michaelc
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Post by michaelc on Sept 21, 2018 16:57:40 GMT
Both loans went very fast today - the 1st charge one was gone in seconds! SM is 100% a seller's market - nothing there to buy at all. I just hope this doesn't mean reduced interest for the next set of offerings And, I will still ask questions and challenge where I think reasonable to do so. Nothing is black and white.
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Greenwood2
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Post by Greenwood2 on Sept 22, 2018 7:40:03 GMT
Both loans went very fast today - the 1st charge one was gone in seconds! SM is 100% a seller's market - nothing there to buy at all. I just hope this doesn't mean reduced interest for the next set of offerings And, I will still ask questions and challenge where I think reasonable to do so. Nothing is black and white. Back to the old days, SM goes like hot cakes and on the PM unless there's a really big loan you have to be prepared and very quick or use auto invest. Two tiddlers don't go very far.
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Greenwood2
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Post by Greenwood2 on Sept 28, 2018 12:20:35 GMT
Gone in a blink again!
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alibaba
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Post by alibaba on Sept 28, 2018 12:39:35 GMT
And no auto invest option
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snowmobile
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Post by snowmobile on Sept 28, 2018 13:02:02 GMT
Were the new loans available at all? I have been checking frequently and didn't see them.
I haven't received any new loan notification email today. Is it the two new ones showing up in pipeline that have gone already?
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Greenwood2
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Post by Greenwood2 on Sept 28, 2018 13:19:15 GMT
I only saw one of them available. Both had gone by 12:25, my email notification was at 12:15.
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snowmobile
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Post by snowmobile on Sept 28, 2018 13:26:29 GMT
I only saw one of them available. Both had gone by 12:25, my email notification was at 12:15. Thanks. I wonder where my email got to this week This system clearly isn't working well. Even if the email arrives promptly there is a very small window of opportunity to buy. Certainly not enough time to do any meaningful DD. I can only assume that people are buying blindly and then selling anything they don't like (after holding for the required month). I wish they would release the loan documents in advance of the loans becoming available to fund. Ablrate used to get a lot of criticism for this issue and have subsequently changed their system to allow 4 hours to do DD.
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michaelc
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Post by michaelc on Sept 28, 2018 14:41:50 GMT
I only saw one of them available. Both had gone by 12:25, my email notification was at 12:15. Thanks. I wonder where my email got to this week This system clearly isn't working well. Even if the email arrives promptly there is a very small window of opportunity to buy. Certainly not enough time to do any meaningful DD. I can only assume that people are buying blindly and then selling anything they don't like (after holding for the required month). I wish they would release the loan documents in advance of the loans becoming available to fund. Ablrate used to get a lot of criticism for this issue and have subsequently changed their system to allow 4 hours to do DD. I think part of the problem is simple demand/supply - there hasn't been much supply. The logical thing would be for BC to drop their rates even further but I imagine that would annoy folk even more! I'm hoping this is just a short term supply issue and there'll be more and fatter loans to come. Certainly in the short time I've been with them (since start of the year) the supply (both pm and sm) seem to ebb and flow a little over the months. Agree on the blindly buy and then possibly sell after a month if you don't like what you've bought. Even more reason to tread carefully around a sm ?
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Greenwood2
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Post by Greenwood2 on Sept 28, 2018 14:45:25 GMT
I only saw one of them available. Both had gone by 12:25, my email notification was at 12:15. Thanks. I wonder where my email got to this week This system clearly isn't working well. Even if the email arrives promptly there is a very small window of opportunity to buy. Certainly not enough time to do any meaningful DD. I can only assume that people are buying blindly and then selling anything they don't like (after holding for the required month). I wish they would release the loan documents in advance of the loans becoming available to fund. Ablrate used to get a lot of criticism for this issue and have subsequently changed their system to allow 4 hours to do DD. With these small loans only a tiny number of lenders will get in anyway. We really need to wait for some bigger loans to be worth taking the time to do DD and leave these tiddlers to the brave (and quick), although as you say selling on the SM doesn't seem to be a problem at the minute, if you do get into one you don't like too much in retrospect. Edit: Crossed with michaelc.
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Greenwood2
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Post by Greenwood2 on Oct 12, 2018 13:31:52 GMT
Another three small blink and you missed it loans today. The bigger one earlier this week lasted a couple of days.
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michaelc
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Post by michaelc on Oct 12, 2018 13:43:19 GMT
I bit into the .6 % . Did you get anything?
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Monetus
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Post by Monetus on Oct 12, 2018 13:45:24 GMT
I had a couple of repayments this week so luckily had some funds sat on the platform and managed to grab a slice of all 3.
You certainly need to be quick off the draw these days.
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gareot
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Post by gareot on Oct 12, 2018 14:03:19 GMT
Just managed a bite of S******n. Luckily I hadn't withdrawn my funds either.
PS I don't like life in the fast lane BC.
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Greenwood2
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Post by Greenwood2 on Oct 12, 2018 15:14:30 GMT
A bit slow on the draw today. Got a bit of the bigger one earlier in the week.
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rozentas
Suck it and see
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Post by rozentas on Oct 12, 2018 15:49:57 GMT
There is an auto invest facility on BC, just call them up and ask to activate it.
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