coop
Member of DD Central
Posts: 714 
Likes: 571
|
Post by coop on Feb 26, 2015 14:15:27 GMT
And I imagine I would be equally dismissive of his dismissal!
Just hope for his sake he's done his sums!
|
|
blender
Member of DD Central
Posts: 5,719
Likes: 4,272
|
Post by blender on Feb 26, 2015 14:34:10 GMT
More money than sense springs to mind  I imagine that he would be (somewhat justifiably) dismissive of such comments and would not have a problem in being underestimated by other users. Have you just let your mask slip, Wysiati?
|
|
nick
Member of DD Central
Posts: 1,056
Likes: 825
|
Post by nick on Feb 26, 2015 14:38:07 GMT
I haven't been able to list any loan parts on the SM for a couple of hours. The loan parts show up on my loans for sale, but none appear when looking at loans through my second account. Anyone else notice this? Usual response from FC - ie they will take a look and get back to me by the end of the year........
|
|
nick
Member of DD Central
Posts: 1,056
Likes: 825
|
Post by nick on Feb 26, 2015 14:55:49 GMT
Ok, thanks for that. Must be me - time for a reboot.....
|
|
adrianc
Member of DD Central
Posts: 10,017
Likes: 5,146
Member is Online
|
Post by adrianc on Feb 26, 2015 16:32:33 GMT
Look what happened with 11149 (he snagged about 75K at 14.9%) and you see why he does it. Only one of his parts up for sale at the moment, at +1.9%. I assume he's testing the water, though it could be that all but one part has sold. <shrug> So one closes and actually draws down at 14.9%. Great. Look at the frequency of that happening, and the risks of default if he's holding to term, versus the amount of money he's got out there tied up in bids and earning zero, and it still doesn't make sense. But maybe that's why I don't have hundreds of grand to wave about like that...
|
|
coop
Member of DD Central
Posts: 714
Likes: 571
|
Post by coop on Feb 26, 2015 17:02:42 GMT
Maybe it's someone working for FC and it's all some sort of massive conspiracy...  |
|
|
|
Post by GSV3MIaC on Feb 26, 2015 17:50:03 GMT
Look what happened with 11149 (he snagged about 75K at 14.9%) and you see why he does it. Only one of his parts up for sale at the moment, at +1.9%. I assume he's testing the water, though it could be that all but one part has sold. <shrug> So one closes and actually draws down at 14.9%. Great. Look at the frequency of that happening, and the risks of default if he's holding to term, versus the amount of money he's got out there tied up in bids and earning zero, and it still doesn't make sense. But maybe that's why I don't have hundreds of grand to wave about like that... I don't think he's holding to term, or he'd probably bid £2ks not £960s. You'd guess he's a higher rate tax payer, so profit on parts sales (at least until HMRC decides it's his business) are tax-wise better than collecting interest. But yes, an awful lot of cash being waved around, must surely be into 7 figures... which is presumably why FC don't wave a yellow or red card at him.
|
|
coop
Member of DD Central
Posts: 714
Likes: 571
|
Post by coop on Feb 26, 2015 18:15:54 GMT
They have no problem filling loans though; if he was really causing the system grief they could live without him imo
|
|
|
|
Post by GSV3MIaC on Feb 26, 2015 19:44:49 GMT
They =could= live without anyone, even the BBB .. it is a balance of hassle vs rewards. And if he sells they get an extra 0.25%, which isn't bad on £75k
However I guess he must have run out of cash, since he has failed to bomb 11184, which looks like a classic target.
|
|
wysiati
Member of DD Central
Posts: 397
Likes: 86
|
Post by wysiati on Feb 26, 2015 20:27:30 GMT
I imagine that he would be (somewhat justifiably) dismissive of such comments and would not have a problem in being underestimated by other users. Have you just let your mask slip, Wysiati? Alas, no.
|
|
|
|
Post by GSV3MIaC on Mar 4, 2015 16:48:41 GMT
Yep, I guess it could be 'random by seller' (which means if a big flipper gets picked first nobody else will get a look in). Or maybe it is not random, maybe it is now FIFO instead of LIFO? Secondary market part listing: - FC confirmed to me that the default sort order is by loan part ID/number. I assume that this applies within another sort (like by buyer rate) too. So basically if you buy 10 parts as a block, you will probably sell them as a block too (assuming they are all marked up the same). Autobuy/bid =purchases= them at random, so this doesn't apply to parts listed at par, just parts sold at a discount or premium. Doesn't sound like the best idea they ever had, but I guess 'random' was harder to implement.
|
|
fasty
Member of DD Central
Posts: 1,038
Likes: 388
|
Post by fasty on Mar 4, 2015 18:55:54 GMT
Can anyone successfully use "view repayment schedule" (under Summary/My Loan Parts) ?? I seem to get an "Internal Server Error" at every attempt now. Has the Fumbling Circus hamster wheel seized?
|
|
|
|
Post by longjohn on Mar 4, 2015 19:33:30 GMT
Can anyone successfully use "view repayment schedule" (under Summary/My Loan Parts) ?? I seem to get an "Internal Server Error" at every attempt now. Has the Fumbling Circus hamster wheel seized? I've just logged on and tried it. Got mine successfully. John
|
|
maxmarengo
Member of DD Central
Posts: 96
Likes: 28
|
Post by maxmarengo on Mar 4, 2015 19:34:06 GMT
Secondary market part listing: - FC confirmed to me that the default sort order is by loan part ID/number. I assume that this applies within another sort (like by buyer rate) too. So basically if you buy 10 parts as a block, you will probably sell them as a block too (assuming they are all marked up the same). Autobuy/bid =purchases= them at random, so this doesn't apply to parts listed at par, just parts sold at a discount or premium. Doesn't sound like the best idea they ever had, but I guess 'random' was harder to implement. I had a look at the listing order when you select an individual Loan Id to buy from. Every part on the SM has a unique number incremented each time a new part is listed. If you look at parts with the same buyer rate and price, then the SM Numbers are not sequential. For example, there is a large loan I looked at with 62 parts at 2.5% markup. It looks like parts were listed in 3 or 4 batches which are now mixed together. You can not see the part numbers, but this analysis appears to support the idea that buyers parts are not displayed in blocks, but are mixed together.
|
|
fasty
Member of DD Central
Posts: 1,038
Likes: 388
|
Post by fasty on Mar 4, 2015 19:47:27 GMT
Thanks for trying, John. I'm still getting HTTP 500 Internal Server Error in response to "View Repayment Schedule" on my PC using Internet Explorer 11. Just tried Chrome browser on my tablet, and another mobile device, and they both just gave a blank white page. Odd. Maybe phone FC if it persists.
|
|
