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Post by GSV3MIaC on Dec 16, 2014 16:13:12 GMT
Place your bets now .. and no fair editing the posts!!
For extra brownie points, which, if any, parts of the website do you think will crater when faced with a 5 digit loan number?!
me: 6th Jan 2015, and nothing craters but the formatting gets screwed up, so the .css file needs to grow by another third of a megabyte. 8>.
Edit by me because I couldn't spell 'loan'.
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markr
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Post by markr on Dec 16, 2014 16:29:45 GMT
14th January 2015 and nothing will go wrong because surely they'd have thought of that and tested it well in advance of it happening.
[Edit] I didn't really mean 2105!
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oldgrumpy
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Post by oldgrumpy on Dec 16, 2014 16:39:00 GMT
12 January 2015 because there will be a surge in the second week of 2015 but many of them will big A, A+ loans which get rejected due to high finishing rates!
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adrianc
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Post by adrianc on Dec 16, 2014 16:57:32 GMT
I'll have the 12th Jan as the day that they list loan 0000 again.
A quick look at the loanbook shows the lowest numbered live loan is 763 - but there are three badly "late" ahead of that, starting at 121 - so will they sort it before recycling that, causing all sorts of shenanigans: repayments getting credited to the wrong loan, and parts being all _OVER_ the shop?
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blender
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Post by blender on Dec 16, 2014 17:03:12 GMT
Nope. When they get to loan 9999 they will find that the platform is full and will have to start a new one.
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Post by jackpease on Dec 16, 2014 18:28:04 GMT
I don't think we'll get there very quickly if they are relying on 7% interest only property loans with 1% cashback. Low interest i can handle - but dumping all the repayment risk to the end makes it an easy one to pass on.
Jack P
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blender
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Post by blender on Dec 16, 2014 18:52:38 GMT
I don't think we'll get there very quickly if they are relying on 7% interest only property loans with 1% cashback. Low interest i can handle - but dumping all the repayment risk to the end makes it an easy one to pass on. Jack P That's a legacy loan and they seem to have gone from tranches to tranchelets. If you deduct the 1% they charge for taking the interest from you up front and paying it back to you in monthly parts, then its 6%. They have to wind down the cash back promotion, or it's not a promotion, and I hope they will try to do this over the holiday and start a new promotion after a decent interval.
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wysiati
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Post by wysiati on Dec 16, 2014 20:17:18 GMT
Loan # 10000 is still some way away as originations have only recently crossed the 7800 threshold. Even the total # of auction listings lags behind the FC auction ID #s by c.500.
There have been a few complaints recently about borrower rejections but the stats suggest that perhaps 85% of listings make it to loan origination, and I would bet that most of those that don't make it are cancellations due to 'listing errors' of one sort or another, so things don't actually seem too bad on the rejections front.
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Post by GSV3MIaC on Dec 16, 2014 22:39:57 GMT
No, i really did mean loan number(ed) 10,000 rather than the 10,000th loan application, successful loan, or any other interpretation.  |
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sl75
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Post by sl75 on Dec 17, 2014 11:13:50 GMT
Regarding the "missing loan numbers", I would note that there are several gaps of exactly 32 consecutive loan IDs (I noticed most of them at the time they actually occurred, but they can easily be discovered in the dowloaded loan book). The loan IDs were never used. This would seem most like due to some kind of IT issue...
However, it does leave open the very slight possibility that there may never be a loan 10000 (just as there was never a loan #200, #400, or #600, as they were in such gaps of missing loan numbers). The last such "gap" was just before loan #5254 - there were no loans bearing auction IDs 5222 to 5253 inclusive. The previous gaps were just before #2167 (this one, uniquely, had only 29 missing loan IDs) and just before #1514.
Has the "problem" causing such gaps been solved, or are we perhaps overdue another one? (it may even be possible that the gaps could have been deliberately inserted as an intentional feature - for some internal administrative reason within FC?)
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blender
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Post by blender on Dec 17, 2014 15:45:30 GMT
Yep, they could deliberately not use number 10000 just to thwart GSV.
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Post by GSV3MIaC on Dec 17, 2014 16:25:48 GMT
Well I'll take any loan numbered 10000 or higher, so unless they start recycling from 0000 (or collapse in a heap) I expect they'll meet my criteria eventually. 8>.
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blender
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Post by blender on Dec 17, 2014 16:43:19 GMT
They might use four character hexadecimal, excluding the all-digit (0-9) values. Would that count?
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Post by GSV3MIaC on Dec 17, 2014 20:08:35 GMT
More chance you get your wings back, I reckon. They have enough trouble with decimal. 8>.
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chrisf
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Post by chrisf on Dec 18, 2014 16:40:42 GMT
OK then, I will go for Jan 7th. Let's hope January 2015 on FC isn't like Jan 2014 was.
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