kaya
Member of DD Central
Posts: 1,150 
Likes: 718
|
Post by kaya on Apr 5, 2017 13:56:03 GMT
Do you remember that p2p company, in the hazy mists of time, once so-called? Lots of property loans, every one paying 12%, liquid secondary market...and everyone loved them sooo much!
Now we are seeing it starting to blossom all again, but under a different name - and it aint Lendy! So can it really last, or will the honeymoon period inevitably fade into the reality of inevitable acrimonious defaults and falling rates?
|
|
n
Member of DD Central
Yet another Nick
Posts: 879
Likes: 461
|
Post by n on Apr 5, 2017 14:00:58 GMT
Do you remember that p2p company, in the hazy mists of time, once so-called? Lots of property loans, every one paying 12%, liquid secondary market...and everyone loved them sooo much! Now we are seeing it starting to blossom all again, but under a different name - and it aint Lendy! So can it really last, or will the honeymoon period inevitably fade into the reality of inevitable acrimonious defaults and falling rates? Looks like it is all part of life's rich pageant. If Col go the same route (heaven forbid) there could be a place for another keen young startup (I hope) in about 3 years from now.
|
|
ben
Posts: 2,020
Likes: 589
|
Post by ben on Apr 5, 2017 14:06:56 GMT
Unfortuntly I do not think collateral understand what they are taking on, but that being said neither do most investors.
Without a change in the base rate, then as more and more sites open there is only one way the risk/rate ratio will go.
|
|
elliotn
Member of DD Central
Posts: 3,063
Likes: 2,681
|
Post by elliotn on Apr 5, 2017 14:20:43 GMT
I think the buy back agreements with trade buyers agreeing to buy at the loan price differentiates them from SS for pawn items. The switch to property does take them into more SS territory so we will have to see how their recovery agents perform if called upon. They have at least started piecemeal with manageable residential refurbs and bridging rather than SS's comparatively more gung-ho launch into farms, care homes, gravel pits and anything else that introducers would give them for 20+%. Also, whilst SS used to be communicative and also had a forum vist, I find Collateral Rep 's responses conscientious and with a more sincere and professional approach. These nuances I hope will see growth develop without becoming an uncontrollable monster but as we've seen hints of with MT, it becomes harder to scale to greater demand whilst mico-managing communications on the forum. |
|
