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Peter Renton

by Peter Renton on November 15, 2010

Peter Renton

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{ 4 comments… read them below or add one }

RJ October 4, 2011 at 11:28 am

Talked to countless people at LC and Folio and no one seems to want to fix the glitch on the LC Folio platform. Maybe you can put some pressure on them.

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Peter Renton October 4, 2011 at 4:32 pm

@RJ, The Folio platform seems like the ugly stepsister to me. There have been some minor changes implemented a few months ago but the annoying bug of losing where you were when you view a note has been around for a couple of years. It is a case of it not being big enough of a priority.

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RJ October 7, 2011 at 6:18 pm

Peter, those are not the bugs I am talking about. Perhaps you should publish a story, bc anyone looking to buy notes or anyone whom has bought on LC platform has encountered a pretty big error.

The search feature works in Folio – while there are listed 7 interest rates those rates really should be seen as Note Grades when searching. The 7 boxes show 8%, 9.5%, 11%, 12.5%, 14%, 15.5%, 17%, BUT …..

8% is suppose to be A notes
9.5% is suppose to be B notes
11% is suppose to be C notes
12.5% is suppose to be D notes
14% is suppose to be E notes
15.5% is suppose to be F
and 17% is suppose to be G

Makes a big difference, to the way everyone searches now. They said they were going to fix it and then upgrade search-ability by interest rates I hope. I don’t know what that means, but I hope they post some kind of notice telling people this for now.

I haven’t had a chance to play around yet to test this, but I think it might be correct.

It sounds like you dont care about Folio, but I think many of your readers do….

I have also posted this on Lendstat Forum:

http://lendstats.com/forum/index.php

Thank you Ken for helping me trouble shot this. In the end it was LC whom figured it out. On Wisconsin!

Reply

Peter Renton October 8, 2011 at 9:27 am

@RJ, Thanks for pointing this out, I wasn’t aware of the problem. I don’t spend a lot of time on Folio but I know for many investors it is their only option. I am actually planning a blog post on the trading platform in the next couple of weeks so I appreciate your insight on this.

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