dave4
Member of DD Central
Cynical is a hobby not a lifestyle
Posts: 931
Likes: 527
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Post by dave4 on Aug 19, 2021 9:27:21 GMT
CP new video format. good / bad.
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metoo
Member of DD Central
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Post by metoo on Aug 19, 2021 18:31:49 GMT
Needs the interview. Hopefully just a summer blip.
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m2btj
Member of DD Central
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Post by m2btj on Aug 19, 2021 19:40:43 GMT
I prefer the 10 minute presentation with the borrower interviewed. Listening to the borrower talk about the development is very revealing. The new YT format gives no more than a basic (90 sec) narrative, which is already available further down the page.
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p2pfan
Member of DD Central
Full-Time Investor
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Post by p2pfan on Aug 20, 2021 0:02:13 GMT
Yes, the interview with the borrower is vital. Reveals key insights.
CP already fall way short of every other P2P platform I lend through in terms of the amount of information provided on the borrowers' collateral because they don't publish the Valuation Reports or any other such documentation.
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Post by overthehill on Aug 20, 2021 14:52:18 GMT
Yes, the interview with the borrower is vital. Reveals key insights. CP already fall way short of every other P2P platform I lend through in terms of the amount of information provided on the borrowers' collateral because they don't publish the Valuation Reports or any other such documentation.
I agree. I'm being wary going forward, the lending will inevitably explode and the shareholders will exert more pressure. You can already see the loanbook adding more of these mega developments with possibly an opaque troubled history, at least without time consuming DD.
You can request the valuation document and presumably the legal document from CP before the loan goes live but it is a PITA just like withdrawing money from the ISA account !
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
Posts: 931
Likes: 527
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Post by dave4 on Feb 13, 2023 20:45:42 GMT
We seem to be back to video info, well sort off, less info more entertainment. Is this a sign that cp is trying to keep/ boost its retail lenders ££.
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