Post by thesnoop on Oct 14, 2015 14:20:57 GMT
I have seen an explanation of the Algorithm in use for calculating buyer rates on the SM ( Loan Exchange ) in another thread somewhere, so apologies if this question has already been covered.
I would like to see an overhaul of the current model of 'checking availability' on the SM, as I find it confusing and time consuming.
By this I mean the process of entering an 'Amount you want to invest' without knowing the rate on offer and then manually clicking the big Orange 'Check Availability Button' to find out the Rate available.
Due to the nature of the Algorithm, the rate you can achieve varies in an unpredictable fashion with how much you are looking to invest ( as a function of what is on offer from various sellers you cant see .and how the LC algorithm decided to combine their parts to sell to you at a new average rate..)
This leads ( In my experience ) to lots and lots of manual entering of various 'Amounts to invest' with a click of 'Check Availability' each time just to see what is really on offer for that Loan on the SM...
1) This is going to cause lots of useless traffic for the website
2) It is confusing
3) It wastes my time as a user
4 ) It requires that I come back and repeat the process on a regular basis to pick up new good deals should more parts come on line at higher rates....
This obfuscation of SM data can't have been part of the original idea, right ?
Could we expose what is on offer in a less cryptic way please lendingcrowd ?
I'm picturing a condensed table per loan of [SM rates vs Investment amount].
The table could be sort-able by both attributes , allowing users to ascertain headline rates at a glance...
Apologies if I am missing anything obvious here.
I would like to see an overhaul of the current model of 'checking availability' on the SM, as I find it confusing and time consuming.
By this I mean the process of entering an 'Amount you want to invest' without knowing the rate on offer and then manually clicking the big Orange 'Check Availability Button' to find out the Rate available.
Due to the nature of the Algorithm, the rate you can achieve varies in an unpredictable fashion with how much you are looking to invest ( as a function of what is on offer from various sellers you cant see .and how the LC algorithm decided to combine their parts to sell to you at a new average rate..)
This leads ( In my experience ) to lots and lots of manual entering of various 'Amounts to invest' with a click of 'Check Availability' each time just to see what is really on offer for that Loan on the SM...
1) This is going to cause lots of useless traffic for the website
2) It is confusing
3) It wastes my time as a user
4 ) It requires that I come back and repeat the process on a regular basis to pick up new good deals should more parts come on line at higher rates....
This obfuscation of SM data can't have been part of the original idea, right ?
Could we expose what is on offer in a less cryptic way please lendingcrowd ?
I'm picturing a condensed table per loan of [SM rates vs Investment amount].
The table could be sort-able by both attributes , allowing users to ascertain headline rates at a glance...
Apologies if I am missing anything obvious here.
