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Post by df on Feb 25, 2020 21:51:05 GMT
Financial thing is paid to promote platforms. Always better to do your own research than to listen to propaganda. I'm sure anyone with a nice office would get a positive review. There's nothing wrong in taking advantage of small incentives offered by platforms as a reward for the work he has done. It's not like platforms are paying him for promoting them in his blog. I've never seen any propaganda on Financial Thing website, just a share of personal knowledge and experience. I found the reviews useful when I started with p2p.
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Loanpad
Feb 26, 2020 18:21:59 GMT
via mobile
Post by gravitykillz on Feb 26, 2020 18:21:59 GMT
Financial thing is paid to promote platforms. Always better to do your own research than to listen to propaganda. I'm sure anyone with a nice office would get a positive review. There's nothing wrong in taking advantage of small incentives offered by platforms as a reward for the work he has done. It's not like platforms are paying him for promoting them in his blog. I've never seen any propaganda on Financial Thing website, just a share of personal knowledge and experience. I found the reviews useful when I started with p2p. I did not. Thought it was somewhat biased.
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Post by Financial Thing on Feb 28, 2020 17:16:24 GMT
Financial thing is paid to promote platforms. Always better to do your own research than to listen to propaganda. I'm sure anyone with a nice office would get a positive review. Yes and if the p2p companies serve me a nice cuppa, they get extra points  I've spent five years of my life investing, writing about and visiting the p2p companies. My goal has always been capital preservation and to share any information I have with my readers. From there they can make their own decisions. It takes time and money to invest and visit the companies and all the information I give is free of charge. I receive ad revenue and refer-a-friend income from some companies but am not paid to promote any of them via my reviews. Everything I write is from my own opinions and experiences.
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Post by biscuitbri on Mar 3, 2020 20:45:31 GMT
Perhaps the opinions of this forum's members are even more credible than any expert.
If so, at the moment Loanpad are standing at a very creditable 5th in the forums "Top P2P Platforms for 2020".
Just saying
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Greenwood2
Member of DD Central
Posts: 4,385
Likes: 2,784
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Post by Greenwood2 on Mar 3, 2020 20:58:26 GMT
Perhaps the opinions of this forum's members are even more credible than any expert. If so, at the moment Loanpad are standing at a very creditable 5th in the forums "Top P2P Platforms for 2020". Just saying If you look back at previous polls doing well is practically the kiss of death. Just saying.
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Ukmikk
Member of DD Central
Posts: 452 
Likes: 306
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Loanpad
Mar 3, 2020 21:51:26 GMT
via mobile
Post by Ukmikk on Mar 3, 2020 21:51:26 GMT
Perhaps the opinions of this forum's members are even more credible than any expert. If so, at the moment Loanpad are standing at a very creditable 5th in the forums "Top P2P Platforms for 2020". Just saying If you look back at previous polls doing well is practically the kiss of death. Just saying. Like winning X Factor..
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withnell
Member of DD Central
Posts: 550
Likes: 491
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Post by withnell on Mar 16, 2020 13:04:12 GMT
Fair play to Loanpad for doing what they said they would - my proportion of loanbook held as cash has shot up at least a percentage point in the last day or so, gives a lot of comfort about adding additional funds!
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Post by Ace on Mar 16, 2020 15:29:09 GMT
Fair play to Loanpad for doing what they said they would - my proportion of loanbook held as cash has shot up at least a percentage point in the last day or so, gives a lot of comfort about adding additional funds! That does somewhat mask the position though. They currently have £207k of cash available, but this is almost totally due to today's £200k repayment from one loan. There isn't much due to be repaid in the coming month. There is a £150k repayment due on the 20th March from the repeatedly extended loan, but nothing else due in the next 4 weeks. There are often repayments from sales of properties before the scheduled loan end dates though. I have confidence in loanpad to manage the situation, and even more confidence in the security of their loans, but I think it would be foolhardy to assume that they won't suffer from a lack of liquidity in the short term. I think this should be expected in such exceptional times, and I'm happy to have my funds locked in for a while or subject to delays. Loanpad pay a very good rate considering the strength of the security. We should expect occasional liquidity issues in return for these rates. I expect to be adding to my funds with them soon.
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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 Mar 17, 2020 16:19:39 GMT
Fair play to Loanpad for doing what they said they would - my proportion of loanbook held as cash has shot up at least a percentage point in the last day or so, gives a lot of comfort about adding additional funds! That does somewhat mask the position though. They currently have £207k of cash available, but this is almost totally due to today's £200k repayment from one loan. Today only less than £7k, so either that £200k was reversed or by coincidence £200k was withdrawn.
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Post by Ace on Mar 17, 2020 16:28:33 GMT
That does somewhat mask the position though. They currently have £207k of cash available, but this is almost totally due to today's £200k repayment from one loan. Today only less than £7k, so either that £200k was reversed or by coincidence £200k was withdrawn. I make it under £700 in cash available. Yes, it looks like over £200k was withdrawn today. Odd that the live data feed is still estimating that withdrawals will take less than 1 day. As I said before, foolish to think there won't be a short term liquidity issue. Still a good secured rate if you don't need the cash, IMO.
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benaj
Member of DD Central
N/A
Posts: 5,616
Likes: 1,740
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Post by benaj on Mar 17, 2020 16:39:30 GMT
Today only less than £7k, so either that £200k was reversed or by coincidence £200k was withdrawn. I make it under £700 in cash available. Yes, it looks like over £200k was withdrawn today. Odd that the live data feed is still estimating that withdrawals will take less than 1 day. As I said before, foolish to think there won't be a short term liquidity issue. Still a good secured rate if you don't need the cash, IMO. Loanpad pays £876 daily interest everyday. Don't forget about the 40k ICF to service the interest every day
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littleoldlady
Member of DD Central
Running down all platforms due to age
Posts: 3,045
Likes: 1,862
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Post by littleoldlady on Mar 17, 2020 16:44:59 GMT
I make it under £700 in cash available. Yes, it looks like over £200k was withdrawn today. Odd that the live data feed is still estimating that withdrawals will take less than 1 day. As I said before, foolish to think there won't be a short term liquidity issue. Still a good secured rate if you don't need the cash, IMO. I agree, and I don't have any particular concern over the quality of the loan book. It would be a pity if a perfectly sound business came to grief over a liquidity problem, but it would not be the first.
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Post by Ace on Mar 17, 2020 16:54:10 GMT
I make it under £700 in cash available. Yes, it looks like over £200k was withdrawn today. Odd that the live data feed is still estimating that withdrawals will take less than 1 day. As I said before, foolish to think there won't be a short term liquidity issue. Still a good secured rate if you don't need the cash, IMO. Loanpad pays £876 daily interest everyday. Don't forget about the 40k ICF to service the interest every day Sorry benaj, but I'm not sure what point you're making. Also, where do you get the £876 figure from? Even at the lowest interest rate they pay of 4%, this would equate to over £900 interest per day.
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benaj
Member of DD Central
N/A
Posts: 5,616
Likes: 1,740
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Post by benaj on Mar 17, 2020 16:58:10 GMT
You're right Ace, not sure why I wrote £876, may be it's a number stuck on my mind. |
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jonno
Member of DD Central
nil satis nisi optimum
Posts: 2,808
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Post by jonno on Mar 18, 2020 12:19:39 GMT
Just what I needed; "Site is currently down for scheduled maintenance and upgrades". If it was "scheduled" you'd have thought they might have forewarned us, especially given the current environment.
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