Post by stevio on Feb 21, 2023 14:05:15 GMT
I was wondering others thoughts on the reasons why the returns from P2P have been so low?
to kick things off, here are some of the reasons I believe for the extensive losses:
- BORROWERS - Start ups, extremely small companies, UK based, Covid affected sectors (Hotels, holiday parks, gyms, pubs, restaurants, new houses)
- ADMINISTRATION - Borrowers & platforms, majority of platforms in administration which makes majority of P2P in administration, administration costs, time, other creditors of business
- LOANS - Not a share in business, but a loan to business
- REGULATION - not FCA registered from beginning, lacking FCA compensation
- SECURITY - over valued, lack of security, fraudulent claims
- FRAUD - Borrowers and Platforms
to kick things off, here are some of the reasons I believe for the extensive losses:
- BORROWERS - Start ups, extremely small companies, UK based, Covid affected sectors (Hotels, holiday parks, gyms, pubs, restaurants, new houses)
- ADMINISTRATION - Borrowers & platforms, majority of platforms in administration which makes majority of P2P in administration, administration costs, time, other creditors of business
- LOANS - Not a share in business, but a loan to business
- REGULATION - not FCA registered from beginning, lacking FCA compensation
- SECURITY - over valued, lack of security, fraudulent claims
- FRAUD - Borrowers and Platforms