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Post by ablrate on Aug 1, 2018 10:22:37 GMT
Question for me is can I be bothered to transfer into my Ablrate account, be on line when the loan goes live, still get nothing half hour later when the loan is filled and then wait a few days for my funds to transfer back to my bank ? Last loan was £300,000 with £3,000 limit, new loan is £500,000 with £5,000 limit - would I expect this to disappear just as quick in a frenzy of crashed cars (apt?) and unable to place alerts......... Would it be worth lowering the limit ablrate (and is ablrateandy still around ?) As per the email.. we have applied a fix, have the devs ready to pounce should there be any errors again. We have looked a solution that has stage bid limits (£100 for an hour, £500 for an hour, £3,000 for an hour and then no bid limits - obviously depending on the loan size) and are discussing whether that is viable. It would only apply to certain loans and we can decide how many periods of limits there are. We would also have a countdown to each period, so its obvious when bid limits increase.
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nw99
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Post by nw99 on Aug 1, 2018 10:23:27 GMT
Such a proactive p2p lender the best out there well done
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gustapher
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Post by gustapher on Aug 1, 2018 10:39:52 GMT
We have looked a solution that has stage bid limits (£100 for an hour, £500 for an hour, £3,000 for an hour and then no bid limits - obviously depending on the loan size) and are discussing whether that is viable. Sounds horrible. Ignore the noise Ablrate. Keep doing what you do best and don't change things fundamentally because of a vocal few.
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Post by ablrate on Aug 1, 2018 10:41:58 GMT
Its not necessarily a global thing on every loan... but it would be a way of managing smaller loans
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hantsowl
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Post by hantsowl on Aug 1, 2018 10:44:19 GMT
Question for me is can I be bothered to transfer into my Ablrate account, be on line when the loan goes live, still get nothing half hour later when the loan is filled and then wait a few days for my funds to transfer back to my bank ? Last loan was £300,000 with £3,000 limit, new loan is £500,000 with £5,000 limit - would I expect this to disappear just as quick in a frenzy of crashed cars (apt?) and unable to place alerts......... Would it be worth lowering the limit ablrate (and is ablrateandy still around ?) I suspect this loan will sit around a little longer than the previous 2 since this will be the sixth loan from this particular borrower and many investors will probably be at their 'risk limit' for a single borrower.
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ptr120
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Post by ptr120 on Aug 1, 2018 10:48:23 GMT
Call it a hunch but given the exposure that many lenders will also have to this borrower, and that it is interest only, will mean it won't fly off the shelf quite as quickly as the last couple of loans.
I'm not sure if I'll be investing in this one but I'll certainly be reading the borrowing proposal. It would be nice to have some update on how the borrower is doing with their existing car loans.
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Post by Badly Drawn Stickman on Aug 1, 2018 12:34:52 GMT
Call it a hunch but given the exposure that many lenders will also have to this borrower, and that it is interest only, will mean it won't fly off the shelf quite as quickly as the last couple of loans. I'm not sure if I'll be investing in this one but I'll certainly be reading the borrowing proposal. It would be nice to have some update on how the borrower is doing with their existing car loans. I have a feeling the number of investors using the platform has grown quite steeply over recent months and would not be surprised to see this be as popular as the last few. Loans to this borrower were often for sale at a modest discount up until a few months ago, these days everything is at a premium. The current talk of the need for rationing of loans is probably also creating a greater demand. Strange old World.
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blender
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Post by blender on Aug 1, 2018 13:40:40 GMT
I have to agree with Village Idiot. Looking at the SM, there are no offers below 101%, except for short dated loans. And I guess there is a lot of money waiting for a loan, any loan it seems. I wish I knew more about the other percolating £1.5M.
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oldtimer
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Post by oldtimer on Aug 1, 2018 13:55:06 GMT
ablrate is it not possible to have more time in future to evaluate a loan. Two hours is not really enough. Ideally you would publish the upcoming loan details on the site at the same time you send the new loan notification email.
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sapphire
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Post by sapphire on Aug 1, 2018 14:01:45 GMT
ablrate is it not possible to have more time in future to evaluate a loan. Two hours is not really enough. Ideally you would publish the upcoming loan details on the site at the same time you send the new loan notification email. +1
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eeyore
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Post by eeyore on Aug 1, 2018 15:04:29 GMT
I wish I knew more about the other percolating £1.5M. I think there's only another £0.5Million left to percolate! Of the orginal £2million (on July 25th), £1million was in last week's 1000109 and £500k in tomorrow's motor stocking loan.
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blender
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Post by blender on Aug 1, 2018 15:20:16 GMT
I wish I knew more about the other percolating £1.5M. I think there's only another £0.5Million left to percolate! Of the orginal £2million (on July 25th), £1million was in last week's 1000109 and £500k in tomorrow's motor stocking loan. I stand partially corrected. The announcement of the percolation was Jul25 at p2pindependentforum.com/post/279118/thread . That was between 108 and 109, and so we have had £300k in 109. (108 was £1m). That leaves £1.2M in the percolator after the next £500k has been poured out. Should I generously leave this next one for new lenders? It might be the promised SPL/DPL, or it might be ...
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archie
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Post by archie on Aug 1, 2018 15:27:01 GMT
I'm still looking for the coffee loan that everyone keeps mentioning.
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Post by Badly Drawn Stickman on Aug 1, 2018 15:36:24 GMT
I think there's only another £0.5Million left to percolate! Of the orginal £2million (on July 25th), £1million was in last week's 1000109 and £500k in tomorrow's motor stocking loan. I stand partially corrected. The announcement of the percolation was Jul25 at p2pindependentforum.com/post/279118/thread . That was between 108 and 109, and so we have had £300k in 109. (108 was £1m). That leaves £1.2M in the percolator after the next £500k has been poured out. Should I generously leave this next one for new lenders? It might be the promised SPL/DPL, or it might be ... Bird in the hand scenario maybe. Or does Ablrate have a nice fresh loaf that they are holding back until this stale old loaf is sold?
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blender
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Post by blender on Aug 1, 2018 16:20:10 GMT
Or will they be using new coffee grounds in the percolator after recirculating the water again over these old grounds?
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