adrianc
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Post by adrianc on Mar 1, 2017 20:37:17 GMT
I'm dissapointed to hear about the introduction of pre-funding. My view has been to resolve the IT issues and reduce the bid limit...both of which appear to have happened for the last few loans. By introducing pre-funding MT lose their USP that many people joined MT for...their uniqueness compared to others. That uniqueness has me >< this close to saying "soddit", frankly, and wandering off. Making an effort to be near a machine at an inconvenient time, just to get £25's worth of something not terribly exceptional? Sod that for a game of soldiers.
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Post by GSV3MIaC on Mar 1, 2017 20:43:03 GMT
I don't think pre bidding is going to help with the £25 cases anyway (unless the £25 gets reduced to £1) .. but it might help with the £1000 case where right now it may or may not be available five hours later and another £1k may or may not be available 24 hours later, and possible a large chunk 24 hours after that (which has tied Ed's capital up for no good reason). Now we can all get £1350 (or whatever the right answer turns out to be) at 16:01 on the first day, whether we are there or not (assuming we got enough notice to move the required funds (and no more!) in).
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hendragon
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Post by hendragon on Mar 1, 2017 20:56:43 GMT
Given "Ed and the things" past record I do hope that any sort of pre-funding will be better implemented that it was at some other platforms. They do listen and respond well. Part of me question this sort of rationing of loans as defeatist. It implies that a platform believes it cannot get enough loans to satisfy investor demand.
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ben
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Post by ben on Mar 1, 2017 21:05:04 GMT
Given "Ed and the things" past record I do hope that any sort of pre-funding will be better implemented that it was at some other platforms. They do listen and respond well. Part of me question this sort of rationing of loans as defeatist. It implies that a platform believes it cannot get enough loans to satisfy investor demand. I think there is very few platforms that have enough loans to satisfy investor demand. Which is one reason why rates are going down across all sites.
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Post by eascogo on Mar 1, 2017 21:18:51 GMT
Given "Ed and the things" past record I do hope that any sort of pre-funding will be better implemented that it was at some other platforms. They do listen and respond well. Part of me question this sort of rationing of loans as defeatist. It implies that a platform believes it cannot get enough loans to satisfy investor demand. The demand is exceeding supply because of the quality of the loans. If MT was able to increase supply whilst keeping the high quality I'm sure they would and they are surely aiming to do that. Being unable to satisfy demand in this scenario should not be seen as a failure.
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spyrogyra
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Post by spyrogyra on Mar 1, 2017 22:36:22 GMT
Please stop repeating "lower rates". I am already allergic to that. MT page is the most inappropriate place to mention them!
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woodie
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Post by woodie on Mar 1, 2017 23:59:05 GMT
I wasn't aware that 'we' had agreed anything ... really disappointed.
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johni
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Post by johni on Mar 2, 2017 10:50:32 GMT
When the vote was done it was clear no change was the most popular choice. I didn't comment wrongly expecting some sort of choices to be aired by Moneything. I also am disappointed by the change and am happy with the way things are at the moment.
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Post by marcusponds on Mar 2, 2017 11:15:23 GMT
When the question was first asked by Ed, it was a nightmare to get into a new loan. Since then, 2 or 3 big ones were issued smoothly, with circa £1000/£2000 availability for all for around 24+ hours. Ed has chosen the bid limits very wisely. So I'm not sure the pain we experienced before, still exists.
And...people animated about not being able to get the odd £25 at 4pm, it's a couple of quid PER YEAR interest - surely you should be dong something better with your money!
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pom
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Post by pom on Mar 2, 2017 11:48:04 GMT
When the vote was done it was clear no change was the most popular choice. I didn't comment wrongly expecting some sort of choices to be aired by Moneything. I also am disappointed by the change and am happy with the way things are at the moment. The vote predated the recent discussion by a number of months - I'm (personally) also quite happy how things are, but things change, MT has to find the best way (for them) to grow
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jcb208
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Post by jcb208 on Mar 2, 2017 18:17:57 GMT
Well I'm for prefunding as the only time I can get any money invested is If I have a day off work or on the odd occasion goes live at weekends
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Post by spareafewcoppersguv on Mar 2, 2017 19:19:12 GMT
When the vote was done it was clear no change was the most popular choice. I didn't comment wrongly expecting some sort of choices to be aired by Moneything. I also am disappointed by the change and am happy with the way things are at the moment. The vote predated the recent discussion by a number of months - I'm (personally) also quite happy how things are, but things change, MT has to find the best way (for them) to grow I'm also happy with things as they are! However what will be will be, and if that means I invest less then so be it.....
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averageguy
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Post by averageguy on Mar 2, 2017 22:45:30 GMT
Shrug
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Liz
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Post by Liz on Mar 3, 2017 0:14:57 GMT
Please stop repeating "lower rates". I am already allergic to that. MT page is the most inappropriate place to mention them! Lower rates are envitable if MT want to compete.
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dan83
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Post by dan83 on Mar 3, 2017 7:18:19 GMT
This will be a step in the right direction as I struggled to be online at 4pm.
Although with some loans, mainly roll overs, I don't see the point. Might aswell give fewer people £25 each then 1000 people £1 each.
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