copacetic
Member of DD Central
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Likes: 666
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Post by copacetic on Nov 1, 2017 18:21:24 GMT
Excellent update from MT setting out fair and informative policies unlike the lender 'mushroom' policy that occurs on certain other platforms.
With regard to the disclosure of arrears IMO a fixed time limit of up to say 2 weeks after a payment is due would be reasonable but as long as they publish what the time period is I'd be happy.
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Post by rollercoaster on Nov 1, 2017 20:27:10 GMT
I'm interested on the affect this will have on bpf. This has been a major route to market for them. So will they pop up on another platform? What does this mean for the risk profile for existing loans and the guarantee? What about Putney? Will they act as an agent/ introducer in future?
The initial capital risk from bpf was one of the things that made MT attractive to me.
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Post by lendinglawyer on Nov 1, 2017 22:57:46 GMT
The update was indeed very welcome, informative and rational as many have mentioned. That said, before getting too carried away we should remember that actions speak louder than words - I look forward to seeing the implementation of the various initiatives described in the update going forward, and would invite MT to post a similar update at the end of the month stating what progress has been made etc.
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greeb
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Post by greeb on Nov 2, 2017 7:48:23 GMT
Fine words and mt is my largest p2p platform. A comforting read but Fine action now needed on my 3 default loans...
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niceguy37
Member of DD Central
Posts: 504
Likes: 254
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Post by niceguy37 on Nov 2, 2017 14:21:56 GMT
Great update, MT. Very well done!
I just wish there was more progress on the IFISA.
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