sl75
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Post by sl75 on Oct 28, 2015 13:24:54 GMT
Whoever's turn it is to be FC Finance will need to achieve about 25 bids a minute for half an hour. Maybe they'll find the drop-down to adjust the bid size, rather than spamming the bids list?
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arbster
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Post by arbster on Oct 28, 2015 13:32:03 GMT
Interesting to note that K******s Council stumped up £5,000 for this North East company rather late in the day. I hope there's no conflict of interest in such a large investment in a single loan. Unless of course they invest similarly in all local companies' loans.
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arbster
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Post by arbster on Oct 28, 2015 13:32:44 GMT
Whoever's turn it is to be FC Finance will need to achieve about 25 bids a minute for half an hour. Maybe they'll find the drop-down to adjust the bid size, rather than spamming the bids list? Even FC Finance know that £20 parts sell better on the SM. And they'll definitely be trying to shift them as quickly as possible!
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sl75
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Post by sl75 on Oct 28, 2015 15:12:35 GMT
Even FC Finance know that £20 parts sell better on the SM. And they'll definitely be trying to shift them as quickly as possible! They may sell better than any other single-sized stack of loans... but IME a good mix of loan part sizes sells best of all. Think about it - if an autobid user is willing to buy parts of up to £200, and you only have £20 parts available, you're selling 1/10 of the amount you could of that loan!
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Post by aloanatlast on Oct 28, 2015 16:47:01 GMT
About 660 bids in 8 minutes. Overshot by 7, possibly because of manual bidders chipping in.
I'll get me anorak.
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arbster
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Post by arbster on Oct 28, 2015 16:55:17 GMT
Even FC Finance know that £20 parts sell better on the SM. And they'll definitely be trying to shift them as quickly as possible! They may sell better than any other single-sized stack of loans... but IME a good mix of loan part sizes sells best of all. Think about it - if an autobid user is willing to buy parts of up to £200, and you only have £20 parts available, you're selling 1/10 of the amount you could of that loan! You are quite right, of course. And thinking about what little I know of Autobid's behaviour, investors with relatively large portfolio values probably wouldn't ever buy a £20 part, even if it met their rate/band criteria, and over time such investors will make up a greater proportion of the user base.
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Post by GSV3MIaC on Oct 29, 2015 20:18:55 GMT
The borrower is having a long think about 16498 at 6%. I hope FC are not let off paying the mistaken 2% cash back on the loan. The borrower has now thunk all the way into 'overtime' afaict. Or maybe the 17:10 close means they get until start of business tomorrow? No comment on the loan page though, unlike 16544 where there is a comment allowing as how the deadline has been stretched to the 30th.
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arbster
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Post by arbster on Oct 30, 2015 9:01:18 GMT
The borrower is having a long think about 16498 at 6%. I hope FC are not let off paying the mistaken 2% cash back on the loan. The borrower has now thunk all the way into 'overtime' afaict. Or maybe the 17:10 close means they get until start of business tomorrow? No comment on the loan page though, unlike 16544 where there is a comment allowing as how the deadline has been stretched to the 30th. Aaaaanndd... Rejected.
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bigfoot12
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Post by bigfoot12 on Oct 30, 2015 10:16:12 GMT
The borrower has now thunk all the way into 'overtime' afaict. Or maybe the 17:10 close means they get until start of business tomorrow? No comment on the loan page though, unlike 16544 where there is a comment allowing as how the deadline has been stretched to the 30th. Aaaaanndd... Rejected. I assume that you are referring to 16498. Is there anywhere to see that other than in My Bids and select rejected? Should I see rejected loans as payments on my statement - I can't find anything?
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blender
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Post by blender on Oct 30, 2015 10:21:26 GMT
Q1 - I think that is the only place.
Q2 - there are no transactions, it never happened, according to FC.
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Post by goldservice on Oct 30, 2015 10:37:48 GMT
Q1 If you didn't happen to bid on that auction, then I think that if you know the internal 6-digit loan no (not the 5-digit loan id), then you can edit the url for any current auction, insert those 6 digits, and then see the auction details including the repayments/comment. I hope GSV won't mind me referring yet again to his useful archive of such detail.
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bigfoot12
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Post by bigfoot12 on Oct 30, 2015 11:03:55 GMT
Q1 - I think that is the only place. Thanks Q2 - there are no transactions, it never happened, according to FC. So in that case I presume that bids aren't shown on the transaction report until they draw down. When I bid for £X, my available cash goes down by X, and my bids increases by X. Is that correct? And then when it draws down, it disappears from my bids and is included in my loan parts and then will be on the statement. Is that correct, and can there be a delay between the two? (It is very frustrating that the statement doesn't show the time.)
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Post by GSV3MIaC on Oct 30, 2015 11:17:09 GMT
Q1 If you didn't happen to bid on that auction, then I think that if you know the internal 6-digit loan no (not the 5-digit loan id), then you can edit the url for any current auction, insert those 6 digits, and then see the auction details including the repayments/comment. I hope GSV won't mind me referring yet again to his useful archive of such detail. (insertion already done for your convenience) .. and actually it's still a 5 digit number, just a larger one. You COULD get there through your summary, rejected bids, I think, but you might have a long trawl ..
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Post by GSV3MIaC on Oct 30, 2015 11:26:32 GMT
Q2 - there are no transactions, it never happened, according to FC. So in that case I presume that bids aren't shown on the transaction report until they draw down. When I bid for £X, my available cash goes down by X, and my bids increases by X. Is that correct? And then when it draws down, it disappears from my bids and is included in my loan parts and then will be on the statement. Is that correct, and can there be a delay between the two? (It is very frustrating that the statement doesn't show the time.) Bids are shown on your transaction report when you make them. When they fall out (history speaking) or when they are rejected by the borrower, FC come along and snopake them out of the transaction report (at least the one you can download, we suspect there is another complete one with everything in, which is the one which is so large they can't analyse it for me to find where my trapped bids happened). Note the transaction report is in time order IIRC, and datestamped. What you could never do (they were working on fixing it) is to link 'loan offer of £20 on auction XYZ' with a subsequent 'interest payment of £x.yy on loan part ABCDEFG' .. the point where it goes from loan number, to loan part number, being totally opaque with no handy lookup table in either direction. Used to be maybe the name would help, but they are all called expansion loan these days: 2014-10-01,Loan offer on Expanding Cyber Security Business - 8063,,20.0 (which may have become a loan part, or may have been deleted up to 21 days after the event) 2014-10-01,"Loan Part ID 4530441 : Principal 40.00, Interest 0.05, Delta 0.00, Fee 0.10",40.0, (that's a sale .. leave you to guess of what)
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acky
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Post by acky on Oct 30, 2015 13:34:08 GMT
So in that case I presume that bids aren't shown on the transaction report until they draw down. When I bid for £X, my available cash goes down by X, and my bids increases by X. Is that correct? And then when it draws down, it disappears from my bids and is included in my loan parts and then will be on the statement. Is that correct, and can there be a delay between the two? (It is very frustrating that the statement doesn't show the time.) Bids are shown on your transaction report when you make them. When they fall out (history speaking) or when they are rejected by the borrower, FC come along and snopake them out of the transaction report (at least the one you can download, we suspect there is another complete one with everything in, which is the one which is so large they can't analyse it for me to find where my trapped bids happened). Note the transaction report is in time order IIRC, and datestamped. What you could never do (they were working on fixing it) is to link 'loan offer of £20 on auction XYZ' with a subsequent 'interest payment of £x.yy on loan part ABCDEFG' .. the point where it goes from loan number, to loan part number, being totally opaque with no handy lookup table in either direction. Used to be maybe the name would help, but they are all called expansion loan these days: 2014-10-01,Loan offer on Expanding Cyber Security Business - 8063,,20.0 (which may have become a loan part, or may have been deleted up to 21 days after the event) 2014-10-01,"Loan Part ID 4530441 : Principal 40.00, Interest 0.05, Delta 0.00, Fee 0.10",40.0, (that's a sale .. leave you to guess of what) You can, of course, download all your Loan Parts (painfully slow if you have a lot). This provides the link between the Loan Part ID and the Loan ID. I upload this into a database that I maintain so that I can track interest, sales and repayments on each loan. The only problem then is if you buy and sell a loan part in between downloads, then all you can do is hope you still have another loan part of similar ID and try to figure out which loan the sold part relates to.
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