kaya
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Post by kaya on Dec 12, 2014 8:37:06 GMT
Does anyone find this one a bit weird? It seems more like trying to capitalise an investment, rather than a genuine loan. I would not touch it.
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ramblin rose
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“Some people grumble that roses have thorns; I am grateful that thorns have roses.” — Alphonse Karr
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Post by ramblin rose on Dec 12, 2014 10:08:28 GMT
Could you explain a bit more kaya? Isn't every pawned item being pawned in order to capitalise it? Do you mean the borrower is taking out the loan as a means of selling it? I think we always should be thinking that this might be the case with any item and so, of course, the LTV plays a large part in lending decisions. In this case, I'd have thought the borrower might get a better deal selling in the open market if that were their intention. But perhaps that's not what you meant? |
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jonno
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nil satis nisi optimum
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Post by jonno on Dec 12, 2014 11:31:56 GMT
If others,like me,are finding it impossible to access the site,you can phone FS to have a bid submitted manually.They told me they have diagnosed the problem, but are struggling to fix it for this loan.
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ramblin rose
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Post by ramblin rose on Dec 12, 2014 11:47:00 GMT
I found it very slow, but by waiting for the various pages to load it worked first time for me. It's a big point in FS favour that they are always so willing to be hands on and helpful during times of stress, but it's disappointing that the recently relaunched site still doesn't seem to cope adequately. Obviously they're doing 'enough' for most people because even those who tell us on a regular basis that they've had enough and are getting out of FS still continue to appear in the loan lists on an even more regular basis  |
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ramblin rose
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Post by ramblin rose on Dec 12, 2014 11:52:23 GMT
I got in, albeit slowly, and made a bid. The slowness might be down to the large number of options in the drop box, going up to over 175k in £25 steps is a little, err, thorough. Ok I guess if you want exactly £172,625.00 or maybe £172,575.00, can't quite decide, I'll have a think on it while soaking up some wintery rays.  Wish I was 'soaking up wintery rays'  If that list is part of the problem that's a bit daft. Surely you could enter your own amount, being told in advance it must be a multiple of £25 and receive a message indicating it must be a multiple of £25 if you try to enter an amount that isn't. I suppose it would be annoying for any mathematically challenged lenders, but I'd have thought the majority would find it easy enough. Personally, I didn't really see the problem with being able to enter the non-rounded amounts, but obviously it created problems at the FS end or they wouldn't have changed it.
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hendragon
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Post by hendragon on Dec 12, 2014 12:30:00 GMT
my impression of FS is that the current website is a work in progress rather than the finished product. Whether or not one might agree with clients being the beta testers if you do have feedback concerning these matters I have found that FS are approachable but also listen.
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ramblin rose
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“Some people grumble that roses have thorns; I am grateful that thorns have roses.” — Alphonse Karr
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Post by ramblin rose on Dec 12, 2014 12:49:57 GMT
Me n my big mouth, big cloud just rolled in and now I'm listening to hail on the window  According to Richard Hammond weather programme last week, it isn't hail - it's ice balls. The difference being that hail is laminated and only happens in summer due to repeated warming and cooling of the water/ice droplets prior to them falling to earth. In winter there isn't the heat, so the ice balls form once and then fall to earth. The 'laminated' hail is way stronger and does more damage as a result.
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jonno
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nil satis nisi optimum
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Post by jonno on Dec 12, 2014 13:02:20 GMT
Me n my big mouth, big cloud just rolled in and now I'm listening to hail on the window According to Richard Hammond weather programme last week, it isn't hail - it's ice balls. The difference being that hail is laminated and only happens in summer due to repeated warming and cooling of the water/ice droplets prior to them falling to earth. In winter there isn't the heat, so the ice balls form once and then fall to earth. The 'laminated' hail is way stronger and does more damage as a result. Wow; the things you learn on this forum. OK then Smarty Pants, what is sleet? 
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ramblin rose
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“Some people grumble that roses have thorns; I am grateful that thorns have roses.” — Alphonse Karr
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Post by ramblin rose on Dec 12, 2014 13:05:30 GMT
According to Richard Hammond weather programme last week, it isn't hail - it's ice balls. The difference being that hail is laminated and only happens in summer due to repeated warming and cooling of the water/ice droplets prior to them falling to earth. In winter there isn't the heat, so the ice balls form once and then fall to earth. The 'laminated' hail is way stronger and does more damage as a result. Wow; the things you learn on this forum. OK then Smarty Pants, what is sleet? Oh, that was covered too, albeit in a much less scientific way  It depends on whether you are in the USA or UK. In USA it's 'ice balls' (possibly also hail), in UK it's wet, watery, mushy slushmaking stuff
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jonno
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Post by jonno on Dec 12, 2014 13:11:41 GMT
OK OK. I concede. When it comes to all things weather related, Rose, you're the Raining Champ.  |
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ramblin rose
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Post by ramblin rose on Dec 12, 2014 14:07:53 GMT
OK OK. I concede. When it comes to all things weather related, Rose, you're the Raining Champ. Comes from having moved back North - we have far too much 'weather' up here And the winter days are so short you find yourself watching more TV than is good for you.
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woodie
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Post by woodie on Dec 12, 2014 14:39:56 GMT
OK OK. I concede. When it comes to all things weather related, Rose, you're the Raining Champ. Comes from having moved back North - we have far too much 'weather' up here And the winter days are so short you find yourself watching more TV than is good for you. Isn't it strange I always imagined you working in Canary Wharf trading in LME futures, not watching Dave.
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ramblin rose
Member of DD Central
“Some people grumble that roses have thorns; I am grateful that thorns have roses.” — Alphonse Karr
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Post by ramblin rose on Dec 12, 2014 14:50:20 GMT
Comes from having moved back North - we have far too much 'weather' up here And the winter days are so short you find yourself watching more TV than is good for you. Isn't it strange I always imagined you working in Canary Wharf trading in LME futures, not watching Dave. You had part of the vision right, but instead of dressing up in fancy clothes and sitting on a train for hours each day, I just roll downstairs and sit in my own office in my PJs and onesie  , with forrays into the lounge while I wait for things to happen in the markets, and into the kitchen when I need more coffee. I probably should get out more.
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mikes1531
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Post by mikes1531 on Dec 12, 2014 17:35:27 GMT
If that list is part of the problem that's a bit daft. Surely you could enter your own amount, being told in advance it must be a multiple of £25 and receive a message indicating it must be a multiple of £25 if you try to enter an amount that isn't. I suppose it would be annoying for any mathematically challenged lenders, but I'd have thought the majority would find it easy enough. Personally, I didn't really see the problem with being able to enter the non-rounded amounts, but obviously it created problems at the FS end or they wouldn't have changed it. I think the problem with non-round amounts was that auctions often got stuck with less than £25 available and the £25 minimum bid meant nobody could bid for the last bit so the loan sat incomplete. I would have thought that the easy solution would have been to make the minimum bid the lower of £25 or the remainder, but perhaps that's easier said than done. If the length of the drop down list is part of the problem, then a seemingly simple solution would be to truncate the list after the first 'insufficient funds' entry, rather than letting it go all the way to the amount left to fund in £25 increments.
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ramblin rose
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Post by ramblin rose on Dec 12, 2014 17:45:15 GMT
If that list is part of the problem that's a bit daft. Surely you could enter your own amount, being told in advance it must be a multiple of £25 and receive a message indicating it must be a multiple of £25 if you try to enter an amount that isn't. I suppose it would be annoying for any mathematically challenged lenders, but I'd have thought the majority would find it easy enough. Personally, I didn't really see the problem with being able to enter the non-rounded amounts, but obviously it created problems at the FS end or they wouldn't have changed it. I think the problem with non-round amounts was that auctions often got stuck with less than £25 available and the £25 minimum bid meant nobody could bid for the last bit so the loan sat incomplete. I would have thought that the easy solution would have been to make the minimum bid the lower of £25 or the remainder, but perhaps that's easier said than done. If the length of the drop down list is part of the problem, then a seemingly simple solution would be to truncate the list after the first 'insufficient funds' entry, rather than letting it go all the way to the amount left to fund in £25 increments. Your first para sounds obvious, and we suggested it a very long time ago (obviously on the old site) did we not (?) and it wasn't taken up. After only a very brief time early on, such loans didn't sit around incomplete though did they? h*****8 always filled the last little bit, and I always assumed that was an internal FS user account used for that precise purpose. Can't believe it was really a problem to them, but I'm not the one having to deal with it. I am the one with £22.50 sitting around uselessly in my account though as a result of the current restriction The list is probably a red-herring and nothing to do with it, but in the absence of proper flexibility your second para sounds like a good suggestion if it really is the cause.
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It depends on whether you are in the USA or UK. In USA it's 'ice balls' (possibly also hail), in UK it's wet, watery, mushy slushmaking stuff 
, with forrays into the lounge while I wait for things to happen in the markets, and into the kitchen when I need more coffee. I probably should get out more.