kaya
Member of DD Central
Posts: 1,150
Likes: 718
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Post by kaya on Oct 10, 2014 19:09:38 GMT
What do others think of a young platform such as this? It takes a step of faith to invest, you have to trust more than just the borrower, and not many have yet taken that step of faith. However, it would be good to see a new player that can offer something different. Can it succeed? What do you think?
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Post by parag on Oct 10, 2014 19:36:29 GMT
For those who missed my last post on another thread which explains our position in relation to this thread, I have pasted a link to it below: p2pindependentforum.com/thread/1408/new-loanExciting new model in the pipeline which I am sure you will all be pleasantly surprised by when we announce it formally in a few months time. In the meantime I am more than happy to answer any direct questions you may have, online or offline. Regards, Parag
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Post by parag on Oct 10, 2014 21:54:20 GMT
Jaydee Thank you, very nice to hear that you have had a good experience with us. I'm more than happy to outline our exhaustive DD process, the people involved in it and how we monitor our live loans. Please drop me a line if you want this (parag@fundingempire.com). Some say we are over cautious. I say you can never be over cautious. Another point to note is that most of the FE team personally invest in all of our loans, mostly 4 figures per loan.
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Post by captainconfident on Oct 11, 2014 8:40:22 GMT
It does not sem possible for potential investors to see the loans currently available before signing up. This is possible on other p2p sites. Are there any / many loans running on the site at the moment?
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jimbo
Posts: 234
Likes: 42
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Post by jimbo on Oct 11, 2014 10:11:33 GMT
I don't think it's possible on FC any longer. Try it...
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,839
Likes: 11,068
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Post by ilmoro on Oct 11, 2014 10:48:56 GMT
It does not sem possible for potential investors to see the loans currently available before signing up. This is possible on other p2p sites. Are there any / many loans running on the site at the moment? No auctions currently. Half a dozen on AM. Probably wait until new system launches before I have a proper look at opportunities.
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Post by mrclondon on Oct 11, 2014 10:52:48 GMT
I don't think it's possible on FC any longer. Try it... www.fundingcircle.com/lend/loan-requests/ works ok for me when not logged in (however, you are partially correct in so far as they have removed the link to this page from the public webpages so potential new lenders will be unaware of it) In any case that approach raises borrower privacy concerns that will put some borrowers off. [ The internet never forgets ! ] However, what would be of benefit is on the public webpages a periodically updating total of £££££ of new loans available for bidding and £££££ of loans on the marketplace.
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Post by parag on Oct 11, 2014 11:53:19 GMT
We were advised when we launched that displaying loan opportunities to non registered lenders would need to be looked at again when the FCA took over regulation of the sector from the OFT. We were advised recently, to be absolutely safe, not to display loan opportunities to non registered lenders. The point mrclondon made about displaying values of lending opportunities available is compliant and a very good suggestion. We will implement this ASAP. Thank you.
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Post by webbski9 on Oct 27, 2014 17:01:25 GMT
Hi guys.# Any new loans being offered soon >?
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Post by parag on Oct 28, 2014 12:53:27 GMT
webbski9 Hi. We have a new loan going live by tomorrow morning. There are also a few others in the pipeline weaning their way through our credit assessment process.
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Post by parag on Oct 28, 2014 12:53:47 GMT
webbski9 Hi. We have a new loan going live by tomorrow morning. There are also a few others in the pipeline weaning their way through our credit assessment process.
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Post by pepperpot on Oct 28, 2014 13:04:42 GMT
Typical, I got board and made a withdrawal about an hour ago.
Glad to see my sense of timing is annoyingly consistent.
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Post by parag on Oct 28, 2014 16:14:39 GMT
pepperpot I'll make sure this is processed today. Hopefully when we launch our new model you won't get bored!
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Post by webbski9 on Oct 29, 2014 20:41:11 GMT
Hi Parag.What happened to the new loan?
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Post by parag on Oct 29, 2014 22:58:49 GMT
webbski9 Hi. We received the final piece of paperwork needed late today. The loan will be listed tomorrow as soon as I can get into the office and sign it off. I would like to say first thing tomorrow but with my wedding looming in a few days time, it might not be first thing. All lenders will also be emailed when it does go live.
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