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Post by roxanamohammadian on Jul 19, 2021 8:01:13 GMT
The loans are all being consumed by autolend. I'm not going to waste time reading the loan and transferring money if the loan is already funded when it goes live (there is no prior indication). You could run autolend earlier so investors can see what's left or do what CP does and ration autolend to leave allocations for manual lenders. I'm not interested in lending to every loan as the system is geared up for. You've set a 4k limit for tomorrow's loan so we'll see what happens, I'll just be watching. It is also taking 24 hours for my money transfer to appear for investing, it takes minutes in many platforms I could mention. Thanks again overthehill. Over the past 12 months, we have seen liquidity on our platform soar. We believe this is due to a combination of factors: our fantastic track-record which everyone can check at www.blendnetwork.com/pages/statistics, the concerns felt by investors that rising equity markets were becoming somehow disconnected from the grim reality happening in the high streets and thus that equity markets may see a correction, concerns about inflation and the desire to diversify ones portfolio of investments to include additional sources of yield. As a result of all this, you are correct in pointing out that most of our loans are currently getting fully funded by ‘AutoLenders’. AutoLend is an option available to all lenders and of course to yourself, if you wish to use it. It enables lenders to select their own criteria and lend automatically. Regarding your point of rationing AutoLend, I am pleased to inform you that we have taken onboard this great suggestion from several lenders, and in our past couple of loans have implemented a cap on the amount that lenders can lend using AutoLend. Regarding the timing of the money transfer, this is down to the Money Payment Provider that we use, and we have been told by them that they are looking at reducing the time it takes to process the payments. In regard to the other platforms where you mention the money takes minutes to transfer, while I don’t know how they do it and therefore could not comment on it much, my suspicion is that they allow lenders to transfer funds using bank cards (debit and credit cards), something which we don’t do at Blend Network because that increases the risks of fraud, which we take extremely seriously at Blend Network. Thanks very much for your comments. I hope this helps answer your questions. If you have any further questions, please drop me a message or give me a call. Capital at risk. Read the full warning on our website. Best, Roxana
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Post by roxanamohammadian on Jul 19, 2021 8:02:03 GMT
The loans are all being consumed by autolend. I'm not going to waste time reading the loan and transferring money if the loan is already funded when it goes live (there is no prior indication). You could run autolend earlier so investors can see what's left or do what CP does and ration autolend to leave allocations for manual lenders. I'm not interested in lending to every loan as the system is geared up for. You've set a 4k limit for tomorrow's loan so we'll see what happens, I'll just be watching. It is also taking 24 hours for money to be available in the account. Blends loan Hove, Shirley Drive - Loan 1 E mail. We have heard your feedback. We also want to increase the number of investors who are able to participate in our loans. So, for this loan, we have added a £4,000 limit on AutoLend. This means that the maximum amount any investor will be able to lend on this loan, through AutoLend, is £4,000.
This suggests that auto is limited, so Manuel lending may get a lookin. I appreciate the effort in trying to address the (too many lenders with £££ ), and realize that limits may not please everyone. Limits are not perfect, in my opinion but way better than the 16hrs Fastest Fingers wins race, looser's get nowt scenario.Thank you dave4. We are certainly taking onboard lenders suggestions, and while you are absolutely right in that it is hard to please everyone, we are trying our very best to do so 😊 Capital at risk. Read the full warning on our website. Best, Roxana
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Post by roxanamohammadian on Jul 19, 2021 8:02:47 GMT
Was there any manual lending availability when the Hove loan went live today? Hi overthehill, The Hove, Shirley Drive - Loan 1 was fully funded by AutoLend, although having a cap on AutoLend meant that more lenders got the chance to lend on this loan. In total, the loan was funded by 156 lenders. Capital at risk. Read the full warning on our website. Best, Roxana
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Post by roxanamohammadian on Jul 19, 2021 8:03:51 GMT
Was there any manual lending availability when the Hove loan went live today? I presume not since I didn't get anything from Auto-Lend. That’s right Ace. The Hove, Shirley Drive - Loan 1 was fully funded by AutoLend, although having a cap on AutoLend meant that more lenders got the chance to lend on this loan. In total, the loan was funded by 156 lenders. Capital at risk. Read the full warning on our website. Best, Roxana
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Post by roxanamohammadian on Jul 19, 2021 8:04:27 GMT
I guess all the p2p companies are in the same situation. Which is better ? 10 clients x 100k or 1000 clients x 1k. What I object to is the lack of communication and process because people are wasting their time reading the loan, transferring money in and out and waiting expectantly for the loan to go live. Thanks overthehill. Most certainly taking onboard your comments and suggestions here. I will pass on your comments to the team in regard to informing lenders if a loan is expected to be fully funded by AutoLend as soon as the loan is listed. Capital at risk. Read the full warning on our website. Best, Roxana
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Post by overthehill on Jul 23, 2021 16:21:54 GMT
The loans are all being consumed by autolend. I'm not going to waste time reading the loan and transferring money if the loan is already funded when it goes live (there is no prior indication). You could run autolend earlier so investors can see what's left or do what CP does and ration autolend to leave allocations for manual lenders. I'm not interested in lending to every loan as the system is geared up for. You've set a 4k limit for tomorrow's loan so we'll see what happens, I'll just be watching. It is also taking 24 hours for my money transfer to appear for investing, it takes minutes in many platforms I could mention. Thanks again overthehill . Over the past 12 months, we have seen liquidity on our platform soar. We believe this is due to a combination of factors: our fantastic track-record which everyone can check at www.blendnetwork.com/pages/statistics, the concerns felt by investors that rising equity markets were becoming somehow disconnected from the grim reality happening in the high streets and thus that equity markets may see a correction, concerns about inflation and the desire to diversify ones portfolio of investments to include additional sources of yield. As a result of all this, you are correct in pointing out that most of our loans are currently getting fully funded by ‘AutoLenders’. AutoLend is an option available to all lenders and of course to yourself, if you wish to use it. It enables lenders to select their own criteria and lend automatically. Regarding your point of rationing AutoLend, I am pleased to inform you that we have taken onboard this great suggestion from several lenders, and in our past couple of loans have implemented a cap on the amount that lenders can lend using AutoLend. Regarding the timing of the money transfer, this is down to the Money Payment Provider that we use, and we have been told by them that they are looking at reducing the time it takes to process the payments. In regard to the other platforms where you mention the money takes minutes to transfer, while I don’t know how they do it and therefore could not comment on it much, my suspicion is that they allow lenders to transfer funds using bank cards (debit and credit cards), something which we don’t do at Blend Network because that increases the risks of fraud, which we take extremely seriously at Blend Network. Thanks very much for your comments. I hope this helps answer your questions. If you have any further questions, please drop me a message or give me a call. Capital at risk. Read the full warning on our website. Best, Roxana
Thank you for your reply but ...
None of the changes made are allowing me to invest in BN, that's the bottom line, maybe some day.
Regarding money transfer speeds, they are all bank transfers, instantaneous to 2 hours. I do believe at the moment you are still using the wells fargo stagecoach of the financial world.
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
Posts: 998
Likes: 569
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Post by dave4 on Jul 25, 2021 12:57:34 GMT
Hope im not overstepping, but what is the issue with a Debit card ?? Some platforms won't allow funds deployed via debit card to be returned for 48 bank working hrs for security ect which is fine with me, and is still faster than Blend at present.i can fully understand the credit card not being acceptable. roxanamohammadian maybe linkhttps://www.faizpay.com/ may be worth a look regarding payment. Thankyou for your continued engagement |
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