H & Co

Can't say I ever saw LC as the thinking investors P2P. The only thinking I did about LC is that £100 cashback seemed worth it at the time  which it perhaps was technically, but the ride wasn't exactly pleasant.

Putting the platform to one side for the moment, I think it's a fair and balanced thing to say don't ever consider investing in solicitors! Ok, not so balanced, but I think many people have been burned with them as they have an uncanny knack of worming their way out of repaying their loans with great skill despite not have quite enough skill to just run their business properly. 

The questions you raise about the loan are valid and the same as I'd raise.

Re: big hitters, these are very unlikely to be random people with deep pockets and much more likely to be funding from a quasi-related entity or entities as they've bid big in every loan, often taking the vast majority of it. This is why they don't bid significantly higher, as any sensible person would.

In short, the platform is awful, the loan is too, and that's why LC is now largely a graveyard on the forum.

I did think that LC was an interesting model to participate in, and it seems to have started well, but it didn't take long for problems to show up.

I didn't qualify for an original cashback, and when they refused to honour the more recent one to help mitigate mounting losses I decided I'd had enough and took the opportunity to leave the platform.  Given defaults are currently running at 4 times original estimates, (and now approaching 6%!) that was probably my best thought overall.

On past and current performance I don't think it will be too long before the platform itself is in the P2P graveyard!