ton27
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Post by ton27 on Jun 2, 2014 20:04:29 GMT
I also get frustrated having money to invest in my account but nothing to spend it on; however I would rather AC sort out the "good" from the "bad" than just trying to get loans on the market.
If "immediate or quick" investment of funds is required then there is always FC and RS - for my part I prefer to wait for better quality loans (imo) on AC - patience is a virtue!
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Post by Ton ⓉⓞⓃ on Jun 2, 2014 20:16:39 GMT
I would just like to make clear at this point that ton27 is not my alter ego
even if I do 'like' him.
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j
Member of DD Central
Penguins are very misunderstood!
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Post by j on Jun 2, 2014 20:44:09 GMT
I would just like to make clear at this point that ton27 is not my alter ego even if I do 'like' him. I'm jealous! Can someone please become j1, j2, j106? 
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ed
Posts: 15
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Post by ed on Jun 2, 2014 21:56:44 GMT
Hi All
As a new convert to p2p lending I would much prefer quiet periods to putting up loans that may be not of the highest quality.
I am just dipping my toe in the water at the moment and after looking at all the platforms decided on Assetz as the security afforded seems slightly better than the rest.
Again, as someone new I may be wrong, but my due dilligence and gut feeling told me Assetz was where I felt most comfortable.
Regards
Ed
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Post by Ton ⓉⓞⓃ on Jun 2, 2014 22:29:24 GMT
Welcome to the board and AC ed, we're very friendly here. Say anything (within the rules) and normally someone else will have an opinion on it. Say what you think even if it's the exact opposite of what everyone else is saying, and I'm sure people will respect you. So goodluck, or should I say good DueDil, or something like that.... Oh I don't know. |
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Post by badger on Jun 3, 2014 23:07:54 GMT
Well it's a great way to get your score up and it's a lot easier than creating a new id to up your own score. I think you'll find you can 'like' your own posts!
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Post by Ton ⓉⓞⓃ on Jun 4, 2014 7:44:34 GMT
Well it's a great way to get your score up and it's a lot easier than creating a new id to up your own score. I think you'll find you can 'like' your own posts! You can 'like' your own posts but it won't touch your score, it's all down to clever software. And if there's a queue to 'linking' a particular post it's changing from being round-robin queue, which is how it's always been, to a dynamic-intergalatic one where because the finger moves slower than computer... actually I forget but they're discussing it on the other thread; THE NEW QUEUING SYSTEM
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Post by Ton ⓉⓞⓃ on Jun 4, 2014 21:11:36 GMT
With the lack of loans I'm guessing there's now a lot of pent up demand so when/if Weston gets drawn and appears on the AM it will be like watching hungry wolves (Apologies to veggies). Assuming Law tranche III happens no matter what risks it will go from our screens as quickly as a very quick thing.
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j
Member of DD Central
Penguins are very misunderstood!
Posts: 2,188
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Post by j on Jun 4, 2014 21:39:45 GMT
With the lack of loans I'm guessing there's now a lot of pent up demand so when/if Weston gets drawn and appears on the AM it will be like watching hungry wolves (Apologies to veggies). Assuming Law tranche III happens no matter what risks it will go from our screens as quickly as a very quick thing. As quick as speedy Gonzalez!
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j
Member of DD Central
Penguins are very misunderstood!
Posts: 2,188
Likes: 540
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Post by j on Jul 18, 2014 18:56:46 GMT
If one discounts the 4 E Mids trade loans, the other few loans that have been waiting on draw down for months, then there's only one live loan to possibly invest in.
I wonder if it's just a dry patch for AC or whether their time has been taken up sorting issues with various possible defaults/late paying loans? Or both?
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spockie
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Post by spockie on Jul 18, 2014 20:02:31 GMT
If one discounts the 4 E Mids trade loans, the other few loans that have been waiting on draw down for months, then there's only one live loan to possibly invest in. I wonder if it's just a dry patch for AC or whether their time has been taken up sorting issues with various possible defaults/late paying loans? Or both? I think they accidentally closed two loans early when they applied the wrong account details when the underwriters put bids in. At least one of those was due to be still running now, but the bids went in as purple instead of green and caused the auctions to close.
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Post by Ton ⓉⓞⓃ on Jul 18, 2014 21:25:09 GMT
If one discounts the 4 E Mids trade loans, the other few loans that have been waiting on draw down for months, then there's only one live loan to possibly invest in. I wonder if it's just a dry patch for AC or whether their time has been taken up sorting issues with various possible defaults/late paying loans? Or both? I think they accidentally closed two loans early when they applied the wrong account details when the underwriters put bids in. At least one of those was due to be still running now, but the bids went in as purple instead of green and caused the auctions to close. They definitely closed earlier than stated, I'm wondering if it might be that drawdown was going faster than then they planned, it'll interesting to see when they do get drawn now.
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mikes1531
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Post by mikes1531 on Jul 19, 2014 2:02:30 GMT
I think they accidentally closed two loans early when they applied the wrong account details when the underwriters put bids in. At least one of those was due to be still running now, but the bids went in as purple instead of green and caused the auctions to close. They definitely closed earlier than stated, I'm wondering if it might be that drawdown was going faster than then they planned, it'll interesting to see when they do get drawn now. I'll agree that loan 113 closed early. That opened on 5/Jul and closed on 16/Jul when it probably should have remained open until today, 19/Jul. But I don't accept that Loan 110 closed early. It opened on 2/Jul, so if it was set for the usual two week period it would have closed on 16/Jul, which is when it did close. If I were a borrower, I wouldn't be spending much, if any, money on conveyancing until I knew I had a firm loan offer. Based on what was visible on the AC website, neither of those two loans were fully funded until the underwriters were brought in on the 16th. Of course, we don't know whether AC might have made a firm commitment to these borrowers despite the loans appearing not to be fully funded.
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spockie
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Post by spockie on Jul 19, 2014 7:04:00 GMT
They definitely closed earlier than stated, I'm wondering if it might be that drawdown was going faster than then they planned, it'll interesting to see when they do get drawn now. But I don't accept that Loan 110 closed early. It opened on 2/Jul, so if it was set for the usual two week period it would have closed on 16/Jul, which is when it did close. 110 did close early. It was originally a shorter window to bid as I put a bid in thinking there were only a few days, only to find the bidding window was then extended. It was not due to close on 16th, and 110 and 113 closed more or less simultaneously with full horseshoes of purple. They only went green a few hours later when the underwriters' bids had been correctly applied.
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mikes1531
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Post by mikes1531 on Jul 19, 2014 15:36:12 GMT
But I don't accept that Loan 110 closed early. It opened on 2/Jul, so if it was set for the usual two week period it would have closed on 16/Jul, which is when it did close. 110 did close early. It was originally a shorter window to bid as I put a bid in thinking there were only a few days, only to find the bidding window was then extended. It was not due to close on 16th, and 110 and 113 closed more or less simultaneously with full horseshoes of purple. They only went green a few hours later when the underwriters' bids had been correctly applied. OK. I'll concede to your better memory.
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