By "Dead".... are you meaning quiet with not many borrowers this week?
I have checked in every day and it does seem to have been a very quiet towards the end of this week - like yesterday I saw just 3.5K awaiting funding.
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There are 7 new loans ($150k) coming to market soon
Is anyone Actively getting into any loans currently at Squirrel?
I've been watching for 3 weeks now and Loans available always show ZERO for any term length!
I also see the Investors Funds for 5 Year loans @ 9% grow and grow till it's now at 123K
Are my observations correct and things have ground to a sudden halt @ SM??
I had managed to get around $7K put to work early last week but don't really understand the platform mechanics. I think I bought someone else's loans and was able to skip the queue by "matching them".
Their overnight account credit is killing them too, it is pointless to add money and then have it sit there doing nothing for weeks for anything come up. Nor do they have email notification of loans coming on market or requiring matching. Investors have very little knowledge about timeframes with them.
With LC funding is credited near instantly and with their notification emails I can invest in loans instantly too. Such simple things.
Only 1 out of 4 investment orders (for 3 yrs) that I put in 2 weeks ago has been taken. As far as we can see, there are no loans there right now needing financing. All we can do is wait really.