Post by mikeb on Feb 20, 2014 18:48:25 GMT
B grade loan turns to A+ Risk ... and back again.
5028: "Please note: this loan application has been cancelled. This is due to an technical error which changed the display of the risk band part way through the auction. We will relist on the Funding Circle website shortly. Thanks, FC"
Interesting that there appears to be scope to change the risk band while an auction is in play. I know the auction has been cancelled and will probably re-run, but it's odd that such a thing is possible.
Previously auctions have gone from running as "unsecured" to "Secured" some time after launch (presumably to the detriment of the borrower, once people mark it off as un-secured), although there's been very little with any security for a while now.
5028: "Please note: this loan application has been cancelled. This is due to an technical error which changed the display of the risk band part way through the auction. We will relist on the Funding Circle website shortly. Thanks, FC"
Interesting that there appears to be scope to change the risk band while an auction is in play. I know the auction has been cancelled and will probably re-run, but it's odd that such a thing is possible.
Previously auctions have gone from running as "unsecured" to "Secured" some time after launch (presumably to the detriment of the borrower, once people mark it off as un-secured), although there's been very little with any security for a while now.
