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Post by stuartassetzcapital on Jul 9, 2019 19:51:07 GMT
I have only come across a tiny number of platforms that both readily publish comprehensive figures in terms of their track-record and have a 100% rate of paying lenders. Even better, with one or two, their figures are independently audited by the likes of Brismo. I am not sure if I can name these providers here as it may show bias towards them (can share with folk via Direct Messages if anyone is interested), but I was wondering if anyone could share their insights on the above two points i.e. comprehensive performance statistics including defaults and 100% track-record of paying investors? Which companies openly publish such data? Which companies have a 100% track-record of paying lenders? I totally and fully appreciate that past performance is by no means a guide to what may happen in the future, and one has to do their due diligence on multitudinous other factors, but any company that is both transparent with publishing comprehensive loan data and has a 100% track-record (or there or thereabouts) of payments to lenders is certainly worth considering in my book. Hello p2pfan . I see you are already aware of CrowdProperty. I've lent via UK p2p for 7 years, and CP are the only platform I deal with that meets the criteria you specify - transparent, 5 years of 100% payback, Brismo audited etc.
My earlier post on the subject:
All platforms start off like that. Risk exists. If you read the Lendy forum, people state that a 100% interest record is proof of quality, and in the end it wasn’t. The long term credit results of the platform is what matters. Not a comment on CrowdProperty specifically at all but a comment on P2P and wider investment risk versus a bank account.
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p2pfan
Member of DD Central
Full-Time Investor
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Post by p2pfan on Jul 9, 2019 21:42:44 GMT
I have only come across a tiny number of platforms that both readily publish comprehensive figures in terms of their track-record and have a 100% rate of paying lenders. Even better, with one or two, their figures are independently audited by the likes of Brismo. I am not sure if I can name these providers here as it may show bias towards them (can share with folk via Direct Messages if anyone is interested), but I was wondering if anyone could share their insights on the above two points i.e. comprehensive performance statistics including defaults and 100% track-record of paying investors? Which companies openly publish such data? Which companies have a 100% track-record of paying lenders? I totally and fully appreciate that past performance is by no means a guide to what may happen in the future, and one has to do their due diligence on multitudinous other factors, but any company that is both transparent with publishing comprehensive loan data and has a 100% track-record (or there or thereabouts) of payments to lenders is certainly worth considering in my book. Hello p2pfan . I see you are already aware of CrowdProperty. I've lent via UK p2p for 7 years, and CP are the only platform I deal with that meets the criteria you specify - transparent, 5 years of 100% payback, Brismo audited etc.
My earlier post on the subject:
Thank you for your feedback Vero. That's much appreciated.
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Post by df on Jul 9, 2019 22:27:59 GMT
Hello p2pfan . I see you are already aware of CrowdProperty. I've lent via UK p2p for 7 years, and CP are the only platform I deal with that meets the criteria you specify - transparent, 5 years of 100% payback, Brismo audited etc.
My earlier post on the subject:
All platforms start off like that. Risk exists. If you read the Lendy forum, people state that a 100% interest record is proof of quality, and in the end it wasn’t. The long term credit results of the platform is what matters. I also recall celebrating 2 year MT anniversary with default-free loan book  , but today CP is not a new kid on the block, they've been around for 5 years (relatively long term in p2p world).
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, but today CP is not a new kid on the block, they've been around for 5 years (relatively long term in p2p world).