littleoldlady
Member of DD Central
Running down all platforms due to age
Posts: 3,007
Likes: 1,829
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Post by littleoldlady on May 15, 2022 17:16:09 GMT
AFAICS they sold the remaining loans at close to par. All the 4 accounts that I manage have repaid roughly what was outstanding. A great result IMO.
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littleoldlady
Member of DD Central
Running down all platforms due to age
Posts: 3,007
Likes: 1,829
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Post by littleoldlady on May 17, 2022 6:29:01 GMT
What is more there is a mountain of data available on the site about the loan book and a detailed explanation of each capital loss. My only niggle is that you have to dig a bit to find it - but it's there. An exemplary example of how to wind down a platform. I am sorry to see them go.
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iren
Member of DD Central
Posts: 302
Likes: 300
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Post by iren on May 19, 2022 12:07:17 GMT
Yes, investing on this site was a success for me. The fact Octopus cancelled their own fees and allowed us to receive the full rate on loans from the point they announced the suspension of the site, overcame the very small capital loss I made. It’s a pity Octopus have withdrawn from the P2P market.
Nevertheless, with Octopus having made the decision to close, I’m glad that my account will now be closed, as a collection of accounts on multiple platforms that contain only the dregs of suspended loans is one of the hazards of P2P.
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