System Improvements Offer Expanded Capabilities
We are very excited to have finally launched our improved site after weeks of development. This release brings some cool new features for the unimpeded usage of your account and increasing its abilities, as well as important updates related to security. Below is a short description of some of the bigger changes you will notice.
So far it was impossible for you to operate with your account if you have a merchant integrated loan and naturally our goal was to make it easier to distinguish funds available for investing (or withdrawing) from funds which are from merchant integrated loans. And we made it! From now the imposed restriction will be waived – your account will remain at your disposal and you will be able to borrow and invest even if you have a merchant loan. As an addition you get the freedom to have two or more merchant loans at once.
For your convenience you can provide a second number for a fallback device. A backup SMS number can get you back in to your account if you ever need to log in and your phone is misplaced, broken, lost, or stolen.
Here are the steps you need to follow in order to add your backup number:
Step 1: You could choose between the options you are given – to use your existing phone number or to add an alternative one.
Step 2: You need to fill out the code that has been sent as an SMS to your new device.
Step 3: Finally, you need to add your current two-factor authentication code.
Congratulations! You have successfully updated your secondary authentication device!
Note: To better protect your account, we encourage all users to set Two-factor authentication on their account.
Along with the current release we introduce a brand new hottest feature called “Tipping”. From now you will have the ability to tip a loan. This way you could easily add more weight on a loan in the listing in order for it to be shown on first places. Make sure no one misses your loan!
If you are a borrower or an investor and you want a specific loan to be shown on the home page and to be funded quickly, you are now allowed not only to vote for it but also to tip it. If your loan is good, it will be funded even if it’s not on the home page and the opposite if a loan is bad, it won’t be funded even being on the home page.
Note: On the invest page the loans are still sorted by votes. Only on the home page you have 3 loans with a little different background and a badge which are above any other loans and are sorted by tips.
To prevent abuse of the reputation system, we enforced a restriction of the number of reputation loans a user can make. Borrower is allowed to make only one reputation loan ever. You are able to built a reputation and become a trustful member of our community using the other types of loans.
Miscellaneous improvements and bug fixes
One of our new-release improvements is the “Update” button added on the “Details” page of your personal information.
Thank you all so much for your incredible support!
Do not forget to share your thought with us! Send us a tweet to @BitLendingClub or contact us at firstname.lastname@example.org.
We’ll continue our work on improving the lending platform and providing you with more secure investments and loans. Thank you for being part of the BitLendingclub community — we hope you enjoy it!
The BitLendingClub Team