Greenwood2
Member of DD Central
Posts: 4,333
Likes: 2,753
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Post by Greenwood2 on Jul 28, 2021 17:14:30 GMT
This afternoon's borrower has two loans on the platform already. Nothing wrong with that, as long as you're aware. I only just noticed. I just noticed the borrower on one recent loan repaid a similar loan early (if my notes are correct), again nothing wrong just curious.
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Post by Badly Drawn Stickman on Jul 28, 2021 20:28:12 GMT
Tranche C lasted about 20 seconds, tranche B has £175 left after two minutes And still some of Trance A left I'd expected everything to have gone by the time I was home to be able to invest so didn't transfer any funds in. Perhaps I should have (although I'm not sure it's worth trying now). I have to admit when I saw a £500 bid limit I felt it was a good bit to high, it would seem however they pitched it about right. I suspect if you did do a transfer when you posted you would quite likely be in the frame.
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Post by df on Jul 28, 2021 22:10:58 GMT
This afternoon's borrower has two loans on the platform already. Nothing wrong with that, as long as you're aware. I only just noticed. Yes, I've tried raised this issue earlier in this thread, but it didn't trigger any meaningful response... As the loan book grows, it will get more and more difficult to identify exposure to the same borrower. connectivelending , would you be able to introduce a borrower ID column in "active loans" window so we could easily identify our exposure to the same borrower?
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Post by connectivelending on Jul 29, 2021 8:02:53 GMT
This afternoon's borrower has two loans on the platform already. Nothing wrong with that, as long as you're aware. I only just noticed. Yes, I've tried raised this issue earlier in this thread, but it didn't trigger any meaningful response... As the loan book grows, it will get more and more difficult to identify exposure to the same borrower. connectivelending , would you be able to introduce a borrower ID column in "active loans" window so we could easily identify our exposure to the same borrower? Dear df and all, This is an easy fix and is being actioned today. Thanks for the input. Regards Connective Lending
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Post by Badly Drawn Stickman on Jul 29, 2021 8:19:09 GMT
Yes, I've tried raised this issue earlier in this thread, but it didn't trigger any meaningful response... As the loan book grows, it will get more and more difficult to identify exposure to the same borrower. connectivelending , would you be able to introduce a borrower ID column in "active loans" window so we could easily identify our exposure to the same borrower? Dear df and all, This is an easy fix and is being actioned today. Thanks for the input. Regards Connective Lending connectivelending While you are in there, could you get the loan end date to sort properly as well? Not a major problem but it might as well work as intended.
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Post by df on Jul 29, 2021 10:42:54 GMT
And still some of Trance A left I'd expected everything to have gone by the time I was home to be able to invest so didn't transfer any funds in. Perhaps I should have (although I'm not sure it's worth trying now). I have to admit when I saw a £500 bid limit I felt it was a good bit to high, it would seem however they pitched it about right. I suspect if you did do a transfer when you posted you would quite likely be in the frame. The limit was pitched right to fill the loan quickly, however there probably were more than 5 investors who wanted to be in C but didn't get it because somebody grabbed 50% of it first. I prefer things to be as simple as possible, but as there are 3 tranches of unequal amounts perhaps it would be better to have different limits for each tranche in future.
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Post by Badly Drawn Stickman on Jul 29, 2021 18:23:21 GMT
I have to admit when I saw a £500 bid limit I felt it was a good bit to high, it would seem however they pitched it about right. I suspect if you did do a transfer when you posted you would quite likely be in the frame. The limit was pitched right to fill the loan quickly, however there probably were more than 5 investors who wanted to be in C but didn't get it because somebody grabbed 50% of it first. I prefer things to be as simple as possible, but as there are 3 tranches of unequal amounts perhaps it would be better to have different limits for each tranche in future. It looks a little like we get to do exactly the same loan all over again on Monday so maybe a variation could be tested. I suspect we have both seen enough discussions on loan allocation over the years not to expect any kind of set up that everybody likes.
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Post by df on Jul 29, 2021 21:36:05 GMT
The limit was pitched right to fill the loan quickly, however there probably were more than 5 investors who wanted to be in C but didn't get it because somebody grabbed 50% of it first. I prefer things to be as simple as possible, but as there are 3 tranches of unequal amounts perhaps it would be better to have different limits for each tranche in future. It looks a little like we get to do exactly the same loan all over again on Monday so maybe a variation could be tested. I suspect we have both seen enough discussions on loan allocation over the years not to expect any kind of set up that everybody likes. Yes, that's a very popular theme, but there is never a solution that will please everyone. I just thought I'll throw this thought in anyway It's up to platform to decide on nuts&bolts and I tend to adapt. Miraculously I managed to get my C slice of the last loan, but if I didn't I'd be equally happy with B or A. When I miss the party I tend to think it's probably for the best, and it proved to be true on some occasions. It will be interesting to watch the Monday race and compare it to the recent 161. It looks like this borrower is not short of coins...
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Post by df on Jul 29, 2021 21:41:34 GMT
Yes, I've tried raised this issue earlier in this thread, but it didn't trigger any meaningful response... As the loan book grows, it will get more and more difficult to identify exposure to the same borrower. connectivelending , would you be able to introduce a borrower ID column in "active loans" window so we could easily identify our exposure to the same borrower? Dear df and all, This is an easy fix and is being actioned today. Thanks for the input. Regards Connective Lending Just seen it now. Brilliant! Thank you!
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alibaba
Member of DD Central
Posts: 341
Likes: 245
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Post by alibaba on Aug 12, 2021 13:20:40 GMT
Sat here waiting for the second loan to appear, was supposed to be at 3 pm, will have to go and put the kettle on, I will then probably miss the loan.
Whoops sorry 4 PM my time (old age again)
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Post by Badly Drawn Stickman on Aug 12, 2021 16:22:02 GMT
Sat here waiting for the second loan to appear, was supposed to be at 3 pm, will have to go and put the kettle on, I will then probably miss the loan. Whoops sorry 4 PM my time (old age again) Seemed a lot of trouble in truth. It would have been as well to launch both loans together, at least there would have been twice the chance of getting into the 'C' band which is clearly very popular yet only available to a tiny proportion of investors. I totally accept it is difficult to get the balance or method right with loans but right now I am rapidly losing interest in the platform.
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Post by df on Aug 12, 2021 17:08:25 GMT
Sat here waiting for the second loan to appear, was supposed to be at 3 pm, will have to go and put the kettle on, I will then probably miss the loan. Whoops sorry 4 PM my time (old age again) Seemed a lot of trouble in truth. It would have been as well to launch both loans together, at least there would have been twice the chance of getting into the 'C' band which is clearly very popular yet only available to a tiny proportion of investors. I totally accept it is difficult to get the balance or method right with loans but right now I am rapidly losing interest in the platform. I've got both Cs. Was 10 seconds late for the 2pm one, and C was still available... I agree, it is difficult to please everyone especially with small loans like these two. Perhaps having £25 limit for C could give more chance for slower fingers and then one can top it up with B or A?
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trium
Member of DD Central
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Post by trium on Aug 14, 2021 11:59:09 GMT
Just found emails for both loans in my junk folder, so I missed out this time. I do like the shorter bid restrictions though.
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toffeeboy
Member of DD Central
Posts: 530
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Post by toffeeboy on Aug 24, 2021 15:46:51 GMT
First loan issued on Connective Lending has a completion date of today so interesting to see what happens with this loan and what updates we receive about it.
Time to find out a lot more about how well the site works.
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Post by Badly Drawn Stickman on Aug 24, 2021 17:37:30 GMT
First loan issued on Connective Lending has a completion date of today so interesting to see what happens with this loan and what updates we receive about it. Time to find out a lot more about how well the site works. There is an update on the relevant loan on the platform. Much in line with many predictions.
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