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Post by bethelender on Nov 22, 2013 17:31:20 GMT
Welcome if you've come in here for a look around. Any reflections/observations/comments on our platform/loans is welcomed.
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Post by mrclondon on Nov 23, 2013 16:00:44 GMT
I'm sorry, but despite the fact that I have funds invested with most P2P/P2B platforms and I'm quite happy to "stick a toe in the water" with new entrants to the marketplace, I will not be signing up as a lender with yourselves.
Given your operation is based on a rebadged version of the platform used by rebuildingsociety.com, it should be of no surprise that I am not a lender there either.
T&C 19.4. Legal responsibility for the collection of the Loan remains with the Lender. We agree that we will facilitate the use of solicitors, but this will always have to be at the risk and expense of the Lender.
Sorry, but that in my view is simply unacceptable. (I suspect in practical terms the result will be no legal follow up to defaults).
In the early days of rebuildingsociety.com the platform was used to facilitate the distribution of adult spam to registered lenders & borrowers. This has now been resolved by the disabling of the on platform private messaging system. You would be wise to confirm that your platform also has this disabled, as rebuildingsociety.com have admitted that these incidents did cause a loss of confidence in the platform.
There is one other minor issue - the platform produces security errors when used on IE8/XP due to mixed http/https content. Reported to rebuildingsociety.com but they claim they can't reproduce the issue.
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Post by bethelender on Nov 25, 2013 10:56:00 GMT
Thanks for your feedback. We're going to look into the things you've raised and we will update this thread with our findings.
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shimself
Member of DD Central
Posts: 2,561 
Likes: 1,170
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Post by shimself on Dec 8, 2013 22:43:53 GMT
And I keep telling thincats to scrap their software (because of its horrible offensively awful usability) and to buy rebuilding society's, which is much nicer. Hey ho.
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Post by bethelender on Jan 21, 2014 14:02:24 GMT
Just a quick update. We're waiting for the final version of our new T&C's from our lawyers. They've promised them this week.
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ejohn
Posts: 32
Likes: 11
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Post by ejohn on Aug 12, 2014 15:07:55 GMT
After being warned about the security of their site by google chrome, I eventually got through to find the statement below on their home page
'Dear All,
Be The Lender has currently suspended trading.'
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kermie
Member of DD Central
Posts: 689
Likes: 462
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Post by kermie on Aug 12, 2014 20:03:37 GMT
After being warned about the security of their site by google chrome, I eventually got through to find the statement below on their home page 'Dear All, Be The Lender has currently suspended trading.' Thanks for the info ejohn. I suspect easteregg will also be interested so that p2pmoney.co.uk is updated to reflect this. I would suggest that it is getting tougher and tougher now to start up a p2p/p2b company - competition for lenders money is now fairly tough. You really need a differentiator in order to stand out.
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Post by easteregg on Aug 13, 2014 18:35:03 GMT
After being warned about the security of their site by google chrome, I eventually got through to find the statement below on their home page 'Dear All, Be The Lender has currently suspended trading.' Thanks for the info ejohn. I suspect easteregg will also be interested so that p2pmoney.co.uk is updated to reflect this. I would suggest that it is getting tougher and tougher now to start up a p2p/p2b company - competition for lenders money is now fairly tough. You really need a differentiator in order to stand out. Many thanks for the heads up. I agree that competition for lenders is getting harder and some of the smaller companies will find it more challenging.
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j
Member of DD Central
Penguins are very misunderstood!
Posts: 2,188
Likes: 540
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Post by j on Aug 13, 2014 19:07:46 GMT
Some companies will very possibly go under or even merge before long
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shimself
Member of DD Central
Posts: 2,561
Likes: 1,170
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Post by shimself on Aug 14, 2014 9:20:02 GMT
Be - is not to be
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Post by batchoy on Aug 14, 2014 9:49:55 GMT
They picked up a CCJ for £7,693 on the 1st August 2014 and there is an entry in my Credit Rating service database dated the 5th August 2014 to the effect "Dissolution First Gazette"
The parent company had an administration order served on them on the 28th March 2014, picked up a CCJ for £2,072 on the 11th April 2014 and went into liquidation on the 11th July 2014.
The holding company that is the parent to the parent picked up an administration order on the 30th July 2014.
Which all looks fairly terminal.
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Post by bracknellboy on Aug 14, 2014 10:35:42 GMT
serves them right for trying to plagiarise our erstwhile colleague's blenders name....
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Post by mrclondon on Oct 19, 2015 17:18:48 GMT
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