dan83
Posts: 243 
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Post by dan83 on Oct 23, 2016 16:44:07 GMT
Why would they launch it today? They will save about £2300 by launching in tomorrow... they'll have save £4600 by not launching on Saturday and have more chance of funds been on account at time of launch as people have already sold old parts. A clever move? Maybe, maybe not. Many of us will now take advance loan notifications with a pinch of salt, selling old parts after the new loan goes live to clear the negative balance, generating cash flow issues for SS. I don't think this is the case (i could be wrong), unless the loan is repaid 2 days early, they will pay that interest anyway.
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jcb208
Member of DD Central
Posts: 838
Likes: 638
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Post by jcb208 on Oct 23, 2016 16:45:11 GMT
No communication whether this will go live or not to day.Savingstream are hard work at times
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mikeh
Member of DD Central
Posts: 499
Likes: 370
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Post by mikeh on Oct 23, 2016 16:52:23 GMT
Our comments seem to have caused somewhat of an uproar. We were trying to interact with you on a human level as some have pointed out, however the majority seem to have taken them in a way which we did not intend. So we apologise for this and will amend the way we interact with you in future. You are correct, we are a £200m financial institution and need to be more professional. Apparently not today though. Perhaps tomorrow as in Tomorrow never comes.
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awk
Posts: 276
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Post by awk on Oct 23, 2016 17:58:03 GMT
She's gone !
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sam i am
Member of DD Central
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Likes: 555
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Post by sam i am on Oct 23, 2016 18:00:04 GMT
£2,042,300 on the SM. I thought SS said that there wouldn't be much left for the SM??
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Post by rebull on Oct 23, 2016 18:18:44 GMT
Have you people ever been to a norrmal pub and listensed to the sarcasm, IT'S GREAT, or do you just go to wine bars. I am also a high six figure investor and have no problem with the way things are going. I used to find this forum interesting and there are some people do good stuff on here. Ask someone if they will put your dolly back into your pram or go elsewhere. There's plenty about. It's time to stop moaning
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guff
Posts: 730
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Post by guff on Oct 23, 2016 18:21:03 GMT
£2,042,300 on the SM. I thought SS said that there wouldn't be much left for the SM?? Well a couple of members have pulled out. Allegedly.
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Post by rebull on Oct 23, 2016 18:25:25 GMT
Yes
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ped
Member of DD Central
Posts: 255
Likes: 84
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Post by ped on Oct 23, 2016 18:29:01 GMT
Now we know why the delay was not enough in flow of cash and much on the prefund to cover the go live tomorrow SS have had to find a backer to cover the short fall.
8k up for sale already! Wow.
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Post by bhafcseagull on Oct 23, 2016 18:33:58 GMT
£2,042,300 on the SM. I thought SS said that there wouldn't be much left for the SM?? Over 5m sold with only 24hrs notice is a bloody good effort
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Post by brokenbiscuits on Oct 23, 2016 18:37:04 GMT
I hope I'm not in the minority here thinking this thread and some people's reactions have gone a bit over the top.
Savingstream will let us know when a loan is expected to become available but it's not a dead cert. Sometimes they get rushed through, other times they take a little longer.
You either have trust that savingstream are acting in our best interests or you don't. If it's the latter then vote with your feet and find a more vanilla no surprises investment option that suits you. You will most likely find, either way,rushed decision-making or the benefit of no surprises investments will hit your returns.
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Post by Deleted on Oct 23, 2016 18:41:52 GMT
Agreed. SS isn't perfect, but some of the whinging has reached silly levels. And after weeks of 'boo-hoo, theres nothing on the SM', now we have 'boo-hoo, theres too much on the SM'.  |
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dan83
Posts: 243
Likes: 84
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Post by dan83 on Oct 23, 2016 18:44:46 GMT
So, what happens if no one buys the excess loan on the SM? Do SS make up the short fall or do they cancel the loan?
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fp
Posts: 1,008
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Post by fp on Oct 23, 2016 18:45:40 GMT
So, what happens if no one buys the excess loan on the SM? Do SS make up the short fall or do they cancel the loan? SS take it up until it sells, which it will 
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dan83
Posts: 243
Likes: 84
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Post by dan83 on Oct 23, 2016 18:56:56 GMT
Am I right in thinking because I pre-funded the loan I have to make sure the funds are in my account with-in 24hrs, but it I waited and bought it on the SM, I would have 48hrs to put the funds in my account?
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