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Post by df on Sept 20, 2019 21:09:09 GMT
Just had a look at my spam folder and found a series of FO newsletters. Today's one was about "Holidaying with a baby", "New baby essentials on a budget", "How to keep fit for free", "365 day money management challenge" and "Holiday money management for singletons". Could be very informative and enlightening for some, but there's no information of specific relevance to investors - it is clearly intended for borrowers. Just wondering why I'm on the borrowers mailing list and why do they all end up in spam. iirc I've never had any p2p platform e-mails in spam folder before.
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Ace
Member of DD Central
Posts: 4,073
Likes: 4,361
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Post by Ace on Sept 20, 2019 21:42:16 GMT
Thanks, I just found the same emails in my spam folder. Having read them, I think the system got it about right. Zero information on FO's problems or how they intend to address them.
My patience with the lack of management engagement, and ever worsening statistics, has run out. I'm going to attempt to withdraw. At least it will free up some loans for other lenders to pick up.
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zlb
Member of DD Central
Posts: 1,359
Likes: 310
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Post by zlb on Sept 20, 2019 22:30:14 GMT
I've had these, not in spam. I've been miffed, and can't help thinking they are making these announcements to a vacuum. Would a FO borrower be able to afford to go on holiday? The announcements are very wholesome seeming, but seem aimed more at those who have money.
Definitely no announcements for lenders.
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Post by df on Sept 21, 2019 2:40:55 GMT
I've had these, not in spam. I've been miffed, and can't help thinking they are making these announcements to a vacuum. Would a FO borrower be able to afford to go on holiday? The announcements are very wholesome seeming, but seem aimed more at those who have money. Definitely no announcements for lenders. You never know, some of them might be borrowing to go on holiday  I get weekly Zopa update - "this week we've helped 776 people save money by paying down their credit cards, 54 people head off on holiday and 20 happy couples tie the knot". I presume leisure is one of the purposes of FO borrowing too.
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Post by df on Sept 21, 2019 3:24:45 GMT
Thanks, I just found the same emails in my spam folder. Having read them, I think the system got it about right. Zero information on FO's problems or how they intend to address them. My patience with the lack of management engagement, and ever worsening statistics, has run out. I'm going to attempt to withdraw. At least it will free up some loans for other lenders to pick up. I'm staying put for now, but having thoughts of partial of even full withdrawal more and more often. Management engagement was full on at the beginning, but hardly anything in that field since April this year. My main worry is lack of borrowing. It feels like the loan chunks I'm getting are mainly due to others withdrawing their funds. It has been asked on this board in the past - where do WLU advertise their product? Don't seem to appear on google search for pay day loans.... and of course "self-borrowing" raises concern (quick fix of the pool overflow doesn't sound like a long term solution).
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Greenwood2
Member of DD Central
Posts: 3,774
Likes: 2,368
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Post by Greenwood2 on Sept 21, 2019 6:14:18 GMT
I've had these, not in spam. I've been miffed, and can't help thinking they are making these announcements to a vacuum. Would a FO borrower be able to afford to go on holiday? The announcements are very wholesome seeming, but seem aimed more at those who have money. Definitely no announcements for lenders. Seem like pretty random financial 'advice', with lots of links to other companies that FO may get paid for.
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benaj
Member of DD Central
Posts: 4,135 
Likes: 1,348
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Post by benaj on Sept 21, 2019 6:25:32 GMT
iirc I've never had any p2p platform e-mails in spam folder before. Well, I had to change my email address due to number of P2P emails sitting in the Spam/Junk folders, Outlook was dump enough treating bank emails in the Junk folder in many occasions and I often found FS emails, new platform registration ending up there as well. I agree it wasn't newsletter for investors and FO should address the issue. I do wonder why "Welendus" is still on this comparison site list while Fund Ourselves is not. Strangely enough, Wonga is on the list too. www.finder.com/uk/payday-loans/a-to-z-list
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Post by nsiam on Sept 21, 2019 6:47:17 GMT
Just had a look at my spam folder and found a series of FO newsletters. Today's one was about "Holidaying with a baby", "New baby essentials on a budget", "How to keep fit for free", "365 day money management challenge" and "Holiday money management for singletons". Could be very informative and enlightening for some, but there's no information of specific relevance to investors - it is clearly intended for borrowers. Just wondering why I'm on the borrowers mailing list and why do they all end up in spam. iirc I've never had any p2p platform e-mails in spam folder before. Hi df, these emails are from our new blog which we released a couple of weeks back not our newsletter. We started the blog with general topics that may be useful for anyone and mainly borrowers. The blog is not intended to sell our products but more to create content that is light, easy to read while offering useful information. Given that over 90% of our users are borrowers, we started with topics that may be of interest. We will follow at a later stage with more topics that may be useful for investors and some topics on product features and releases. More to come. Again, this blog is free, not intended for selling and we do not want it to be for just our users and hence the wide range of general topics. We just want to build community and this is one channel where we can bring people together. Regarding the spam folder, we do not send an email as spam. You will need to mark these emails as "Non Spam" from your mailbox to make sure these emails are delivered to your main inbox. Depending on your email provider, there are different ways to do this. But basically you will have to go to one of the emails and mark as "non spam". We will be happy to advise you how to make this change. Please email us and we will be happy to help. The Blog aside, we do send an investor update email once a month. These are the important emails for investors which you should keep an eye on. I hope you have been receiving the investor update emails. If not, please check the spam folder again. Hope this helps.
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Post by nsiam on Sept 21, 2019 6:56:22 GMT
I've had these, not in spam. I've been miffed, and can't help thinking they are making these announcements to a vacuum. Would a FO borrower be able to afford to go on holiday? The announcements are very wholesome seeming, but seem aimed more at those who have money. Definitely no announcements for lenders. Seem like pretty random financial 'advice', with lots of links to other companies that FO may get paid for. Hi @greenwood2, we do not and will not get paid for blog content. We just want to offer light useful content that may be of interest for a wide range of audience. More topics for investors to follow.
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Post by nsiam on Sept 21, 2019 7:26:17 GMT
Thanks, I just found the same emails in my spam folder. Having read them, I think the system got it about right. Zero information on FO's problems or how they intend to address them. My patience with the lack of management engagement, and ever worsening statistics, has run out. I'm going to attempt to withdraw. At least it will free up some loans for other lenders to pick up. I'm staying put for now, but having thoughts of partial of even full withdrawal more and more often. Management engagement was full on at the beginning, but hardly anything in that field since April this year. My main worry is lack of borrowing. It feels like the loan chunks I'm getting are mainly due to others withdrawing their funds. It has been asked on this board in the past - where do WLU advertise their product? Don't seem to appear on google search for pay day loans.... and of course "self-borrowing" raises concern (quick fix of the pool overflow doesn't sound like a long term solution). , zlb , Ace and all, we have made significant improvements and updates over the past few weeks and months. Some of the improvements are obvious (like our new website) and some are in our tech infrastructure and marketing channels (less obvious). These updates and improvements are done based on our learnings from our first year of operation and will mean that Fund Ourselves will be a lot more efficient, scalable and sustainable moving forward. We are almost done and once all updates are complete, investors will notice huge improvements. To give you hints, we have rebranded (the obvious one), released a new website (hope you are all using our new website; fundourselves.com/ its a lot better), released an all new decisioning engine fully built in-house and significantly better than its predecessor, updated marketing channels to be more diversified with less dependencies in preparation for growth (in testing - to be released very soon) and will soon be making some other very exciting announcements over the next very few weeks. So please keep an eye on for investor update emails. It is brave to make so many big changes and updates at the same time and at an early stage. But once all updates, new features and improvements are released, Fund Ourselves will be the best marketplace investment platform out there. Hope this gives you some insight on what we are up to. Very exciting times ahead. Your previous great experience will get even better soon.
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Post by df on Sept 21, 2019 17:49:14 GMT
Just had a look at my spam folder and found a series of FO newsletters. Today's one was about "Holidaying with a baby", "New baby essentials on a budget", "How to keep fit for free", "365 day money management challenge" and "Holiday money management for singletons". Could be very informative and enlightening for some, but there's no information of specific relevance to investors - it is clearly intended for borrowers. Just wondering why I'm on the borrowers mailing list and why do they all end up in spam. iirc I've never had any p2p platform e-mails in spam folder before. Hi df , these emails are from our new blog which we released a couple of weeks back not our newsletter. We started the blog with general topics that may be useful for anyone and mainly borrowers. The blog is not intended to sell our products but more to create content that is light, easy to read while offering useful information. Given that over 90% of our users are borrowers, we started with topics that may be of interest. We will follow at a later stage with more topics that may be useful for investors and some topics on product features and releases. More to come. Again, this blog is free, not intended for selling and we do not want it to be for just our users and hence the wide range of general topics. We just want to build community and this is one channel where we can bring people together. Regarding the spam folder, we do not send an email as spam. You will need to mark these emails as "Non Spam" from your mailbox to make sure these emails are delivered to your main inbox. Depending on your email provider, there are different ways to do this. But basically you will have to go to one of the emails and mark as "non spam". We will be happy to advise you how to make this change. Please email us and we will be happy to help. The Blog aside, we do send an investor update email once a month. These are the important emails for investors which you should keep an eye on. I hope you have been receiving the investor update emails. If not, please check the spam folder again. Hope this helps. Hi nsiam , good to hear from you and thank you for explanation. I've marked them all "non spam" straight away, so hopefully the next one will arrive to inbox. Yes, I do receive monthly investor update in my inbox, no problem with these.
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Post by df on Sept 21, 2019 18:14:07 GMT
I'm staying put for now, but having thoughts of partial of even full withdrawal more and more often. Management engagement was full on at the beginning, but hardly anything in that field since April this year. My main worry is lack of borrowing. It feels like the loan chunks I'm getting are mainly due to others withdrawing their funds. It has been asked on this board in the past - where do WLU advertise their product? Don't seem to appear on google search for pay day loans.... and of course "self-borrowing" raises concern (quick fix of the pool overflow doesn't sound like a long term solution). , zlb , Ace and all, we have made significant improvements and updates over the past few weeks and months. Some of the improvements are obvious (like our new website) and some are in our tech infrastructure and marketing channels (less obvious). These updates and improvements are done based on our learnings from our first year of operation and will mean that Fund Ourselves will be a lot more efficient, scalable and sustainable moving forward. We are almost done and once all updates are complete, investors will notice huge improvements. To give you hints, we have rebranded (the obvious one), released a new website (hope you are all using our new website; fundourselves.com/ its a lot better), released an all new decisioning engine fully built in-house and significantly better than its predecessor, updated marketing channels to be more diversified with less dependencies in preparation for growth (in testing - to be released very soon) and will soon be making some other very exciting announcements over the next very few weeks. So please keep an eye on for investor update emails. It is brave to make so many big changes and updates at the same time and at an early stage. But once all updates, new features and improvements are released, Fund Ourselves will be the best marketplace investment platform out there. Hope this gives you some insight on what we are up to. Very exciting times ahead. Your previous great experience will get even better soon. I hope lending will go back to normal soon. It's now been over half a year since lending slumped. My fear is, if it takes much longer you might loose a substantial amount of lenders.
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Mucho P2P
Member of DD Central
Posts: 937
Likes: 1,607
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Post by Mucho P2P on Oct 3, 2019 8:31:51 GMT
df , zlb , Ace and all, we have made significant improvements and updates over the past few weeks and months. Some of the improvements are obvious (like our new website) and some are in our tech infrastructure and marketing channels (less obvious). These updates and improvements are done based on our learnings from our first year of operation and will mean that Fund Ourselves will be a lot more efficient, scalable and sustainable moving forward. We are almost done and once all updates are complete, investors will notice huge improvements. To give you hints, we have rebranded (the obvious one), released a new website (hope you are all using our new website; fundourselves.com/ its a lot better), released an all new decisioning engine fully built in-house and significantly better than its predecessor, updated marketing channels to be more diversified with less dependencies in preparation for growth (in testing - to be released very soon) and will soon be making some other very exciting announcements over the next very few weeks. So please keep an eye on for investor update emails. It is brave to make so many big changes and updates at the same time and at an early stage. But once all updates, new features and improvements are released, Fund Ourselves will be the best marketplace investment platform out there. Hope this gives you some insight on what we are up to. Very exciting times ahead. Your previous great experience will get even better soon. I hope lending will go back to normal soon. It's now been over half a year since lending slumped. My fear is, if it takes much longer you might loose a substantial amount of lenders. I am aware of several lenders totally withdrawing from FO for various reasons. What is surprising, these withdrawals of funds do not seem to have much effect on the remaining loans and their fulfilment/availability for other investors? Surprising, considering the relatively small amount of cumulative loans that FO is managing. If I did not know better (and not being privy to FO back-office workings), I would say that FO might possibly have an issue in on-boarding an adequate number of borrowers to gain critical mass.
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Post by df on Oct 3, 2019 12:51:55 GMT
I hope lending will go back to normal soon. It's now been over half a year since lending slumped. My fear is, if it takes much longer you might loose a substantial amount of lenders. I am aware of several lenders totally withdrawing from FO for various reasons. What is surprising, these withdrawals of funds do not seem to have much effect on the remaining loans and their fulfilment/availability for other investors? Surprising, considering the relatively small amount of cumulative loans that FO is managing. If I did not know better (and not being privy to FO back-office workings), I would say that FO might possibly have an issue in on-boarding an adequate number of borrowers to gain critical mass. I have the same feeling - there are simply not enough borrowers to keep it going. I'm checking the progress of my investments about twice a week - returns on very early investments (Dec17-March18) are getting lent, but the rest are joining the pool. So overall my cash drag is growing. Now there is a referral offer. I'm sure everyone got the e-mail today. Sounds attractive, I could refer my wife and we could earn 10% (+ some more if the money get lent within a year) on 1k between us, but not sure if I want to do it. I don't understand why FO needs more investor's cash at this moment - this whole situation doesn't look healthy to me. There's also a referral offer for introducing new borrowers, but I'm not sure how effective that will be.
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Ukmikk
Member of DD Central
Posts: 441
Likes: 296
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Post by Ukmikk on Oct 3, 2019 17:41:47 GMT
For me, there's an increasing level of smoke and mirrors at FO, and a growing sense of desperation. I would ask lenders who have 'business loans' to FO themselves (oh the irony) to ask themselves what these loans are being used for and what position that puts them in as lenders if things do go south. I am fully out now and relieved to be so. Good luck, genuinely, to all those that remain. I hope it all works out well and I am one day moved to return.
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