Greenwood2
Member of DD Central
Posts: 4,243
Likes: 2,686
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Post by Greenwood2 on Jun 18, 2022 11:59:41 GMT
The website is up and running and taking orders. I'm expecting an update soon. Maybe they just take payments and don't deliver...
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
Posts: 1,001
Likes: 570
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Post by dave4 on Jun 18, 2022 21:20:14 GMT
The website is up and running and taking orders. I'm expecting an update soon. Maybe they just take payments and don't deliver... Trustpilot some of there latest reviews don.t read well and there facebook is very quiet? maybe there just to busy....
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trium
Member of DD Central
Posts: 379
Likes: 298
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Post by trium on Jun 22, 2022 16:47:30 GMT
Not looking good from today's update. Only my 3rd loan so breakeven unattainable if no more recoveries.
I may be wrong but I have always believed that loans that go belly up this early amount to deliberate fraud
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Greenwood2
Member of DD Central
Posts: 4,243
Likes: 2,686
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Post by Greenwood2 on Jun 22, 2022 17:27:15 GMT
Not looking good from today's update. Only my 3rd loan so breakeven unattainable if no more recoveries. I may be wrong but I have always believed that loans that go belly up this early amount to deliberate fraud Left it quite a while to try Q and now wish I hadn't bothered, just glad I didn't go in heavy to get to the £10,000 + perks.
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Post by df on Jun 22, 2022 17:31:38 GMT
Not looking good from today's update. Only my 3rd loan so breakeven unattainable if no more recoveries. I may be wrong but I have always believed that loans that go belly up this early amount to deliberate fraudI recall that was the case with few loans on FC and the one on Rebs didn't even make the first payment... The difference is that on FC one could diversify across 1000 loans - only a handful of loans on Q. One failed loan is a serious damage for the portfolio.
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
Posts: 1,001
Likes: 570
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Post by dave4 on Jun 22, 2022 18:22:19 GMT
Not looking good from today's update. Only my 3rd loan so breakeven unattainable if no more recoveries. I may be wrong but I have always believed that loans that go belly up this early amount to deliberate fraudI recall that was the case with few loans on FC and the one on Rebs didn't even make the first payment... The difference is that on FC one could diversify across 1000 loans - only a handful of loans on Q. One failed loan is a serious damage for the portfolio. Agreed this is not looking ideal, a borrower defaulting so early on in a loan is very very "dubious" and a blow to confidence in the platform "which im sure Q is acutely aware" and will be keen to address. On the plus side Prompt action by Q, and good communication so far. See how it pans out..
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firedog
Member of DD Central
Posts: 301
Likes: 380
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Post by firedog on Jun 22, 2022 20:18:55 GMT
I recall that was the case with few loans on FC and the one on Rebs didn't even make the first payment... The difference is that on FC one could diversify across 1000 loans - only a handful of loans on Q. One failed loan is a serious damage for the portfolio. Agreed this is not looking ideal, a borrower defaulting so early on in a loan is very very "dubious" and a blow to confidence in the platform "which im sure Q is acutely aware" and will be keen to address. On the plus side Prompt action by Q, and good communication so far. See how it pans out.. Yes, it's an interesting situation. A lender defaulting almost immediately calls into question Quardus's quality control. Equally, if they address this quickly (and successfully), perhaps Q will come out of it looking ok.
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Greenwood2
Member of DD Central
Posts: 4,243
Likes: 2,686
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Post by Greenwood2 on Jun 23, 2022 10:46:32 GMT
Agreed this is not looking ideal, a borrower defaulting so early on in a loan is very very "dubious" and a blow to confidence in the platform "which im sure Q is acutely aware" and will be keen to address. On the plus side Prompt action by Q, and good communication so far. See how it pans out.. Yes, it's an interesting situation. A lender defaulting almost immediately calls into question Quardus's quality control. Equally, if they address this quickly (and successfully), perhaps Q will come out of it looking ok. I guess we will find out how ethical Q is, perhaps they will pay lenders back if this was a fraudulent loan.
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littleoldlady
Member of DD Central
Running down all platforms due to age
Posts: 3,017
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Post by littleoldlady on Jun 23, 2022 15:01:05 GMT
M seemed to be a thriving business. Hopefully it is just a cash flow issue and not fraud. Patience is required.
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Greenwood2
Member of DD Central
Posts: 4,243
Likes: 2,686
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Post by Greenwood2 on Jun 23, 2022 15:30:48 GMT
M seemed to be a thriving business. Hopefully it is just a cash flow issue and not fraud. Patience is required. Just tried to access their web site and malwarebytes browser guard blocked it due to a trojan... So I don't think I'll check it out after all (May be a false positive, but not going to risk it).
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huxs
Member of DD Central
Posts: 300
Likes: 218
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Post by huxs on Jul 1, 2022 10:28:25 GMT
Just received a payment so hopefully all sorted and back on track ?
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mcfc
I’m invested in Qardus, Loanpad, Proplend, and Crowproperty
Posts: 91
Likes: 62
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Post by mcfc on Jul 1, 2022 10:32:25 GMT
Just received a payment so hopefully all sorted and back on track ? Me too… Better late than never, let’s all just hope that the repayments are now continued on a regular basis. Well done Qardus for the resolution.
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Post by df on Jul 1, 2022 16:44:09 GMT
Just received a payment so hopefully all sorted and back on track ? It came as a surprise to me. I expected the worst case scenario. No explanation of what happened though, but I hope this loan is back on track.
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Greenwood2
Member of DD Central
Posts: 4,243
Likes: 2,686
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Post by Greenwood2 on Jul 1, 2022 17:23:03 GMT
Just received a payment so hopefully all sorted and back on track ? It came as a surprise to me. I expected the worst case scenario. No explanation of what happened though, but I hope this loan is back on track. Often a late payment may be the first sign of a default, but since there is no way out we just hope.
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Post by Ace on Jul 1, 2022 17:26:41 GMT
Just received a payment so hopefully all sorted and back on track ? It came as a surprise to me. I expected the worst case scenario. No explanation of what happened though, but I hope this loan is back on track. Not exactly back on track. The next payment is due now.
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