ashtondav
Member of DD Central
Posts: 1,805
Likes: 1,087
|
Post by ashtondav on Jun 2, 2019 9:05:58 GMT
Next to go down...
|
|
macq
Member of DD Central
Posts: 1,924
Likes: 1,192
|
Post by macq on Jun 2, 2019 9:22:57 GMT
scared to pick One in case i jinx myself but i would assume the biggest risk to the mortgage or personal loan type platforms would be backers pulling out/not making a profit quick enough.There is really nothing special to my eye about what they are doing that other lenders were not already doing so there should be decades of market data,trends,actuaries figures etc to fall back on.And that is why the banks etc have some idea of the true rate of return with defaults and how much profit they could make at the lower end of return.But Joe public comes in at the start of P2P and see's only the headline rate and ignores the warning that it may be lower so that is a problem But at the end of the day are the likes of Landbay who said a few months back that at any One time they have only 15 - 20% public money or the likes of LW with institutional money not turning into the sort of companies they were meant to replace?
|
|
Greenwood2
Member of DD Central
Posts: 4,243
Likes: 2,686
|
Post by Greenwood2 on Jun 2, 2019 9:50:55 GMT
Why so few on the list? Edit: Having just read the Telegraph it reports that more than a dozen will fail, so definitely need more on the list of candidates.
|
|
macq
Member of DD Central
Posts: 1,924
Likes: 1,192
|
Post by macq on Jun 2, 2019 12:47:07 GMT
Why so few on the list? Edit: Having just read the Telegraph it reports that more than a dozen will fail, so definitely need more on the list of candidates. but in a reverse poll where would the Telegraph sit in newspapers expected to survive the digital age?
|
|
registerme
Member of DD Central
Posts: 6,192
Likes: 6,000
|
Post by registerme on Jun 2, 2019 14:59:01 GMT
Why so few on the list? Edit: Having just read the Telegraph it reports that more than a dozen will fail, so definitely need more on the list of candidates. but in a reverse poll where would the Telegraph sit in newspapers expected to survive the digital age? I laughed . Probably alongside "where the Conservative party would expect to sit in UK politics".
|
|
Greenwood2
Member of DD Central
Posts: 4,243
Likes: 2,686
|
Post by Greenwood2 on Jun 2, 2019 15:30:33 GMT
Why do lenders think ratesetters might fail? I would have thought even in the worst case scenario of the pf running out of money they would just end up more like Zopa with lenders having to take the defaults (though collectively rather than individually).
|
|
|
Post by samford71 on Jun 2, 2019 16:44:27 GMT
It's frustrating but this forum was developing a highly accurate early warning indicator for the risk of failure ... the P2P independent forum awards for best platform. link.
It saw Lendy's failure coming (won in 15, runner up 16). It predicted Collateral (notable mention 16, runner up 17). Now, to be fair, Moneything (winner 16,17) and Assetz (runner up 16,17) have yet to fail but no signal is perfect and there is still time for both to crash and burn.
Unfortunately, this highly effective barometer of potential disaster was seemingly discontinued in 2018. Why? It was doing so well. We all need to vote now for our favourite platform. Abl seems popular ...
|
|
|
Post by citadel on Jun 2, 2019 16:55:02 GMT
Interesting analysis samford , any indication on the Assetz capital ?, after Lendy going bust i am with drawing my money from the the 30 day account .
|
|
|
Post by davee39 on Jun 2, 2019 17:18:40 GMT
Few of the platforms will continue their current business model long term.
Zopa has been around the longest and is insufficiently profitable. Once the banking side starts I expect P2P to wind down. Returns are far too low for 5 yr 'at risk' funds.
RS provision fund is inadequate and will be tested. If it fails new investment will dry up.
Assetz will abandon individual selection of loans and concentrate on pooled funds like QAA. Lender votes will end. Scaling up makes lender loan involvement impractical long term.
FC will move to high net worth and institutional lenders. Minimum loan part value will be increased and loan trading might end.
Tighter regulation will see a thinning out among the high risk rabble.
|
|
|
Post by gravitykillz on Jun 2, 2019 17:44:09 GMT
The main thing about p2p is they should be profitable and independently audited with a healthy provision fund. That's what I am looking for in p2p.
|
|
Greenwood2
Member of DD Central
Posts: 4,243
Likes: 2,686
|
Post by Greenwood2 on Jun 3, 2019 5:33:06 GMT
The main thing about p2p is they should be profitable and independently audited with a healthy provision fund. That's what I am looking for in p2p. Good luck with that, I think it rules out all of them. To add to the list a good rate of interest, a healthy deal flow, a fluid SM, good communication, accountable valuations, a solid wind-down plan..... I think it's a bank!
|
|
aju
Member of DD Central
Posts: 3,484
Likes: 917
|
Post by aju on Jun 3, 2019 7:26:00 GMT
It's frustrating but this forum was developing a highly accurate early warning indicator for the risk of failure ... the P2P independent forum awards for best platform. link.
It saw Lendy's failure coming (won in 15, runner up 16). It predicted Collateral (notable mention 16, runner up 17). Now, to be fair, Moneything (winner 16,17) and Assetz (runner up 16,17) have yet to fail but no signal is perfect and there is still time for both to crash and burn.
Unfortunately, this highly effective barometer of potential disaster was seemingly discontinued in 2018. Why? It was doing so well. We all need to vote now for our favourite platform. Abl seems popular ...
The person who sorted this does not seem to have been on these forums since may 2018 so perhaps they have moved on or worse something happened to them!
|
|
p2pmark
Member of DD Central
Posts: 217
Likes: 186
|
Post by p2pmark on Jun 3, 2019 8:08:50 GMT
Funding Secure's accounts indicate they are in a better position than most seem to think (although admittedly, this does date back to 2018). Interesting to see the provision for unrecoverable fees on borrowers' loans (note 7).
|
|
aju
Member of DD Central
Posts: 3,484
Likes: 917
|
Post by aju on Jun 3, 2019 8:23:47 GMT
Funding Secure's accounts indicate they are in a better position than most seem to think (although admittedly, this does date back to 2018). Interesting to see the provision for unrecoverable fees on borrowers' loans (note 7). Link not working for me!
|
|
p2pmark
Member of DD Central
Posts: 217
Likes: 186
|
Post by p2pmark on Jun 3, 2019 8:26:13 GMT
|
|