cedarcourtcapital
Member of DD Central
Listening is not the same as understanding
Posts: 190 
Likes: 316
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Post by cedarcourtcapital on Apr 4, 2018 11:32:59 GMT
To all those people who do not like Moneything, what it is, what it has become, what it does, goodbye and do not let the door hit you in the back as you leave. While I am sure this would not really be Moneything's stated position, I sincerely hope it is their actual position. People who post to this forum and make so much noise for their own importance, are just a fraction of Moneything's lenders.
All the negative comments are fine, just do not expect or feel any right to have things change, if you no longer like Moneything - leave, do not make self serving statements about withdrawing funds etc.
FACT - Lenders come and go. I for one am glad that Moneything rarely engage the negative comments made here, I would prefer them working on their actual business of running their business. In my opinion, and I have expressed this directly to them, they have given this forum and some who post here, who try to directly communicate with them through this forum, way to much importance and expectations.
I am sure those who this post is aimed at know who they are, those to whom posting their troubles here, constantly asking for updates, is a hobby. In my opinion, and that is all it is, they should consider whether their taking Moneything's attention off more important tasks, is in anyone's, other than their, best interests?
If you do not like what Moneything is, leave, but do not make a big noise about it.
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eeyore
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Post by eeyore on Apr 4, 2018 11:46:08 GMT
... if you no longer like Moneything - leave, do not make self serving statements about withdrawing funds etc. Self-serving? How? My understanding of the secondary market is that making negative comments about MT as a whole or a specific loan will *depress* the value of a lender's loans thus reducing the value or delay the return of funds - the opposite of self-serving! If I were planning to extract my lending from MT, then I'd be busy *boosting* the MT service.
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jonno
Member of DD Central
nil satis nisi optimum
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Likes: 3,237
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Post by jonno on Apr 4, 2018 12:32:54 GMT
To all those people who do not like Moneything, what it is, what it has become, what it does, goodbye and do not let the door hit you in the back as you leave. While I am sure this would not really be Moneything's stated position, I sincerely hope it is their actual position. People who post to this forum and make so much noise for their own importance, are just a fraction of Moneything's lenders. All the negative comments are fine, just do not expect or feel any right to have things change, if you no longer like Moneything - leave, do not make self serving statements about withdrawing funds etc. FACT - Lenders come and go. I for one am glad that Moneything rarely engage the negative comments made here, I would prefer them working on their actual business of running their business. In my opinion, and I have expressed this directly to them, they have given this forum and some who post here, who try to directly communicate with them through this forum, way to much importance and expectations. I am sure those who this post is aimed at know who they are, those to whom posting their troubles here, constantly asking for updates, is a hobby. In my opinion, and that is all it is, they should consider whether their taking Moneything's attention off more important tasks, is in anyone's, other than their, best interests? If you do not like what Moneything is, leave, but do not make a big noise about it. Aye well, the way things are going, make sure the door doesn't hit you in the back while you're the last one out, turning the lights off!
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Post by dan1 on Apr 4, 2018 13:40:57 GMT
To all those people who do not like Moneything, what it is, what it has become, what it does, goodbye and do not let the door hit you in the back as you leave. While I am sure this would not really be Moneything's stated position, I sincerely hope it is their actual position. People who post to this forum and make so much noise for their own importance, are just a fraction of Moneything's lenders. All the negative comments are fine, just do not expect or feel any right to have things change, if you no longer like Moneything - leave, do not make self serving statements about withdrawing funds etc. FACT - Lenders come and go. I for one am glad that Moneything rarely engage the negative comments made here, I would prefer them working on their actual business of running their business. In my opinion, and I have expressed this directly to them, they have given this forum and some who post here, who try to directly communicate with them through this forum, way to much importance and expectations. I am sure those who this post is aimed at know who they are, those to whom posting their troubles here, constantly asking for updates, is a hobby. In my opinion, and that is all it is, they should consider whether their taking Moneything's attention off more important tasks, is in anyone's, other than their, best interests? If you do not like what Moneything is, leave, but do not make a big noise about it. We've had enough gagging orders for one week, thank you very much.
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averageguy
Member of DD Central
Posts: 1,188
Likes: 895
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Post by averageguy on Apr 4, 2018 16:27:34 GMT
To all those people who do not like Moneything, what it is, what it has become, what it does, goodbye and do not let the door hit you in the back as you leave. While I am sure this would not really be Moneything's stated position, I sincerely hope it is their actual position. People who post to this forum and make so much noise for their own importance, are just a fraction of Moneything's lenders. All the negative comments are fine, just do not expect or feel any right to have things change, if you no longer like Moneything - leave, do not make self serving statements about withdrawing funds etc. FACT - Lenders come and go. I for one am glad that Moneything rarely engage the negative comments made here, I would prefer them working on their actual business of running their business. In my opinion, and I have expressed this directly to them, they have given this forum and some who post here, who try to directly communicate with them through this forum, way to much importance and expectations. I am sure those who this post is aimed at know who they are, those to whom posting their troubles here, constantly asking for updates, is a hobby. In my opinion, and that is all it is, they should consider whether their taking Moneything's attention off more important tasks, is in anyone's, other than their, best interests? If you do not like what Moneything is, leave, but do not make a big noise about it. We've had enough gagging orders for one week, thank you very much. A bit of humour..lovely!
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elliotn
Member of DD Central
Posts: 3,064
Likes: 2,681
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Post by elliotn on Apr 5, 2018 5:50:09 GMT
I have plenty of reservations around MT and have aired them on here. That is the same for any p2p Co though as the perfect one does not exist. A commitment to provide monthly loan updates and formalise notification of non-performing loans addresses two of my issues. MT are currently my largest platform but I reserve my right to continue to air issues that I feel will help monitor my investments held with them. As they know I love them really*. * Edit Reserved - pending LsA recovery of course  |
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jo
Member of DD Central
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Posts: 741
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Post by jo on Apr 5, 2018 9:27:29 GMT
I quite like them. I just wish they had more new loans as I find reinvestment difficult (within my own individual tolerances for any one loan).
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Post by richardb67 on Apr 5, 2018 9:56:23 GMT
I quite like them. I just wish they had more new loans as I find reinvestment difficult (within my own individual tolerances for any one loan). ditto, my funds in MT are gradually decreasing. There seems to be a flurry of loans which are snapped up and then little for weeks/months.
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Post by investor1925 on Apr 5, 2018 10:17:18 GMT
My only concern with MT is the LACK of new loans.
I've just had £100 back off the Merc today & can't invest it cos I already have invested in all the available loans.
On a wider note, yes, there are a lot of people who slag off MT, along with Lendy, FC, FS, RS etc etc.
I actually agree with both sides on this argument. If you don't like it, then leave.
However, if platforms don't perform correctly, make big errors, or treat lenders badly, then they should be made aware of it, possibly through this forum.
That's fine, as long as the criticisms are kept civil, accurate and relevant. just having a whinge is not constructive at all.
So, to all the sensible, constructive posters, keep up the good work. To all the whingers bye bye.
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Post by Deleted on Apr 5, 2018 11:43:44 GMT
The reason why lenders ask for updates is because it is their money at risk, not Moneything’s money, and because lenders have a right to know what is happening to it.
Any business has to manage relationships with key stakeholder groups. The key stakeholder groups are the business – without them there would be no business. Lenders are one of the most important stakeholder groups in the Moneything business, because without lenders there would be no Moneything. To suggest that it will be good for Moneything not to engage with lenders on this platform and to get on with running the business would be to ignore one of Moneything’s key stakeholder groups and to set the wheels in motion for damage to the Moneything business. Managing the relationships with lenders is a key part of the Moneything business, or should be, and should never be dismissed as something not part of the mainstream business.
I have sold all the Moneything loans that I could and would never invest with Moneything again but still cannot escape them because of defaulted loans. They have no substantive track record against which to judge their defaulted loan recovery so people like myself have concerns about how much of our money we will eventually get back. However, I do not consider myself to be self serving by posting on this forum. Instead I feel that my posts and those of other people are helpful for potential new lenders with Moneything to get a better idea of risks and issues involved with lending with Moneything before they commit their hard earned cash.
Hopefully OP will not have a similar experience to myself of losing approximately 51% of my investment in a property secured loan within a few months of it being taken out and feeling somewhat let down over it.
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Post by elephantrosie on Apr 5, 2018 12:01:01 GMT
Okay, thank you, goodbye
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johni
Member of DD Central
Posts: 369
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Post by johni on Apr 5, 2018 13:56:53 GMT
The reason why lenders ask for updates is because it is their money at risk, not Moneything’s money, and because lenders have a right to know what is happening to it. Any business has to manage relationships with key stakeholder groups. The key stakeholder groups are the business – without them there would be no business. Lenders are one of the most important stakeholder groups in the Moneything business, because without lenders there would be no Moneything. To suggest that it will be good for Moneything not to engage with lenders on this platform and to get on with running the business would be to ignore one of Moneything’s key stakeholder groups and to set the wheels in motion for damage to the Moneything business. Managing the relationships with lenders is a key part of the Moneything business, or should be, and should never be dismissed as something not part of the mainstream business. I have sold all the Moneything loans that I could and would never invest with Moneything again but still cannot escape them because of defaulted loans. They have no substantive track record against which to judge their defaulted loan recovery so people like myself have concerns about how much of our money we will eventually get back. However, I do not consider myself to be self serving by posting on this forum. Instead I feel that my posts and those of other people are helpful for potential new lenders with Moneything to get a better idea of risks and issues involved with lending with Moneything before they commit their hard earned cash. Hopefully OP will not have a similar experience to myself of losing approximately 51% of my investment in a property secured loan within a few months of it being taken out and feeling somewhat let down over it. The way that Moneything updates it's lenders is a lot better than most platforms. Because they are not able to tell you everything about defaulted loans does not mean they aren't making their best efforts on recovery. That is in everyone's interest. I would prefer moneything not to say anything than risk maximising the returns to investors. The 1 default so far recovered 100%. Recoveries in default situations can take considerable time. You can be talking years look at other platforms. If you have gone into p2p lending expecting 12% interest and no loses then maybe you shouldn't have invested. Time will tell how recoveries are managed but as yet it's far too early for anyone to make a judgement either way
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jo
Member of DD Central
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Post by jo on Apr 5, 2018 17:39:20 GMT
My only concern with MT is the LACK of new loans. I've just had £100 back off the Merc today & can't invest it cos I already have invested in all the available loans. On a wider note, yes, there are a lot of people who slag off MT, along with Lendy, FC, FS, RS etc etc. I actually agree with both sides on this argument. If you don't like it, then leave. However, if platforms don't perform correctly, make big errors, or treat lenders badly, then they should be made aware of it, possibly through this forum. That's fine, as long as the criticisms are kept civil, accurate and relevant. just having a whinge is not constructive at all. So, to all the sensible, constructive posters, keep up the good work. To all the whingers bye bye. Much in the way of new loans in the offing MoneyThing ?
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jo
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Post by jo on Apr 5, 2018 18:54:04 GMT
Much in the way of new loans in the offing MoneyThing ? Bit dated, but I've added the latest(?) pipeline update email to the relevant threadMaybe Easter got in the way of a more recent one and MoneyThing will release one this Friday. Thanks, nothing there looking imminent.
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alanp
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Post by alanp on Apr 6, 2018 15:46:00 GMT
I wish those who wanted to leave would put a few good loan parts up for sale on the SM for those of us who are sticking around.
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