Essential maintenance on the 28th September 2021 (Z)

Looking a bit to me as if ZOPA is close to collapse.
Given that banks are lending at very low rates, why would anyone want to use our money, plus a markup, when they could get a bank loan.
I've stopped any re-lending and pulling cash out.

I think this signals the end of P to P lending - and zopa bless their socks have been very careful in the way they've run it - no dodgy deals like lendy - but I think they've had their time. 

Same


Although it might not be obvious unless you keep a regular eye on the various totals. The most obvious place to see it is in the recoveries part of the statement (mine was showing much higher than normal). Of course you'll only see money from the debt sale if you had loans that have been sold in that sale.

I have a copy of last months and this months loanbook and i usually just compare the loans showing settled for the loans not showing it last month i think there were 3 for me but I should have checked the statements info as it was marked on there but haven't been able to when it went down!. I can report the loan ids i have but need to check mrs aju 

Oops, Mrs Aju has lost access to her Fixed Term Savings accounts again, Both were there yesterday and looked correct but today (last 5 minutes or so when i checked) they have gone again!.

This is getting worse and the loanbooks are still not available, also looks like P2P returns are down on the month but i'm guessing they will appear at some point.

My instinct is still that they are hot fixing one thing and breaking another. I wonder how long it will be before the FCA steps in!   (Probably won't even notice!)

Message says above the Dashboard today say's
No they are not! ....

Am i being a bit thick, but isn't the whole point of a stress test to try and break the system. So how they can they say they were not expecting a serious impact and were unable to forewarn us?

As iRobot said it should test that the system can handle a particular load (usually somewhat higher than a normal peak) ideally without falling over, and if it does break it should do so in a clean and safe way so that it works again when the load goes away.

I would expect any decent business to run their load testing (and any other changes) in a separate environment first before unleashing it on the main production systems. Different businesses work in different ways but some of the following are common environments to have: development, staging, pre-production, testing, hot standby. They probably won't have all of those but should have something that's a close (ideally exact) replica of the production systems so every change can be tested there first.

Having dealt with a few IT changes that have broken over the years (and plenty more that worked as planned) I'm struggling to see how a well planned and tested stress test could lead to several days of outage. Assuming something like a pre-prod environment that's a close match to production (and if they don't have something along those lines why not?) then this stress test should have been run there up to (and past) breaking point and the same issue should have shown up there first and could have been fixed before impacting the production systems.

The current message suggests savings balances are visible but they’re not.
Both the wife and I have very large amounts maturing and we were considering maturing into a new savings product with Zopa but we may have to reconsider.