shimself
Member of DD Central
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Post by shimself on Jul 18, 2018 13:20:26 GMT
I'm talking about using it! To which end! could you ask them pretty please to drop the word security which is as redundant as could be.
On other matters I know a forum where we could compare and report back to interested parties
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Post by chris on Jul 18, 2018 13:30:16 GMT
I'm talking about using it! To which end! could you ask them pretty please to drop the word security which is as redundant as could be.
On other matters I know a forum where we could compare and report back to interested parties
Err.... I'll stick to the first point! Authy are a large organisation with a service used by a huge number of customers like Facebook and Amazon. We can ask but it's unlikely we'll be able to influence them.
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Post by markaldrich on Jul 21, 2018 6:59:18 GMT
I agree. Would really like to see activity updates on my loans easier. Having to click into each one is a real pain.
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niceguy37
Member of DD Central
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Post by niceguy37 on Jul 31, 2018 9:40:07 GMT
chris Thanks for adding the "On Repayment" options "Reinvest" and "Withdraw to Account". These are very useful. I notice that when my GBBA2 makes some unrequested sales (presumably the loan's criteria have changed and my GBBA2 is divesting itself of this loan as demand allows), then the sale proceeds are re-invested. This is despite by have set the "Withdraw All" option. I realise that these sales proceeds are neither interest payments or repayments of capital, but if the lender has selected "Withdraw All" couldn't the system use a little initiative and withdraw these too, please?
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Post by madmitch on Jul 31, 2018 16:56:04 GMT
We have this situation with one of our PSA accounts.
Set to 'withdraw all', it continues to reinvest in new loans and as a consequence is not really selling down at all.
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travolta
Member of DD Central
Posts: 1,506
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Post by travolta on Jul 31, 2018 18:36:22 GMT
We have this situation with one of our PSA accounts.
Set to 'withdraw all', it continues to reinvest in new loans and as a consequence is not really selling down at all. mmm me too. To remove the small repayment one has to cancel the WHOLE withdraw demand ,reissue it and no doubt go to the back of the queue again . Any ideas? Chris? Any one ? Ferris Beuller?
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angrysaveruk
Member of DD Central
Say No To T.D.S
Posts: 1,336
Likes: 789
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Post by angrysaveruk on Jul 31, 2018 19:10:14 GMT
It should be easier to see the total interest earned. Other sites put this on the main page. At the moment I have to go into the tax report page and put dates before and after I opened my account.
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Post by crabbyoldgit on Aug 1, 2018 6:11:30 GMT
chris Thanks for adding the "On Repayment" options "Reinvest" and "Withdraw to Account". These are very useful. I notice that when my GBBA2 makes some unrequested sales (presumably the loan's criteria have changed and my GBBA2 is divesting itself of this loan as demand allows), then the sale proceeds are re-invested. This is despite by have set the "Withdraw All" option. I realise that these sales proceeds are neither interest payments or repayments of capital, but if the lender has selected "Withdraw All" couldn't the system use a little initiative and withdraw these too, please? Not impressed, my mlia is set to withdraw all, but yesterday it reinvested all my sales. Need the money as conservatory roof needs replacement or conservatory converted to swimming pool. Think this is a speed of operation thing, the funds sat in the mlia instead of transferring to the cash account for ages and I guess the buy opportunities occurred before the system got round to transferring the funds. But that's no good to me, phone call to ac towers as soon as they open.
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Post by chris on Aug 1, 2018 6:39:22 GMT
chris Thanks for adding the "On Repayment" options "Reinvest" and "Withdraw to Account". These are very useful. I notice that when my GBBA2 makes some unrequested sales (presumably the loan's criteria have changed and my GBBA2 is divesting itself of this loan as demand allows), then the sale proceeds are re-invested. This is despite by have set the "Withdraw All" option. I realise that these sales proceeds are neither interest payments or repayments of capital, but if the lender has selected "Withdraw All" couldn't the system use a little initiative and withdraw these too, please? Not impressed, my mlia is set to withdraw all, but yesterday it reinvested all my sales. Need the money as conservatory roof needs replacement or conservatory converted to swimming pool. Think this is a speed of operation thing, the funds sat in the mlia instead of transferring to the cash account for ages and I guess the buy opportunities occurred before the system got round to transferring the funds. But that's no good to me, phone call to ac towers as soon as they open. It's not a speed of operation thing, it's a function of how the system was designed. The reinvestment options relate only to interest and capital and not to loan sales. If you want to withdraw funds from loan sales then you need to use the withdraw button and set a withdrawal target. This will force automatic accounts to make sales to free up that cash, and on the MLA will withdraw amounts from loan sales prior to them being reinvested. I agree that this could be made clearer and we'll review everything related to the dashboard and how lenders interact with these systems, but the system itself is operating as designed.
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Post by crabbyoldgit on Aug 1, 2018 8:16:39 GMT
Thanks Chris for explanation, though i wish it worked the way I incorrectly thought as I would have control over which loans sold to some extent, where as by setting a broad sale instruction i guess some of my favourite and therefore popular loans to other investors will be first to go.
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niceguy37
Member of DD Central
Posts: 504
Likes: 254
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Post by niceguy37 on Aug 1, 2018 8:22:41 GMT
Thinking about the speed challenges AC face, would it not be an idea to try to clean up a proportion of loan parts in nano-pence?
I thinking that on the lender profile there could be some opt-in options:
1. Only buy loan parts that are greater than 0.1p if the lender already holds at least 0.1p.
2. Sell off loan parts where the lender holds a total of less than 0.00001p
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Post by chris on Aug 1, 2018 9:13:11 GMT
Thinking about the speed challenges AC face, would it not be an idea to try to clean up a proportion of loan parts in nano-pence? I thinking that on the lender profile there could be some opt-in options: 1. Only buy loan parts that are greater than 0.1p if the lender already holds at least 0.1p.
2. Sell off loan parts where the lender holds a total of less than 0.00001p
The speed issues on the market are down to design choices at the time. There's a rewritten market that needs to complete final testing prior to going live that can process all the loans in 5 - 10 minutes instead of 12+ hours, thanks to better design choices now that we have more knowledge of how the system performs with real world usage. As I'm on holiday and a bunch of other projects ended up being prioritised ahead of the release of that market it's likely to be released towards the end of August.
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warn
Member of DD Central
Curmudgeon
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Post by warn on Aug 1, 2018 11:24:36 GMT
Thanks Chris for explanation, though i wish it worked the way I incorrectly thought as I would have control over which loans sold to some extent, where as by setting a broad sale instruction i guess some of my favourite and therefore popular loans to other investors will be first to go. COG, if you're talking about your MLIA, no loan will be sold unless you have a specific sell order on that loan. So you have total control of which ones you let go and which you keep. It's only after a loan has sold (because of your specific instruction) that the "withdraw" setting kicks in, and governs whether the proceeds are reinvested or xferred to Cash.
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jlend
Member of DD Central
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Post by jlend on Aug 6, 2018 7:30:01 GMT
I’d like a one-way facility to be provided to be able to instantly “close” the automated non access accounts and transfer the entire holding to the MLIA. This would allow us to take back control over our holdings and attempt our own repairs like discounting to get rid of overweight holdings, etc. Currently it’s a little bit like a building society leaving people in old rubbish accounts when there are new and better accounts available but worse since AC is actually forcing you to stay in that old 0.1% paying account... I put in an official complaint about being able to sell out of the gbba etc at a discount, given the wording in the terms and conditions, earlier this year. They offered to let me sell out of any non suspended loans at a discount, i just have to tell them which ones i want to sell and the discount. It would seem fair for them to do this for you if you ask the help desk.
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ceejay
Posts: 975
Likes: 1,149
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Post by ceejay on Aug 6, 2018 9:27:54 GMT
I’d like a one-way facility to be provided to be able to instantly “close” the automated non access accounts and transfer the entire holding to the MLIA. This would allow us to take back control over our holdings and attempt our own repairs like discounting to get rid of overweight holdings, etc. Currently it’s a little bit like a building society leaving people in old rubbish accounts when there are new and better accounts available but worse since AC is actually forcing you to stay in that old 0.1% paying account... I put in an official complaint about being able to sell out of the gbba etc at a discount, given the wording in the terms and conditions, earlier this year. They offered to let me sell out of any non suspended loans at a discount, i just have to tell them which ones i want to sell and the discount. It would seem fair for them to do this for you if you ask the help desk. Interesting discussion. However, if you just asked the help desk to sell some of your loans within one of these accounts, would it not be the case that the automated swapping process could start buying them up again afterwards? Surely this process only works if, as paul123 requested, you shift ALL of your holdings over?
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