|
Post by Ton ⓉⓞⓃ on Feb 27, 2024 14:16:13 GMT
|
|
|
Post by Ton ⓉⓞⓃ on Feb 27, 2024 14:13:38 GMT
|
|
|
Post by Ton ⓉⓞⓃ on Feb 27, 2024 14:07:28 GMT
|
|
|
Post by Ton ⓉⓞⓃ on Feb 27, 2024 14:01:36 GMT
|
|
|
Post by Ton ⓉⓞⓃ on Feb 27, 2024 13:33:18 GMT
I've moved the above posts to here from several different "closed" platforms' boards as they were all on the same topic, amalgamating it all into one thread may be the best way to go
|
|
|
Post by Ton ⓉⓞⓃ on Feb 27, 2024 13:28:05 GMT
|
|
|
Post by Ton ⓉⓞⓃ on Feb 27, 2024 13:24:42 GMT
|
|
|
Post by Ton ⓉⓞⓃ on Feb 22, 2024 13:56:30 GMT
Please observe the forum rules, if you want share links to articles about this loan/borrower please use DDC
I will unlock the thread when I've finished redacting
|
|
|
Post by Ton ⓉⓞⓃ on Feb 19, 2024 10:57:29 GMT
|
|
|
Post by Ton ⓉⓞⓃ on Feb 17, 2024 13:15:51 GMT
For clarification
Regular Users don't get banned or "removed" on a Mod or Admin's whim. Such decisions have always been made collectively. The last time someone was banned, (from memory) would be several years ago, and that was probably a temporary one or two week ban. When this has happened it's always been a group decision
The only forum users who are deleted are spammers. Typically, the forum host (PB or Proboards) handles the removal of these users. While I personally haven’t performed such deletions, it remains an option for Mods and Admin.
|
|
|
Post by Ton ⓉⓞⓃ on Feb 6, 2024 19:53:57 GMT
Following on from the Electric Auditing post.... Dehumidifiers: thinking of getting one to put in the 'laundry room'. Have been successful in managing to persuade the other half to not use the tumble dryer, but that is giving challenges in terms of getting washing dry/sense of damp in the room currently labelled "the laundry room" (CH not on sufficiently long to solve the problem). <snip> Did you get one in the end? I've always used them, I think there's great
|
|
|
Post by Ton ⓉⓞⓃ on Jan 31, 2024 19:50:03 GMT
gives me a blank page. Subpages normal. Or blocking me based on geolocation?
I'm in London, I get the same as you
(There's no longer a board for Folk2folk
Attachments:
|
|
|
Post by Ton ⓉⓞⓃ on Dec 31, 2023 16:12:52 GMT
When I tried to sign into SoMo a few days ago, a screen came up that looked like the Appropriateness Test screen but, none of the options seemed to apply to me. I half checked out the business Angels option, there was a box where you inputted the name of the Angels you belong to. I'm not a member of any Angels so it doesn't apply. Something like this might be how it works with HNW-ers I ended up clicking the option, "None of these Options Apply to me" it also implied that I would have to leave the site. So I thought I might be leaving p2p altogether, but the next screen (which I've pasted a few posts above) said that I had already gone through the Appropriateness test with SoMo and I just had to sign the form at the bottom. And where it said SoMo this was a box where "Social Money Ltd" had been typed in. So perhaps if I'd been a Biz Angel their name would've been in that box When I originally went through the New Appropriateness Test questions they tended to circle around the basic idea that I would not be covered by FCA, FOS, FSCS. This is true as most (if not all?) are unregulated mortgages/bridging loans to biz not individuals on SoMo. Please correct me here, I might be wrong The appropriate test I went through was about a month ago or more, so this is as best as I can remember I wonder if the 12 months is significant, in that they can authorise for another 12 months currently, but maybe not be able to after the rule changes coming in. Hence getting people to resign up now. For a few years now it's been annual I'm sure that will continue. I don't think there's any grandfathering
My understanding is that the platforms now have to satisfy themselves that p2p lending etc is appropriate for us, whereas previously they had to check that we'd said it was appropriate - pretty much. This is based on some of the commentary I've seen about this change - so just one opinion
I guess you're referring to this (the bold bits) in my post:-
My written cert wouldn't been within the last two months or so
On read that quote, I think they can authorise for me to lend with them for as long as is appropriate i.e. many years - may be I can just sign the form again for 2years after that I have to go through the Appropriateness Test again perhaps on the 4th(?) anniversary
When I click around on these FCA link below, there's no mention of these time limits, each firm has to work out how to comply
The links on the left delve deeper but not into the new rules themselves, I'll leave that for wiser forum members than I
|
|
|
Post by Ton ⓉⓞⓃ on Dec 31, 2023 14:47:16 GMT
There's a thread on the main p2x board that may be of interest as it does mention SoMo and the Appropriateness Test which is being updated for all platforms
|
|
|
Post by Ton ⓉⓞⓃ on Dec 31, 2023 14:42:44 GMT
There was a consultation which I believe comes into effect Jan/Feb 2024(?) the main upshot being that there will be no "easy" self-cert option any more The easy or simply self-cert option being something on the lines of, "I have invested in two or more unlisted business in the last two years" or similar Does this mean we will have to provide proof of earnings/wealth to every P2P company in order to invest ? Just one more source of personal data to be leaked or targeted by criminals. Looks like my P2P portfolio might be reducing rather than increasing next year.
We should be grateful to the government / FCA for trying to protect the hapless, witless or financially inept before they invest anything in P2P as beyond that point they are frigging clueless and impotent regarding protecting anybody. When I tried to sign into SoMo a few days ago, a screen came up that looked like the Appropriateness Test screen but, none of the options seemed to apply to me. I half checked out the business Angels option, there was a box where you inputted the name of the Angels you belong to. I'm not a member of any Angels so it doesn't apply. Something like this might be how it works with HNW-ers I ended up clicking the option, "None of these Options Apply to me" it also implied that I would have to leave the site. So I thought I might be leaving p2p altogether, but the next screen (which I've pasted a few posts above) said that I had already gone through the Appropriateness test with SoMo and I just had to sign the form at the bottom. And where it said SoMo this was a box where "Social Money Ltd" had been typed in. So perhaps if I'd been a Biz Angel their name would've been in that box When I originally went through the New Appropriateness Test questions they tended to circle around the basic idea that I would not be covered by FCA, FOS, FSCS. This is true as most (if not all?) are unregulated mortgages/bridging loans to biz not individuals on SoMo. Please correct me here, I might be wrong The appropriate test I went through was about a month ago or more, so this is as best as I can remember
|
|