greatmarko
Member of DD Central
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Post by greatmarko on Feb 1, 2017 11:58:24 GMT
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Post by d_saver on Feb 1, 2017 12:05:00 GMT
I would not have said so. Same issue affecting all the decent platforms\loans. Too much money chasing any form of return in this climate.
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Post by marcusponds on Feb 1, 2017 13:56:13 GMT
how old is this article - I know it's dated today but the figures quoted for number of lenders, and for money lent are both pretty old.
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oldgrumpy
Member of DD Central
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Post by oldgrumpy on Feb 1, 2017 14:06:13 GMT
Maybe SophieThing will tell us when she was interviewed.  |
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Post by SophieThing on Feb 2, 2017 8:32:21 GMT
Maybe SophieThing will tell us when she was interviewed. Hi Oldgrumpy, I did have a chat with the journalist at the start of December. More of a general introduction to MoneyThing and how platforms always have to balance the lenders/borrower demand. Didn't expect this headline 2 months later, but apart from being a little out of date it is accurate. Our biggest problem has always been finding enough quality loans to satisfy lender demand. I'm writing a newsletter due for release shortly which will say a little more about our plans and recent changes, as well as a (slightly late) 2016 review. Kind regards Sophie
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stevio
Member of DD Central
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Post by stevio on Feb 2, 2017 10:11:41 GMT
Maybe SophieThing will tell us when she was interviewed. Hi Oldgrumpy, I did have a chat with the journalist at the start of December. More of a general introduction to MoneyThing and how platforms always have to balance the lenders/borrower demand. Didn't expect this headline 2 months later, but apart from being a little out of date it is accurate. Our biggest problem has always been finding enough quality loans to satisfy lender demand. I'm writing a newsletter due for release shortly which will say a little more about our plans and recent changes, as well as a (slightly late) 2016 review. Kind regards Sophie Hi Sophie I never received an answer to this question p2pindependentforum.com/post/165566/threadwhich is also pertinent here when discussing new borrowers
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Post by SophieThing on Feb 2, 2017 10:40:34 GMT
replied on other post
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GeorgeT
Member of DD Central
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Post by GeorgeT on Feb 2, 2017 10:56:28 GMT
The sector has become overloaded because more and more people piled in to try and make some quick money. So now we have loads of peer-to-peer platforms but only the same number of people needing finance so it stands to reason that you'll end up with a shortage of Borrowers and platforms fighting over them and this whole process has the effect of driving interest rates down down Deeper and Down in memory of Rick Parfitt.
Over the duration. The ethical ,compliant with the rules platforms Will Survive and the cowboy platforms will go to the wall. The platforms that only offer quality business with lenders at the more reputable end of the scale Will Survive and I am quite happy that money thing continues to be very selective with its due diligence with whom it will lend out money to and the slow growth is acceptable to me I now have a small bit more in moneything than any other platform but I am the first to admit I am overloaded with Manchester, Birkenhead and football but as things develop such as Wandsworth I am able to diversify across a biggest spread and I have tix for the renewal box on all of the AE loans and the pipeline excited me yesterday with more new action to come next week on new proposals skillfully won by the excellent Ed although we are still waiting to know what the interest rates being offered to us will be
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Post by marcusponds on Feb 3, 2017 10:31:02 GMT
The sector has become overloaded because more and more people piled in to try and make some quick money. So now we have loads of peer-to-peer platforms but only the same number of people needing finance so it stands to reason that you'll end up with a shortage of Borrowers and platforms fighting over them and this whole process has the effect of driving interest rates down down Deeper and Down in memory of Rick Parfitt. Over the duration. The ethical ,compliant with the rules platforms Will Survive and the cowboy platforms will go to the wall. The platforms that only offer quality business with lenders at the more reputable end of the scale Will Survive and I am quite happy that money thing continues to be very selective with its due diligence with whom it will lend out money to and the slow growth is acceptable to me I now have a small bit more in moneything than any other platform but I am the first to admit I am overloaded with Manchester, Birkenhead and football but as things develop such as Wandsworth I am able to diversify across a biggest spread and I have tix for the renewal box on all of the AE loans and the pipeline excited me yesterday with more new action to come next week on new proposals skillfully won by the excellent Ed although we are still waiting to know what the interest rates being offered to us will be I didn't know they charged for Full Stops on this forum!
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