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Post by investor01010101 on Mar 31, 2020 18:43:41 GMT
Any loan in default at this time should be targeted for immediate administration. Clearing out the bad loans now instead of funding them through a period of uncertainty is plain RECKLESS. Get back what we can to support the good borrowers.
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p2pfan
Member of DD Central
Full-Time Investor
Posts: 781 
Likes: 889
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Post by p2pfan on Mar 31, 2020 18:55:34 GMT
Any loan in default at this time should be targeted for immediate administration. Clearing out the bad loans now instead of funding them through a period of uncertainty is plain RECKLESS. Get back what we can to support the good borrowers. With the introduction of AC's new fee on top of the fact that putting loans into administration will look negatively in AC's statistics, they are less likely than ever to put loans into administration. AC will drag them out as long as possible, even more so than before. With the new blanket fee AC will make a guaranteed 0.9% fee from lenders on money lent into loans whether the borrowers repay or not. In all fairness to AC it makes little sense to take recently defaulting loans into administration at the current time as many administrators, lawyers, secretaries etc. are not working or in go-slow mode.
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Post by jasonnewman on Mar 31, 2020 19:03:03 GMT
Suggestion to improve investors confidence - Do the opposite of everything AC is doing now.
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