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Post by pepperpot on Dec 21, 2013 10:45:59 GMT
Don't know how long it's been up but the report is available now
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bugs4me
Member of DD Central
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Post by bugs4me on Dec 21, 2013 11:08:26 GMT
thanks for using the quiet voice this time. To Andrew and Pepperpot. I didn't find the slider worked very well. All it seems to do - or did for me - is select the requisite number of parts at the top of the list. Yes that worked, but when I used it another time it result in a selection which couldn't complete because the selected loan parts were no longer for sale. There were more parts listed however. I had a couple of issues with the slider yesterday, the first time I tried to use it I had the problem you describe, the second time it showed silly numbers i.e. pounds and pence rather than multiples of £100, hence I ended up manually selecting from the bottom of the list. Agreed, the slider bar does need a tweak here and there. Finished up just clicking on the parts I wanted as the slider was showing odd numbers as you described. Now where's Chris............ 
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bugs4me
Member of DD Central
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Post by bugs4me on Dec 21, 2013 11:54:52 GMT
I had a couple of issues with the slider yesterday, the first time I tried to use it I had the problem you describe, the second time it showed silly numbers i.e. pounds and pence rather than multiples of £100, hence I ended up manually selecting from the bottom of the list. Agreed, the slider bar does need a tweak here and there. Finished up just clicking on the parts I wanted as the slider was showing odd numbers as you described. Now where's Chris............ Okay it's probably not a problem as the slider automatically adjusts. So if it shows £505 then you pick up £500 if the loan units are £100. No need for Chris
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Post by pepperpot on Dec 21, 2013 11:54:54 GMT
Another batch up for sale, a similar amount to the first lot yesterday so mikes1531 might have been right in that I got a decimal out of place as they're all from the same name. Apologies Mike! The slider just divides your available balance hence the odd figures, I just went a few pounds over what I wanted (about £26 IIRC) and it selected up to the nearest 100 and went through without a hitch. I think the problems mentioned by mikes1531 and bracknellboy will occur when there is more than one person selecting the same loan part. I guess it will appear to work for whoever hits 'buy' first, but the net result for mikes1531 seems to have been he got what he wanted so the system might just correct itself but confusingly display both the error and success msgs at the same time, that's where the tweak needs to happen. The one time both msgs would be appropriate is e.g. 10 parts available and 2 people both request 6, in theory, whoever hits 'buy' first will get 6 and the unlucky slower punter will have 4 resulting in both error and success. |
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Post by yorkshireman on Dec 21, 2013 12:14:03 GMT
Do I detect an underlying note of hypocrisy in this thread?
It’s OK to buy into a loan with little information on AC yet autobidders on FC are castigated for buying without due diligence.
For the record, I’m not an autobidder!
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Post by yorkshireman on Dec 21, 2013 12:22:17 GMT
Do I detect an underlying note of hypocrisy in this thread? It’s OK to buy into a loan with little information on AC yet autobidders on FC are castigated for buying without due diligence. For the record, I’m not an autobidder! Perhaps my statement was badly worded.
I’m not suggesting that any comments on this particular thread are hypocritical, I’m actually referring to comments elsewhere and on the old forum.
Apologies if I caused any offence.
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Post by mrclondon on Dec 21, 2013 12:32:26 GMT
Do I detect an underlying note of hypocrisy in this thread? It’s OK to buy into a loan with little information on AC yet autobidders on FC are castigated for buying without due diligence. For the record, I’m not an autobidder! A valid question (irrespective of whether it was badly worded ). I did buy a few loan parts yesterday evening based on the minimal details but a significant amount more this morning after reading the credit report and a bit of research. So why did I buy anything prior to the credit report being uploaded ? A knowledge of which loans certain lenders choose to bid or not bid on is IMO itself valid due diligence, and a belief that the bidders accounting for c. 50% of this loan wouldn't be involved unless they had indeed done their own thorough due diligence.
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Post by mrclondon on Dec 21, 2013 12:48:24 GMT
A slightly different slider problem for me earlier. As pepperpot described earlier the exact value selected by the slider isn't that important because as you move it the large font message underneath it updates e.g. 5 units selected totalling £500.00 However for some reason this morning this message was very sloooow to update and in my impatience to get some more parts I hadn't spotted it still read 0 units selected totalling £0.00 despite the slider being far right. Unfortuately there is no error trap on this and the software will process the request regardless and report "You have purchased the requested loan parts successfully." even though no parts have actually been purchased.
I'll add a message on the suggestions box thread referring back to here so these glitches don't get lost during the holiday period.
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Post by pepperpot on Dec 21, 2013 13:17:10 GMT
Do I detect an underlying note of hypocrisy in this thread? It’s OK to buy into a loan with little information on AC yet autobidders on FC are castigated for buying without due diligence. For the record, I’m not an autobidder! A valid question (irrespective of whether it was badly worded ). I did buy a few loan parts yesterday evening based on the minimal details but a significant amount more this morning after reading the credit report and a bit of research. So why did I buy anything prior to the credit report being uploaded ? A knowledge of which loans certain lenders choose to bid or not bid on is IMO itself valid due diligence, and a belief that the bidders accounting for c. 50% of this loan wouldn't be involved unless they had indeed done their own thorough due diligence. Agreed, and my fail safe was, as it was going to start earning from day 1, the re-sale fee will have been made in 12 days so I could just drop it back onto the aftermarket at no great loss if I thought the report looked iffy. I think it's also confidence in the platform, how many Q's have FC answered on here? even though they're clearly lurking around. Something that I find bizarre, as it's possible for anyone to read the posts, why make an account if your going to keep quiet?
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merlin
Minor shareholder in Assetz and many other companies.
Posts: 902 
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Post by merlin on Dec 21, 2013 14:13:29 GMT
Another factor that encourages people to buy in without seeing all the financials is of course security. On Assetz there is normally substantial assets backing the proposed loan whereas on FC in autobid mode the best you are likely to get is the notorious Directors guarantee or put a different way a promise to cough-up if the loan goes peer shaped. Which as many of us on here will no doubt testify is often not worth a bean. At least with Assetz from the word go there is a realistic chance of recovering your capital or a substantial part of it if the loan goes bad.
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bugs4me
Member of DD Central
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Post by bugs4me on Dec 21, 2013 15:04:19 GMT
Another factor that encourages people to buy in without seeing all the financials is of course security. On Assetz there is normally substantial assets backing the proposed loan whereas on FC in autobid mode the best you are likely to get is the notorious Directors guarantee or put a different way a promise to cough-up if the loan goes peer shaped. Which as many of us on here will no doubt testify is often not worth a bean. At least with Assetz from the word go there is a realistic chance of recovering your capital or a substantial part of it if the loan goes bad. Oh no - not another one stung the the notorious Directors guarantee at FC.  Most of the AC stuff seems to be firmly backed by genuine assets. The odd one here and there - well it's a personal call whether to invest or not.
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mikes1531
Member of DD Central
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Post by mikes1531 on Dec 21, 2013 16:04:35 GMT
Another factor that encourages people to buy in without seeing all the financials is of course security. On Assetz there is normally substantial assets backing the proposed loan whereas on FC in autobid mode the best you are likely to get is the notorious Directors guarantee or put a different way a promise to cough-up if the loan goes peer shaped. Which as many of us on here will no doubt testify is often not worth a bean. At least with Assetz from the word go there is a realistic chance of recovering your capital or a substantial part of it if the loan goes bad. As far as I am concerned, this is the big difference between Assetz and FC, and is why I'm not involved with FC. Doing the appropriate analysis of FC opportunities -- as with the late lamented Zopa Listings -- would take too long relative to the potential earnings.
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mikes1531
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Post by mikes1531 on Dec 21, 2013 20:15:22 GMT
(Quiet voice this time) There are more for sale now. 
I didn't notice how long it took, but the second tranche seems to have been completely taken up. I wonder how much -- if any -- more there is to come.
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oldgrumpy
Member of DD Central
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Post by oldgrumpy on Jan 3, 2014 11:07:38 GMT
A slightly different slider problem for me earlier. As pepperpot described earlier the exact value selected by the slider isn't that important because as you move it the large font message underneath it updates e.g. 5 units selected totalling £500.00 However for some reason this morning this message was very sloooow to update and in my impatience to get some more parts I hadn't spotted it still read 0 units selected totalling £0.00 despite the slider being far right. Unfortuately there is no error trap on this and the software will process the request regardless and report "You have purchased the requested loan parts successfully." even though no parts have actually been purchased. I'll add a message on the suggestions box thread referring back to here so these glitches don't get lost during the holiday period. An odd little anomaly appeared when using the aftermarket purchase slider today. Instructing the slider to spend £600, it indicated I had bought five units rather than six. I had to tick the sixth unit manually. Telling slider to spend £601 managed to tick the six units required at the time. Happy new year, ladies and gents .... virtual bananas all round  
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Post by chris on Jan 3, 2014 14:47:10 GMT
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