agent69
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Post by agent69 on Feb 23, 2014 10:16:47 GMT
Anyone got any views on this one?
Borrowers appear to have an interesting track record.
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Post by lynnanthony on Feb 23, 2014 11:03:04 GMT
Loan has been pulled.
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agent69
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Post by agent69 on Feb 23, 2014 11:40:44 GMT
Strange. It was there this morning but now it's gone. I guess the last entry in the Q & A did for them. Doesn't reflect well on TC or the sponsors
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Post by bracknellboy on Feb 23, 2014 13:22:30 GMT
MONEY: agree with all of that.
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agent69
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Post by agent69 on Feb 23, 2014 14:22:25 GMT
Doesn't reflect well on TC or the sponsors On the contrary where TC are concerned - TC pulled the loan as soon as they were made aware of the bad publicity, which was the correct thing to do. Can't agree. If 2 lenders at TC can uncover the dirt within 2 days of the loan appearing, why couldn't TC themselves? I assume they carry out some DD of their own on a £1m loan? Reminds me of a guy a few years back that faked his own death so his wife could collect the insurance. All you had to do was enter his name in Google and up came a photo of him with his wife and friends posing somewhere (from memory) in central America about 6 months after he supposedly died.
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Post by bracknellboy on Feb 23, 2014 16:51:50 GMT
I think TC will do some level of checking before listing, but my expectation is that is no more than the proposal fits their criteria. I don't have a problem with that since the model I'm expecting on the platform is one where the sponsor is the preparer of the loan proposal. TC may of course have an expectation as to what a sponsor should do to ensure 'fit for listing', but that is a different kettle of fish.
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gnasher
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Post by gnasher on Feb 24, 2014 6:27:22 GMT
The way I understand the TC model they do not do any DD and I do not expect them too. TC is not a stand-alone organisation, you need TC plus Sponsors to make it work. I do not expect to see any duplication of effort, especially as TC is such a thin organisation.
I agree with the postings above, this was entirely down to a failure by the Sponsor.
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oldgrumpy
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Post by oldgrumpy on Feb 24, 2014 14:57:51 GMT
With protection of "unwelcome borrowers'" names being more important than preventing lenders risking their money, I do hope you nice chaps will alert us to this apparent dodgy customer if he reappears on any other platforms on money grabbing escapades.
Signed
OG
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agent69
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Post by agent69 on Feb 24, 2014 18:55:21 GMT
With protection of "unwelcome borrowers'" names being more important than preventing lenders risking their money, I do hope you nice chaps will alert us to this apparent dodgy customer if he reappears on any other platforms on money grabbing escapades. Signed OG
Should be easy to spot. It will be the loan that in part is for a new supply of baseball bats.
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shimself
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Post by shimself on Feb 24, 2014 23:16:22 GMT
With protection of "unwelcome borrowers'" names being more important than preventing lenders risking their money, I do hope you nice chaps will alert us to this apparent dodgy customer if he reappears on any other platforms on money grabbing escapades. Signed OG
There's threads on both forums on TC. You can join for free and access the bowdlerised forum, which will answer your question.
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pikestaff
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Post by pikestaff on Feb 24, 2014 23:52:00 GMT
Nothing on the bowdlerised forum that I can see.
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Post by tybalt on Feb 25, 2014 10:10:34 GMT
From the closed forum - note fair comment as only refers to press articles. <removed>
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oldgrumpy
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Post by oldgrumpy on Feb 25, 2014 10:17:11 GMT
Thank you. Saved, in case it disappears.
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Post by Admin on Feb 25, 2014 18:12:46 GMT
Please see the warning here.
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