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Post by westonkevRS on Sept 30, 2014 20:23:18 GMT
Anyways, I've just debit carded and placed an order at 6.5%. Perhaps I'll get lucky before the start of the month payment fill the Market Rate. Or maybe I'll quickly approve a few loans until my lending is matched.... (that's a joke, before anyone accuses me of inside information)
p.s. Borrowers have always been able to choose their DD date and although there is a spike to the 1-3rd of month it isn't that lop-sided. Perhaps our forum members and regular lenders also get paid early in the month, providing more money into the lending pots.
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Post by bracknellboy on Sept 30, 2014 20:55:05 GMT
Well this is what I was greeted with in IE. What do I press after I've entered my amount and rate? There are no buttons! I had to login in Firefox to get the order placed! Also note the overlapping text on the left. I'm no techy, but I understand only IE v9.0 upwards (which I'm led to believe is a pretty old version, with a marginal percentage of UK users) has been coded for on the new RateSetter web site. The new web site has not been "optmised" for IE v8.0 backwards. Please don't shoot the messenger if half the forum is on IE v8! The advice, update your browser... westonkevRS: not shooting the messenger, but always always always be wary of what a bunch of backroom tech developers tell you. Just a general rule.......having worked at the sharp end of the business having to match real world customer reality with the the bubble world that developers sometimes/often live in. However... I'm not surprised its not been optimised for IE8: from my experience that is not uncommon. But I still have good chunks of my business customers that are still locked into IE8. I can't comment for what the ratio of 'retail consumers' are running (or indeed business consumer;s come to that). But I've literally just been reading an article re. the announcement of W10 which makes the point that ~24% of PC desktops are still running on XP - for which MS has either withdrawn support or is about to imminently (think the deadline has been and gone). Of course older versions of products don't give developers such a big jar of novelty sweets to dip into and gorge on........so who cares about the technical demographics of the target consumer. (Bit harsh: those novelty sweets are also enablers, but on the other hand if one cuts oneself off from xx% of your market as a consequence.....
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Post by GSV3MIaC on Sept 30, 2014 21:17:08 GMT
Not sure why anyone would be 'locked in' to IE8, which has more security holes than swiss cheese .. 'locked in to XP' I can understand, since the step down to Vista was gross, and win7 is a big leap sideways, at best.
Yes, XP support (except for catastrophic security holes) is ended .. means my XP systems only get one critical update a month ('MS malicious software removal tool' .. hmm, how about MS malicious software prevention tool? .. oh wait, that's Linux .. Why is MS software malicious anyway?! 8>.) instead of the Vista/Win7 systems which get 10-20 on a good month.
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Post by mrclondon on Sept 30, 2014 22:22:36 GMT
Not sure why anyone would be 'locked in' to IE8, which has more security holes than swiss cheese .. 'locked in to XP' I can understand, since the step down to Vista was gross, and win7 is a big leap sideways, at best. The big multi-national corporations put many thousands of manhours into building and testing a standard desktop and laptop image, then in the space of a couple of months provide everyone of their (e.g.) 20,000 employees and contractors worldwide with a new desktop / laptop with the standard image on it. That is then used for between 5 and 8 years before the cycle repeats itself. These images are normally "locked down" to prevent any software installation by end users, and a request has to be made for IT to install specific applications as required. It is not normal to find firefox / chrome on such a locked down desktop / laptop because such companies prefer to use the microsoft update service (or more normally corporate derivitives thereof) to patch pc's automatically without the overhead of having to write an update script eveytime a new firefox release is made. Over the last 12 months many companies have embarked on a XP to Windows 7 migration, but like bracknellboy I still have several of my clients running XP (and its Server equivalent 2003). Indeed I myself have a couple of locked down Win XP + IE8 laptops issued to me by clients to access their network remotely (by VPN).
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Post by p2plender on Oct 1, 2014 12:42:32 GMT
Can you fund RS account via a credit card?
Keep being dazzled with offers of x amount of years of free interest drivel. Just curious as never thought about this.
Edit: I do recall some chap on MSE once had 50k from free interest credit cards earning him a nice few quid, a rate tart or something they call themselves.
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Investor
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Post by Investor on Oct 1, 2014 15:10:22 GMT
Can you fund RS account via a credit card? Keep being dazzled with offers of x amount of years of free interest drivel. Just curious as never thought about this. Edit: I do recall some chap on MSE once had 50k from free interest credit cards earning him a nice few quid, a rate tart or something they call themselves. The technical term for this is Stoozing. Less profitable now than it used to be but still have quite a few cards with 22-24 months free money on them. Would not be able to pay it directly into RS as there would be a cash transfer fee for that but my much better half does have a free new kitchen that I wont be paying for until September 2016, and the £25k to fund that just happens to be floating in marinas around the country earning 12%. Hence once it comes around to paying the CC off I should be about 6K to the good. Simple figures as the CC companies do take a minimum payment by DD each month but that does not have a significant effect on the numbers. Other key frustration is a lot of companies charging c2.5% for CC transactions so have to make sure you avoid that to protect from profit erosion. Edit: Although 13k of this is on a Santander 123 card so every time they take the minimum payment I just top it up by filling the car up and getting 3% cashback on that purchase which more than clears the CC annual charge.
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Post by bracknellboy on Oct 1, 2014 15:39:35 GMT
The big multi-national corporations put many thousands of manhours into building and testing a standard desktop and laptop image, then in the space of a couple of months provide everyone of their (e.g.) 20,000 employees and contractors worldwide with a new desktop / laptop with the standard image on it. ... With a few of my customers, I can only wish they could manage to roll out their 'desktop re-life' in a matter of a couple of months......or indeed had stuck with original plan of IE9 on W7 as standard rather than backtrack to IE8 to defer some costs of re-validating/updating some of their internal applications....
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Post by batchoy on Oct 1, 2014 16:41:54 GMT
The big multi-national corporations put many thousands of manhours into building and testing a standard desktop and laptop image, then in the space of a couple of months provide everyone of their (e.g.) 20,000 employees and contractors worldwide with a new desktop / laptop with the standard image on it. ... With a few of my customers, I can only wish they could manage to roll out their 'desktop re-life' in a matter of a couple of months......or indeed had stuck with original plan of IE9 on W7 as standard rather than backtrack to IE8 to defer some costs of re-validating/updating some of their internal applications.... What's a desktop/laptop? I have everybody on zero clients and mobile zero clients with locked down virtual desktops on a Server 2012 Citrix server farm.
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Post by GSV3MIaC on Oct 1, 2014 17:30:40 GMT
I guess that finally makes it impossible to 'repair' the defective (locked down) XP installation by booting from DVD/USB stick (having bolt cut the case lock, and reset the BIOS password). You meanie you!!!
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Post by geoffrey on Oct 2, 2014 15:28:50 GMT
What's a desktop/laptop? I have everybody on zero clients and mobile zero clients with locked down virtual desktops on a Server 2012 Citrix server farm. So, when the network goes down everyone gets a holiday ... I'm sure it's a very popular policy. Oops, drifting off topic now. About that spike.... seems to have flattened itself now.
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Post by batchoy on Oct 2, 2014 15:52:08 GMT
What's a desktop/laptop? I have everybody on zero clients and mobile zero clients with locked down virtual desktops on a Server 2012 Citrix server farm. So, when the network goes down everyone gets a holiday ... I'm sure it's a very popular policy. Oops, drifting off topic now. About that spike.... seems to have flattened itself now. Pretty much only thing that would take the network down is a site wide power cut, there is so much resilience built in that you need to have multiple points of failure to take it down
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Post by westonkevRS on Nov 6, 2014 6:47:00 GMT
I just failed the RateSetter Lenders prisoner dilemma... I broke ranks and took 5.9%. Sorry.
Kevin.
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Post by jackpease on Nov 6, 2014 8:17:41 GMT
I just failed the RateSetter Lenders prisoner dilemma... I broke ranks and took 5.9%. Sorry. Kevin. It's been lower for a long time for sure - last time I buckled it shot up the following day. Wonder whether sub 6% is here to stay! There's a lot of wobbles on other platforms that may be driving people to the safety of RS and FC JP
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oldgrumpy
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Post by oldgrumpy on Nov 6, 2014 10:13:16 GMT
I just failed the RateSetter Lenders prisoner dilemma... I broke ranks and took 5.9%. Sorry. Kevin. Success for you but not for me! I set "my rate" (despite your dislike) at 5.9% yesterday evening. Despite that, RS has seen fit to ignore my setting (which is still there) and put this morning's repayments in at 6.0% near the back of a £1.2M queue! Why? I wanted to offer 5.9% because I could see what a huge pile would be in 6% today. I accept having to check every day to make sure "my rate" is appropriate; that's my choice. I object to having to check every day to see if RS has actually done what I asked. You may be a nice guy Kev, but RS is making me grumpy again. I have now cancelled my order and made a new one at 5.9%!
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markr
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Post by markr on Nov 6, 2014 13:18:36 GMT
It's difficult to design a simple algorithm that works with any input data, especially when the definition "works" is a fairly nebulous concept that depends on a user's perception. I expect the MR algorithm worked as designed but the input data was an edge case; there was about £1m at 6.0% and some loose change at 5.9 or below. The MR algorithm did it's stuff, discounting the lowest 1% of bids, which discarded the shrapnel and set the MR at 6.0% where it duly placed all that days MR orders, at the back of a £1m queue. We've already discussed one way that rogue input data can cause undesirable results (where a sufficiently large order placed at a low rate can drag the MR down to that rate), this is just another example.
RS could attempt to add layers of complexity to account for these cases, or they can just say "This is the algorithm, it is what it is and sometimes it doesn't do what you'd like but that's because it's a stupid computer and you're a smart gorilla".
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