debeast
(o)(o)
Posts: 238 
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Post by debeast on Sept 22, 2014 7:13:25 GMT
Hi all, I like SS and lending on all the boaty loans. I've had my fill of the PBL loans now and unfortunately that seems to be all they are getting these days  I'm sure you've all seen the new company specialising in lending on planes . I still cant work out if its ablrate or abirate  They have a sub forum here. I was wondering what people generally think about it. I've invested a few pennies but its a new platform so taking it slow. SS had a shaky start (just use the search function) but now have lots of people who like it but i'd be very interested to get others collective insights into this new company. As my siggy says the investors here are all very knowledgable Thanks /beastie |
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j
Member of DD Central
Penguins are very misunderstood!
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Post by j on Sept 22, 2014 8:44:41 GMT
Hi debeast/beastie Have been watching ablrate but not invested yet. I might when more loans come through . They do seem interactive & responsive on this forum though & happy to take on board any feedback we give them. savingstream, I have to agree with you there, too many BLs at the moment, but you can say that about many other platforms. It seems to be the flavour of the month & easier to source for everybody! I'm personally being more careful/selective with them now as many of us seem to be over-exposed at the moment. They have the odd hiccup as with PBL09 (or was it 10) which still hasn't drawn down due to some legals being sorted - which platform doesn't though (look at AC who have a very experienced & still have many issues with legals). It will be interesting to see where we stand on these investments in 6-12 months' time? How the economy, housing market, interest rates, etc will effect the whole p2p market. I hope it prospers as, despite some negative issues, it has been a breath of fresh air in the investment sphere & a decent competitor & place to put some money in rather than leave it rotting in a bank with paltry returns. |
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Investor
Member of DD Central
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Post by Investor on Sept 22, 2014 9:06:12 GMT
Hi all, I like SS and lending on all the boaty loans. I've had my fill of the PBL loans now and unfortunately that seems to be all they are getting these days I'm sure you've all seen the new company specialising in lending on planes . I still cant work out if its ablrate or abirate They have a sub forum here. I was wondering what people generally think about it. I've invested a few pennies but its a new platform so taking it slow. SS had a shaky start (just use the search function) but now have lots of people who like it but i'd be very interested to get others collective insights into this new company. As my siggy says the investors here are all very knowledgable Thanks /beastie debeast It is Ablrate (Asset Based Lending rate). Think they are at the same point that SS was (without all the issues on the forum) a year ago. Proposition looks very good and just need to get some traction once the opportunities start coming in. There is some news from ablrate on the other forum "We do have a great pipeline that we are slowly feeding in and watch this space for some news at the end of October". As with all properly structure new p2p start-ups there is an 'early days' period to get through where the loans and investors need to be grown at a considered and controlled rate, however I think within the new few months we we start to see Ablrate as a similar propostion to SS without the PBL and seasonality.
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They have a sub forum here. I was wondering what people generally think about it. I've invested a few pennies but its a new platform so taking it slow.
