iann
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Post by iann on Aug 14, 2020 9:03:15 GMT
Yes, thanks to AC, and the testers, for the hard work on the SM, much appreciated.
It gives an optional route for exit, which is what some have asked for.
For some it gives something else to complain about - maybe extra variety?
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blender
Member of DD Central
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Post by blender on Aug 14, 2020 9:05:35 GMT
When even the simplest of instructions is 'beyond the understanding' of some folk, it does make you wonder ... ... wonder if the instructed accept the authority of the instructor :-)) It wasn't an instruction. The billy-goat just made a polite request when starting off over the rickety bridge. But it's the nature of the beast - forums - that the negative predominates.
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cb25
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Post by cb25 on Aug 14, 2020 9:11:45 GMT
maotw - there's been no change to that distribution algorithm with the launch of the marketplace Hi chris Do you know when distributions will start up again. I haven't seen any in my account yesterday or so far today and i have loan holding in QAA for sale. I assume I should be getting distributions even though i have cancelled my 0% discount order yesterday and replaced it yesterday with a marketplace discount attached to the sell order instead. Last one was 12 Aug at 13.22 (approx)
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upperdeane
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Post by upperdeane on Aug 14, 2020 9:12:31 GMT
Hi chris Do you know when distributions will start up again. I haven't seen any in my account yesterday or so far today and i have loan holding in QAA for sale. I assume I should be getting distributions even though i have cancelled my 0% discount order yesterday and replaced it yesterday with a marketplace discount attached to the sell order instead. Last one was 12 Aug at 13.22 (approx) Thanks cb25
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blender
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Post by blender on Aug 14, 2020 9:21:14 GMT
You were invited to start another thread for negative comments! And then someone would complain about yet another negative thread being created! Are threads and forums for balanced discussions of pros and cons? Or just mono-themed mouthpieces for the zealots. They are neither. They attract lenders who are engaged with the subject and those who are dissatisfied with the product. You do not get a balanced view of a random sample of lenders on a forum, any more than you do from a customer service (complaints) department. If a new member had posted this OP, they would be called a shill. If a new member starts a complaint thread, that just gathers agreement.
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alender
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Post by alender on Aug 14, 2020 9:45:34 GMT
Now that the Secondary Market for the Access Accounts is here and working, I thought it would be appropriate to create a thread which shows appreciation to AC for its provision. The circumstances which immediately led to the liquidity crisis were not made by AC and were not predictable. While some other platforms did nothing practical to support retail lenders, and others (no names) took the opportunity to throw retail lenders under a bus, AC stands out as having engaged with retail lenders through the liquidity crisis and having proposed and provided means of mitigation. The creation of the SM has taken a good deal of resource at an extraordinarily difficult time - with some bad temper among lenders. Though I have not yet traded, just the existence of the SM is of great value to me because I know that if I need larger sums in an emergency then I can exit at a discount - and another lender will benefit. The existence of the SM does not make every lender happy, and the way it works will not suit everybody. However, looking at the bigger picture, if you appreciate what AC - Stuart, Chris, the team - have done in providing the SM for retail lenders, and of course for the future of the platform (including retail lenders), then you are welcome to add to this thread. If not, then please feel free to create another thread.
Creating an SM and trapping me into this new product against my will with the only way to get out is to take a haircut of almost 3 years interest, holding up payments for 12 days and effectively stopping new money entering the AAs which would be a available for repayments is not something I appreciate.
If you only want people who just agree with you why not post on the AC Website or start a Forum where you moderate the posts to make sure nobody can post anything you don't like and you can no platform them. There are enough fans, possible associates of AC and AC representatives here who will jump on any post that dares to criticise AC.
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dovap
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Post by dovap on Aug 14, 2020 9:55:01 GMT
And then someone would complain about yet another negative thread being created! Are threads and forums for balanced discussions of pros and cons? Or just mono-themed mouthpieces for the zealots. They are neither. They attract lenders who are engaged with the subject and those who are dissatisfied with the product. You do not get a balanced view of a random sample of lenders on a forum, any more than you do from a customer service (complaints) department. If a new member had posted this OP, they would be called a shill. If a new member starts a complaint thread, that just gathers agreement.
that's largely nonsense tbh. threads solely for sycophantic happy clappers seem far more the thing. whoops so as not to go off piste - congrats on the long awaited creation of the least functional sm currently available good job
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ilmoro
Member of DD Central
'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 Aug 14, 2020 10:58:05 GMT
Oh good another thread for everyone to restate their positions on AC in case anybody missed them the first ten times. So thanks iRobot for the appreciation (alternative opinions of me are available, particularly amongst AC Q&A staff I suspect) For the record work continues to elevate it to the second least functional SM ever created (tough task given the huge levels of functionality most SMs offer apparently) Edit: Ironically for me, its not even functional on one of my accounts, so Im missing out on all the flipping fun  |
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dead-money
Rocket to the Moon
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Post by dead-money on Aug 14, 2020 11:04:21 GMT
They are neither. They attract lenders who are engaged with the subject and those who are dissatisfied with the product. You do not get a balanced view of a random sample of lenders on a forum, any more than you do from a customer service (complaints) department. If a new member had posted this OP, they would be called a shill. If a new member starts a complaint thread, that just gathers agreement.
that's largely nonsense tbh. threads solely for sycophantic happy clappers seem far more the thing. whoops so as not to go off piste - congrats on the long awaited creation of the least functional sm currently available good job "least functional sm currently available" - I think you need to try out a few other platforms to back-up that statement! (Abundance comes to mind...)
From my perspective; it exists, it functions, it worked on it's eventual launch day, it's doing its stated job, quickly and easily.
One can debate whether it should have been in place prior to the 'Black Swan' arriving; IMHO, undoubtedly yes.
As regards customer communications and engagement thoughout the last few months; I'd say there is substantial room for improvement. Hopefully AC takes some time to assess 'lessons learnt' and improve their processes.
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blender
Member of DD Central
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Post by blender on Aug 14, 2020 12:16:24 GMT
They are neither. They attract lenders who are engaged with the subject and those who are dissatisfied with the product. You do not get a balanced view of a random sample of lenders on a forum, any more than you do from a customer service (complaints) department. If a new member had posted this OP, they would be called a shill. If a new member starts a complaint thread, that just gathers agreement.
threads solely for sycophantic happy clappers seem far more the thing.whoops so as not to go off piste - congrats on the long awaited creation of the least functional sm currently available good job Like this one? Hilarious, must do an analysis one day. Those few sycophantic happy clappers (name 3 not including AC staff?) must spend a very long time posting to fill the threads. I just thought, wrongly, that there were threads already on this board which catered for the various complaints. I forgot that complainants have to put their complaints on all threads, and sorry that I have made work for you.
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warn
Member of DD Central
Curmudgeon
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Post by warn on Aug 14, 2020 13:33:46 GMT
I forgot that complainants have to put their complaints on all threads, and sorry that I have made work for you. Don't be sorry -- they love it.
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Post by drphil on Aug 14, 2020 19:37:52 GMT
that's largely nonsense tbh. threads solely for sycophantic happy clappers seem far more the thing. whoops so as not to go off piste - congrats on the long awaited creation of the least functional sm currently available good job "least functional sm currently available" - I think you need to try out a few other platforms to back-up that statement! (Abundance comes to mind...)
From my perspective; it exists, it functions, it worked on it's eventual launch day, it's doing its stated job, quickly and easily.
One can debate whether it should have been in place prior to the 'Black Swan' arriving; IMHO, undoubtedly yes.
As regards customer communications and engagement thoughout the last few months; I'd say there is substantial room for improvement. Hopefully AC takes some time to assess 'lessons learnt' and improve their processes.
Fully agree on these two points, esp. the SM's technical performance, and echo the thread title
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maotw
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Post by maotw on Aug 20, 2020 8:50:36 GMT
maotw - there's been no change to that distribution algorithm with the launch of the marketplace Chris, I'm sorry, but I'm starting to doubt what you said. There's a sensation in my camp that something has changed - the algorithm that feeds the algorithm perhaps, or some primary 'gain' variable that's not considered to be part of the algorithm. There's definitely less coming back as a %age of the capital value of redemptions. I appreciate that something needed to change - otherwise (IMV) it would turn into an orderly wind-down. I assume that the 18th payment was a roll-up, and the early manifestation of what you said was going to happen on the 19th. Like many, I beg (as an act of purest optimism) for more transparency. Regards
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cb25
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Post by cb25 on Aug 20, 2020 9:00:49 GMT
maotw - there's been no change to that distribution algorithm with the launch of the marketplace Chris, I'm sorry, but I'm starting to doubt what you said. There's a sensation in my camp that something has changed - the algorithm that feeds the algorithm perhaps, or some primary 'gain' variable that's not considered to be part of the algorithm. There's definitely less coming back as a %age of the capital value of redemptions. I appreciate that something needed to change - otherwise (IMV) it would turn into an orderly wind-down. I assume that the 18th payment was a roll-up, and the early manifestation of what you said was going to happen on the 19th. Like many, I beg (as an act of purest optimism) for more transparency. Regards I doubt you're going to see that from AC. When £7.6m loan #985 was redeemed recently, I raised a Q&A Question asking how much of the loan was in Access Accounts. AC struck the Question out saying the question was not loan specific. How can a question about a single loan be anything other than loan specific? Plus, they've previously (loan #227) given a breakdown of how much of the loan was in the various accounts.
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maotw
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Post by maotw on Aug 20, 2020 9:05:56 GMT
Chris, I'm sorry, but I'm starting to doubt what you said. There's a sensation in my camp that something has changed - the algorithm that feeds the algorithm perhaps, or some primary 'gain' variable that's not considered to be part of the algorithm. There's definitely less coming back as a %age of the capital value of redemptions. I appreciate that something needed to change - otherwise (IMV) it would turn into an orderly wind-down. I assume that the 18th payment was a roll-up, and the early manifestation of what you said was going to happen on the 19th. Like many, I beg (as an act of purest optimism) for more transparency. Regards I doubt you're going to see that from AC. When £7.6m loan #985 was redeemed recently, I raised a Q&A Question asking how much of the loan was in Access Accounts. AC struck the Question out saying the question was not loan specific. How can a question about a single loan be anything other than loan specific? Plus, they've previously (loan #227) given a breakdown of how much of the loan was in the various accounts. I agree - and hence my Monty Python quote.
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