It's blindingly obvious we need an ABP2P Lenders Association

Interesting.

As you've given it some thought, what would you expect from such a paid-membersip association and how much would you be prepared to pay for those benefits?

(It is something I've fleetingly considered  but have doubts as to getting the Association 'recognised'. Press shouldn't be a problem, but Platforms and other, more formal entities such as the FCA / FSO could prove more difficult. Therefore, I wonder what 'teeth' the Association would have and whether it could therefore be considered good enough value for money to warrant a paid subscription.) 

Not a terrible idea, but why would you want to exclude the three largest and best known platforms. Are the problems of secured lending that unique? I can see that valuations are a different issue, but many other problems would overlap.

The biggest problem that I can see is that benefits accrue to everyone, but the cost is paid by members; so how do you persuade the first few thousand members to sign up? Maybe members could vote on which issue/platform to tackle first?

My guess is that £20 wouldn't be enough.

p2pfa.org.uk

Do we really want another one? I'd rather have one less actually 

Re p2pfa.org.uk, isn't this for the Platforms? 

We already know how they give Lenders' interests preference. 

Not everyone is taken in by glitzy platforms and 12% rates (only those that enjoy being shafted as you say)

Some of us would prefer to protect ourselves rather than expect some association to do it for us  

 

United we stand, divided we fall.  Strength in numbers. Every man for himself will get you a long way won't it?

The Borrowers and Platforms know we have no collective Voice and take pecuniary advantage of that and lose us money for their benefit.

I think most on here have the wrong attitude and tbh you deserve to be turned over and cleaned out. As you are being.

It was an idea I had which I thought an obvious route to take. I now withdraw from this Topic.

I hope everyone gets what they deserve out of ABP2P.

I think it is a good idea.

From my experience of investor action groups it will take a small group of people to form a group that will do the majority of the work and be willing to give a small amount of their time. 

This small group could then mobilise the larger group around things like writing to their local MPs on specific issues, providing things like standard letters that each investor could tweak.

There will be a variety of grievances that lenders have, not all will agree, but i am sure there will be some common themes that a large number of lenders agree on.

Like a lot of volunteer action groups, a small group of people are needed to kick things off and keep things going for the benefit of a wider group.