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Post by Butch Cassidy on Jun 15, 2016 6:56:21 GMT
Just refreshed SM & was given a sneak preview? of a 9% auto investment loan - Live testing perhaps? Clicking onto it showed "page not found" so I can't tell any more details
There will be interesting times ahead
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awk
Posts: 276
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Post by awk on Jun 15, 2016 6:59:47 GMT
Yes, I also saw it.
It looked like a test site because it included both of the Wolsey loans and everything had multi-million availability.
As you say, new entry at the top
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SteveT
Member of DD Central
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Post by SteveT on Jun 15, 2016 7:16:31 GMT
Sounds a little like AC's GBBA/GEIA structure, possibly with enhanced PF coverage (imitation being the sincerest form of flattery).
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sl75
Posts: 2,092
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Post by sl75 on Jun 15, 2016 7:30:47 GMT
Where? (or was it just as hurriedly removed?)
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adrianc
Member of DD Central
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Post by adrianc on Jun 15, 2016 8:14:45 GMT
Yes, I also saw it. It looked like a test site because it included both of the Wolsey loans and everything had multi-million availability. As you say, new entry at the top This might actually fit with last night's maintenance/capacity-expansion. Let's say a new server was brought on that'd previously been used for some semi-live testing...
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Post by GSV3MIaC on Jun 15, 2016 8:34:13 GMT
No, think it was another 'accidental preview' like the 7 day part sale lock. Since Pbl020 some folks believe that SS offers 12% risk protected, so officially offering 9% protected would save them money. 8>.
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Post by Deleted on Jun 15, 2016 8:42:27 GMT
Might also be linked (hopying) to the IF-ISA offering that SS should be selling in the future and that some of us are hopying to see sooner rather than later...
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awk
Posts: 276
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Post by awk on Jun 15, 2016 9:15:53 GMT
I was in full "hunting by pictures" mode at the time and was more interested in why there were two Wosleys, which was the real one (it was on my top-up list) and which was the imposter - I thought it was the latest reCAPTCHA test !
But thinking about it, this new investment was presented just as another loan on the list with an "available funds" entry - rather than a totally freestanding product.
So, IF this goes ahead ...
- will it it have it's own pool of loans, or take a proportion of each new 12%er?
- will this allow SS to play the supply/demand game by deciding what to do with new loans? so in liquid times, would everything go the 9% way?
- how will they manage the risk - could they get "cover" from an external insurer for less than the 3%? or would they take it in-house and it get paid out BEFORE other loans?
... but it may never happen
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Post by trevxe on Jun 15, 2016 9:32:48 GMT
Honestly, what the hell are these guys doing repeatedly testing things on the live server?
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