|
|
Post by gusgorilla on Feb 19, 2016 15:12:24 GMT
The Unbolted Team were kind enough to give me a very full explanation of their loan allocation algorithm, which I paraphrase here for your edification.  25% of every loan is set aside for manual investment.
The remaining 75% is allocated between auto-lenders in proportion to their maximum investment per loan settings (or the amount left in your account if that is less than your maximum investment per loan). If the sum of all the auto-lenders' maxima is less than 75% of the loan then the excess is available for manual investment. This does not seem to happen at the moment but will if an unusually large loan arrives. The maximum proportion of a loan auto-lender setting is rarely used in practice and will probably be removed soon. You might as well set it to 1.0 just in case. You may manually invest in a loan in which you already have a stake from your auto-lender. I hope this all correct. I'm sure ashwinp will correct me if not. |
|
ben
Posts: 2,020 
Likes: 589
|
Post by ben on Feb 19, 2016 19:34:15 GMT
The Unbolted Team were kind enough to give me a very full explanation of their loan allocation algorithm, which I paraphrase here for your edification. 25% of every loan is set aside for manual investment.
The remaining 75% is allocated between auto-lenders in proportion to their maximum investment per loan settings (or the amount left in your account if that is less than your maximum investment per loan). If the sum of all the auto-lenders' maxima is less than 75% of the loan then the excess is available for manual investment. This does not seem to happen at the moment but will if an unusually large loan arrives. The maximum proportion of a loan auto-lender setting is rarely used in practice and will probably be removed soon. You might as well set it to 1.0 just in case. You may manually invest in a loan in which you already have a stake from your auto-lender. I hope this all correct. I'm sure ashwinp will correct me if not. Seems to work quite well for me although I have not got big money in here, but will look to increase as like the fact that it has the provision fund, happy to accept a bit less for added security
|
|
jimc99
Member of DD Central
Posts: 284
Likes: 115
|
Post by jimc99 on Aug 28, 2016 4:33:17 GMT
The Unbolted Team were kind enough to give me a very full explanation of their loan allocation algorithm, which I paraphrase here for your edification. 25% of every loan is set aside for manual investment.
The remaining 75% is allocated between auto-lenders in proportion to their maximum investment per loan settings (or the amount left in your account if that is less than your maximum investment per loan). If the sum of all the auto-lenders' maxima is less than 75% of the loan then the excess is available for manual investment. This does not seem to happen at the moment but will if an unusually large loan arrives. The maximum proportion of a loan auto-lender setting is rarely used in practice and will probably be removed soon. You might as well set it to 1.0 just in case. You may manually invest in a loan in which you already have a stake from your auto-lender. I hope this all correct. I'm sure ashwinp will correct me if not. Just for my understanding......If my maximum amount to invest was set at £100 then I would be allocated twice the amount of someone who has set their maximum amount at £50. So if I got £10 allocated to me the other guy would get £5. Is that correct? Thanks.
|
|
n
Member of DD Central
Yet another Nick
Posts: 879
Likes: 461
|
Post by n on Aug 28, 2016 10:06:46 GMT
Following on from the previous post I would also be interested to know if the un-invested amount in your account has any bearing. From the above example, if my maximum amount was £100 but I only had £20 available, would I still get the £10 allocated and the other guy £5?
|
|
n
Member of DD Central
Yet another Nick
Posts: 879
Likes: 461
|
Post by n on Sept 13, 2016 13:50:40 GMT
The Unbolted Team were kind enough to give me a very full explanation of their loan allocation algorithm, which I paraphrase here for your edification. 25% of every loan is set aside for manual investment.
The remaining 75% is allocated between auto-lenders in proportion to their maximum investment per loan settings (or the amount left in your account if that is less than your maximum investment per loan). If the sum of all the auto-lenders' maxima is less than 75% of the loan then the excess is available for manual investment. This does not seem to happen at the moment but will if an unusually large loan arrives. The maximum proportion of a loan auto-lender setting is rarely used in practice and will probably be removed soon. You might as well set it to 1.0 just in case. You may manually invest in a loan in which you already have a stake from your auto-lender. I hope this all correct. I'm sure ashwinp will correct me if not. I see you are not answering questions here. Before I enquire directly, does anyone know if the 25% setaside (my bold above) actually happens? Whenever I have looked after receiving an allocation email there has been nothing there (except for huge loans). (I am not in the gold loans). Perhaps it goes to FFF, in which case it would be worth looking further, but if it is never there that would be a waste of time.
|
|
jonno
Member of DD Central
nil satis nisi optimum
Posts: 2,742
Likes: 3,137
|
Post by jonno on Sept 13, 2016 14:05:14 GMT
I've been with Unbolted for a while now, and I think in the early days you could pick up additional amounts (over and above Autolend) on smaller loans, but I've not seen it for a long time. I think the number of members now rules it out. This is also reflected in the fact that for all "Small" renewals the amount allocated to me is always smaller than the amount I've had repaid. The price of popularity I suppose.
|
|
n
Member of DD Central
Yet another Nick
Posts: 879
Likes: 461
|
Post by n on Sept 13, 2016 15:17:29 GMT
Thanks jonno. Not worth trying to improve the speed of my fingers then. It would be nice if there was something particularly annoying that would drive away some of the other lenders but hey ho, you can't have a prefect world I suppose. |
|
stub8535
Member of DD Central
personal opinions only. Not qualified to advise on investment products.
Posts: 1,442
Likes: 945
|
Post by stub8535 on Nov 24, 2016 21:29:15 GMT
Things just got a bit more awkward. we have been told that the limiter on the proportion of the loan we would accept has been removed. On questioning this I was informed that it has never triggered and lenders dont understand it anyway. As for the latter part I would agree, from posts on this forum, that proportion is not understood by all. Maybe a little education would have helped rather than abolition!
Going to need to just accept thst i can no longer ask for more than I want and set a max proportion limit so as to play the algorithm to get quickly allocated.
|
|
