Customer Satisfaction Survey by FC

Yes just done it.  I like the in email format of it - more likely to attract responses than the standard "click here to start" surveys.

Probably prompted by the fact that loans are currently slow to fill  (and rates on a number of loans are the highest they have been for many months). 

It could be that whilst P2P/P2B is able to attract new lenders on an ongoing basis, most will initially be committing relatively small amounts of money, and within the comfort blanket of zopa/ratesetter provision funds. Many of us that started with P2P several years ago have graduated beyond the £10/£20 unsecured loans, and are now happy to put (much) larger chunks into secured loans.  Interestingly Funding Secure (the P2P pawnbroker) may be the way the typical zopa/ratesetter lender gets introduced to the concept of secured lending and the comfort of larger contributions. And here I think Assetz have been clever by allowing £20 contributions to fund million pound plus loans as todays small lender may well be tomorrows' underwriter.

Sometimes inhabiting these forums we are apt to forget that throwing 4 or even 5 figure sums around as we tend to do on a routine basis is the preserve of a very small minority of the UK population. Given the number of very large loans on TC/Assetz recently its perhaps not that surprising that available funds are becoming stretched.

In FC's case there is probably another effect at play - the flippers may be realising that the game is simply not worth the effort with the increased number of loans FC are now pushing through.

jimbo ..... I also lost all my 10.6% well after closing time The system was manic in the last few minutes - brilliant really.

I did the survey. Basically gave them 7/10s for their "rating".
Told them we must have an underwriter's summary report of how they come to their conclusions on risk band especially when it seems to contradict credit records and financial figures shown. Assetz give us one. That might prevent some of the direct Q & A texts being written, answered then moderated (deleted) so often.

edit:
Yes, there are a lot of big loans listed all of a sudden and following this week's performance I wonder how many will still not be fully funded 24 hours before the end of the auctions next week. I can't really understand why FC are even contemplating D risk band loans* of £150,000 with no asset security.


* I don't accept this nonsense of C- .... if it isn't a C it is a D .... potentially Dodgy!!! (having said that there have been a few where I wondered why they were so low as C-)

Well, though with no evidence I will voice my suspicion on what might be behind the slow filling of the loans lately - it might be a temporary trend which could serve well in favour of a new big investor (or investors) who will be flipping appealing loan slices at juicy premiums for months after the bananza is over. Nevertheless, all the rest courageous investors won't miss the chance to refresh their portfolios.