bob2014
Member of DD Central
Posts: 54 
Likes: 3
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Post by bob2014 on Jan 16, 2017 18:46:58 GMT
Has anyone had any dealings with this company?
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Post by wickedxuk on Jan 16, 2017 19:07:04 GMT
Yes I invested on there for a while. No problems with repayments but loan deals are slow and amortising so reinvesting payments is also slow causing massive cash drag.
No problems with communicating theu responded quickly and to be fair they bent over backwards to help me with a few issues I had with the way they take payments.
A unique reference number is required everytime a new payment had to be made which meant setting up a mew payee on the banking every single time. For me this was a pain as I work away a lot and don't always have access to mobile reception to receive the txt messages to set the payments up. They made an exception and gave me a single reference and I then communicated my transfer over email and they manually invested it for me.
However the lack of ability to quickly reinvest monthly payments meant a lot of cash could be sitting around doing nothing so I sold on the SM all my loans and withdrew Completely.
My only issue was that they only take PG's and very rarely take a debenture on the company so a lot riskier then other platforms for a smaller return (IMHO).
Not for me but I think it has its place and as already said, I can't fault the team behind it on communications.
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Post by dudave on Jan 16, 2017 22:43:00 GMT
Very accurate description by wickedxuk, tried it with a few loans but realised that the potential just isn't there, sold my parts on the secondary market quite quickly though but i withdrew from Crowd2Fund completely.
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bob2014
Member of DD Central
Posts: 54
Likes: 3
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Post by bob2014 on Jan 20, 2017 17:24:56 GMT
2 days and no answer to an email - oh dear!
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Post by dudave on Jan 20, 2017 22:51:06 GMT
Took them 8 days to process my bank wire, that was the first red flag...
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