unmadem
Member of DD Central
Posts: 377 
Likes: 181
|
Post by unmadem on Oct 20, 2014 12:08:49 GMT
It would be a very easy IT change to allow us to set our own rollover default preferences.
|
|
j
Member of DD Central
Penguins are very misunderstood!
Posts: 2,188
Likes: 540
|
Post by j on Oct 20, 2014 16:01:03 GMT
I recall savingstream applied a first 24hr bid limit on a couple of loans a few months ago. Ones which were smaller in size than the BLs recently offered. Is this still the case, as it doesn't seem to have been applied to the recent 'small' boaty loans? |
|
ramblin rose
Member of DD Central
“Some people grumble that roses have thorns; I am grateful that thorns have roses.” — Alphonse Karr
Posts: 1,370
Likes: 857
|
Post by ramblin rose on Oct 20, 2014 16:07:58 GMT
I recall savingstream applied a first 24hr bid limit on a couple of loans a few months ago. Ones which were smaller in size than the BLs recently offered. Is this still the case, as it doesn't seem to have been applied to the recent 'small' boaty loans? I believe that was on new loans - the recent ones have been renewals, which are treated differently, presumably to give original lenders a chance to recycle their money (as is the case with FS).
|
|
mikes1531
Member of DD Central
Posts: 6,453
Likes: 2,320
|
Post by mikes1531 on Oct 20, 2014 21:39:18 GMT
I recall savingstream applied a first 24hr bid limit on a couple of loans a few months ago. Ones which were smaller in size than the BLs recently offered. Is this still the case, as it doesn't seem to have been applied to the recent 'small' boaty loans? I believe that was on new loans - the recent ones have been renewals, which are treated differently, presumably to give original lenders a chance to recycle their money (as is the case with FS). If savingstream are going to change their policy on renewals to allow existing lenders first crack at them, they can do that. But I think they ought to tell us of the policy change. I've been selling parts of loans with short terms remaining so that I don't end up a large lumps of cash when they mature. This didn't cause me a problem under SS's stated policy of treating renewals as new loans, but I'm at a disadvantage now if they've changed to giving existing investors preferential rights. So it's important for SS to state what their policy is. We can't make sensible decisions if we don't know what the rules are. If existing lenders are going to get preference, then SS ought to look at what's going to be left available to others and set investment limits based on that. If 80% of the lenders in a £25k boat loan want to renew, then there needs to be a limit placed on investments in the remaining £5k that will be left for others. Or maybe not even for others, since existing lenders find out first that a renewal is coming up and are in a better position to pounce when it does. With no limit on investment in the remaining £5k, there'd be a good chance it would go to a few -- or even less -- of the existing investors.
|
|
