sd2
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Post by sd2 on Oct 7, 2019 10:26:05 GMT
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benaj
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Post by benaj on Oct 7, 2019 13:17:17 GMT
p2pmarketdata.com/There are so many p2p platforms around the world. FC, Z and RS are in the top 5. Even FC's US operation manages to get in the top 10 spot.
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corto
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one-syllabistic
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Post by corto on Oct 7, 2019 13:41:18 GMT
My guess is the 65 are UK only. I saw a list of around 35 a few years ago.
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p2pfan
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Post by p2pfan on Oct 7, 2019 16:19:35 GMT
It's like in any industry: there's a flood into a nascent sector as start-ups clamour to get a foothold and then due to poor business practices and/or legislation and/or a deteriorating economy, a significant number of the players fold to leave the strongest few companies standing.
The fact that there's a P2P platform for every one million of the UK population is arguably too many.
I've seen some extremely amateurish P2P operations out there. The basis on which they lend out money and their level of due diligence on borrowers is beyond shoddy.
It's highly like that a number of P2P platforms will go bust when we hit a much tougher economic climate in 2020 and as more and more borrowers default on their payments.
Needless to say, we should all make sure we are highly diversified in terms of platforms.
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sd2
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Post by sd2 on Oct 7, 2019 22:20:55 GMT
It's like in any industry: there's a flood into a nascent sector as start-ups clamour to get a foothold and then due to poor business practices and/or legislation and/or a deteriorating economy, a significant number of the players fold to leave the strongest few companies standing. The fact that there's a P2P platform for every one million of the UK population is arguably too many. I've seen some extremely amateurish P2P operations out there. The basis on which they lend out money and their level of due diligence on borrowers is beyond shoddy. It's highly like that a number of P2P platforms will go bust when we hit a much tougher economic climate in 2020 and as more and more borrowers default on their payments. Needless to say, we should all make sure we are highly diversified in terms of platforms. Not sure I agree with "highly diversified in terms of platforms" I am reducing my diversification from 6 to 4 and only one will have a large (for me) amount of money in (ratesetter) The more you diversify the more likely you are to get a bad one. I am leaving my ratesetter to run down specially as I have a large amount in rolling market at 7.1%. I may also raise my unbolted investment if/when they sort out the ****** who is suing them. As you say tougher economic conditions ahead so I will wait for the normal overreaction on the stock market and put some in there.
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Post by MrHappyGoLucky on Oct 10, 2019 9:02:50 GMT
I think at one point China has nearly 3500 P2P platforms, but about 2000 of them have been closed down.
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