ben
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Post by ben on Jul 30, 2017 16:09:51 GMT
I invested £2k at 6% Priority Rate on Friday afternoon. It had been fully invested when I checked on Saturday morning. I can live with 6% & the flexibility to withdraw on 30 days. The problem is the rate has gone at least 0.5% in only a few months, as loans are short term sometimes can take a day or two to match so brings it down. When it comes to reinvest it reinvests at rate you had set so if market rate has changed your money will not get lent out, so you need to log in to check often. At moment I am keeping my investment in but I can see in a few months it will not be worth it.
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shimself
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Post by shimself on Aug 1, 2017 8:59:21 GMT
I actually had funds uninvested (order for 6.1%) for 5 weeks. I'm feeling seriously neglected.
Has anyone had any insight as to where the money is going?
A bit for feedback to GS. The withdraw page has a partially redacted version of my bank details, that is sensible good thanks. The You Have withdrawn page which appears immediately after has the bank details in full. Erm...
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littleoldlady
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Post by littleoldlady on Aug 1, 2017 10:00:19 GMT
A bit for feedback to GS. The withdraw page has a partially redacted version of my bank details, that is sensible good thanks. The You Have withdrawn page which appears immediately after has the bank details in full. Erm... This is inconsistent, but in fairness GS do show their own bank details on every page. What security risk do you see in someone knowing your account number?
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shimself
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Post by shimself on Aug 1, 2017 12:10:55 GMT
A bit for feedback to GS. The withdraw page has a partially redacted version of my bank details, that is sensible good thanks. The You Have withdrawn page which appears immediately after has the bank details in full. Erm... This is inconsistent, but in fairness GS do show their own bank details on every page. What security risk do you see in someone knowing your account number? Didn't Jeremy Clarkson publish his account details and didn't someone then sign him up for a direct debit? (answer yes - news.bbc.co.uk/1/hi/entertainment/7174760.stm ). What I actually don't like is the lame thinking.
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littleoldlady
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Post by littleoldlady on Aug 1, 2017 15:32:25 GMT
What I actually don't like is the lame thinking. Quite.
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Post by beeje13 on Aug 2, 2017 9:19:14 GMT
My recent order (priority rate, 6.0%) took a day (or less). Current loan contract ends on the 30th August so hopefully I can get 6.0% again.
The problem is, how would we ever know, without someone risking cash drag, that the market becomes re-balanced and you can choose market rate for a quick match?
And as has been mentioned previously, under the current mechanism, rates cannot go up!
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m2btj
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Post by m2btj on Aug 2, 2017 12:49:25 GMT
Despite taking a full day for my faster payment to credit my holding account, I was fully invested at Priority Rate by 11am next day.
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mary
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Post by mary on Aug 2, 2017 18:40:27 GMT
My recent order (priority rate, 6.0%) took a day (or less). Current loan contract ends on the 30th August so hopefully I can get 6.0% again. The problem is, how would we ever know, without someone risking cash drag, that the market becomes re-balanced and you can choose market rate for a quick match? And as has been mentioned previously, under the current mechanism, rates cannot go up! Unlikely, the rate has dropped 0.1% every 30 days for the last few months and the change seems to be on the 26th or 27th!
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Post by beeje13 on Aug 2, 2017 21:56:45 GMT
Oh, I had it in my head it was always the 1st of the month.
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beh
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Post by beh on Aug 10, 2017 15:35:15 GMT
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greatmarko
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Post by greatmarko on Aug 10, 2017 22:06:19 GMT
"release more visibility"?! LOL - How difficult is it for them to only show statistics for a narrower, more recent date range!? - that surely doesn't take "weeks" to implement?
I mean, even if they don't have statistics past 21st June 2017 to hand, simply just changing the date range they're currently showing to a period of say 14th - 21st June would provide a more accurate indication than showing a period stretching way back over 8 months!
I do however note from an email they've sent out this evening that tomorrow morning they intend to "deploy updates to the platform" - I really hope one of them is to publish more accurate/realistic lend times! For example, according to their published statistics, I should be able to typically expect 99.4% of money invested at "priority rate" to have been lent within 5 days... whereas after 7 days now a total of 0% has been lent!
Their statistics page is an absolute joke!
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shimself
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Post by shimself on Aug 14, 2017 13:26:37 GMT
"The majority of lend orders placed on the Growth Street platform are fully matched within 24 hours" Ahem
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ben
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Post by ben on Aug 14, 2017 13:29:57 GMT
"The majority of lend orders placed on the Growth Street platform are fully matched within 24 hours" Ahem Due to loan repayments etc I currently have 7 open loans requests, first one from the 10th, so that is 4 days already.
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shimself
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Post by shimself on Aug 14, 2017 13:34:17 GMT
"The majority of lend orders placed on the Growth Street platform are fully matched within 24 hours" Ahem Due to loan repayments etc I currently have 7 open loans requests, first one from the 10th, so that is 4 days already. see my post above. FIVE WEEKS! I'm out now. I left a nominal sum on 1 August, half on express which has been invested and half on regular, which is (of course) still doing nothing.
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littleoldlady
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Post by littleoldlady on Aug 14, 2017 19:59:56 GMT
They may have fixed the bug where reinvestments were placed at the same rate instead of the new lower priority rate.
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