trium
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Post by trium on Apr 24, 2019 18:43:47 GMT
Is it just me or is it a real pain wading through dozens of updates to keep finding notifications of tranche drawdowns? I have to open the loan, click the activity tab, curse three times, reload the entire loan book (data usage concerns for me as well as a tedious wait) then try and remember where in the list I was up to. The only reason I can think of for caring two hoots about a tranche drawdown is that another credit report and MS report will be available - surely this can be communicated some other way. All too often I miss important information because one too many TD notices has expired my patience and I've gone the pub.
Incidentally, from today's updates #891 has again snuck in a Tranche Drawdown masquerading as a Lender Update but I spotted it, though I nearly missed the update on #738 which was hiding under a Tranche Drawdown heading. Their way of making sure we're paying attention I suppose.
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SteveT
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Post by SteveT on Apr 24, 2019 19:07:11 GMT
IIRC, the drawdown updates were added in response to myriad lender questions / complaints about loans being suspended from trading (to process the drawdown) without explanation.
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trium
Member of DD Central
Posts: 384
Likes: 304
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Post by trium on Apr 24, 2019 19:46:18 GMT
That figures. Perhaps then the preferred option might be to separately identify suspensions due to problems with the loan and temporary suspensions to process drawdowns, repayments, lender votes etc
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Post by Ace on Apr 24, 2019 19:56:19 GMT
Is it just me or is it a real pain wading through dozens of updates to keep finding notifications of tranche drawdowns? I have to open the loan, click the activity tab, curse three times, reload the entire loan book (data usage concerns for me as well as a tedious wait) then try and remember where in the list I was up to. The only reason I can think of for caring two hoots about a tranche drawdown is that another credit report and MS report will be available - surely this can be communicated some other way. All too often I miss important information because one too many TD notices has expired my patience and I've gone the pub. Incidentally, from today's updates #891 has again snuck in a Tranche Drawdown masquerading as a Lender Update but I spotted it, though I nearly missed the update on #738 which was hiding under a Tranche Drawdown heading. Their way of making sure we're paying attention I suppose. No, you're not the only one. I agree with you whole heartedly. Keeping track of my investments on AC is the most laborious and time consuming of all my P2P platforms. If they ever bury bad news in an MS report it's hit and miss whether or not I find it. I do really like AC, and they are somewhat a victim of their own success in that I find so many loans to interest me, but I do sometimes wonder whether it's worth all the admin. To be constructive, two features that I would like most are: 1) host the documents and reports online so that they can be instantly clicked on and read, rather than me having to download them. 2) provide a way for me to return to my list of loans in exactly the state it was in before I (often accidentally) clicked on a loan to examine it's details (especially, make sure that the list retains its previous primary and secondary sort criteria - not just the primary). Edit: Oh, and as begged for many times before; please please please allow me to share notes between my ISA and standard accounts.
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Post by danielbird193 on Apr 26, 2019 13:21:43 GMT
I like the fact that AC update the credit report and, importantly, show the monitoring surveyor's report for each tranche. This allows you to keep an eye on development loans as they progress, and gives an early indication of any potential problems.
I agree, however, that there might be a different way of presenting this to differentiate routine updates (e.g. tranche drawdowns) from updates of concern (e.g. loan covenants breached). Perhaps something as simple as colour-coded updates (green for a tranche drawdown or a covenant test which has been passed, amber for early indications of distress, red for updates on loans which are distressed).
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