angrysaveruk
Member of DD Central
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Posts: 976
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Post by angrysaveruk on Jun 23, 2017 14:25:51 GMT
Part of the reason I exited from Ratesetter was the fact that I simply wasnt sure who I was lending to. If I have a substanital amount lent to a third party financial insitution I wanted to know who it is and how much I have lent. I personally think Ratesetter would be a more attractive platform if they were more transparent. As soon as you start making borrowers identifiable (even if simply pseudo-identifiable, rather than personally identifiable - which would NOT be on...), then you're into cherry-picking and selective lending. And that's simply a completely different site and model. I dont think it is too much to ask to know the nature or type of loan - not the counterparty itself. When I started lending through Ratesetter it was to private individuals. When they started lending large amounts to third party institutions with no way of knowing what proportion you have lent I decided that was it for me.
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adrianc
Member of DD Central
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Post by adrianc on Jun 25, 2017 11:50:34 GMT
As soon as you start making borrowers identifiable (even if simply pseudo-identifiable, rather than personally identifiable - which would NOT be on...), then you're into cherry-picking and selective lending. And that's simply a completely different site and model. I dont think it is too much to ask to know the nature or type of loan - not the counterparty itself. When I started lending through Ratesetter it was to private individuals. When they started lending large amounts to third party institutions with no way of knowing what proportion you have lent I decided that was it for me. OK, so you know. Now what? Do you get to choose?
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angrysaveruk
Member of DD Central
binomial
Posts: 976
Likes: 632
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Post by angrysaveruk on Jun 25, 2017 12:44:48 GMT
I dont think it is too much to ask to know the nature or type of loan - not the counterparty itself. When I started lending through Ratesetter it was to private individuals. When they started lending large amounts to third party institutions with no way of knowing what proportion you have lent I decided that was it for me. OK, so you know. Now what? Do you get to choose? I gt to decide if I am happy with what my money is invested in and if I want to increase or decrease my holding. same with any other composite investment
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Post by marcusponds on Jul 22, 2017 10:18:25 GMT
Maybe now you see my point?
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