blender
Member of DD Central
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Post by blender on Mar 6, 2018 12:41:13 GMT
Surely a P2P platform's allowed one default? Sure, but a total loss (which I am anticipating) just because the platform did not properly secure the asset does not make it the best. No, I bought some container, but left them resting on the SM at 3%. I do not think you will have a total loss. Maybe in a year's time you will have your container cash and my favourite borrower will have done a whoopsie. But for now, I am biased in favour of a platform which gives me consistently good results and seems to have a good eye on the future.
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hantsowl
Member of DD Central
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Post by hantsowl on Mar 6, 2018 12:54:06 GMT
Ablrate certainly rates top in my book (although Collateral was up there a week ago ), but i do admit that i was never invested in the container loan.
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Post by Duane Dibley on Mar 7, 2018 13:20:57 GMT
Ablrate certainly rates top in my book (although Collateral was up there a week ago ), but i do admit that i was never invested in the container loan. Whether you are in a loan or not is immaterial, it's important to consider a platform's overall behaviour not just what affects you personally, though I can understand how that can skew an investor's sentiment. For the record I was in the container loan, and Ablrate's actions in it before default certainly left a lot to be desired, though to be fair their action since default has been much improved and among the most decisive I've seen from a platform, so I presume that is one of the reasons why they were voted most improved platform. If there's one aspect of P2P lending that all platforms should concentrate on improving it's their debt recovery, I'm only surprised there wasn't a separate category for default action and debt recovery, an aspect of P2P that many investors ignore until it affects them personally. Maybe next year. WAWAW.
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