blender
Member of DD Central
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Post by blender on Mar 21, 2014 22:37:43 GMT
Grumpy has been found and reinstated. The forum rules remain unchanged. Great! Now we need to find Old Happy, Old Sleepy, Old Bashful, Old Sneezy, Old Dopey and Old Doc and then Old Grumpy gets £240 for introducing friends.
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Post by yorkshireman on Mar 28, 2014 16:44:46 GMT
Bidding on auctions has become no more than a lottery as real time information is no longer available due to the website not being able to cope with “bot bidding” or whatever it’s called.
On all the £100k + auctions today I thought that my bids had been successful when the auction closed only to find that the system was so far out of synch that once it caught up I had none.
That, combined with the time and effort that’s required is making me seriously consider quitting FC once and for all.
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merlin
Minor shareholder in Assetz and many other companies.
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Post by merlin on Mar 28, 2014 18:11:44 GMT
Bidding on auctions has become no more than a lottery as real time information is no longer available due to the website not being able to cope with “bot bidding” or whatever it’s called.
On all the £100k + auctions today I thought that my bids had been successful when the auction closed only to find that the system was so far out of synch that once it caught up I had none.
That, combined with the time and effort that’s required is making me seriously consider quitting FC once and for all.
Whole bidding process has become farcical. I had a similar experience to Yorkshireman today but was a bit more lucky as I tend to decide ahead of time what price I am prepared to pay and get my bid in often a few hours ahead. However today FC actual lost bids that I had placed - they just disappeared altogether where to I have no idea. To make matters worse I am not sure that they I have actually got my money back as I did not realise this was going on until long after the auctions closed.
No sensible person should get caught up in such a shambles but for the moment I am stuck with 30+ bids waiting to clear otherwise I too might just draw a line under FC for a 2nd time!
UPDATE at 2030 Now checked up and none of my money has gone missing but it sure had me worried.
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Post by GSV3MIaC on Mar 28, 2014 18:38:44 GMT
I missed out on one of the two auctions which closed within a minute of each other, owing to the website going mammaries skyward when the first one finished .. Couldn't get a sensible bid bidpage for the second one (5564?). Why FC schedule them to finish that close together when they know their servers are borked just mystifies me.
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Post by valerieb on Mar 28, 2014 20:34:25 GMT
'Pidpage' - is that some new term of abuse?
For what it's worth - and that's probably not much - my current tactic for these fairly desirable large £100+k 'A-rated' loans is to bid with just under a minute left (to allow time for the bid button to actually work) at .2 and/or .3 below the current max. I may not get the absolute maximum rate possible but near enough and I rarely miss out altogether. I have noticed that the site is much, much quicker to take my money than it is to register my bid but it seems to sort everything out soon after the auction end. I wonder if those who consistently bid at 8, 8.5, 9% notice that 12+% would have been achievable? Hopefully not as we need these low bidders to keep the overall rate down to an acceptable figure.
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fasty
Member of DD Central
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Post by fasty on Mar 28, 2014 20:52:41 GMT
Indeed; FC's abacus has been very flaky today - I got the ominous "bad gateway" more than once. I've used FC from several different computers, and I find that bidding with a fast and reliable internet connection does seem to help mitigate much of the "backlog" of realtime bid updating that we are all familiar with. If you cannot receive the realtime data fast enough then FC evidently queues it up and eventually stuff goes out of control. Refreshing the web page occasionally seems to help. Got some high bids in today, but can't help feeling that many of them will get dumped after tying up my money for a week. This seems to be happening a lot, but that's another topic...
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markr
Member of DD Central
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Post by markr on Mar 31, 2014 10:35:26 GMT
My current strategy with FC is to bob in once or twice a day, look what's ending today/tomorrow and stick bids in any I fancy at what I predict will be somewhere near the top rate (aiming lower if I like the loan, higher if I'm not fussed) and hope for the best. If nothing tickles my fancy, I go to the other end of the list and put in cheeky high-14s bids to catch early finishers. Sometimes it turns out I've bid too low (meh, a few tenths of a percent of 20 quid isn't worth losing sleep over), sometimes my bids fall out (meh, there's another hundred-odd loans to choose from), but website crashes, bidbots and ending early in the last hour don't bother me at all.
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Post by yorkshireman on Apr 3, 2014 12:08:03 GMT
The FC site is a bl***y disgrace today, various functions, loan parts for example, not working or only intermittently, when you click refresh “page cannot be displayed” or similar appears and so on.
Some contributors to this forum have said that P2P lending cannot be considered a deposit in order to protect “widows and orphans” and the financially illiterate, I suggest that due to the current state of it’s website, FC should be investigated by the financial authorities.
For an outfit that effectively takes deposits (I’m sure that I will be corrected technically on that one but the fact is that people entrust their money to FC from the moment it is transferred in until it is withdrawn) and has loaned in excess of £250 million, this simply is not good enough.
Time for FC to extract their digit and sort this cr*p.
Rant over.
An angry Tyke.   
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Post by westonkevRS on Apr 3, 2014 16:39:16 GMT
I don't log on often as I'm a lazy FC investor and use the auto-bidding (yes, I know....). However I've just logged on and found the web site very very slow and it keeps crashing. A little disappointed as I'm a big fan.
Question, is there a way to search for a loan on FC by the business name rather than just the loan purpose? It might be straight forward; but every click today results in a crash or a hung screen....
Kevin.
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oldgrumpy
Member of DD Central
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Post by oldgrumpy on Apr 3, 2014 16:39:47 GMT
Sick and tired of 40-60 seconds to refresh a page, or even get an auction page .... sick and tired of three or four refreshes to make the summary page work (after the forty second + waiting) so I can actually see the recent comments on my loans. FC has talked the talk in recent months about improving the efficiency of the site, but the improvements haven't shown any consistency in my opinion.
That, and taking six months too long to actually take crappy ap scrappy to court.....
At least "fresh air" is matairialising with some cash after a ridiculous year of faffing about.
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Post by GSV3MIaC on Apr 3, 2014 16:53:04 GMT
I don't log on often as I'm a lazy FC investor and use the auto-bidding (yes, I know....). However I've just logged on and found the web site very very slow and it keeps crashing. A little disappointed as I'm a big fan. Question, is there a way to search for a loan on FC by the business name rather than just the loan purpose? It might be straight forward; but every click today results in a crash or a hung screen.... Kevin. Search for it where, exactly? If you own the part you can 'search' through 'my loans' on the summary page (put them in alpha order and then eyeball them) .. you can 'search' loan parts for sale (although that doesn't always do what it should). If you just want to search through current auctions or something, then no, probably not. More details required!!
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min
Member of DD Central
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Post by min on Apr 3, 2014 16:59:18 GMT
Sick and tired of 40-60 seconds to refresh a page, or even get an auction page .... sick and tired of three or four refreshes to make the summary page work (after the forty second + waiting) so I can actually see the recent comments on my loans. FC has talked the talk in recent months about improving the efficiency of the site, but the improvements haven't shown any consistency in my opinion. That, and taking six months too long to actually take crappy ap scrappy to court..... At least "fresh air" is matairialising with some cash after a ridiculous year of faffing about. Expect the 'The website will be unavailable from 22:00 on 5th April until 06:00 on 6th April' message. Question is can they limp on until Saturday night. I suspect there's a load of scrap metal in the servers and the air conditioning has packed up so there is a 'foul smell' causing server slowdown. Either that or it'll be Saharan sand in the system! 
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Post by yorkshireman on Apr 3, 2014 17:28:22 GMT
As a result of the website’s performance today, bad gateways, page can’t be displayed, various functions working intermittently and the whole site running at snail’s pace etc., I have come to the conclusion that it is virtually impossible to operate anything remotely like a coherent investing strategy.
When functions don’t operate, quite simply, the bl**dy thing isn’t fit for purpose, thanks FC, you sure know how to p*ss off your customers.
Pardon my French but I’ve just about had enough of FC.
Disgusted of Slowit. (Makes a change from Tunbridge Wells)
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blender
Member of DD Central
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Post by blender on Apr 3, 2014 18:46:49 GMT
You are right in all you say, Yorkshireman, but where I live things not working and nobody bothered is situation normal, and so I have put up with it and had a very productive FC couple of days. More tomorrow.
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mikeb
Posts: 1,072
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Post by mikeb on Apr 4, 2014 17:41:17 GMT
How long before we officially reach the point where it's "Funding Circle? No-one uses that site any more, it's overwhelmed with people using it!"
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