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Post by Ace on Mar 18, 2020 12:25:12 GMT
Just what I needed; "Site is currently down for scheduled maintenance and upgrades". If it was "scheduled" you'd have thought they might have forewarned us, especially given the current environment. Almost certainly a holding message while they work out what to tell us. They were obviously going to run out of cash today if there weren't any repayments. I'm happy to ride it out with Loanpad given the strength of their security.
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archie
Posts: 1,866 
Likes: 1,861
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Post by archie on Mar 18, 2020 12:28:41 GMT
Just what I needed; "Site is currently down for scheduled maintenance and upgrades". If it was "scheduled" you'd have thought they might have forewarned us, especially given the current environment. I had that message yesterday around this time of day. It was okay later in the afternoon.
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baldpate
Member of DD Central
Posts: 549
Likes: 407
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Post by baldpate on Mar 18, 2020 14:49:20 GMT
As archie says it happened yesterday at about the same time, and was also unannounced.
Whilst I am of the same mind as Ace at the moment, in the current fraught environment (economic damage from virus & high-profile platform failures) many lenders will be feeling twitchy and such events as these unexplained outages do NOT make for confidence.
So please take note, Loanpad - advance notice or explanation of these outages should be given if you care at all about keeping your lenders on-side.
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Post by Ace on Mar 18, 2020 14:55:25 GMT
I can log in now. Still says that sales are expected to take less than 1 day!
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Post by Loanpad on Mar 18, 2020 15:32:58 GMT
Hi all. The reason the platform was down for a brief period today/yesterday was that we noticed a small bug. We thought we had fixed it yesterday but alas it reappeared today. It has now been fixed.
When the site is down if you log in there is a message with a contact number and email address, and you can also speak to us via Live Chat. So please do not be alarmed if the site is taken down from time to time, especially around midday when any bugs are most likely to materialise.
With all that said, we totally accept that in these uncertain times we should have put a more specific message up to allay any concerns. Please accept our apologies for any concern this caused.
As to the comments around access times. To date we have funded all withdrawals as requested but of course we cannot guarantee access times and it is entirely possible that there may be delays in times like these. If we anticipate any delays we will update the “estimated time to sell” that is shown in Live Data. We have some repayments anticipated over the next few days of ~ £1m and withdrawals do appear to have slowed down.
We believe Loanpad remains a great place to invest especially given current volatility and we still believe we merit a place in most investors' portfolio.
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littleoldlady
Member of DD Central
Running down all platforms due to age
Posts: 3,045
Likes: 1,862
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Post by littleoldlady on Mar 19, 2020 16:51:18 GMT
Just what I needed; "Site is currently down for scheduled maintenance and upgrades". If it was "scheduled" you'd have thought they might have forewarned us, especially given the current environment. I'm happy to ride it out with Loanpad given the strength of their security. I've had to withdraw most of my funds as I will need them on short notice for my daughter's impending property purchase and can't risk them being frozen. However I also have no concerns about the security and will return as soon as I can.
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benaj
Member of DD Central
N/A
Posts: 5,619
Likes: 1,741
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Post by benaj on Mar 19, 2020 16:55:43 GMT
I still have active investment with this platform. Daily interest paid as normal.
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Post by nooneere on Mar 19, 2020 17:48:48 GMT
There is a thought-provoking article on 'Explore P2P' explorep2p.com/coronavirus/ about which platforms are most at risk from coronavirus. It conversely suggests that the survivor P2P platforms could be one of the best investment options available right now (there isn't much contest of course!). LP is one of only 4 British platforms highlighted as being in the elite safer group. I don't have much else in my wider portfolio showing positive returns this year, and I am definitely staying put. |
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Post by Ace on Mar 24, 2020 13:05:24 GMT
I'm impressed with how Loanpad are weathering the storm so far. After an inevitable spate of withdrawals, both their investor numbers and total funds are now growing again. The amount of free cash in the accounts has gone from virtually zero to nearly £200k in under a week. Well done Loanpad.
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benaj
Member of DD Central
N/A
Posts: 5,619
Likes: 1,741
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Post by benaj on Mar 24, 2020 13:10:51 GMT
Yes, definitely deserve more 5* reviews.
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Ukmikk
Member of DD Central
Posts: 452
Likes: 306
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Loanpad
Mar 24, 2020 15:22:23 GMT
via mobile
Post by Ukmikk on Mar 24, 2020 15:22:23 GMT
Things might change if construction workers are banned from working.
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littleoldlady
Member of DD Central
Running down all platforms due to age
Posts: 3,045
Likes: 1,862
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Post by littleoldlady on Mar 24, 2020 18:16:52 GMT
Things might change if construction workers are banned from working. I don't know about a ban but many of the big companies have announced a shutdown on their own account.
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Greenwood2
Member of DD Central
Posts: 4,385
Likes: 2,784
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Post by Greenwood2 on Mar 29, 2020 15:33:02 GMT
Things might change if construction workers are banned from working. I don't know about a ban but many of the big companies have announced a shutdown on their own account. But others are apparently leaning on sub-contractors (nothing new there) saying they will be fired if they don't keep working! There needs to be some clarity from government to protect sub-contractors.
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Post by Ace on Apr 7, 2020 15:46:17 GMT
Following the repayment of 9629500 yesterday there is now ~£274k of free cash on the platform. Amazing liquidity compared with most other platforms. Well done Loanpad, especially in the present circumstances. |
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upperdeane
Member of DD Central
Posts: 493
Likes: 245
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Post by upperdeane on Apr 8, 2020 18:04:26 GMT
Following the repayment of 9629500 yesterday there is now ~£274k of free cash on the platform. Amazing liquidity compared with most other platforms. Well done Loanpad , especially in the present circumstances. I Ace. Where do i see these figures (free cash)? I cant see it on this page? www.loanpad.com/user/isa/my-loanbook/live-dataCheers
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