A General Update From Moneything

Great up date from the things, once again they lead the way in transparency and communication.  They continue to be my largest P2P portal and this sort of document and their strong belief in well controlled procedures/processes is my prime reason for confidence in them.

That they have had 4 defaults, while not a good thing, is an opportunity to grow and improve, that they have refocused to resolve the defaults as well as modify their processes and communicate what is happening is just fantastic.  Even their thoughts on this forum are clear and well explained.

A timely, well thought out, professional and aspirational update.

If only other platforms could aspire to the same levels of transparency and responsiveness to their lenders!

Very well thought out and transparent update
MT you can only be applauded for this.

Whilst I notice and still feel the gap your frequent posts added here, knowing that you still read and take on board whats being posted is almost as good as getting direct replies here. My only criticism is that you could have advised this earlier and not let it get to the point where we noticed that you were clearly not engaging on this portal.

Your going to tread a very fine line in the reporting of minor late payments I feel. People are easily spooked, particularly right now, and some will just not understand how the money doesn't just turn up every month on the dot when its due. Good luck with getting that communication right

Lastly on the defaults. 1/4 recovered. Tick one, you can do it.
The other 3 will be more problematic we know, as soon as property is involved it changes the complexity.

Your ope approach and learning from your scale up will IMHO place you well for long term survival. It breeds trust and beyond anything in business you need trust.

I just had a quick scan and looks really positive. Somebody above said there would be no more Broadoak. What's that about? Something I missed presumably.

Thank you MT 😊 .

I look forward to the ‘Disclosure of arrears or events of default’ as a means of increasing my investment. I am currently 1/3 of my investment before default of StLA informed lenders this was actually a non-performing loan (I doubled my investment in the month of default, including rare sales on the night beforehand).

I welcome the notification to all lenders, hopefully The Shuang can tie in the excellent Updates to email (IFISA commitments allowing!).

Thank you again 😊 .

Edit - the confirmation of DD on borrowers will also reassure those that had to share their concerns on recent loans such as Paisley and Bradford and the timing of the Ground Rents at a time of media scrutiny and fall through of the already notified sales agreement.

At least we no longer have to look at the vagaries of lower division soccer 😁 .

No, it means what it says - i.e. you'll have to log on to your MT account and read the updates on the MT website. If you want to discuss the updates here you'll have to do it without re-quoting significant portions of what you may have found there.