That website again ..

Down to just a couple of today's not been processed - although I've still got one from the 6th showing as "processing". What's that about?

In FC's world of Orwellian Doublespeak Processing Means 'not processing'.  It means the Direct Debit has failed and FC will have another go at collecting the money before the loan becomes late. I tend to believe this means the borrower has insufficient funds at the time the DD is requested and dump all loans (including first repayments) when this occurs and later comes good.

I used to think that, Yorkshireman, but that was back in 2013 when rates were so poor and the few borrowers were getting the benefit of silly rates pushed down by Autobidders. I remember when a B loan part at 9% was a prize worth fighting for, and the new C- at 11.5% was gone in a flash with lots of complaints from those who missed out. This year rates have been consistently good, and we get A+ in the 10%s plus 1% cash back, and As in the 11%s (though you have to pick them carefully). So the balance has definitely shifted towards the lenders. I think you are right in that FC will see the Borrowers as its customers and as individuals, and the lenders just as a source of funds. FC's income comes from the borrowers through the fees for loans. Borrowers, the creators of the lending opportunity, are always going to be seen as more equal than lenders from FC's position. That's how Pig to Pig lending works.
(Should anyone listen to a pig with four good legs but who prefers to stand on two?)

The website has been not much better this PM - the ends of both the 14:26 and 14:36 auctions** were pretty shambolic, with 502 errors and timeouts all over the place .. bidding (when it worked at all) was averaging 2.5 seconds a bid (if you play nice and wait for the ack before you send the next one). I had thought it was getting a bit better, but either they've broken something new, or else the ramped up number of auctions has overwhelmed their Atari again. 8<.

** the 14:46 one way fine, on account of early closing some time ago. 8>.

I'm not getting 'recent loan comments'. Times out (tells me there is a problem and to refresh the page).

8665 was 14:26 and 8660 was 14:36, iirc.
Was not a COMPLETE catastrophe, just pretty bad.

From about 8mins to go 8860 was a nightmare to place manual bids. Blue button stayed protected for upwards of 15 secs, I refreshed the page to find bid had not been accepted. Possibly 1 in 3 bid attempts worked. This was £200k and a high rate A+ so bidding was at hyperspeed. 

The downside of the current rates appears to be far fewer high value, high rate loans being accepted. When they are accepted the secondary market gets flooded so 'flipping' cash is tied up more than usual, restricting money available for the next loan.

Just to complete the picture of incompetence, repayments for the 10th went through, all those for the 11th are processing so either the run has broken, or, more likely, the glitches have stopped the dd's being collected.