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Post by overthehill on Mar 19, 2023 19:25:26 GMT
website design either attracts or repels people.
Their new website is a retro presentation html v1.0 horror labyrinth. It reminds me of the early days of the internet and pre-desktop publishing. It should really come with a health warning or a self-certified computer user questionaire.
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Post by overthehill on Jun 17, 2023 18:57:34 GMT
Lande seems to have dropped off 4thway's PLUS rating table, whoops. It also seems smaller than I remember, down to 10 PLUS + 1 ALT rating.
edit: so has Landlordinvest. What's going on ?
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Post by Ace on Jun 17, 2023 22:27:57 GMT
Lande seems to have dropped off 4thway's PLUS rating table, whoops. It also seems smaller than I remember, down to 10 PLUS + 1 ALT rating.
edit: so has Landlordinvest. What's going on ?
See here for comment on Lande: www.4thway.co.uk/candid-opinion/brief-update-on-lande/.
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Post by filip1 on Jun 18, 2023 7:34:52 GMT
Our rating was removed without them telling us anything or requesting any information.
Their motivation was that we didn't provide them with data (which is difficult to do when not requested).
The real reason could be that we never paid to be on that table but I cannot know for sure.
They did make a feeble attempt to request data once I personally questioned their approach, but we did not want to have anything to do with them after the above experience, so we asked them to remove us entirely from their table (rated or unrated).
It is similar to the approach that got all the real rating agencies in trouble after the mortgage crisis in 2008 so we don't want to have anything to do with it or share their ethos on this matter. But in fairness, they have to be paid somehow to cover their costs so it is a difficult balance for them.
Some people and companies you just cannot buy, but there are plenty of those happy to pay for it. On the bright side, we might have been the only company that was awarded the highest rating without paying for it (only 4ThWay knows).
Filip
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Post by overthehill on Nov 25, 2023 10:03:29 GMT
4thway have a foothold in this parallel funding that investors know little about. I've instinctively trusted 4thway from the first time I came across it and by only investing in P2P companies with one of their ratings they have indirectly kept me away from the fraud and negligence. I've lost money with fundingsecure, archover and will lose money with ablrate none of which were rated by 4thway.
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1st Special Deal For HNW Investors Is Done!
It’s already begun: in less than one month, we’ve got our first deal with a major P2P lending platform to boost returns for wealthy investors, who fulfil a vital function to make P2P lending work properly – merely by lending in the same loans as everyone else.
The more the merrier: if you are a high-net-worth investor, read how you can join in with our collective and earn more on the loans you're in.
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Post by Ace on Nov 25, 2023 10:22:11 GMT
4thway have a foothold in this parallel funding that investors know little about. I've instinctively trusted 4thway from the first time I came across it and by only investing in P2P companies with one of their ratings they have indirectly kept me away from the fraud and negligence. I've lost money with fundingsecure and will lose money with ablrate neither of which were listed by 4thway. Archover is the only company that I've lost money and may have been rated (not sure). If I had invested longer with more loans I may have eeked out a small profit but who knows.
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1st Special Deal For HNW Investors Is Done!
It’s already begun: in less than one month, we’ve got our first deal with a major P2P lending platform to boost returns for wealthy investors, who fulfil a vital function to make P2P lending work properly – merely by lending in the same loans as everyone else.
The more the merrier: if you are a high-net-worth investor, read how you can join in with our collective and earn more on the loans you're in.
I'm not HNW enough, but would be interested to know what the actual deal is, or which platforms, if anyone is willing to spill the beans.
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Post by overthehill on Nov 25, 2023 10:42:22 GMT
4thway have a foothold in this parallel funding that investors know little about. I've instinctively trusted 4thway from the first time I came across it and by only investing in P2P companies with one of their ratings they have indirectly kept me away from the fraud and negligence. I've lost money with fundingsecure,archover and will lose money with ablrate none of which were rated by 4thway.
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1st Special Deal For HNW Investors Is Done!
It’s already begun: in less than one month, we’ve got our first deal with a major P2P lending platform to boost returns for wealthy investors, who fulfil a vital function to make P2P lending work properly – merely by lending in the same loans as everyone else.
The more the merrier: if you are a high-net-worth investor, read how you can join in with our collective and earn more on the loans you're in.
I'm not HNW enough, but would be interested to know what the actual deal is, or which platforms, if anyone is willing to spill the beans.
It'll cost you 100k to find out or 5 folk2folk loan buy-ins (other 4thway article lists somo, folk2folk and kuflink as the best 3 p2p companies for financial health)
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iRobot
Member of DD Central
Posts: 1,657
Likes: 2,450
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Post by iRobot on Nov 25, 2023 14:18:42 GMT
Not interested from a participation perspective, but I wonder how it affects 4th Way's statements around: " We are staunchly independent... " - can that still whole-heartedly be the case when there are commercial relationships in place? " We are democratically governed by our users – people such as yourselves – who ensure our number one aim: absolute trustworthiness." - will some be blessed with a higher degree of 'democracy' than others? Also, does BGSL Ltd (the legal entity behind 4th way) need to have FCA approval for their involvement or are they able to keep things at 'arms-length' and operate it as an unregulated activity?
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billt
Posts: 90
Likes: 67
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Post by billt on Nov 25, 2023 17:33:46 GMT
Would have been interested had they replied to my previous emails voicing concerns about HNW investing, when people can’t be bothered replying I always walk away.
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Post by overthehill on Nov 25, 2023 18:09:13 GMT
Just noticed Unbolted review was added in September, not quite enough data to get a rating.
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Post by Ace on Nov 25, 2023 18:10:48 GMT
Would have been interested had they replied to my previous emails voicing concerns about HNW investing, when people can’t be bothered replying I always walk away. I glad I'm not the only one. I've sent several emails that have been ignored by 4thWay.
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Post by overthehill on Nov 25, 2023 18:12:13 GMT
Would have been interested had they replied to my previous emails voicing concerns about HNW investing, when people can’t be bothered replying I always walk away.
Very odd ?
Wouldn't surprise if it didn't reach its intended destination. I don't seem get all the emails now but 4thway are not alone there.
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Post by Ace on Nov 27, 2023 8:55:11 GMT
I wonder if 4thWay's recent praise for SoMo is a clue to the first platform in their new HNW club 🤔. Perhaps just an automatic membership to SoMo's special members club.
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benaj
Member of DD Central
Posts: 4,884
Likes: 1,603
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Post by benaj on Nov 27, 2023 9:05:24 GMT
Here’s the thing, 4thWay is probably the only rating agency for peer2peer lending, but how often do they get adequate data to ensure their rating is up to date like Fitch, Experian etc?
The UK must have a great number of p2p platforms since so many of them are rated “exceptional” and yet 4thway claims their excellent 100% record.
After years of my many mistakes and learning, I only realised their rating has nothing to with user experience. It seems researchers don’t invest in their rated platforms much and never give pictures of what “real” return of rated platforms look like.
At least one of their contributors Mark is not shy bashing a platform they have no direct relationship. 🤣
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