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  1. #1021
    Member
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    Sep 2015
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    226

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    Yup. Finding it impossible to get any loans recently. Surely no one can consistently log in and claim all available notes within seconds each and every time a loan is listed. Definitely some automation still out there

  2. #1022
    Member
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    Sep 2015
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    226

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    I think I know what's happening now. Randomly logged in at 3:18pm and there was a $3250 B1 loan listed!*

    The notification email didn't come in until 3:29pm! So I guess the emails are broken for at least some investors. I would be interested to hear if anyone else got this email any earlier or later than this?

    *even without the notification email, the loan still filled up within 1 minute
    Last edited by Kelvin; 08-01-2019 at 02:37 PM.

  3. #1023
    yeah, nah
    Join Date
    Mar 2017
    Posts
    491

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    Arrived in my inbox @ 3:22pm... (gmail)

  4. #1024
    Senior Member
    Join Date
    Sep 2015
    Location
    Norf Eyelynd
    Posts
    834

    Default Delayed Emails = Problem Yes

    Quote Originally Posted by Kelvin View Post
    I think I know what's happening now. Randomly logged in at 3:18pm and there was a $3250 B1 loan listed!*

    The notification email didn't come in until 3:29pm! So I guess the emails are broken for at least some investors. I would be interested to hear if anyone else got this email any earlier or later than this?

    *even without the notification email, the loan still filled up within 1 minute
    I'm with Yahoo Mail... And yes since New Year the Emails have been very badly delayed ( Mobile & Laptop Yahoo Pop3 Emails )

    Really has not assisted my investing - as I keep missing out

  5. #1025
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    Sep 2015
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    Thanks myles and Saamee. I have sent an email to LC support detailing the issue.

    Btw, i am using Gmail

  6. #1026
    Guru
    Join Date
    Aug 2012
    Posts
    4,663

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    Quote Originally Posted by leesal View Post
    Agree with your logic, however if the B1/B2 10% flex loans weren't available, you'd be forced to consider the 25% flex against the other P2P and investment options.

    Not quite sure that agree on avoiding B2 loans. There is no certainty a recession will hit in the next year, coupled with the (albeit limited) historical data from Lending Club from 2007 and 2008, that demonstrate small positive returns from A-C grades (without any security). Do you view B2 as more risky then a Lending Club (or for that matter Harmoney) unsecured loan?
    I haven't done statistical analysis but I would treat B2 as a Harmoney c1-c3.
    Although a recesssion is not a certainty I would say international and local conditions are not as rosy as they once were, so the business cycle is maturing.
    Risk tolerance and ability to absorb capital write-offs may also depend on your tax circumstances (whether or not you can claim deductions for capital write-offs). On that basis it may effect retail investors willingness to undertake greater risk.

    So in the next recession, if you are able to deduct loan write-offs that could make a material difference to your net returns.

  7. #1027
    Guru
    Join Date
    Aug 2012
    Posts
    4,663

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    Quote Originally Posted by Kelvin View Post
    Thanks myles and Saamee. I have sent an email to LC support detailing the issue.

    Btw, i am using Gmail
    I use gmail too...and have been able to login immediately recently. When I do, even the bigger loans (apart from those charging 25% flex) have gone.

    I know it sounds cynical but are the big investors moneyed up and able to take first dibs again?
    Last edited by Bjauck; 09-01-2019 at 03:34 PM.

  8. #1028
    Member
    Join Date
    Sep 2016
    Posts
    70

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    I use Google G Suite (business Gmail). The LC emails arrive within a minute of being sent. This is typical for a good email service as it's not checking every second.
    I have an automated sequence that logs me in quite quickly.
    Occasionally I'll be very early to get into a B1 and the majority is still remaining to be invested.
    It's virtually impossible to get into a B2 of around $3k or less - it seems someone is using automation and taking big chunks, possibly $2000 for the first bite then repeating the order with a few hundred dollars and so on until they have all or the majority of the loan. I've seen loans drop several thousand at a time (I've watched loans by continually refreshing the page to see how quickly they disappear)
    If I was going to do it, I would simply poll the page every 30-60 seconds and watch for changes then automatically take the order. To ensure I got all the loan, I'd probably run several parallel accounts all using some kind of scraper, just to reduce the suspiciousness of one account always getting the majority of a loan.
    Having said that, I really don't think LC cares at all that someone is using software. They just want to fill the loan. Until they get to a point where there are more loans than investors and some loans don't get filled because people are frustrated with the system, there's no reason for them to change this.

  9. #1029
    Senior Member
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    Sep 2015
    Location
    Norf Eyelynd
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    834

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    Quote Originally Posted by darrenc View Post
    I have an automated sequence that logs me in quite quickly.
    I would be interested to hear more from you about what you have set up here?

    Is using in Windows 10?

    Rgds

  10. #1030
    Member
    Join Date
    Sep 2016
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    70

    Default

    Quote Originally Posted by Saamee View Post
    I would be interested to hear more from you about what you have set up here?

    Is using in Windows 10?

    Rgds
    Android - it's simple. I saved a shortcut to the phone's screen with the password saved in Chrome. I click the icon which opens the website in Chrome and fills in the username and password automatically, click sign in, click loan listings. It takes less than 5 seconds. On Windows, I have a shortcut in the browser bar - same deal and no need for anything more complex.

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