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Post by overthehill on Jan 31, 2024 11:30:22 GMT
Landlordinvest's dashboard should be the minimum standard for all P2P platforms. How many are brave enough ?
A real time status of every loan and its origination information regardless of whether an investor has lent to it or not. Only updates on delinquent loans are restricted.
" Performing – a healthy loan with no issues. All loan payments are up to date. Late – the loan has one or more interest payments which are late. Overdue – there has been a delay of more than a day on the scheduled repayment date of the loan. Default – the loan has been declared as being in default and a recovery process has been initiated. "
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Post by filip on Jan 31, 2024 12:13:24 GMT
Thank you, overthehill.
We have for long provided information which we believe is minimum information that lenders should expect to be able to make informed decision of what they get into.
Many other platforms probably believe that it creates too much risk by being transparent, which of course is not beneficial for them at end (as they probably would prefer lenders who were aware of the risk when they became customers) or their lenders (who only realise health of the loan book and fully understand the risks when it may be too late).
Filip
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