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Post by Financial Thing on Oct 31, 2019 15:47:42 GMT
In light of what has happened with COL, LDY & FS, it's understandable why investors are cautious. If I've learned anything from investing in through Lendy, it's to pay close attention to the experience and moral character of the company founders.
I've met with Louis (Loanpad CEO) a few times. He's always been very transparent and forthcoming about Loanpad and his borrowing partner Handf. He understands than no p2p company is immune to failure and he understands risk better than most p2p CEO's I've met. I believe Louis is working to reduce lender risk as much as possible.
Louis has an extensive legal background, having worked on his partner borrowers loans for several years prior to Loanpad. Because of this, he understands his borrower's operations in great detail. Personally, I'm very comfortable with Loanpad.
On a personal note, I like Louis and feel he cares about Loanpad's investors. If you have concerns or queries, I'd suggest having a chat with him.
Just my 2p worth.
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littleoldlady
Member of DD Central
Running down all platforms due to age
Posts: 3,045
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Post by littleoldlady on Oct 31, 2019 16:20:39 GMT
In light of what has happened with COL, LDY & FS, it's understandable why investors are cautious. If I've learned anything from investing in through Lendy, it's to pay close attention to the experience and moral character of the company founders. I've met with Louis (Loanpad CEO) a few times. He's always been very transparent and forthcoming about Loanpad and his borrowing partner Handf. He understands than no p2p company is prone to failure and understands risk better than most p2p CEO's I've met. I believe Louis is working to reduce lender risk as much as possible. Louis has an extensive legal background, having worked on his partner borrowers loans for several years prior to Loanpad. Because of this, he understands his borrower's operations in great detail. Personally, I'm very comfortable with Loanpad. On a personal note, I like Louis and feel he cares about Loanpad's investors. If you have concerns or queries, I'd suggest having a chat with him. Just my 2p worth. I think you mean either any p2p company is prone to failure or no p2p company is immune to failure
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Post by Ace on Oct 31, 2019 17:48:07 GMT
In light of what has happened with COL, LDY & FS, it's understandable why investors are cautious. If I've learned anything from investing in through Lendy, it's to pay close attention to the experience and moral character of the company founders. I've met with Louis (Loanpad CEO) a few times. He's always been very transparent and forthcoming about Loanpad and his borrowing partner Handf. He understands than no p2p company is prone to failure and understands risk better than most p2p CEO's I've met. I believe Louis is working to reduce lender risk as much as possible. Louis has an extensive legal background, having worked on his partner borrowers loans for several years prior to Loanpad. Because of this, he understands his borrower's operations in great detail. Personally, I'm very comfortable with Loanpad. On a personal note, I like Louis and feel he cares about Loanpad's investors. If you have concerns or queries, I'd suggest having a chat with him. Just my 2p worth. I think you mean either any p2p company is prone to failure or no p2p company is immune to failure Damn, for a brief moment I thought I might actually be able to sleep tonight 😆
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Post by nooneere on Nov 19, 2019 18:41:35 GMT
Loanpad reached 1000 lenders today, congratulations to them. £5.74M in loans.
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Post by mrclondon on Dec 3, 2019 12:48:14 GMT
Loanpad , the latest tranche of 9387303 appears in the 'My Loanbook' list (and more importantly for me in the download Excel file) without the ' b' suffix. I suspect this is a simple error as the pdf itself refers to a ' b' tranche. It would be helpful if you could correct this so that all tranches have a unique id.
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Post by Loanpad on Dec 3, 2019 15:26:02 GMT
Loanpad , the latest tranche of 9387303 appears in the 'My Loanbook' list (and more importantly for me in the download Excel file) without the ' b' suffix. I suspect this is a simple error as the pdf itself refers to a ' b' tranche. It would be helpful if you could correct this so that all tranches have a unique id. Thanks for flagging, that has now been done
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baldpate
Member of DD Central
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Post by baldpate on Dec 3, 2019 21:17:45 GMT
Loanpad - pleased to see the changes you've made today in the Live Data Feed summary display - particularly the acknowledgement that there are effectively really only 20 distinct loans on the platform (not the nearly forty previously reported) , and the inclusion of the ICF statistics. Thank you.
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Ukmikk
Member of DD Central
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Post by Ukmikk on Dec 7, 2019 11:10:42 GMT
Loanpad - pleased to see the changes you've made today in the Live Data Feed summary display - particularly the acknowledgement that there are effectively really only 20 distinct loans on the platform (not the nearly forty previously reported) , and the inclusion of the ICF statistics. Thank you. Good news indeed. It does beg the question, how is diversification to be improved? Loanpad, could you please update on plans for improving diversification of loans and bringing in additional lending partners, something which has been alluded to but not materialised. Many thanks.
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djg
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Post by djg on Dec 7, 2019 13:10:47 GMT
Personally, I'm happy with Loanpad's diversification across just 20 loans. Loanpad is different to other platforms I'm invested with, because all it's loans are low LTV. Just my two penn'orth.
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IFISAcava
Member of DD Central
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Post by IFISAcava on Dec 10, 2019 12:17:07 GMT
The loanpad website is rubbish today
trying to turn on autolend after it was automatically disabled but I can't.
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IFISAcava
Member of DD Central
Posts: 3,692
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Post by IFISAcava on Dec 10, 2019 12:20:18 GMT
Giving up now after several attempts.
They get to keep my interest for another day at least
Things like this really put me off certain sites, such an unnecessary waste of time
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zlb
Member of DD Central
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Post by zlb on Dec 10, 2019 12:22:27 GMT
prob the server not being able to cope with too many people trying to login to do the test so that they can switch AL back on. I managed to login to do the test, but it logged me out and now I can't login again.
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IFISAcava
Member of DD Central
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Post by IFISAcava on Dec 10, 2019 12:32:30 GMT
prob the server not being able to cope with too many people trying to login to do the test so that they can switch AL back on. I managed to login to do the test, but it logged me out and now I can't login again. I did the test yesterday (three times! on my company account, ISA account and my partner's ISA) can't get in to do the simple act of turning on autolend today.
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baldpate
Member of DD Central
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Post by baldpate on Dec 10, 2019 13:38:20 GMT
Loanpad , the latest tranche of 9426260 appears in the 'My Loanbook' list without the ' b' suffix, although the linked loan report is the updated version. mrclondon reported a similar issue on the 3rd December with the 'b' tranche of 9387303. As in that previous case, this causes problems for me too with my use of the download.
PS: and the same problem with the new tranche of 9337867 !!
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Loanpad
Dec 10, 2019 13:42:57 GMT
via mobile
Post by ilmoro on Dec 10, 2019 13:42:57 GMT
Seems to ok for me. Just logged in l, certified, done the test & reenabled autolend with no problems
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