday will be met with a robust response. I await funds from 3 other platforms to reach my account before my pre fund allocation can be paid. Introduction of a loan on Saturday needs some leeway on settling the account by Monday.
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jcb208
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Post by jcb208 on Jan 27, 2018 15:18:53 GMT
Hi everyone, can you answer me this question please: If I have requested and received a prefund of £5000 (because I was confident or thought I would be able to sell enough over-200 remaining days loan in time). However, say my cash balance was currently around £4200 and none of my loans gets sold or deposit reach £5000 within 24 hours, do I lose the whole £5000 fund in the new loan or will it only cancel the £800? oh and the 24hrs available to fund, is that during a working day .. or this ticks during non-working days too? They will deduct what you pefunded from the available balance so you will loose £800 of the prefunded loan and maybe go in there naughty book 
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elliotn
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Post by elliotn on Jan 27, 2018 16:39:55 GMT
Hi everyone, can you answer me this question please: oh and the 24hrs available to fund, is that during a working day .. or this ticks during non-working days too? Faster Payment System and Lendy’s automated deposits available 24/7 to pay within the 24 hours. Trickier for overseas bank holders.
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izigor
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Post by izigor on Jan 27, 2018 21:04:03 GMT
Hi everyone, can you answer me this question please: oh and the 24hrs available to fund, is that during a working day .. or this ticks during non-working days too? Faster Payment System and Lendy’s automated deposits available 24/7 to pay within the 24 hours. Trickier for overseas bank holders. Thanks for the reponses. It wasn't so much the Lendy's deposit that is the hold-up at the minute. I've requested transfers from ReBS and Funding Secure and neither has reached my bank account yet. Either would have filled the gap in the pre-fund but neither looks likely within 24 hours. Lendy is already in my bad books, so I don't care so much about being in theirs, but the whole thing about investing with Lendy is becoming more and more investor unfriendly and cumbersome. And yet they claim it was all driven from feedback from investors. Who ARE those investors?!? It's like turkeys have been requesting extended dinners for xmas.. So they had 48hrs to provide funding, that was too much and couldn't get any sleep. So they fired up their laptops, went online wrote an influencing and impressive request to Lendy demanding they reduce the time allowed to 24 hours.
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Post by supernumerary on Jan 28, 2018 10:07:29 GMT
Anyone relying on being able to sell down existing loans after a new pre-fund has been allocated is asking for trouble, IMHO. Look at DFL030, 340 days remaining and minimal availability until yesterday, now with £108k queued to sell. Just gone 10am, Sunday 27th January 2018, that figure is now £140,121... 
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jcb208
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Post by jcb208 on Jan 28, 2018 10:26:31 GMT
I am not surprised how 1 new loan can increase the availability on the SM so much these days as a lot of people have either got out or reduced there investment on the platform. I sold enough loan parts Friday night to make way for what I requested on DFL033 as I guessed the queues would increase, looks like this will be the norm and here to stay until a biggie like DFL05 repays
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Post by skint4achange on Jan 28, 2018 10:40:39 GMT
I think that even if the overdue flat in C****e London pays up, most of that SM will disappear. I think people are just too far in at the moment to put in more.
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ingwer
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Post by ingwer on Jan 28, 2018 14:42:33 GMT
Hi everyone, can you answer me this question please: If I have requested and received a prefund of £5000 (because I was confident or thought I would be able to sell enough over-200 remaining days loan in time). However, say my cash balance was currently around £4200 and none of my loans gets sold or deposit reach £5000 within 24 hours, do I lose the whole £5000 fund in the new loan or will it only cancel the £800? oh and the 24hrs available to fund, is that during a working day .. or this ticks during non-working days too? They will deduct what you pefunded from the available balance so you will loose £800 of the prefunded loan and maybe go in there naughty book Hi When this happened to me the whole investment went leaving me with a healthy balance that I withdrew to somewhere else. I raised a complaint and they basically said "tough - thems the rules" So check with Lendy - might need to wait 3 weeks for a reply though. Regards
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acky
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Post by acky on Jan 28, 2018 14:56:46 GMT
Any e mail I recieve before Tuesday will be met with a robust response. I await funds from 3 other platforms to reach my account before my pre fund allocation can be paid. Introduction of a loan on Saturday needs some leeway on settling the account by Monday. If you don't have the cash available, don't pre-fund - simples!
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