adrian77
Member of DD Central
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Post by adrian77 on Jul 7, 2019 16:13:19 GMT
Clearly by chance I came across the following - believe me I had nothing to do with this and never knew it existed: p2pindependentforum.com/thread/14961/next-bite-dustI have a substantial amount in one of these towards the end - think I will change that next week! |
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arby
Member of DD Central
Posts: 910
Likes: 959
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Post by arby on Jul 7, 2019 16:32:36 GMT
Clearly by chance I came across the following - believe me I had nothing to do with this and never knew it existed: p2pindependentforum.com/thread/14961/next-bite-dustI have a substantial amount in one of these towards the end - think I will change that next week! Yep, and the same people voted Collateral and Lendy as the best p2p platforms in the year before they collapsed. So, such polls are an accurate representation of the current group-think sentiment of the forum.
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Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
Posts: 2,011
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Post by Godanubis on Jul 7, 2019 17:43:46 GMT
Clearly by chance I came across the following - believe me I had nothing to do with this and never knew it existed: p2pindependentforum.com/thread/14961/next-bite-dustI have a substantial amount in one of these towards the end - think I will change that next week! Interesting in that it says “Next” to fail. Collateral was an administrative botch and IT disaster. Lendy is being managed. As far as I can see in the UK there have been take overs but no outright failures with massive losses to date. So please help by elaborating on the Failed platforms. 
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petrichory
Member of DD Central
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Post by petrichory on Jul 7, 2019 18:25:30 GMT
By this logic, the art loans will never fail or be defaulted - they just need to be "managed" ad infinitum in this parallel universe you speak of.
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Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
Posts: 2,011
Likes: 1,013
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Post by Godanubis on Jul 7, 2019 23:19:29 GMT
By this logic, the art loans will never fail or be defaulted - they just need to be "managed" ad infinitum in this parallel universe you speak of. Here we go again bring up international fraudsters hunted by Interpol and FBI and say this applies to all loans. Yes there is fraud as in EVERY sector. STOP Fixating on the very very few frauds and individual loan failures and give and an answer. Where are the platform failures. Lendy IS being managed and scrutinised. When all is concluded.then we will have a clearer picture. There will be costs and repayments and recovery. Start to deal in actual facts. Even LCF collapse may show returns to investors. Individual loans will fail and I have never said anything different. The discussion was about platform failure.
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littleoldlady
Member of DD Central
Running down all platforms due to age
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Post by littleoldlady on Jul 8, 2019 6:44:46 GMT
I think it's reasonable to describe a platform that has gone into administration or has been forced to close by the FCA as having "failed". This does not imply that all lenders funds are necessarily completely lost, but there will probably be losses arising directly from this "failure" on top of any loan losses.
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Greenwood2
Member of DD Central
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Post by Greenwood2 on Jul 8, 2019 9:26:20 GMT
Clearly by chance I came across the following - believe me I had nothing to do with this and never knew it existed: p2pindependentforum.com/thread/14961/next-bite-dustI have a substantial amount in one of these towards the end - think I will change that next week! I will definitely be giving up on 'Other'.
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