Huge difference between borrower and lender rates

But you will have other loans that are the opposite, your getting more interest than the rate the borrower is paying

What I find annoying, and partly why I am now in withdrawl mode, is that RS are making us feel guilty (well trying at least) for wanting something like 6% for medium term unsecured borrowing, when they could be making a much higher rate
What i cannot decide is if they are making sensible lending decisions, and if they are maybe competing to win low rate business because everyone else is because it suits them to try to write lots of volume, when it may be more sensible to let the others fight for these loans and avoid them. Its easy to lend out someone elses money at a silly low rate when you stand no direct risk yourself I guess.

Then are they competent in what its costing to run the business, or are they incompetent and there should be enough margin on average.

I find the whole the rates are too high for the good borrowers story they try to spin a bit out when you see things like 26% loans.
If RS gave us some idea on the amounts being lent at what rates it would be easier to see if these are outliers or what

Well, I've decided to cash in and withdrew all I can. My reasoning is that for lenders, risks are a function of platform risk x borrower risk. You expect a certain number of defaults from borrowers, but any decline in the number of borrowers or lenders on a platform can severely disrupt cash-flow to the platform. For e.g., it seems that declining business forced Moneything's hand. I think heading into a recession, it's not just the quality of borrowers you need to be concerned about, it's also volume of both borrowers and lenders. 

With interest rates are record lows  (and risks, if anything going up) I think the price of risk has been completely misplaced, and sub 15% rates are no where near enough to cover that risk. Hence my decision (having been burned by Lendy and had a near miss with Moneything) it to withdraw totally from P2P

15% rarely achievable on RBS, and projecting that forward is inadvisable given comments on the RBS board. I will wait and see before committing a wedge over there.

Caveat. Not a lender there because of potential default and recovery issues. RS maybe irritating but they have always delivered the rate I invested at. Emphatically not the case at ZOPA FC FS(!)

Sorry about that, I thought I was responding to a thread that was under general.

In the same way that you take your 'Mod hat' on and off, maybe I could be allowed to take my 'platform rep hat' on and off?  I didn't reference any platform in my post and I have an account with RS. 

I think the issue for reps on this and other similar platforms is that anything said under the rep ID should be viewed initially without prejudice whilst also being mindful that any comments made could have a hidden reasoning. It's a little like watching MP's being interviewed on tv or on the radio. One should always view/listen carefully being mindful of where the brief is being used to good effect to ignore the question and to answer what the party needs are.

One good way on here of sniffing out the commenters background is assume nothing is of real use until one can see where their allegiances may lie. In the case in question here there have been couple of people who have suddenly come out of the woodwork and have basically sprayed their views in a number of places. For me that has made it somewhat easy to read their game as being not necessarily in my favour as an investor in P2P. As result I will probably treat them as one to be very mindful of what their motives are. 

But, and there is a big but here I feel, I have been around the block of p2p since the early days so its much easier for me to read the people who are useful, and take notice of, more than those that are not really that useful and probably will not move me forward personally. I have nothing against them in fact just the opposite in that at least I can can spot them coming from a mile off. Sadly there are a lot of people watching and taking notice than there are contributing and the last thing I personally would like is for them to be given a bum steer just because they do not as yet know how to follow things across all the threads.

For those reading this who you not sure about a given contributor's motives then simply click their name and read some of their contributions over the last few weeks and see where they both hang out and also see what they are doing in other contributions. It's easy to see that danraj is affiliated by their identity as being a rep. The ones to watch out for are those that are not necessarily easy to see as I've noticed some people are also investors on platforms too. That said I've not experienced anyone who are a platform investor who is promoting the platform they invest in but hey not everyone nails their true colours to the mast either.

Anyway thanks have to go again to the ever vigilant mods on here, even when they curtail me too where in the cases I have been moderated its been relevant and accepted gracefully.

Interesting thought!.

I thought it was odd he contacted me by PM recommending his site, I did take a look  but it wasn't something I would want to get involved in..