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Post by mrclondon on Jan 22, 2016 15:40:41 GMT
chris - possible bug with the new upcoming loans functionality. The csv download file contains 2 rows with a loan number (#224 & #214), and 31 rows without. The website pipeline section is displaying the 31 rows, but the upcoming section is only displaying 1 row (#224).
Looks as if either the website upcoming section should be displaying 2 rows, or the csv file shouldn't be containing a row for #214.
(#214 is £140k, 9%, 60 months due to draw down 29th Jan )
EDIT : looks like it was csv the was wrong.
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Post by chris on Jan 22, 2016 15:42:24 GMT
chris - possible bug with the new upcoming loans functionality. The csv download file contains 2 rows with a loan number (#224 & #214), and 31 rows without. The website pipeline section is displaying the 31 rows, but the upcoming section is only displaying 1 row (#224).
Looks as if either the website upcoming section should be displaying 2 rows, or the csv file shouldn't be containing a row for #214.
(#214 is £140k, 9%, 60 months due to draw down 29th Jan )
Will get it checked, thanks. I did see #214 earlier so need to check what happened to it.
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agent69
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Post by agent69 on Jan 22, 2016 17:00:38 GMT
Nice big 12% bridging loan appeared for possible January drawdown.The overall list is long now. Good to see even if some of the rates (which may change) are lower than expected. At least we can see what is bubbling along behind the scenes, and AC do not need to answer incessant repetitive questions, (which must've been really time wasting). Wow! That's (almost) a £six million pound loan. Is that why the QAA needs to be 6 mil?
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agent69
Member of DD Central
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Post by agent69 on Jan 22, 2016 17:05:39 GMT
There are currently 34 loans we are planning to list in the next 2-8 weeks that range from 7% to 15%, at an average rate of 10.5%. I can see 6 loans at 7% but nothing at 15%. The average might be 10.5%, but that is grossly distorted by one £6m loan at 12%. Take that out and the average rate for the remaining 33 loans must be well down into single figures.
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Post by chris on Jan 22, 2016 17:08:48 GMT
Wow! That's (almost) a £six million pound loan. Is that why the QAA needs to be 6 mil? No, the QAA could not be used in that way with that amount tied up in one loan.
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agent69
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Post by agent69 on Jan 22, 2016 17:09:43 GMT
I assumed there must be a minimum rate for a loan to be "eligible" for the GBBA, but I can't find mention of it anywhere. chris , can you shed any light? Edit: The restaurant loan isn't GBBA compliant Because it's an Italian restaurant?
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Post by chris on Jan 22, 2016 17:12:43 GMT
Edit: The restaurant loan isn't GBBA compliant Because it's an Italian restaurant? LTV is just outside of bounds for the rate with the current criteria. Those criteria are being reviewed so it may qualify in future.
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Post by chris on Jan 22, 2016 17:13:50 GMT
I think that these days, anything offering 8% instead of SavingStream's 12% is going to have to be pretty much perfect. AC's offering just gets more and more complex and black box and SavingStream's offering is as trivial and as instant as a deposit account. AC's low rate offerings are going to have to accept to be challenged repeatedly. Oh, and I didn't go near any 6.5% loan on AC. How exactly is AC more complex than SS?
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Post by chris on Jan 22, 2016 17:23:32 GMT
How exactly is AC more complex than SS? You're kidding right? No I'm really not. Because if you look into the detail of SS it's not at all straight forward or easy, there are complex games to be played to get the investments you want. Nor is SS remaining dedicated to staying easy - every time they reach a problem that others have planned for they end up having to add complexity. How long do you think they will offer only one rate? Is being the fastest to solve a puzzle the easiest way to buy on the aftermarket? How easy was it during the bot wars? What will happen when the bots come back as they appear to be starting to do? How do you invest the exact amount you want in a really big loan when you have to guess at the multiple you need to set your target to in order to get the right amount? How is their distribution algorithm in smaller loans simpler than ours when it's a near direct copy? How do you ensure your money is safe in their client money account with their invest now pay later mechanism, do you know the detail? In the QAA, GBBA or GEIA all you do is invest your money. One transfer and you're done. If you want the complexity of the MLIA then even there we give you hands off tools so you can compete equally with the other "institutionalised" bots so you can invest without being glued to your computer screen trying to solve captcha puzzles. If you want to understand every nook and cranny of the offering then there is complexity in all the platforms.
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mikeb
Posts: 1,072
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Post by mikeb on Jan 22, 2016 17:24:15 GMT
Nice big 12% bridging loan appeared for possible January drawdown.The overall list is long now. Good to see even if some of the rates (which may change) are lower than expected. At least we can see what is bubbling along behind the scenes, and AC do not need to answer incessant repetitive questions, (which must've been really time wasting). "The overall list is" whatnow? AC Email Campaign: "There are currently 34 loans in the pipeline for you to review." Me: Showing 1 - 1 of 1 entries ... the italian restaurant. And .... now that' s disappeared too. I'm at :- www.assetzcapital.co.uk/loans/coming-soon?view=listWhere are you looking for this pipeline of 6 - 34 (variable, estimated) loans? Oh I see -- when viewed as "table" you get the pipeline, and when viewed as a "list" you get nothing. Bug, chris?
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Post by chris on Jan 22, 2016 17:27:06 GMT
Nice big 12% bridging loan appeared for possible January drawdown.The overall list is long now. Good to see even if some of the rates (which may change) are lower than expected. At least we can see what is bubbling along behind the scenes, and AC do not need to answer incessant repetitive questions, (which must've been really time wasting). "The overall list is" whatnow? AC Email Campaign: "There are currently 34 loans in the pipeline for you to review." Me: Showing 1 - 1 of 1 entries ... the italian restaurant. And .... now that' s disappeared too. I'm at :- www.assetzcapital.co.uk/loans/coming-soon?view=listWhere are you looking for this pipeline of 6 - 34 (variable, estimated) loans? Oh I see -- when viewed as "table" you get the pipeline, and when viewed as a "list" you get nothing. Bug, chris ? You are correct, the list view appears to not include the second set of data. I'll raise it with the developers but it won't be until Monday that it's fixed.
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kermie
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Post by kermie on Jan 22, 2016 17:27:43 GMT
Italian restaurant went live about 17:13. Evviva! (sorry, could not resist).
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stevio
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Post by stevio on Jan 22, 2016 17:31:06 GMT
No I'm really not. Because if you look into the detail of SS it's not at all straight forward or easy, there are complex games to be played to get the investments you want. Nor is SS remaining dedicated to staying easy - every time they reach a problem that others have planned for they end up having to add complexity. How long do you think they will offer only one rate? Is being the fastest to solve a puzzle the easiest way to buy on the aftermarket? How easy was it during the bot wars? What will happen when the bots come back as they appear to be starting to do? How do you invest the exact amount you want in a really big loan when you have to guess at the multiple you need to set your target to in order to get the right amount? How is their distribution algorithm in smaller loans simpler than ours when it's a near direct copy? How do you ensure your money is safe in their client money account with their invest now pay later mechanism, do you know the detail? In the QAA, GBBA or GEIA all you do is invest your money. One transfer and you're done. If you want the complexity of the MLIA then even there we give you hands off tools so you can compete equally with the other "institutionalised" bots so you can invest without being glued to your computer screen trying to solve captcha puzzles. If you want to understand every nook and cranny of the offering then there is complexity in all the platforms. At least you have more chance of getting your money back with SS, which is pretty dam important!!!!!!!!!!!!!!!!!!!
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Post by Ton ⓉⓞⓃ on Jan 22, 2016 18:22:36 GMT
If anyone's interested ( ilmoro?) the allocation size was £910.12 for #224 |
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Post by chris on Jan 22, 2016 18:22:48 GMT
No I'm really not. Because if you look into the detail of SS it's not at all straight forward or easy, there are complex games to be played to get the investments you want. Nor is SS remaining dedicated to staying easy - every time they reach a problem that others have planned for they end up having to add complexity. How long do you think they will offer only one rate? Is being the fastest to solve a puzzle the easiest way to buy on the aftermarket? How easy was it during the bot wars? What will happen when the bots come back as they appear to be starting to do? How do you invest the exact amount you want in a really big loan when you have to guess at the multiple you need to set your target to in order to get the right amount? How is their distribution algorithm in smaller loans simpler than ours when it's a near direct copy? How do you ensure your money is safe in their client money account with their invest now pay later mechanism, do you know the detail? In the QAA, GBBA or GEIA all you do is invest your money. One transfer and you're done. If you want the complexity of the MLIA then even there we give you hands off tools so you can compete equally with the other "institutionalised" bots so you can invest without being glued to your computer screen trying to solve captcha puzzles. If you want to understand every nook and cranny of the offering then there is complexity in all the platforms. My primary worry is new lenders. SavingStream is trivial to explain to the new P2P investor. AC would take several hours. Register -> Complete the ID check -> Deposit funds directly into the account you want to invest in (GEIA / GBBA / QAA) and the account manages the investment for you. I completely agree we can do a better job of explaining that but the actual system of investing is trivial unless you want to go into the detail, start reading credit reports, and picking and choosing which loans you invest in.
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