Although many of us knew that some platforms wouldn't make it in the long run, to see them actually collapsing has been unsettling. Although I am only in four platforms that I consider safe currently, I am slowly drawing down my funds in all of them. The money will be drip fed into trackers funds.
Active with Zopa, RateSetter, Ablrate, and Unbolted. Funds stuck in Funding Secure and MoneyThing. Formerly with Lendy.
I'm an equity investor in AxiaFunder and a minor equity investor in Welendus(FO), Brickowner, Crowdstacker, Proplend, ABLrate, CrowdProperty, Assetz Capital, Elfin Market, Qardus & Loanpad. This time next year I'll be a miwionaire Rodders!
Fiorello: Hey, wait, wait. What does this say here, this thing here? Driftwood: Oh, that? Oh, that's the usual clause that's in every contract. That just says, uh, it says, uh, if any of the parties participating in this contract are shown not to be in their right mind, the entire agreement is automatically nullified. Fiorello: Well, I don't know... Driftwood: It's all right. That's, that's in every contract. That's, that's what they call a sanity clause. Fiorello: Ha-ha-ha-ha-ha! You can't fool me. There ain't no Sanity Clause!
Thincats giving up is the last straw for me, it is now a question of deciding where to invest all the money withdrawn from UK P2P sites, I am beginning to get nervous about Euro sites too, so not just where to invest repayments.