warn
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Curmudgeon
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Post by warn on Oct 25, 2014 12:22:52 GMT
Remember all balances are now to 20 decimal places, so a 1p holding can still generate a fraction of a penny return for you. Those fractions will add up over time across all investments on all loans until you have a whole penny. Look after the fractions, and the pence will take care of themselves, as my gran-nerd might have said.
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sqh
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Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
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Post by sqh on Oct 25, 2014 13:43:15 GMT
Hi Chris, When you switched software some of my amortizing loans had discrepancies of a few pence, always to the downside. I assume that discrepancies to the upside got redistributed as shrapnel to other investors. I thought you were working on correcting the problem because loan #24 was corrected on Thursday, but by Friday is had de-corrected and incidentally became less obvious when a principal repayment was made.
It seems my Mini Loanpart Implusive Accumulator is working hard to buy back these morsels, but at my cost. What is being done to resolve the issue?
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mikes1531
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Post by mikes1531 on Oct 25, 2014 16:29:25 GMT
If you have no other 12.7% parts (for example) ... At this point I can no longer tell how many 12.7% parts -- or any other rate parts -- I have. I consider that to be a shortcoming that needs to be fixed.
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tonyr
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Post by tonyr on Oct 25, 2014 16:44:52 GMT
Remember all balances are now to 20 decimal places, so a 1p holding can still generate a fraction of a penny return for you. Those fractions will add up over time across all investments on all loans until you have a whole penny. Look after the fractions, and the pence will take care of themselves, as my gran-nerd might have said. It may only be cosmetic, but the site is not showing the correct decimals. I made a sale today that says: 24th Oct 2014 at 14:50 Sale of loan part 918184 (new id 919679) for 10.04 GBP .... and the Credit/Debit column shows £10.03 and hover over also shows £10.03000000000...
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mikes1531
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Post by mikes1531 on Oct 25, 2014 16:50:05 GMT
There is a question over what should be displayed there. At the moment it's showing number of months until the final payment is due. Should it factor in repayments that have yet to be settled and show the greatest of payments remaining or months remaining? I think basing the entry on time alone should be fine. But whereas it used to be easy to tell when the next -- or last -- payment was due because the drawdown date was shown, now that info is harder to come by. Being told that a loan has 0/12 months remaining says only that the final payment is due some time between today -- or is that tomorrow? -- and four weeks from now. It would be a lot more useful if the maturity date were visible on that first page rather than making users dig into the repayments schedule to find that out. Having the specific date also would make it easy to spot loans with payments due in the next day or two, and those which should have made a payment recently. The question chris raised above comes up only because some payments do not arrive exactly when expected. I really think AC need to do a better job of highlighting loans with payments that are not on time, both on the loan's page itself and somewhere else that we could go to check out whether any of our borrowers have failed to make a payment. That could be on a separate page, or perhaps more effectively, could be flagged on the Your Loans or Browse Loans listings by highlighting the problem loans in red.
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unmadem
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Post by unmadem on Oct 25, 2014 18:18:30 GMT
There is a question over what should be displayed there. At the moment it's showing number of months until the final payment is due. Should it factor in repayments that have yet to be settled and show the greatest of payments remaining or months remaining? I think basing the entry on time alone should be fine. But whereas it used to be easy to tell when the next -- or last -- payment was due because the drawdown date was shown, now that info is harder to come by. Being told that a loan has 0/12 months remaining says only that the final payment is due some time between today -- or is that tomorrow? -- and four weeks from now. It would be a lot more useful if the maturity date were visible on that first page rather than making users dig into the repayments schedule to find that out. Having the specific date also would make it easy to spot loans with payments due in the next day or two, and those which should have made a payment recently. The question chris raised above comes up only because some payments do not arrive exactly when expected. I really think AC need to do a better job of highlighting loans with payments that are not on time, both on the loan's page itself and somewhere else that we could go to check out whether any of our borrowers have failed to make a payment. That could be on a separate page, or perhaps more effectively, could be flagged on the Your Loans or Browse Loans listings by highlighting the problem loans in red. How about showing 1) the maturity date rather than 0 of 12 months 2) where a payment is late, display as text in red, x days late. This would help supplement the not very clear credit event warning (though visibility of this this should still be improved)
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Oct 25, 2014 21:12:09 GMT
Confused! I have shrapnel in my MLA, a target set on a loan where there are units a plenty available (NLON Com Prop) yet the MAI seems reluctant to make a purchase. Has there been a deshrapnelification of the minimum loan part size with the £1 minimum (or higher) being reinstated?  ?  |
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Post by pepperpot on Oct 25, 2014 21:27:53 GMT
Confused! I have shrapnel in my MLA, a target set on a loan where there are units a plenty available (NLON Com Prop) yet the MAI seems reluctant to make a purchase. Has there been a deshrapnelification of the minimum loan part size with the £1 minimum (or higher) being reinstated? ? Just set my target to £1 above my holding, I'd bought the extra pound by the time I refreshed my book. Did the same for 20p, same result, I now have an extra £1.20. If you do manage to buy any can you make sure it's out of my extra, as I'm now well overweight in this loan, thanks. (winner of todays' new word comp - deshrapnelification)
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Post by oldnick on Oct 25, 2014 21:40:23 GMT
! (winner of todays' new word comp - deshrapnelification) This will alert uncletone for adjudication.
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Oct 25, 2014 23:08:48 GMT
Confused! I have shrapnel in my MLA, a target set on a loan where there are units a plenty available (NLON Com Prop) yet the MAI seems reluctant to make a purchase. Has there been a deshrapnelification of the minimum loan part size with the £1 minimum (or higher) being reinstated? ? Just set my target to £1 above my holding, I'd bought the extra pound by the time I refreshed my book. Did the same for 20p, same result, I now have an extra £1.20. If you do manage to buy any can you make sure it's out of my extra, as I'm now well overweight in this loan Love to, but its still determinedly hoarding my 20p like its the money to making an emergency phone call home and given the large volume of this loan available the chance of getting your bit seems pretty slim. But hey stranger things happen on AC. Now would one of the minions hit The Machine with a hammer to unwedge my 20p from the slot. 
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mikes1531
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Post by mikes1531 on Oct 25, 2014 23:53:38 GMT
Just set my target to £1 above my holding, I'd bought the extra pound by the time I refreshed my book. Did the same for 20p, same result, I now have an extra £1.20. If you do manage to buy any can you make sure it's out of my extra, as I'm now well overweight in this loan Love to, but its still determinedly hoarding my 20p like its the money to making an emergency phone call home and given the large volume of this loan available the chance of getting your bit seems pretty slim. But hey stranger things happen on AC. Now would one of the minions hit The Machine with a hammer to unwedge my 20p from the slot. I don't suppose there's any chance that your spare 20p is in your Cash Account rather than your MLIA, is there?
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Oct 26, 2014 0:18:25 GMT
Love to, but its still determinedly hoarding my 20p like its the money to making an emergency phone call home and given the large volume of this loan available the chance of getting your bit seems pretty slim. But hey stranger things happen on AC. Now would one of the minions hit The Machine with a hammer to unwedge my 20p from the slot. I don't suppose there's any chance that your spare 20p is in your Cash Account rather than your MLIA, is there? No, its definately showing in my MLIA. I have 0.579...p in my cash account.
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tonyr
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Post by tonyr on Oct 26, 2014 11:05:36 GMT
Whilst I'm thinking about it, the message below makes no sense as £15k is less than my current investment in this loan. There should be simple check and if you are reducing your target then just display the first line, not the second one as well.
YOUR TARGET INVESTMENT HAS BEEN SET TO £15,000.00.
IF LOAN UNITS ARE/BECOME AVAILABLE TO PURCHASE IN THIS LOAN FOR GREATER THAN THE £855.57 UNINVESTED CASH YOU HOLD ON THIS ACCOUNT, THE PURCHASE WILL BE CAPPED AT £855.57. PLEASE TRANSFER ADDITIONAL CASH TO THIS MANUAL LOAN INVESTMENTS ACCOUNT FROM YOUR CASH ACCOUNT IF YOU WISH TO POTENTIALLY INVEST TO YOUR FULL TARGET.
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oldgrumpy
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Post by oldgrumpy on Oct 26, 2014 11:11:51 GMT
I do hope the system isn't casually changing our targets, or we'll be selling stuff w don't want to sell  Your target should have been set on transition day as exactly what your current holding was unless you had a previous mandate in the old AI). |
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Post by cyrilmadrid on Oct 26, 2014 11:21:20 GMT
I really miss a feature announced to me by Chris (maybe in a further phase), showing clearly which loans are performing and which one are not. Would be very helpful to focus on the non performing as expected ones.
I also agree with the comments made by a few people that there is too much space wasted (information could be more compact).
I would also welcome a full statement showing the activity of all accounts in one place.
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Your target should have been set on transition day as exactly what your current holding was unless you had a previous mandate in the old AI).