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Post by passiveinvestor on May 25, 2019 11:48:40 GMT
I urge any unhappy lenders to give FC 1star on Trust Pilot. One of the many misleading things about FC is that they quote 4 stars on Trust Pilot but when you look this is mainly about very happy borrowers and very UNhappy lenders
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Post by james1100 on May 26, 2019 9:29:09 GMT
Done
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ashtondav
Member of DD Central
Posts: 1,814 
Likes: 1,092
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Post by ashtondav on May 26, 2019 10:42:33 GMT
And done.
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Post by texrichman on May 28, 2019 12:39:53 GMT
Done, people must be made aware of what they are getting themselves into (and never out of).
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dorset
Member of DD Central
Posts: 281
Likes: 187
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Post by dorset on May 28, 2019 16:30:40 GMT
Done.
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Post by bluehorseshoe on May 31, 2019 21:11:34 GMT
Have to laugh at the 5* rating there today from a borrower - "The process to get the funding was shockingly simple"  |
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Post by kcrane on May 31, 2019 21:27:30 GMT
Done
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Post by passiveinvestor on Jun 1, 2019 9:47:34 GMT
A reminder for any unhappy lenders to give a 1 star review on Trust Pilot. Funding Circle appear to be encouraging borrowers to give 5 star reviews. Without irony a happy borrower has just written:
‘The process to get the funding was shockingly simple’
No better way to wind up a lender who’s returns have been eaten away by bad debt!
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Post by rookyone on Jun 1, 2019 9:59:16 GMT
Done, however one might be shooting oneself in the foot, it's difficult enough to get your investment out now without encouraging a run on the platform  |
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Post by kcrane on Jun 1, 2019 10:03:03 GMT
Done, however one might be shooting oneself in the foot, it's difficult enough to get your investment out now without encouraging a run on the platform Yep, I wondered about that too. On balance I came down on providing a warning to the diligent folks who make an effort to check out a company whilst selfishly thinking there won't be that many of them so I doubt I am undermining my own effort to get out.
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Post by Ace on Jun 1, 2019 12:00:28 GMT
Done, however one might be shooting oneself in the foot, it's difficult enough to get your investment out now without encouraging a run on the platform Yep, I wondered about that too. On balance I came down on providing a warning to the diligent folks who make an effort to check out a company whilst selfishly thinking there won't be that many of them so I doubt I am undermining my own effort to get out. I don't know the exact definition of a "run". But with the exit queue growing by one day for every two elapsed, and only being able to extract less than 50% in each selling cycle due to the "processing" con, I'd say were already pretty close to one.
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benaj
Member of DD Central
N/A
Posts: 5,619
Likes: 1,741
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Post by benaj on Jun 1, 2019 12:31:33 GMT
I understand there are a lot of lenders not happy about the current performance of the return / time to withdraw fund and would not recommend FC to others. I am definitely not happy about current sale queue and wish there could me some room for improvement from FC.
Would leaving 1 star review on TP improve the sale queue, especially for the size of FC? I don't know if it is effective to raise an issue. I suppose the rating is subjective and there are many 1 stars left on TP for many companies even if there are no unacceptable experience, unreasonable and rude conduct.
Octopus Choice is ranked 13 out of 207 in the category Investment, probably the only platform at the moment with the highest TP rating, but would you invest there for 4% return?
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