SteveT
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Post by SteveT on Feb 9, 2016 13:07:03 GMT
I got two (both accounts) so gave them both barrels!
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Post by GSV3MIaC on Feb 9, 2016 13:19:13 GMT
Likewise. However, based on past surveys ('would it bother you if there were more fixed rate auctions') I expect they'll manage to wilfully misinterpret all the complaints. Perhaps they have not noticed the 12% secured available on SS, or 13% on ABLRate, plus AC, MT, etc etc, most of which don't have you competing head on (on a sloping pitch) with institutional cash.
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Post by longjohn on Feb 9, 2016 13:44:18 GMT
No email for me.  Mind you I haven't withdrawn any money. However, I have not deposited any more cash in the last five months either. Does that count? John |
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adrianc
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Post by adrianc on Feb 9, 2016 13:54:05 GMT
No email for me. Mind you I haven't withdrawn any money. However, I have not deposited any more cash in the last five months either. Does that count? It would seem not...
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min
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Post by min on Feb 9, 2016 15:06:46 GMT
I have been taking away some cash from FC over last few months to diversify a little and just had a lovely email asking why? I also had an option to explain - I included an element of what has been put here as well as some other issues I have. Hopefully they may look at it but not so sure - From this forum it looks like I am not the only one taking cash away but they keep lending more money every month and keep filling the loans so why should they worry Controversial point to let more people have a chance - Reduce the interest rates on C/D/E loans? - it makes their lenders happy, makes their lenders affordability issue better and they will still fill up 'E' loans as say 16-17%. As said before though still awaiting to see what the real default rate will be on these in two years time! They will not keep filling large A+ and A loans at current rates. They are clearly struggling to find enough autobid cash to clear the current sheet. Rather than lower rates, lets see more A+ correctly assigned as B or C, with higher rates for A+, A & B. Got the email too and replied appropriately. I agree with davee39 - looks like there is a shortage of funds to fill loans. Very few new loans the last couple of days (3pm on Tuesday) and W Byfleet hasn't returned yet.
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oldgrumpy
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Post by oldgrumpy on Feb 9, 2016 15:21:32 GMT
I haven't replied to mine yet. It is noticeable that they avoid putting the most obvious things in their tick list, so I will have to go forward to the "other" section.
Fixed rates (too low for A+ A B unsecured) instead of "auction" yet still 1% lender fee. Grading of too many suspect loans as A or even A+. Higher rates elsewhere with security.
Their "not satisfied with the current product" is all very well but tells them nothing useful.
"Need the funds for another purpose" Too right. Other platforms for better rates/security (+Mr HMR Custards).
I still do unsecured loans on FK, (not really an auction) because their rates are slightly better and they charge no lender fee (and they keep me informed).
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mikeh
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Post by mikeh on Feb 9, 2016 15:21:35 GMT
Weird how they are all stuck in the nineties% - so near and yet so far!
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Post by GSV3MIaC on Feb 9, 2016 15:42:31 GMT
And SM purchases by autobid have been zero for me today (after shifting some ungodly number of 'Property Development In Cheshire 9' at 4am on the 8th .. definitely something 'lumpy' in the autobodge SM pipeline).
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registerme
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Post by registerme on Feb 9, 2016 15:44:37 GMT
Yep, got the email. Yep, needed to use "other" to inform appropriately.
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Post by cakeeater on Feb 9, 2016 16:09:57 GMT
I too got the email today. Perhaps Farting Clowns are starting to realise they need to at least look as if they are going to address some of their customer care issues. I'm not holding my breath, though. I have made the decision to move the majority of my funds from this particular platform, so I suppose it has become irrelevant to me whether they will set better standards or not. Lost trust. Too costly.
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Steerpike
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Post by Steerpike on Feb 9, 2016 16:18:23 GMT
Off topic!
I haven't had the email even though my FC total is over 50% down on 4 months ago, perhaps because it was over 70% down a few weeks ago and I have transferred a bit back since.
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am
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Post by am on Feb 9, 2016 16:42:38 GMT
Off topic! I haven't had the email even though my FC total is over 50% down on 4 months ago, perhaps because it was over 70% down a few weeks ago and I have transferred a bit back since. I pulled out 12% of my total in December, when repayments were greater than opportunities. It put a third of that back last week, but it may well come out again, as there's at least that much should repay in the next week or so. I didn't get the email.
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blender
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Post by blender on Feb 9, 2016 16:50:30 GMT
Please use a different thread for this discussion.
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Post by bonfemme on Feb 10, 2016 14:15:03 GMT
100k, 48 months available for a while
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oldgrumpy
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Post by oldgrumpy on Feb 10, 2016 14:26:42 GMT
No asset security. No personal guarantee. Do I remember the company name from another loan previously? Rings a bell.
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Mind you I haven't withdrawn any money. However, I have not deposited any more cash in the last five months either. Does that count?
