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Post by overthehill on Oct 27, 2021 9:57:42 GMT
Is it just me or have we stopped getting email notifications of upcoming loans? I've not been getting emails either, 24 hours before or 15 mins before. Problem seen across different platforms where emails are not being sent or being dropped along the route, the platforms are probably using common infrastructure or software somewhere.
It has its benefits by reducing the number of manual lenders.
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qwakuk
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Post by qwakuk on Oct 27, 2021 10:14:59 GMT
£50 auto on both today, notifications pre launch "10 mins" and purchases notification "30/40" mins after launch time. Got £50 on the first and £60.88 on the second. Less than £300 available cash but limit is set at £3,000 odd I believe
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cjw77
New Member
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Post by cjw77 on Oct 27, 2021 10:26:44 GMT
Is it just me or have we stopped getting email notifications of upcoming loans? Hiding in my spam lately...
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ton27
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Post by ton27 on Oct 28, 2021 8:37:09 GMT
Yes, lowest ever allocation for me too. Very disappointing state of affairs, as many lenders have been commenting for a long time, but nobody at CP gives a monkeys. At the moment CP "do not have to give a monkey's" because all loans have high demand. I do not like to say it but it feels a bit like the "feeding frenzy" there once was at Lendy (and before that Thincats). Not sure how much lender DD there is but CP seems to be a different animal from Lendy/TC. I hope so!
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dave4
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Cynical is a hobby not a lifestyle
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Post by dave4 on Oct 28, 2021 8:59:50 GMT
There have been some loans (2 within the last 6 months) where Questions / or interesting history have been raised about lenders and or loans. These usually fill slower (20 mins to an hour ish). So DD is being done by some lenders. I suspect the popularity will continue until something happens, and then we will how well CP handle it and this will affect the lender herd.
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Post by ch1983 on Oct 28, 2021 9:13:45 GMT
Did anybody manage to manual pledge?
It seemed to fill up within the first 10 seconds of opening with no opportunity to manual pledge. Despite having lots of funds available I only got autoinvested £50
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Post by Ace on Oct 28, 2021 9:18:54 GMT
Did anybody manage to manual pledge? It seemed to fill up within the first 10 seconds of opening with no opportunity to manual pledge. Despite having lots of funds available I only got autoinvested £50 I missed out on manual. First time I've missed one for ages. I felt I was pretty quick, didn't miss any key presses, so went faster than usual.
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Post by overthehill on Oct 28, 2021 9:43:04 GMT
Did anybody manage to manual pledge? It seemed to fill up within the first 10 seconds of opening with no opportunity to manual pledge. Despite having lots of funds available I only got autoinvested £50 I missed out on manual. First time I've missed one for ages. I felt I was pretty quick, didn't miss any key presses, so went faster than usual.
You have 10s. 10:00 reload, click, click, paste in amount, click, click , click !!
Only reason I invested is I'm expecting repayments with one eye on the new projects queue, and not just the rates.
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Post by overthehill on Oct 28, 2021 9:53:46 GMT
Yes, lowest ever allocation for me too. Very disappointing state of affairs, as many lenders have been commenting for a long time, but nobody at CP gives a monkeys. At the moment CP "do not have to give a monkey's" because all loans have high demand. I do not like to say it but it feels a bit like the "feeding frenzy" there once was at Lendy (and before that Thincats). Not sure how much lender DD there is but CP seems to be a different animal from Lendy/TC. I hope so!
I'm not sure CP are doing anything unfair to any investor, you've got manual and autoinvest investors complaining, they can't satisfy both when demand > supply. I'm sure nobody wants them to start fast tracking loans to increase volume, that would be just like the platforms which screwed investors if I'm not mistaken. I was only in FS which was a lot more than incompetence and lack of due diligence.
Frenzy is a good description and I'm shrinking my investment down closer to other platforms. I don't like the way CP don't provide the valuation and legal documentation and the way they are now making it harder for people to find historic loans due to website changes. Maybe they feel investors don't need to and it just increases the support burden, it's their model take it or leave it.
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easylender
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Post by easylender on Oct 28, 2021 10:45:19 GMT
Big (garden centre) loan coming up tomorrow, but sadly I'm already up to my limit with that borrower.
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ton27
Member of DD Central
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Post by ton27 on Oct 28, 2021 12:53:04 GMT
At the moment CP "do not have to give a monkey's" because all loans have high demand. I do not like to say it but it feels a bit like the "feeding frenzy" there once was at Lendy (and before that Thincats). Not sure how much lender DD there is but CP seems to be a different animal from Lendy/TC. I hope so!
I'm not sure CP are doing anything unfair to any investor, you've got manual and autoinvest investors complaining, they can't satisfy both when demand > supply. I'm sure nobody wants them to start fast tracking loans to increase volume, that would be just like the platforms which screwed investors if I'm not mistaken. I was only in FS which was a lot more than incompetence and lack of due diligence.
Frenzy is a good description and I'm shrinking my investment down closer to other platforms. I don't like the way CP don't provide the valuation and legal documentation and the way they are now making it harder for people to find historic loans due to website changes. Maybe they feel investors don't need to and it just increases the support burden, it's their model take it or leave it.
I agree, CP are probably not being unfair and are trying to find some sort of compromise when demand >supply (seems like every loan) but it is still hard to keep fully invested (I also missed the last two manual bids) - perhaps they should reduce the pledges to £500 (the min on manual bidding) for the first 10 minutes.
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firedog
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Post by firedog on Oct 28, 2021 19:23:34 GMT
Did anybody manage to manual pledge? It seemed to fill up within the first 10 seconds of opening with no opportunity to manual pledge. Despite having lots of funds available I only got autoinvested £50 I missed out on manual. First time I've missed one for ages. I felt I was pretty quick, didn't miss any key presses, so went faster than usual. I managed, yeah. Secret to my success was to copy the amount I wanted to pledge beforehand into the clipboard so it was a simple paste to put in the amount. Saved about 0.5 seconds.
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sussexpeer
Member of DD Central
If you don't make a plan, you'll end up where you're headed.
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Post by sussexpeer on Dec 5, 2021 9:43:24 GMT
This probably also applies to the " How can you stay fully invested?" thread... The week beginning tomorrow is indeed a biggie for CP; 3 projects totalling a humungous £5.5Million are up for grabs. That should soak up some of the Auto Invest funds swilling around investors' bilge tanks. It should be noted that the Tues (Abe*g***) and Thurs (Liv**p***) offers are being managed by Mr B***y **ods, the former being the project hit by the collapse of FS.
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Post by overthehill on Dec 5, 2021 17:30:41 GMT
This probably also applies to the " How can you stay fully invested?" thread... The week beginning tomorrow is indeed a biggie for CP; 3 projects totalling a humungous £5.5Million are up for grabs. That should soak up some of the Auto Invest funds swilling around investors' bilge tanks. It should be noted that the Tues (Abe*g***) and Thurs (Liv**p***) offers are being managed by Mr B***y **ods, the former being the project hit by the collapse of FS.
Thanks for the heads up, I started reducing my portfolio when I suddenly realised the type of borrowers CP were willing to do business with. Pawn loans with secured asset, rock solid secured bridge loans not a problem, development or business loans no thanks. The first loan doesn't mention a tranche so it might not be the infamous one and based on my own experiences the second loan is an area I no longer invest. I might invest more than normal in the middle loan as the pipeline doesn't look very appetizing in terms of rate, amount or location if I get a rush of repayments.
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Post by Ace on Dec 5, 2021 18:21:56 GMT
This probably also applies to the " How can you stay fully invested?" thread... The week beginning tomorrow is indeed a biggie for CP; 3 projects totalling a humungous £5.5Million are up for grabs. That should soak up some of the Auto Invest funds swilling around investors' bilge tanks. It should be noted that the Tues (Abe*g***) and Thurs (Liv**p***) offers are being managed by Mr B***y **ods, the former being the project hit by the collapse of FS.
Thanks for the heads up, I started reducing my portfolio when I suddenly realised the type of borrowers CP were willing to do business with. Pawn loans with secured asset, rock solid secured bridge loans not a problem, development or business loans no thanks. The first loan doesn't mention a tranche so it might not be the infamous one and based on my stats the second loan is an area I no longer invest. I might invest more than normal in the middle loan as the pipeline doesn't look very appetizing in terms of rate, amount or location if I get a rush of repayments.
All tranches of the "infamous" loan have already been funded, and this loan is a different rate to the infamous one. My guess is that this one is the first (perhaps only) tranche of a new phase of the same development, as the infamous loan security also included " a wider site with planning consent in place for a further 47 residential units".
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