|
|
Post by sterilized on Aug 18, 2015 15:47:07 GMT
If saving stream don't introduce limits and solve their IT problems then I'm pulling my investments.
|
|
Liz
Member of DD Central
Posts: 2,426
Likes: 1,297
|
Post by Liz on Aug 18, 2015 15:47:18 GMT
SS - please get some decent IT bods on the case. You can even hire me if you're desperate. Hosting should not be an issue with all the cloud platforms available that allow you to spin up extra capacity when required. 500 users is piffling in terms of scale. If the servers could handle say 1000, the loans would just fill in seconds and most will still miss out. The problem is a supply/demand issue.
|
|
|
|
Post by yorkshireman on Aug 18, 2015 15:48:34 GMT
It appears that the policy at SS is b*ll*cks to the investor, that's a good business strategy guys.
|
|
Investboy
Member of DD Central
Trying to recover from P2P revolution
Posts: 564 
Likes: 201
|
Post by Investboy on Aug 18, 2015 15:53:34 GMT
Idea for savingstream:
1. Save money on advertising / banners. There is even one on top of this page. Stop them immediately as you don't need additional investors. You can't handle existing ones.
2. Money saved from above redirect to upgrading server and maybe some development of some sort of fair investment policy aka limits
|
|
jonno
Member of DD Central
nil satis nisi optimum
Posts: 2,808
Likes: 3,239
|
Post by jonno on Aug 18, 2015 15:53:53 GMT
I think what I'm feeling the hardest thing to deal with here is the ill-will I'm currently feeling towards a company with whom I've got the equivalent of the "family silver" invested with  |
|
j
Member of DD Central
Penguins are very misunderstood!
Posts: 2,188
Likes: 540
|
Post by j on Aug 18, 2015 15:54:52 GMT
Dear savingstream, you most likely will disregard this comment but I make it in earnst, coupled with the fact that I really like your offering but, you have to introduce limits, even if it's a few thousand per investor. To allow one person to hoover up £50k+ in a small-mid size loan is unfair on everyone else. You might think it unnecessary atm due to the large appetite at present for your loans but how long will it last? A few more weeks, months or even a year? This happened with AC & they were clever enough to appease all by introducing limits so that everyone gets a bite. Is it really this hard to implement or will you end up shooting yur self in the foot when the platform becomes saturated, which it eventually will. I sincerely hope you listen to your memebrs in this area as you do in other areas |
|
|
|
Post by ravado on Aug 18, 2015 15:55:22 GMT
Disgusting - took a 15 minutes break from trying to break in and everything gone (again - lost out on last one 50 (?) too). Why oh why send out the bloody email so all the rich b***ds can throw in their >£50k wads? Full marks to sites like FS who put a 24 hour limit on new bids and have servers that can cope.
|
|
adrianc
Member of DD Central
Posts: 10,015
Likes: 5,143
|
Post by adrianc on Aug 18, 2015 16:02:22 GMT
The problem is a supply/demand issue. Definitely appears to be. The poll in the main forum here had me dipping my toe. I got a couple of little nibbles fairly quickly, and all looked rosie. Since then, nothing. Then... this morning's status update. Half the loans are due to repay any second flat. But... JOY! three new loans...! Just looking at the loans page shows the size of the impending problem, even ignoring any money that's waiting to be invested. Today's new loans - £1.35m. Gone in minutes. Loans currently showing as overdue - £1.7m Loans currently showing as due within one month - £7.5m This is gonna hurt...
|
|
mv
Member of DD Central
Posts: 156
Likes: 45
|
Post by mv on Aug 18, 2015 16:03:12 GMT
Frustrating as it is, even if the IT was fixed the level of demand and number ultimately disappointed would still be the same. Sure, you wouldn't waste 30 mins only to get nothing,
And you still wouldn't have time to read the documents (although this could be mitigated if the loans were previewed in advance)
|
|
Liz
Member of DD Central
Posts: 2,426
Likes: 1,297
|
Post by Liz on Aug 18, 2015 16:03:42 GMT
70k available. Must have held some back.
|
|
Liz
Member of DD Central
Posts: 2,426
Likes: 1,297
|
Post by Liz on Aug 18, 2015 16:05:00 GMT
70k available. Must have held some back. Now -£35k
|
|
ramblin rose
Member of DD Central
“Some people grumble that roses have thorns; I am grateful that thorns have roses.” — Alphonse Karr
Posts: 1,370
Likes: 857
|
Post by ramblin rose on Aug 18, 2015 16:05:28 GMT
Disgusting - took a 15 minutes break from trying to break in and everything gone (again - lost out on last one 50 (?) too). Why oh why send out the bloody email so all the rich b***ds can throw in their >£50k wads? Full marks to sites like FS who put a 24 hour limit on new bids and have servers that can cope. I feel your pain, but feel obliged to point out that the exact same fiasco went on for many, many months with FS before they got their act together, so they perhaps aren't the best comparison. Even the introduction of bidding limits didn't stop it until they eventually, after many attempts, got the IT sorted. It took more than simple addition of capacity - they had to re-implement the platform software. So, whilst I do agree they have it right now, it wasn't always that way. Maybe that's why I've got a bit more patience about this than most - I've seen much worse and am confident they'll get it sorted.
|
|
|
|
Post by sterilized on Aug 18, 2015 16:06:54 GMT
I have now found that during the feeding frenzy I did manage to deposit some money despite the loan page not working. Couldn't invest any of it though as the rest of the site was down. Haven't transferred anything from the bank yet don't think I'll bother.
I feel a very strongly worded email to Saving Stream is in the offing I hope everyone on the forum does the same.
I have been with them since they started and it is the smaller investors who have supported them in their early days now we are just ignored and being pushed out by big hitters and I rather suspect "bot" investors too.
|
|
|
|
Post by Deleted on Aug 18, 2015 16:09:13 GMT
ramblin rose - Do you work for Saving Stream's PR department ?
|
|
|
|
Post by solicitorious on Aug 18, 2015 16:12:00 GMT
In their haste to get these loans out, SS have even failed to label them correctly...
|
|
