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Post by easteregg on Jan 2, 2014 12:18:15 GMT
I spoke with One Stop Funding a while ago and they stated that they had acquired funding for all future loans and therefore were not currently seeking any new lenders. Here is the statement on their website when you login:
One stop funding is no longer offering any loans for sale due to a single, large investor purchasing all our current and future loans. This has no impact at all on existing arrangements, however, if any investor has any query please feel free to contact us at lend@onestopfunding.co.uk.
One stop funding appreciates the support given from all investors, without which the business would not have been able to grow and prosper as it has done.
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mikes1531
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Post by mikes1531 on Jan 2, 2014 21:47:37 GMT
I spoke with One Stop Funding a while ago and they stated that they had acquired funding for all future loans and therefore were not currently seeking any new lenders. Here is the statement on their website when you login:
One stop funding is no longer offering any loans for sale due to a single, large investor purchasing all our current and future loans. This has no impact at all on existing arrangements, however, if any investor has any query please feel free to contact us at lend@onestopfunding.co.uk.
One stop funding appreciates the support given from all investors, without which the business would not have been able to grow and prosper as it has done.
That's interesting, but if that's really the case I don't understand why they haven't said something similar on their website. Even if they want to keep up enthusiasm in case they do manage to lend more than their current investor(s) is/are willing to take, the least they could do is say something to people like me who tried to register on their website. All I've had so far is a 'thank you for your registration' email.
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j
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Penguins are very misunderstood!
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Post by j on Jan 2, 2014 22:24:13 GMT
Don't quote me, but I could have sworn I read somewhere a while ago that they'd been suspended. Maybe that meant that they stopped accepting lenders then. I never pursued them further anyway after reading that.
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andy2001
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Post by andy2001 on Jan 2, 2014 22:40:46 GMT
Don't quote me, but I could have sworn I read somewhere a while ago that they'd been suspended. Maybe that meant that they stopped accepting lenders then. I never pursued them further anyway after reading that. Maybe you read it on the site below. I did mention in this thread that it says here they are suspended. I guess they are correct.
www.p2pmoney.co.uk/companies.htm
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bugs4me
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Post by bugs4me on Jan 2, 2014 22:54:00 GMT
Don't quote me, but I could have sworn I read somewhere a while ago that they'd been suspended. Maybe that meant that they stopped accepting lenders then. I never pursued them further anyway after reading that. Maybe you read it on the site below. I did mention in this thread that it says here they are suspended. I guess they are correct.
www.p2pmoney.co.uk/companies.htm
And still allowing people to register!!! - another mickey mouse two penny website P2P idea. That's why I always try and check the individuals behind the scenes - they sometimes have history elsewhere. To avoid any lawsuits I'm not suggesting that is or was the case with this company.
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mikes1531
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Post by mikes1531 on Jan 3, 2014 18:57:24 GMT
And still allowing people to register!!! I don't think 'suspended' is being used to mean anything negative. I think it just means that OSF have decided they don't need small lenders because they have a HNWI willing to fund all they can lend, so they've stopped re-offering loans via the website. But they are still taking 'registrations', though it's a two-step process (lender provides details, OSF accepts lender and grants website access). I went through the first step in an effort to find out more, and nothing happened except I received an email thanking me for my application and suggesting I should hear from them again in about a day -- which, of course, I never did.
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niceguy37
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Post by niceguy37 on Nov 18, 2014 11:48:25 GMT
I had a number of loans with them, earning a magnificent percentage comfortably over the 15% mentioned. They've been a pleasure to work with, but sadly aren't offering new loans as someone's now bank-rolling the lot (which I guess will save them hassle and overhead of dealing with lots of lenders).
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