rs
Member of DD Central
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Post by rs on Jun 1, 2017 12:12:42 GMT
tranche B & C sold out quickly.
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bababill
Member of DD Central
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Post by bababill on Jun 1, 2017 22:55:11 GMT
Yes the trances did sell quickly even considering the borrowers dubious history with PBL040 (Lendy). I am a fan of Proplend but just not this loan.
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oldgrumpy
Member of DD Central
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Post by oldgrumpy on Jun 1, 2017 23:01:39 GMT
Looks like most people have no idea, and Proplend aren't bothered as long as they get their fees.
DD rules, but some people don't say OK.
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Post by proplend on Jun 2, 2017 9:40:56 GMT
Yes the trances did sell quickly even considering the borrowers dubious history with PBL040 (Lendy). I am a fan of Proplend but just not this loan. Hi Bababill Peer to peer lending is all about personal preference and as you can hopefully tell, we pride ourselves on providing full disclosure of our due diligence to Lenders to help them make informed decision. Great to hear you’re a fan. Richard
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Post by proplend on Jun 2, 2017 9:42:56 GMT
Looks like most people have no idea, and Proplend aren't bothered as long as they get their fees. DD rules, but some people don't say OK. Hi Old Grumpy We align our fees and interests to our Lenders' - we only get paid when our Lenders do. It’s not in our interests to put a loan on the platform that will default and we’re proud to say we never have! As always we conducted comprehensive DD for this loan request and are fully aware of the history and situation regarding the other loan / platform. As always we fully disclosed this within our loan request document. Richard
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rs
Member of DD Central
Posts: 467
Likes: 254
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Post by rs on Jun 2, 2017 20:35:43 GMT
Looks like most people have no idea, and Proplend aren't bothered as long as they get their fees. DD rules, but some people don't say OK. Hi Old Grumpy We align our fees and interests to our Lenders' - we only get paid when our Lenders do. It’s not in our interests to put a loan on the platform that will default and we’re proud to say we never have! As always we conducted comprehensive DD for this loan request and are fully aware of the history and situation regarding the other loan / platform. As always we fully disclosed this within our loan request document. Richard where exactly is it disclosed in loan request documents?
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Post by proplend on Jun 5, 2017 11:59:10 GMT
Hi Old Grumpy We align our fees and interests to our Lenders' - we only get paid when our Lenders do. It’s not in our interests to put a loan on the platform that will default and we’re proud to say we never have! As always we conducted comprehensive DD for this loan request and are fully aware of the history and situation regarding the other loan / platform. As always we fully disclosed this within our loan request document. Richard where exactly is it disclosed in loan request documents? Page 3(&4), Paragraph 3&4 to be very exact RS. This is readily available before the point of investment to all registered platform Lenders. Richard
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littleoldlady
Member of DD Central
Running down all platforms due to age
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Post by littleoldlady on Dec 22, 2018 8:59:22 GMT
We align our fees and interests to our Lenders' - we only get paid when our Lenders do. It’s not in our interests to put a loan on the platform that will default and we’re proud to say we never have!
Richard Is this still true proplend ? Even for tranche C loans?. If so I suggest you splash it across your home page.
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Post by proplend on Jan 2, 2019 16:10:00 GMT
We align our fees and interests to our Lenders' - we only get paid when our Lenders do. It’s not in our interests to put a loan on the platform that will default and we’re proud to say we never have!
Richard Is this still true proplend ? Even for tranche C loans?. If so I suggest you splash it across your home page. Still no investor losses in any Tranche littleoldlady - but still worth remembering that our Tranches are risk-adjusted, with C being last in line to be repaid. Richard
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