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Post by funkymonkey on Sept 21, 2018 21:55:50 GMT
Oink
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Nomad
Member of DD Central
Posts: 729
Likes: 495
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Post by Nomad on Sept 21, 2018 22:00:37 GMT
My apologies - I completely failed in thinking up something interesting/funny today for a choccy competition. As such, for anyone who is still online late on a Friday night who would like some chocolate, please post something on this thread and the first 10 people to do so will get some (chocolate that is). Goodnight all. Ed. [If you are one of the 10 posts after this one, please PM me with your name and address and I will dispatch your prize asap] Good to see MT resuming greater interaction with the forum...
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Post by Please turn me over on Sept 21, 2018 22:04:11 GMT
Baaaaaa! I like chocolate too.
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ding
Member of DD Central
Posts: 238
Likes: 132
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Post by ding on Sept 21, 2018 22:05:48 GMT
Ding.. Ding.. Ding.. Ding.. Ding.. Ding.. Ding.. Ding.. Ding.. Ding.. Ding.. Ding.. Ding.. Ding.. Dong..
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johni
Member of DD Central
Posts: 365
Likes: 327
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Post by johni on Sept 21, 2018 22:16:24 GMT
Was it 10 or 11?
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easylender
Member of DD Central
Posts: 248
Likes: 222
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Post by easylender on Sept 21, 2018 22:17:52 GMT
Do I smell chocolate?
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dawn
Member of DD Central
Posts: 308
Likes: 275
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Post by dawn on Sept 21, 2018 22:22:53 GMT
Bother - just missed it. After 9 and half hours of driving today (delivering offspring to University) I could do with a chocolate bar to go with the a glass of wine.
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baz657
Member of DD Central
Posts: 499
Likes: 187
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Post by baz657 on Sept 21, 2018 23:17:36 GMT
It's OK I'm late to the party. I'm supposed to be on a diet...
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elliotn
Member of DD Central
Posts: 3,063
Likes: 2,681
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Post by elliotn on Sept 22, 2018 2:00:32 GMT
It would have only melted in the post here anyway
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Post by Deleted on Sept 22, 2018 6:57:24 GMT
Honestly MoneyThing SophieThing , the fact that you are clearly worrying greatly about the correct level of communication, and erring on the side of caution, transparency and lender protection as much as possible is one of the key reasons that your site is still viewed with favour by lenders in a difficult P2P environment. One of my favourite general sayings about the credit market is - "the best loans are written in the worst times, the worst loans are written in the best times". ie, your caution will see you survive the long term while your more 'bullish' competitors are now starting to suffer the consequences of chasing profits by dropping their standards and writing any old rubbish loan. If you want to see practical consequences of your marketing and transparency, all you need to do is look at review sites like trustpilot, where your company is still highly rated, while some of your competitors are being crucified and their pages resemble trench warfare against their own lenders!
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spiral
Member of DD Central
Posts: 909
Likes: 456
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Post by spiral on Sept 22, 2018 7:34:40 GMT
Mods, can you delete the previous 10 posts (I think that should be enough). They've added nothing to the conversation!
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Post by MoneyThing on Sept 22, 2018 7:49:41 GMT
I believe jeepers posted twice so I make it that you are number 10!
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Post by MoneyThing on Sept 22, 2018 8:01:14 GMT
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derbyfella
Member of DD Central
Posts: 70
Likes: 45
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Post by derbyfella on Sept 22, 2018 8:10:04 GMT
My chocolate sensors failed to go off. I can only blame the wife on that front. nice too see a thread without any recrimination......wait, oh no
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Post by oktaeder on Sept 22, 2018 8:15:19 GMT
Interesting that performing live loans are for 15 millions while nonperforming and defaulted are just above 10 millions - more than 40% of loan book is in trouble. Hi justme , Well I guess you can make the figures say what you want. My view is that if you compare defaults to a live loan book, you miss out a key figure, which is all the repaid loans. If you compare the remaining defaults with the total originated, remaining capital outstanding is 7.75% as things stand today. The slow loan origination this year has also made the defaults seem magnified as the live loan book as decreased slightly as performing loans have repaid. Also just to point out that what we call ‘non-performing’ are not even reportable on other platforms. Some platforms report non-performing after 45, 90 or 180 days. We report after 14 days. On this basis, you could say that £21.6m of the £28m live are performing. The FCA include some standard definitions of a ‘default’ in their recent consultation paper. For us this is great as it would reduce our default statistics. For other platforms, I expect their published default rate would increase dramatically. That’s the issue when there is no standard definition. We’ve taken a fairly hard line in or definitions, which is not so great for marketing purposes, but we think it is more useful to lenders. Would be interesting to know if anyone has a view on this. Kind regards Sophie I see the investors here in bigger troubles. Looking into the magic triangle so we have
- risk: seems to be much higher than 1 or 2 years before. Some investors have lost money after interests. LTV is a joke.
- return: I don't know if my returns will be positiv at all at the end. To much money in defaulted loans and the none-performing don't help. Nobody knows if they will perform
- liquidity: bad. Back in the day you could sell on 2nd market, take your money whenever you needed. Don't work now for the most loans.
I know that p2p investing is no daytrade and I know about the risks too. But from my point of view MT is no success story for investors now. I never would recomend it to my friends.
Don't missunderstand my, I like the company and appreciate your team. But the problems are serious now. Some 60% of my investments are defaulted or in loans I cannot sell at all. And looking at the storage loan i.e. is hard to understand what went wrong.
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