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Post by Badly Drawn Stickman on Mar 31, 2022 18:20:43 GMT
I REALLY think CP should have told us when they did this. It doesn’t improve their publicised mantra of openness / transparency with lenders. I wouldn’t want too much of this before I reviewed any future loans on CP. Ditto to the above. Also i am now wondering about other (i am yet to be informed of) decisions on loans CP have made. I feel slowly CP is going down the (just give us your money we know whats best, don't worry your pretty little head its only details) rout. They may be right . Not sure if the timeline matches, but if it is institutional money providing the 2nd charge, I have no problem with it. Clearly if we were funding it there would be a need to know, if not it is mostly protecting our investments by allowing completion of projects.
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
Posts: 998
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Post by dave4 on Mar 31, 2022 19:17:03 GMT
CP capital launch may explain some of this?
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Post by overthehill on Mar 31, 2022 19:31:56 GMT
I REALLY think CP should have told us when they did this. It doesn’t improve their publicised mantra of openness / transparency with lenders. I wouldn’t want too much of this before I reviewed any future loans on CP.
Took me minute to figure out what I was reading. I'm not critical at all as the alternatives are not great! It's good that they have this in the locker and also a mystery 2nd charge funder. It also said at least 2 directors lent as well. Unlikely to see these borrowers again despite covid excuses. Crowdproperty are desperate to keep their 100% record as they should be, that is marketing Gold.
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Post by overthehill on Mar 31, 2022 19:40:02 GMT
CP capital launch may explain some of this?
bang on.
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
Posts: 998
Likes: 569
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Post by dave4 on Mar 31, 2022 19:58:49 GMT
CP capital launch may explain some of this?
bang on.
May need a new thread (admin away someone) www.cpcapital.com/
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Post by overthehill on Apr 28, 2022 9:53:13 GMT
Receivers brought in for a property in a region that has been on my provisional -now confirmed- blacklist of areas for a while. An area which had many FS abominations.
The Co* Do*.
It's a strange one but rather ominous, unlent funds but borrower has gone off-air.
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Post by overthehill on Jul 16, 2022 12:35:40 GMT
I've noticed only 71k has been repaid over the last 3 weeks , must be a record, something to keep an eye on !
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Post by Ace on Jul 16, 2022 13:14:00 GMT
I've noticed only 71k has been repaid over the last 3 weeks , must be a record, something to keep an eye on ! Yes, worth keeping an eye on, but I'm not particularly concerned. Stats on loans over 6 months late have been static at 7 loans for quite a while now, despite rapidly growing loanbook. My accounts have also been fairly static at roughly 18% late by value. Lack of recent capital repayments might be contributing to the rapidly declining number of lenders per loan.
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littleoldlady
Member of DD Central
Running down all platforms due to age
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Post by littleoldlady on Jul 16, 2022 14:49:55 GMT
I've noticed only 71k has been repaid over the last 3 weeks , must be a record, something to keep an eye on ! I have made a lot of money out of p2p by bailing out at the first sign of trouble, including L, C, and MT. There have been a few where I could have made more money by staying in longer but they went under eventually, and there are a few where I could have made more money and the platform is still afloat. That's 30 platforms in total, with so far only one showing a small loss which is <1% of total interest earned. So yes I could have skated on thin ice for longer, but I am happy with my strategy overall. I am left with modest amounts in 3 platforms and a total loss on everything would only reduce my net earnings by <20%. But past performance is no guide to the future so please choose your own investment strategy. Not everyone is as risk averse as me.
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Post by overthehill on Aug 19, 2022 14:23:47 GMT
"Three more projects funded by @crowdproperty this week, with a total GDV of over £8m."
Sounds so much better and more impressive as a click bait than 'funded £1.05m of loans'.
Just based on the weekly emails the outstanding/late/default loans must still be growing. It's about time they released the whole loan book status like Somo, that is true transparency which builds trust, you can even see the updates.
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littleoldlady
Member of DD Central
Running down all platforms due to age
Posts: 3,017
Likes: 1,835
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Post by littleoldlady on Aug 19, 2022 14:34:43 GMT
Just based on the weekly emails the outstanding/late/default loans must still be growing. It's about time they released the whole loan book status like Somo, that is true transparency which builds trust, you can even see the updates.
Dream on.
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