oldgrumpy
Member of DD Central
Posts: 5,087 
Likes: 3,233
|
Post by oldgrumpy on Jan 21, 2014 15:16:02 GMT
Is there to be a restriction on pre bidding, e.g 50% of the loan amount?
|
|
|
|
Post by chris on Jan 21, 2014 15:19:34 GMT
Is there to be a restriction on pre bidding, e.g 50% of the loan amount? Not currently. It introduces a race for people to place their pre-bids which seems counter productive. Bids (and pre-bids) on the Kidderminster loan have been restricted to £3k per lender which will be eased if it struggles to fill.
|
|
|
|
Post by pepperpot on Jan 21, 2014 15:35:37 GMT
I am not very comfortable with this development. I will wait and see how it develops, but anything that sucks money in quicker and deters due dligence is bad news. My initial response is long live TC. With the ability to cancel the pre-bid before the loan goes live, it still allows for DD without committing funds, just puts you in a queue if you can't be there at 4pm on the nose. And people are exercising that right already pre-bids were over 24k when I first looked now under 21k, probably just having a play with a new toy 
|
|
|
|
Post by batchoy on Jan 21, 2014 15:47:20 GMT
I'm in two minds on this one, on the one hand I don't want to be forced into pre-bidding in order secure loan parts before I have been able to finish my own DD, however I'm not about for tomorrow's auction so it does mean there is the potential to take part even though I'm going to be at my keyboard.
|
|
oldgrumpy
Member of DD Central
Posts: 5,087
Likes: 3,233
|
Post by oldgrumpy on Jan 21, 2014 16:05:59 GMT
I've got this appearing at the top of my account dashboard page but my first bid was six months ago.  "Your next step to get lending...
Place your first bid on one of our loans.
Click here to do this step now or click "Lend" from the main menu." |
|
|
|
Post by chris on Jan 21, 2014 16:07:39 GMT
|
|
|
|
Post by chris on Jan 21, 2014 16:12:06 GMT
On a separate note is the horseshoe graphy thing working for everyone across all browsers? We've tested as best we can, using services like browser stack, but we can't test with all combinations of browser, operating system, toolbar, and plugin. The graph is dependent on Raphael JS and has been tested all the way back to IE6. If the tests on Raphael's website work then the graph should work for you. |
|
bugs4me
Member of DD Central
Posts: 1,845
Likes: 1,478
|
Post by bugs4me on Jan 21, 2014 16:16:29 GMT
On a separate note is the horseshoe graphy thing working for everyone across all browsers? We've tested as best we can, using services like browser stack, but we can't test with all combinations of browser, operating system, toolbar, and plugin. The graph is dependent on Raphael JS and has been tested all the way back to IE6. If the tests on Raphael's website work then the graph should work for you. Working fine on Firefox & Pale Moon
|
|
oldgrumpy
Member of DD Central
Posts: 5,087
Likes: 3,233
|
Post by oldgrumpy on Jan 21, 2014 16:17:52 GMT
Horse shoe thingy grey and filling up gradually. Cursor hovering shows £27.6K 9.52% filled.
Firefox 26 Windows Vista
|
|
|
|
Post by chris on Jan 21, 2014 16:18:51 GMT
I've got this appearing at the top of my account dashboard page but my first bid was six months ago. "Your next step to get lending...
Place your first bid on one of our loans.
Click here to do this step now or click "Lend" from the main menu."This should be fixed now - logic fail ("or" being used instead of "and").
|
|
TFTO
Member of DD Central
Posts: 143
Likes: 71
|
Post by TFTO on Jan 21, 2014 16:21:38 GMT
Hi Chris,
Have you done anything aout the security changes that were discussed a liitle while ago - particularly the nominated bank account?
Thanks,
Chris.
|
|
oldgrumpy
Member of DD Central
Posts: 5,087
Likes: 3,233
|
Post by oldgrumpy on Jan 21, 2014 16:23:47 GMT
I've got this appearing at the top of my account dashboard page but my first bid was six months ago. "Your next step to get lending...
Place your first bid on one of our loans.
Click here to do this step now or click "Lend" from the main menu."This should be fixed now - logic fail ("or" being used instead of "and"). Correct. It's gone now. Have a banana!
|
|
|
|
Post by chris on Jan 21, 2014 16:30:23 GMT
Hi Chris, Have you done anything aout the security changes that were discussed a liitle while ago - particularly the nominated bank account? Thanks, Chris. The change to encrypt security question answers has been implemented but is still being tested. We're being extra cautious with that one due to the potential for massive disruption if we make any mistakes. Other security changes, including nominated bank accounts, are still being debated internally with some discussions happening with selected lenders, and will be prioritised in due course once we've decided on our exact approach. Edit: I should also add that we've already made some changes to the hosting setup and firewall rules to increase segregation of servers and improve security. These changes were introduced last Tuesday when we upgraded our server infrastructure.
|
|
agent69
Member of DD Central
Posts: 6,042
Likes: 4,437
|
Post by agent69 on Jan 21, 2014 19:04:11 GMT
I am not very comfortable with this development. I will wait and see how it develops, but anything that sucks money in quicker and deters due dligence is bad news. My initial response is long live TC. And people are exercising that right already pre-bids were over 24k when I first looked now under 21k, probably just having a play with a new toy Currently at £80k. Must admit that I had a small dabble myself (just to check how things work).
|
|
mikes1531
Member of DD Central
Posts: 6,453
Likes: 2,320
|
Post by mikes1531 on Jan 21, 2014 19:15:54 GMT
If a lender does not have sufficient funds then the system will flag this on their dashboard and the pre-bid is skipped. Pre-bids that cannot be placed, for whatever reason, when an auction starts will be rechecked each hour. If someone places a pre-bid of £500, and there happens to be only £363.27 in their account at the time the loan goes live, what exactly would happen? - Their pre-bid is skipped completely, and isn't turned into a real bid unless further funds come into the account -- presuming the loan still is available for funding at the time the next hourly check is made?
- A bid of £363.27 is placed, and if further funds come into the account before the loan is completely funded then other bids are placed until the total of the bids comes to £500?
- A round bid of £300, or £350, or
 is placed, and if further funds arrive before the loan is completely funded then other bids are placed? - Or...?
If it's the first possibility, then the lender would seem to be better off if they placed a series of smaller bids that summed to their desired investment.
|
|
is placed, and if further funds arrive before the loan is completely funded then other bids are placed?