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  1. #851
    Member
    Join Date
    Jan 2005
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    New Zealand
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    101

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    HI Demilich, glad to hear it's working for our friends abroad.

    Re the timing, it's a random value between a min and max period (max period was reduced in the last patch). This isn't so much to mask it's behaviour from the LC servers, (they know the app is out there and in use) it's again just a behaviour that helps introduce some fairness between users of the app and non users.

    I don't record connection activity unless the user opts in for anonymous usage reports, but what information I do have suggests not many people are using the app (it's word of mouth beyond this forum). So I don't think it's correct to characterise it as sucking up every loan. Prior to the apps debut small loans and B2 grades were going just as fast as they are now. There's no change there.

    Given the rate at which that some loans consistently become filled, I'd bet there's more than a few similar apps out there. Any developer like myself could knock something out and keep it to themselves...

  2. #852
    Member
    Join Date
    Aug 2015
    Posts
    183

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    guys the latest update for LC autoinvestor app by PennyPicker is working great. It fixed some long term bugs and is very stable. version 17.11.05

    Its been a busy week at LC with many loans uploaded and if you have been using latest build you probably have not missed any/many of those new loan listings.
    Last edited by whitt; 01-12-2017 at 04:02 PM.

  3. #853
    Member
    Join Date
    Jan 2005
    Location
    New Zealand
    Posts
    101

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    It's been a great week eh. I've run out of capital twice!

    (Re LC Auto Investor, just working on a new version now. I note some users are still on the October release. Really suggest upgrading to get all the improvements found in later versions. Thanks to help from a few folks on the forum, we've tracked down an annoying disconnect bug earlier this week. Really appreciate your help guys.)
    Last edited by PennyPicker; 01-12-2017 at 11:28 PM.

  4. #854
    Senior Member
    Join Date
    Sep 2015
    Location
    Norf Eyelynd
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    834

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    Quote Originally Posted by Darchie View Post
    Saamee .... Did you by any chance take a screenshot of that loan taken out on 7.1.16 that's currently 70 days overdue?
    I get the feeling this one could be heading towards creating LendingCrowds first sour loan! Hope not!
    Looks like at Midnight tonight this loan will become the 1st LC loan to go 'In Collection Principal'

    89.jpg

  5. #855
    Member
    Join Date
    Jul 2017
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    128

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    Quote Originally Posted by Saamee View Post
    Looks like at Midnight tonight this loan will become the 1st LC loan to go 'In Collection Principal'

    89.jpg
    Hi Saamee, can you please give us an update on the status of this loan? Cheers and TIA.

  6. #856
    Senior Member
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    Sep 2015
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    Norf Eyelynd
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    Quote Originally Posted by joker View Post
    Hi Saamee, can you please give us an update on the status of this loan? Cheers and TIA.
    @Joker > There is nothing more to add than what is shown on the LC Website....

    https://lendingcrowd.co.nz/howitwork...faq#lc-wrapper

    Attachment 9335

  7. #857
    Senior Member
    Join Date
    Sep 2015
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    Norf Eyelynd
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    834

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    Quote Originally Posted by Saamee View Post
    @Joker > There is nothing more to add than what is shown on the LC Website....

    https://lendingcrowd.co.nz/howitwork...faq#lc-wrapper

    Attachment 9335
    Well I guess @joker. myself and others all just got the update Email from LC.

    Loan Written off & NO Loss of Capital.

    Well completed and well done to LC.

  8. #858
    Junior Member
    Join Date
    May 2016
    Posts
    25

    Default

    Presumably the borrower has defaulted on the loan, therefore why was there no loss of capital ??

  9. #859
    Senior Member
    Join Date
    Sep 2015
    Location
    Norf Eyelynd
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    834

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    Quote Originally Posted by jallison View Post
    Presumably the borrower has defaulted on the loan, therefore why was there no loss of capital ??
    LC takes SECURITY on EVERY Loan

  10. #860
    Member
    Join Date
    Jul 2017
    Posts
    128

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    Quote Originally Posted by Saamee View Post
    Well I guess @joker. myself and others all just got the update Email from LC.

    Loan Written off & NO Loss of Capital.

    Well completed and well done to LC.
    That's good news Saamee. I didn't get the email but I assume that's because I wasn't invested in the loan.

    Cheers

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