jw01
Posts: 62 
Likes: 21
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Post by jw01 on Aug 9, 2019 11:09:20 GMT
Ratesetter, Proplend and CrowdProperty claim to have repaid all capital and interest in their history.
Are there any others which make the same claim and which you would recommend?
I do understand that "past performance is no guide..."
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benaj
Member of DD Central
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Posts: 5,610
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Post by benaj on Aug 9, 2019 11:31:20 GMT
I've learnt quite late that zero losses are not the same of zero risks. What important to me now is how often borrowers repay on time and speed of loan recovery in full without losses of both capital & interest.
You are definitely right about the past performance is no guarantee of future results.
Assetz QAA & 30DAA are pretty good paying interest on time and no delay in withdrawal yet.
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Post by propman on Aug 9, 2019 11:36:28 GMT
LW have also absorbed all losses so far.
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Post by gravitykillz on Aug 9, 2019 13:41:42 GMT
Loanpad is new. But no issues so far with repayment.
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littleoldlady
Member of DD Central
Running down all platforms due to age
Posts: 3,045
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Post by littleoldlady on Aug 9, 2019 13:49:55 GMT
Be careful how you read a "No losses" claim. Some platforms just kick the can for ever so technically nobody has lost money yet, but Hell will freeze over before they get it back.
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nummo
Member of DD Central
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Post by nummo on Aug 9, 2019 14:45:19 GMT
FYI Proplend recently had their first default.
As others have said it is how they respond that matters as every platform will suffer defaults due to the inherent risk in these loans.
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Post by gravitykillz on Aug 9, 2019 18:28:20 GMT
Lendinvest is pretty good too. No defaults that I am aware of.
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one21
Member of DD Central
Posts: 398
Likes: 265
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Post by one21 on Aug 9, 2019 18:51:11 GMT
Lendinvest is pretty good too. No defaults that I am aware of. I have two loans in default, however the properties appear saleable with realistic LTV's, (unlike Lendy) so not too concerned.
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Post by gravitykillz on Aug 9, 2019 19:40:40 GMT
I have seen more positive feedback from lendinvest than any other platform. Defaults do occur but are corrected within a few weeks. Investors get paid all their interest as well.
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Post by gravitykillz on Aug 9, 2019 19:42:44 GMT
Unlike funding circle where I am still waiting for my money back from 2016 for a loan ltv of 60%.
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littleoldlady
Member of DD Central
Running down all platforms due to age
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Post by littleoldlady on Aug 10, 2019 14:37:52 GMT
I have seen more positive feedback from lendinvest than any other platform. Defaults do occur but are corrected within a few weeks. Investors get paid all their interest as well. Yes, shame they don't - and never will - offer an ISA. For that reason I am running down my holdings. just 4 left all in breach.
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Post by gravitykillz on Aug 10, 2019 14:57:03 GMT
I have seen more positive feedback from lendinvest than any other platform. Defaults do occur but are corrected within a few weeks. Investors get paid all their interest as well. Yes, shame they don't - and never will - offer an ISA. For that reason I am running down my holdings. just 4 left all in breach. Preservation of capital is a higher priority for me than if a provider offers a isa or not. I need to know that the people looking after my money are competent at their job and not allowing borrowers to run rings around them. Unlike some providers who consider default more common than afternoon tea. I am confident you will get your funds and interest returned to you within a few weeks. Based on previous experience and feedback.
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Greenwood2
Member of DD Central
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Post by Greenwood2 on Aug 10, 2019 20:05:53 GMT
Ratesetter, Proplend and CrowdProperty claim to have repaid all capital and interest in their history. Are there any others which make the same claim and which you would recommend? I do understand that "past performance is no guide..." Zero losses is a myth, zero losses to date certainly possible, but extremely unlikely that that will continue indefinitely. Whether losses will be better or worse than other platforms in the long term who knows.
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littleoldlady
Member of DD Central
Running down all platforms due to age
Posts: 3,045
Likes: 1,862
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Post by littleoldlady on Aug 11, 2019 7:40:24 GMT
Zero losses is also irrelevant. Net return after any losses is all that matters.
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Post by propman on Aug 11, 2019 9:55:44 GMT
Zero losses is also irrelevant. Net return after any losses is all that matters. Agreed. PFs hide the defaults from the investors that doesn't mean there aren't any.
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