jcb208
Member of DD Central
Posts: 829
Likes: 614
|
Post by jcb208 on Jul 14, 2021 19:20:55 GMT
That never took long to fill unlike the early ones Well that's annoying, email received this afternoon and all gone by the time I was home (and no sign of anything upcoming when I looked yesterday afternoon/evening) I received the email at 17.36,only new about the new loan when Nomad mentioned it
|
|
|
Post by df on Jul 14, 2021 20:04:31 GMT
Well that's annoying, email received this afternoon and all gone by the time I was home (and no sign of anything upcoming when I looked yesterday afternoon/evening) I received the email at 17.36,only new about the new loan when Nomad mentioned it Mine arrived at 14:20, but only saw it at 3pm. By that time only tranche B was available. I didn't withdraw the recent early repayment , so I had some cash on the account... as this (desperate borrower needs cash asap) has already happened twice I think it is probably a good idea to keep some "emergency" cash on CL.
|
|
trium
Member of DD Central
Posts: 383
Likes: 304
|
Post by trium on Jul 15, 2021 11:32:37 GMT
Just opened account despite being spooked by bad experiences on FS. Can't see me investing in property until I see a track record in managing these loans. The 6-month term was never appropriate for property on FS and I hope they don't try to do the same here. Anyhow, I have a massive £250 awaiting the forthcoming deluge of loan offers. I get more reckless as I get older. Welcome to the circus. BTW, you don't normally need to fund the account upfront as there is normally a warning email 24 hours before new loans are released, though there have been a couple without warning. Hmm. Another without warning. It appears that not only is spare cash on hand required but checking emails every five minutes is also essential. I missed this one and I am unlikely to get very far with a platform that operates this way because I'm always going to be late to the party.
|
|
|
Post by Ace on Jul 15, 2021 13:30:56 GMT
Welcome to the circus. BTW, you don't normally need to fund the account upfront as there is normally a warning email 24 hours before new loans are released, though there have been a couple without warning. Hmm. Another without warning. It appears that not only is spare cash on hand required but checking emails every five minutes is also essential. I missed this one and I am unlikely to get very far with a platform that operates this way because I'm always going to be late to the party. Yes, that was a bit unfortunate for your first chance of a loan. There have been a few of these no-notice emergency loans, but the majority do get 24 hours notice. I was lucky that I had some repayment cash handy and emails flash up on my watch when they arrive, so I managed to get a chunk. I was a bit surprised to see that so many people had large chunks of cash on the platform not earning interest waiting for loans. I'm assuming that nobody was able to transfer funds in that quickly, as my transfers have taken a lot longer than that. Perhaps they processed transfers more quickly due to the borrower's hate.
|
|
jonno
Member of DD Central
nil satis nisi optimum
Posts: 2,790
Likes: 3,211
|
Post by jonno on Jul 15, 2021 13:41:03 GMT
Ace;No. I had taken my cash out and by the time my deposit "arrived" the loan was gone. Given the lack of notice, I think they either should have speeded up their payment process, or set a lower minimum at least for a couple of hours. Of course it couldn't be a gentle "shove" to encourage lenders to keep some cash on the platform could it? (I know, I know, lenders' cash is ring fenced blah blah ).
|
|
trium
Member of DD Central
Posts: 383
Likes: 304
|
Post by trium on Jul 15, 2021 18:33:20 GMT
[emails flash up on my watch when they arrive I gotta get me one of those
|
|
nyneil
Member of DD Central
Posts: 349
Likes: 438
|
Post by nyneil on Jul 16, 2021 7:42:15 GMT
Purely by chance, I was on my laptop when the email arrived. I made an immediate cash transfer, which was processed in minutes, so on this occasion I'm a happy bunny.
|
|
trium
Member of DD Central
Posts: 383
Likes: 304
|
Post by trium on Jul 19, 2021 16:42:48 GMT
Small new loan tomorrow
Can I pitch for more than one tranche (assuming availability lasts long enough to do so and I don't go above the % of available funds in the higher tranches)?
|
|
|
Post by df on Jul 19, 2021 21:24:52 GMT
Small new loan tomorrow Can I pitch for more than one tranche (assuming availability lasts long enough to do so and I don't go above the % of available funds in the higher tranches)? One has to have very fast fingers to get into tranche C. £250 restriction - only need two investors for tranche C to be gone . Getting A and B is more realistic, but good luck with all three I could be wrong, but I don't think "% of available funds" function is in place anymore. They've turned it on once by accident, but not since. I've recently invested all my available funds in trance C...
|
|
|
Post by Ace on Jul 19, 2021 21:39:15 GMT
Small new loan tomorrow Can I pitch for more than one tranche (assuming availability lasts long enough to do so and I don't go above the % of available funds in the higher tranches)? One has to have very fast fingers to get into tranche C. £250 restriction - only need two investors for tranche C to be gone . Getting A and B is more realistic, but good luck with all three I could be wrong, but I don't think "% of available funds" function is in place anymore. They've turned it on once by accident, but not since. I've recently invested all my available funds in trance C... Tranche C df ! Don't know why but I had you down as a Tranche A man 🤔 I don't have any funds on the platform at the moment, and I'm tired up tomorrow, so there'll be one fewer Tranche A jockey in the race tomorrow. Good luck all.
|
|
toffeeboy
Member of DD Central
Posts: 530
Likes: 378
|
Post by toffeeboy on Jul 20, 2021 12:04:48 GMT
Small new loan tomorrow Can I pitch for more than one tranche (assuming availability lasts long enough to do so and I don't go above the % of available funds in the higher tranches)? Lasts long enough, Tranche C was gone before the loan was even supposed to go live. Just logged in at 12:59 and all of Tranche C was gone, what is the point of having a go live time if you send the loan live early even a couple of minutes obviously makes a big difference when loans go this quickly.
|
|
trium
Member of DD Central
Posts: 383
Likes: 304
|
Post by trium on Jul 20, 2021 12:31:04 GMT
There is still £625 of A left at 1.25 pm. There was £50 of C left when I looked at maybe 1.05 pm. The loan did not go live, for me at least, before time. I wonder if you're checking prematurely - until it actually goes live the availability shows zero.
|
|
|
Post by df on Jul 20, 2021 12:38:58 GMT
One has to have very fast fingers to get into tranche C. £250 restriction - only need two investors for tranche C to be gone . Getting A and B is more realistic, but good luck with all three I could be wrong, but I don't think "% of available funds" function is in place anymore. They've turned it on once by accident, but not since. I've recently invested all my available funds in trance C... Tranche C df ! Don't know why but I had you down as a Tranche A man 🤔 I don't have any funds on the platform at the moment, and I'm tired up tomorrow, so there'll be one fewer Tranche A jockey in the race tomorrow. Good luck all. You are right, generally speaking I'm "tranche A man". When MT offered tranches on one (or two?) loans I went for tranche A. On Col and FS I rarely went for higher interest lower priority tranches. On KUF I always go for tier 1 when the tier system is offered. It's different with CL's low LTV bling - less risk than investing in building projects. So, on CL I normally aim for tranche C with some exceptions (e.g. for recent two paintings I've chosen tranche A). I obviously didn't get tr C this time, it wasn't available at 13:00, but even if it wasn't released a minute earlier there's always somebody with faster fingers than me
|
|
|
Post by df on Jul 20, 2021 12:48:18 GMT
There is still £625 of A left at 1.25 pm. There was £50 of C left when I looked at maybe 1.05 pm. The loan did not go live, for me at least, before time. I wonder if you're checking prematurely - until it actually goes live the availability shows zero. This is strange. I was there at 13:00:00 precisely and C was already gone. Some of B was still available and plenty of A.
|
|
trium
Member of DD Central
Posts: 383
Likes: 304
|
Post by trium on Jul 20, 2021 13:06:01 GMT
There is still £625 of A left at 1.25 pm. There was £50 of C left when I looked at maybe 1.05 pm. The loan did not go live, for me at least, before time. I wonder if you're checking prematurely - until it actually goes live the availability shows zero. This is strange. I was there at 13:00:00 precisely and C was already gone. Some of B was still available and plenty of A. Maybe I misread something. This is the first loan I've watched go live so it's not a familiar process. However, I didn't like the loan-funding system on FS and this one is much the same.
|
|