|
|
Post by jevans4949 on Aug 12, 2014 16:56:38 GMT
When the April cashback was running I put in bids for Red**** and Aber*******, which were subsequently reverted to pre-bid status. Since there was no indication of when these would draw down, I used the money that was lying idle in my account to bid for / buy other units. As a result, I now have bids for £20-odd on each, rather than the 3 * £100 which I had hoped for.
In the future, can pre-bidders have email notification in time to be able to transfer funds across by normal "faster payments" in cases where loans which have been reverted to pre-bid are about to go live? It's probably not necessary in the normal pre-bid scenario, but in these cases punters can't be expected to check daily for 3 months for updates on the individual loans - especially when there are so many false dawns.
I only got wind of the Red**** situation from comments posted on this board by other investors. I put in a transfer from my bank immediately, but apparently to no avail; my pre-bids no longer stand.
|
|
unmadem
Member of DD Central
Posts: 377 
Likes: 181
|
Post by unmadem on Aug 13, 2014 9:05:30 GMT
I agree it would be a good idea to send an email for those postponed loans a couple of days before.
I am in the same situation, having lost prebids as no free funds at the time it went live. I did think prebids would kick in when funding arrived (in my case a few hours after auction opened). But perhaps I am mis-remembering how it operated.
It was stated in April that cashback would be paid on the loans (including r*dr*th, auction 88) whenever they drawdown by andrewholgate. So presumably any investment now will still get this. However given so much time has passed it would be useful if andrewholgate could state if R*dr*th will still attract the April cashback or not.
|
|
|
|
Post by chris on Aug 13, 2014 9:13:00 GMT
Prebids used to convert when funds arrived but with the advent of AI that behaviour was superseded and prebids now do not continue to check for funds after that first attempt to convert them. Redruth still qualifies although I'd need andrewholgate to confirm whether it's bids that make it into the auction now or bids placed at the time. Notifications for prebids is resolved in the new platform. |
|
|
|
Post by Ton ⓉⓞⓃ on Aug 13, 2014 11:14:23 GMT
Prebids used to convert when funds arrived but with the advent of AI that behaviour was superseded and prebids now do not continue to check for funds after that first attempt to convert them. Redruth still qualifies although I'd need andrewholgate to confirm whether it's bids that make it into the auction now or bids placed at the time. Notifications for prebids is resolved in the new platform. It would be nice if you bore in mind that some people cancelled their pre-bids in these loans as it stopped AI picking up units on the AM... IN EDIT It was of course these loans that highlighted the issue in the first place. Which you fixed by having the system ignore pre-bids in loans that didn't have dates AIUI 
|
|
|
|
Post by chris on Aug 13, 2014 11:17:56 GMT
Prebids used to convert when funds arrived but with the advent of AI that behaviour was superseded and prebids now do not continue to check for funds after that first attempt to convert them. Redruth still qualifies although I'd need andrewholgate to confirm whether it's bids that make it into the auction now or bids placed at the time. Notifications for prebids is resolved in the new platform. It would be nice if you bore in mind that some people cancelled their pre-bids in these loans as it stopped AI picking up units on the AM... We can't tell which were cancelled for that reason or for other reasons so not much we could do automatically. In edit: correct
|
|
unmadem
Member of DD Central
Posts: 377
Likes: 181
|
Post by unmadem on Aug 18, 2014 6:57:55 GMT
Prebids used to convert when funds arrived but with the advent of AI that behaviour was superseded and prebids now do not continue to check for funds after that first attempt to convert them. Redruth still qualifies although I'd need andrewholgate to confirm whether it's bids that make it into the auction now or bids placed at the time. Notifications for prebids is resolved in the new platform. What are your thoughts on this andrewholgate ? I am hoping bids placed now are included as I lost my prebids since no money in account at the point it went live.
|
|
spockie
Member of DD Central
Posts: 299 
Likes: 84
|
Post by spockie on Aug 18, 2014 7:30:57 GMT
It's stated in the Q&A section somewhere that it will be the original bidders who get the compensation.
|
|
unmadem
Member of DD Central
Posts: 377
Likes: 181
|
Post by unmadem on Aug 18, 2014 14:58:34 GMT
It's stated in the Q&A section somewhere that it will be the original bidders who get the compensation. I cannot see anything. My question is about the April cashback scheme specifically There is a question asked On 1st Jul 2014 at 14:30 about the compensation due for delayed drawdown. Might it be this you have seen ? or am I just going blind.
EDIT just spotted this under recent activity "Lender Cashback
Further to our Drawdown Update dated 16/06/2014 we can confirm that lenders who bid on the original loan will have a payment equivalent to 3% per annum covering 4 weeks credited to their accounts on drawdown. "
Which I am guessing what spockie was referring too. But still doesn't answer the question regarding the april cash back scheme
|
|
