ive been more caught up in the collateral and lendy fiasco as of late but have spotted that my TLC 6 loan which should have repaid in a June has returned less than half the amount.... is there anyway of finding out where the rest is ie which loans have defaulted that I am stuck in and their progress. Have other TLC loans gone the same way.... looks like my p2p Time is at an end. Wise alpha seems the best of a bad bunch
Post by GentlemansFamilyFinances on Jul 24, 2018 8:15:08 GMT
It's funny that ThinCats is not much better than the rest of us in avoiding the bad cheese. My record of self-selecting loans is better vs. the ThinCats selected loans (but not by that much)
Long time investor in P2P Lending - I've seen the good, the bad and the ugly! I have a blog that you can have a look at - covers personal finance, family life and our family journey towards FIRE. gentlemansfamilyfinances.wordpress.com/
The loans in the TLCs were not selected as the 'best' on the platform. I don't know what the criteria were, but there was a 'human' robot that selected them so that TC were not seen to be giving advise on which loans investors in general should chose. In retrospect the TLCs were also not diversified enough so the choice of some loans that went bad had big implications for the TLCs.