benaj
Member of DD Central
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Post by benaj on May 21, 2018 15:56:11 GMT
It seems money are sitting on FC and not earning interest fast. I started loading money in 3 may, 1st loan is 55824. Since then I have only acquired 180 loans from PM and SM.
Got offer on 56805 / 56815 / 56820 today. Only 3 loans and nothing else since last Thursday. :-(
Isn't it a bit odd like 1000 new loans formed in the FC loanbook but only matched around 15% new loans from PM?
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Post by Ace on May 21, 2018 21:20:30 GMT
benaj , FC's allocation algorithm allocates loans to new money to those with the largest percentage of unallocated funds first. I believe the current cut off point is around the 40% mark. I.e. If you have less than about 40% of you funds unallocated to loans you won't get any more until everyone else's unallocated funds reduces to 40%. Obviously the cut off percentage fluctuates; it rises as new money is added to accounts, and falls as new loans are created. I believe that funds generated from interest and capital repayments jumps ahead of this queue, normally via SM loans in my experience, but this belief has not been confirmed by FC.
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benaj
Member of DD Central
Posts: 5,391
Likes: 1,693
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Post by benaj on May 21, 2018 22:09:47 GMT
I rang FC this morning, I have been told the lending is slowing down but without an accurate figure.
I managed to match 9 loans today. 8 from PM amd one from SM. The lastest loan ID is 56840, but it is a A loan for £9k. And there’s another small tax loan for £6k.
So may be the demand for borrowing is slowing down.
Is there any way to download a live loan book from FC? The latest one I manage to download only holds data up to the end of March.
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