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Post by shanghaiscouse on Aug 18, 2020 8:23:34 GMT
I see Assetz have taken action to clear their Access account RYI backlog by allowing lenders to discount their Access accounts in order to sell to other lenders. Why can't RS do the same thing? From Assetz.....
We’re delighted to announce that the Access Account Marketplace is now live and ready to use.
To recap, the Access Account Marketplace is a new way for our platform to work within these difficult market conditions, and to try to help speed up current withdrawal requests for those who wish to offer a discount.
The marketplace allows you to invest into any of our range of Access Accounts and automatically take advantage of any discounts that may have been applied by a lender looking to withdraw their funds more quickly than normal.
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ceejay
Posts: 971 
Likes: 1,149
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Post by ceejay on Aug 18, 2020 9:41:27 GMT
I see Assetz have taken action to clear their Access account RYI backlog by allowing lenders to discount their Access accounts in order to sell to other lenders. Why can't RS do the same thing? From Assetz..... We’re delighted to announce that the Access Account Marketplace is now live and ready to use. To recap, the Access Account Marketplace is a new way for our platform to work within these difficult market conditions, and to try to help speed up current withdrawal requests for those who wish to offer a discount. The marketplace allows you to invest into any of our range of Access Accounts and automatically take advantage of any discounts that may have been applied by a lender looking to withdraw their funds more quickly than normal. I think the key difference is that AC are (probably) hoping to continue as a retail P2P platform and are therefore doing whatever they can to keep at least some lenders happy. Whereas RS aren't, so why should they go to all the trouble?
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beagle
Investor in ratesetter, funding circle, lendy (lesson learnt) and AC
Posts: 670
Likes: 322
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Post by beagle on Aug 18, 2020 9:43:09 GMT
I see Assetz have taken action to clear their Access account RYI backlog by allowing lenders to discount their Access accounts in order to sell to other lenders. Why can't RS do the same thing? From Assetz..... We’re delighted to announce that the Access Account Marketplace is now live and ready to use. To recap, the Access Account Marketplace is a new way for our platform to work within these difficult market conditions, and to try to help speed up current withdrawal requests for those who wish to offer a discount. The marketplace allows you to invest into any of our range of Access Accounts and automatically take advantage of any discounts that may have been applied by a lender looking to withdraw their funds more quickly than normal. I think the key difference is that AC are (probably) hoping to continue as a retail P2P platform and are therefore doing whatever they can to keep at least some lenders happy. Whereas RS aren't, so why should they go to all the trouble? agree. from a dev perspective it would simply be money wasted and not a viable use of funds given they have no intent to extend lending via retail
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Post by scepticalinvestor on Aug 18, 2020 10:33:41 GMT
I see Assetz have taken action to clear their Access account RYI backlog by allowing lenders to discount their Access accounts in order to sell to other lenders. Why can't RS do the same thing? From Assetz..... We’re delighted to announce that the Access Account Marketplace is now live and ready to use. To recap, the Access Account Marketplace is a new way for our platform to work within these difficult market conditions, and to try to help speed up current withdrawal requests for those who wish to offer a discount. The marketplace allows you to invest into any of our range of Access Accounts and automatically take advantage of any discounts that may have been applied by a lender looking to withdraw their funds more quickly than normal.
shanghaiscouse AC is doing all it can to survive in its current form. RS's chickens came home to roost and forced a sale for chump change. Engineering an online market to give locked-in lenders an exit route is hardly going to be anywhere on RS' priority list.
Don't get me wrong, I wish it was! I was a bit sceptical at first but I've used the AC market and the option of being able to get your money out is invaluable.
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Post by shanghaiscouse on Aug 18, 2020 11:27:42 GMT
So nice to know we are bottom of the priority list! I imagine this will manifest itself in many other ways. Like spending money on our bad debt collections perhaps?
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beagle
Investor in ratesetter, funding circle, lendy (lesson learnt) and AC
Posts: 670
Likes: 322
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Post by beagle on Aug 18, 2020 11:55:05 GMT
So nice to know we are bottom of the priority list! I imagine this will manifest itself in many other ways. Like spending money on our bad debt collections perhaps? i thought you said your money was out.
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coogaruk
Hello everyone! Anyone remember me?
Posts: 703
Likes: 463
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Post by coogaruk on Aug 18, 2020 13:14:04 GMT
So nice to know we are bottom of the priority list! I imagine this will manifest itself in many other ways. Like spending money on our bad debt collections perhaps? i thought you said your money was out.
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Post by Badly Drawn Stickman on Aug 18, 2020 14:03:37 GMT
Clearly the bitterness leaves a long aftertaste.
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coogaruk
Hello everyone! Anyone remember me?
Posts: 703
Likes: 463
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Post by coogaruk on Aug 18, 2020 14:33:46 GMT
Clearly the bitterness leaves a long aftertaste. I've nothing to feel bitter about. Clearly you like living up to your username.
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Post by Badly Drawn Stickman on Aug 18, 2020 14:37:50 GMT
Clearly the bitterness leaves a long aftertaste. I've nothing to feel bitter about. Clearly you like living up to your username. I was actually referring to them, however I think I will change sides pussy.
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coogaruk
Hello everyone! Anyone remember me?
Posts: 703
Likes: 463
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Post by coogaruk on Aug 18, 2020 15:00:33 GMT
I've nothing to feel bitter about. Clearly you like living up to your username. I was actually referring to them, however I think I will change sides pussy. Do as you please, however you'll end up on the loser's side Idiot.
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Post by Badly Drawn Stickman on Aug 18, 2020 15:04:23 GMT
I was actually referring to them, however I think I will change sides pussy. Do as you please, however you'll end up on the loser's side Idiot. Apology accepted, I am as you say back on your side.
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coogaruk
Hello everyone! Anyone remember me?
Posts: 703
Likes: 463
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Post by coogaruk on Aug 18, 2020 15:10:43 GMT
Do as you please, however you'll end up on the loser's side Idiot. Apology accepted, I am as you say back on your side. I'm not bitter, nor a loser. Unlike some on here I could mention. Bye.
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