Malaya Garnet - Renewal DEFAULT (Partial Recovery Only)

All financial institutions Should be trustworthy, unfortunately there are certain aspects of P2P where that is not the case. I don't expect them to run off with my money, but have little trust in the way they present the level of risk for some loans.

It would be dishonest to say a gemstone could be sold on the open market for its insurance value, but dishonesty by omission to quote an insurance valuation without saying on what basis that valuation was given.There must be higher risk for a 12% product than a 1% product, but the issue as I see it is being (deliberately?) misinformed what the REAL RISK actually is. It's unreasonable to say an LTV is  70% if in reality it is 700%.

P2P need to clean up their act: State a reasonably accurate LTV, even if that is 90% and let lenders decide if they want to invest at the offered interest rate and LTV. Anything else is dishonest.