alibaba
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Post by alibaba on Jun 26, 2018 10:54:26 GMT
The following copied from 4th way site (a little concerning). I am a recent investor in BC.
"BridgeCrowd had a fantastic record up to January 2017 – when its information stops. It has done tens of millions in loans and it has an experienced team that has approved tens of millions more of the same types of loans prior to BridgeCrowd. Up until January 2017, the BridgeCrowd team has said it suffered zero losses on any loans since at least as far back as 2002, although we have no details on loans late or in trouble since then."
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Greenwood2
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Post by Greenwood2 on Jun 26, 2018 11:25:26 GMT
You get monthly updates on any late loans and how recovery is proceeding in messages on your BC account. On the ones I'm involved with very robust action has been taken, unlike many platforms.
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michaelc
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Post by michaelc on Jun 26, 2018 12:50:29 GMT
You get monthly updates on any late loans and how recovery is proceeding in messages on your BC account. On the ones I'm involved with very robust action has been taken, unlike many platforms. I have no reason to doubt them but that doesn't explain why their stats go up to jan 2018. I've sent an email to them and will summarise their reply. Regarding updates, the only loan I have that is late hasn't been updated for 6 weeks (no update on 4/5 of this month). That's fine by me so long as I get something around the start of next month.
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Greenwood2
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Post by Greenwood2 on Jun 26, 2018 13:14:40 GMT
You get monthly updates on any late loans and how recovery is proceeding in messages on your BC account. On the ones I'm involved with very robust action has been taken, unlike many platforms. I have no reason to doubt them but that doesn't explain why their stats go up to jan 2018. I've sent an email to them and will summarise their reply. Regarding updates, the only loan I have that is late hasn't been updated for 6 weeks (no update on 4/5 of this month). That's fine by me so long as I get something around the start of next month. Think you mean Jan 17. I would guess it's an oversight, but would be nice to get it updated. I hadn't looked at that page since I joined!
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michaelc
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Post by michaelc on Jun 26, 2018 13:56:26 GMT
Jan 2017 - quite right.
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michaelc
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Post by michaelc on Jun 26, 2018 17:53:20 GMT
And the answer is (paraphrasing since I don't like copy/pasting private emails verbatim) that a new website will be going live shortly which will have the updated stats but we shouldn't expect much difference between the two sets of stats.
So I think that's good.
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SteveT
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Post by SteveT on Jun 27, 2018 7:40:47 GMT
... remembering that, in P2P industry parlance, "shortly" means rather longer than "imminently" but hopefully not nearly as long as "soon".  |
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michaelc
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Post by michaelc on Jun 27, 2018 14:32:50 GMT
In this case, "shortly" apparently means a few months so you were right SteveT . |
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victors
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Post by victors on Jun 28, 2018 13:07:58 GMT
Judging a platform by it's recovery processes, I think BC is near the top.
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