Ukmikk
Member of DD Central
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Post by Ukmikk on Nov 17, 2020 11:30:11 GMT
I have avoided investing in this one, largely due to the insights gained here. Thanks.
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ton27
Member of DD Central
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Post by ton27 on Nov 17, 2020 12:42:34 GMT
Seems to be going much more slowly than other recent launches, although it's a sizeable loan. Reassuring in a way: CrowdProperty does encourage us to do our own due diligence after all! Yes - 94% full at the time of posting. I opted for a small amount in Autolend and got 100% which has never happened (for me) before. it will be interesting to see how this one works out.
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Post by overthehill on Nov 17, 2020 13:14:53 GMT
It's good to hear that the warnings had an effect on the autolend as well, there must be a lot of CP investors in this forum. I'm expecting the %FULL rate to drop down a few times as others get wind and ask CP to withdraw their pledge. CP know what they are doing , but they should have washed their hands of it, they don't need it, sends out the wrong message, bad for business, more downside than upside potential.
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Ukmikk
Member of DD Central
Posts: 445
Likes: 298
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Post by Ukmikk on Nov 17, 2020 13:39:25 GMT
It's good to hear that the warnings had an effect on the autolend as well, there must be a lot of CP investors in this forum. I'm expecting the %FULL rate to drop down a few times as others get wind and ask CP to withdraw their pledge. CP know what they are doing , but they should have washed their hands of it, they don't need it, sends out the wrong message, bad for business, more downside than upside potential.
I agree, even if CP believe that they can see it through this time, I don't think the borrower's previous shenanegins and subsequent losses inflicted on previous investors warrants opening the door to them. Disappointing from CP, I clearly need to watch them more closely than I have been.
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firedog
Member of DD Central
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Post by firedog on Nov 17, 2020 13:59:22 GMT
You could argue that it's a feather in CP's cap if they make it work.
But to me it's a reminder that P2P isn't just about a straight balancing of risk and reward to make money.
There's also – or there should be – a moral element to investment; on the face of it picking up someone else's loan after P2P investors had been shafted fails that test.
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Post by overthehill on Nov 17, 2020 14:24:55 GMT
"abergele" loan < 1 week using duckduckgo returns this thread in the first page.
The same search in the mighty Google and pages and pages of links nothing to do with loans! You need to tell it what site to search... They are coming to get you Google.
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rocky1
Member of DD Central
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Post by rocky1 on Nov 17, 2020 15:03:33 GMT
be careful what you say now folks CP rep is online finding out what the heck is every bodies problem with this loan/borrower.
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mrdc
Member of DD Central
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Post by mrdc on Nov 17, 2020 15:12:36 GMT
be careful what you say now folks CP rep is online finding out what the heck is every bodies problem with this loan/borrower. They should have already known
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alibaba
Member of DD Central
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Post by alibaba on Nov 17, 2020 16:00:13 GMT
Well, this one is certainly taking longer to fill than any other CP loan I've seen of late. My loyalties are sorely divided on this one. On the one hand I think CP are a class act and I want to see them succeed as its good to have a trustworthy place to invest. On the other hand I want to show solidarity with my fellow P2Pers and not support a borrower that has lost many of them money. I suspect the project will end up a success, as CP will do a much better job of monitoring the project than FS did and will takeover if needed. I would have invested if CP had managed to convince me that the borrower was a blameless victim in the FS disaster, but their statements just didn't seem to quite add up. A shame really, as it probably comes down to incomplete information. Totally agree with the above, is it possible to stop a pledge?
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Ace
Member of DD Central
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Post by Ace on Nov 17, 2020 16:01:34 GMT
Yes, you can withdraw a pledge up to 24 hours after pledging.
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
Posts: 931
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Post by dave4 on Nov 17, 2020 16:15:58 GMT
95% pledged as of 16.15 pm. Certainly had some time to think.
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Post by overthehill on Nov 17, 2020 18:04:59 GMT
be careful what you say now folks CP rep is online finding out what the heck is every bodies problem with this loan/borrower. They should have already known I messaged the rep on the 14th nov and they kindly pointed me at the full project information on their website. I took that as No Comment!
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ton27
Member of DD Central
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Post by ton27 on Nov 17, 2020 18:26:51 GMT
I also messaged them and got the same response.
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Post by brummiefred on Nov 17, 2020 19:33:52 GMT
I messaged twice and got no response!!
And now nearly 10hrs later it's still only 95%........is this a first for CP???
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Post by Badly Drawn Stickman on Nov 17, 2020 20:14:30 GMT
I messaged twice and got no response!! And now nearly 10hrs later it's still only 95%........is this a first for CP??? Its all relative 95% for a vaccine gets people really excited. I suspect the dilemma for CP is that people have got used to loans filling quickly so there may well be nobody left to provide the extra 5% (cancellations may be high as well, it not filling may cause some to look a bit closer than usual). Presumably they need to do something before the next loan launches on Thursday or autobid may get confusing if new funds are added (might just be a problem for me, that one).
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