Squirrel Money P2P

**Kelvin** · 02-11-2016, 10:25 AM

Borrower never accepted the 8.9% loan.

While my funds were held for 24 hours awaiting acceptance, tens of thousands of $$ worth of other loans were matched

, now I go back in the queue awaiting to be matched again.

Squirrel really should look at fixing this awaiting funding approval process, perhaps cut it to 12 hours

**Kelvin** · 02-11-2016, 05:14 PM

A lot of loans came through today. Only ~$1000 of funds left bidding for 5 year loans!

**Saamee** · 02-11-2016, 06:36 PM

Originally Posted by Kelvin

A lot of loans came through today. Only ~$1000 of funds left bidding for 5 year loans!

Good to know.

Still have not seen any Loans sitting in the "Awaiting Funding" area!!

**Kelvin** · 02-11-2016, 08:15 PM

Originally Posted by Saamee

Good to know.

Still have not seen any Loans sitting in the "Awaiting Funding" area!!

There is a 3 year 15k loan awaiting funding.

Otherwise there are enough investor bids in the system for loans to move to funded straight away.

**Saamee** · 03-11-2016, 04:15 PM

Originally Posted by Kelvin

There is a 3 year 15k loan awaiting funding.

Otherwise there are enough investor bids in the system for loans to move to funded straight away.

Just ( finally ) got assigned to a 5Y 8.95% loan

Just got to wait up to 23hrs and 56 mins!

**Saamee** · 04-11-2016, 04:10 PM

Originally Posted by Saamee

Just ( finally ) got assigned to a 5Y 8.95% loan

Just got to wait up to 23hrs and 56 mins!

Sadly 24 Hrs later and they never took up the offer...

Oh well new order established... waiting again.

**Kelvin** · 04-11-2016, 05:19 PM

Wish SM pushed harder for an Accept or Decline response from the borrower, rather than waiting 24 hours for a loan to expire

That way if they do decline, your funds can go straight back in the queue rather than having them tied up for 24 hrs.

**Saamee** · 05-11-2016, 08:57 AM

Originally Posted by Saamee

Sadly 24 Hrs later and they never took up the offer...

Oh well new order established... waiting again.

As soon as the 24 Hr wait expired, put the funds straight back in again, and got matched 15 mins later @ 8.95% - within 1 hour it was then at status = waiting drawdown.