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Post by bracknellboy on Apr 7, 2015 8:32:22 GMT
TC -> RS -> FC (declining) -> AC. Then with much smaller/trivial amounts W->MT->FS.
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oldgrumpy
Member of DD Central
Posts: 5,087 
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Post by oldgrumpy on Apr 7, 2015 8:37:42 GMT
RS>W>AC>FC>SS>Z>FK>MT>FS
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jonno
Member of DD Central
nil satis nisi optimum
Posts: 2,808
Likes: 3,242
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Post by jonno on Apr 7, 2015 8:48:17 GMT
SS>AC>FS>W>RS>FC>MT>AB>REB>OTHERS
Getting out of FC as quickly as possible.
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baldpate
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Post by baldpate on Apr 7, 2015 9:23:46 GMT
FC (decreasing) > W > RS > AC = SS > FS + some others.
I'm about to start withdrawing from unsecured lending on FC, and (in 4 months time) I will be out of W. Ask me again in 6 months and I expect AC will be my top platform, particularly if the invoice financing product appears.
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Jaydee
Member of DD Central
Posts: 417
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Post by Jaydee on Apr 7, 2015 9:56:41 GMT
In investment order, Wellesley (60.88%); Saving Stream (28.77%); Funding Secure (4.09%); Funding Circle (2.24%); Funding Knight (0.86%); Funding Empire (1.31%); Ablrate (0.42%); MoneyThing (1.42%)
Chose Wellesley as my first foray into p2p as they seemed the "safest" and I had no experience and had not discovered this forum Invested in the 18 month loan at a decent rate but now unhappy at the drop in rates on offer. Will consider moving my money at maturity. Funding Circle was next but I have become disillusioned with the low rates compared to other platforms. Saving Stream became my 3rd choice and the ease of use with good rates and apparent good security led me to use this as my platform of choice for additional investments. However I have become increasingly concerned with the higher level of loans and what I believe to be riskier areas they are now extending into. Will continue to use them in the short term, investing in the lower value loans and hope they get the "Trust" up and running soon. Like many others the 13% offered by Funding Secure drew me in. However I have been caught by the latest 2 "late" loan repayments and I am due another 2 repayments today. In hindsight ( a wonderful tool my wife uses frequently) I should not have gambled my money on items such as Australian paintings or Italian books, which could be problematic at sale time if the need arises. I will continue to use FS but only for gold or the more usual items such as vintage cars. Got some decent rates on Funding Knight but after the first 2 loans have not put any more in. My initial loans in Funding Empire pay around 13.5% and I like the platform with regular payments and no issues to date. The recent introduction of secured loans is tempting me and may be a home for my FC and FS cash as it becomes available. Ablrate looked a good platform but the promised deal flow hasn't appeared. Like many others on this forum I was attracted to MoneyThing by it's simplicity, customer friendly approach and level of security. This will definately be a home for some of my funds as they are released fro FS and FC
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webwiz
Posts: 1,133
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Post by webwiz on Apr 7, 2015 10:12:15 GMT
Most in Wellesley as they used to offer the best risk:reward ratio for me, but they won't get any more money unless their rates improve (just get back to where they were). Zopa also running down. SS remaining steady, too risky for a substantial proportion but I like the rate and the SM. RS steady, boring but relatively safe. MT increasing as fast as their loanbook and investment limits will allow. PM slowly increasing. Abl stalled at a lowish level, ditto Archy.
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spockie
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Post by spockie on Apr 7, 2015 10:14:26 GMT
AC>FS>SS>RS>W>MT
Expect to increase: AC, FS, SS, MT (massively), RS (slightly)
Expect to decrease: W due to falling rates. Not added any for a long time.
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Post by meledor on Apr 7, 2015 10:41:13 GMT
The majority of my P2P is with Ablrate with small amounts in Saving Stream and Assetz. I would put a bit more into SS if it were true P2P - I am not keen on the platform risk together with the absence of recent financial information, but would not want too much in bridging loans in any case, a lot of loans seem to get snapped up without much thought for the high degree of re-financing risk. Similarly AC currently seems to have a lot of loans where the borrower has poor credit history - for instance the borrower is refinancing part of an existing bank loan and the bank has agreed to write off the remainder. On the whole neither SS or AC have the loan quality in terms of risk/reward that is available on Ablrate, lending secured on solid income producing assets such as aircraft - albeit the deal flow there needs to be higher than it has been. I'm still on the lookout for other platforms but I'm not interested in unsecured or glorified pawnbroking.
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Post by uncletone on Apr 7, 2015 10:48:33 GMT
See? One-man war. <sigh>  |
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Post by davee39 on Apr 7, 2015 11:25:34 GMT
See? One-man war. <sigh> Ratesetter way out in front followed by Zopa. Funding Circle (Currently Third) has ended up as a disappointment with dropping rates and increasing defaults, withdrawn funds heading to Assetz , where I am looking forward to a step up in deal flow. I am not exited by the rest, and where I have dabbled the funds are being withdrawn. (post certified acronym free).
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Post by lynnanthony on Apr 7, 2015 11:26:09 GMT
TC gets most of mine, due to the number and sheer variety of loans coming through. Even if I reject a lot of them there is still enough to keep me interested. I had planned to equal out with AZ and would still like to but so far the throughput hasn't happened and of what there is I reject a lot. Beyond that a little in SS but I can't be doing with too many platforms.
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markr
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Post by markr on Apr 7, 2015 12:22:54 GMT
RS>FC>W>Z>AC>ReBS>SS Plus my toe dip into QuidCycle
Bucking the forum trend, the only platform I've added funds to this year is FC, where I'm cashback flipping while waiting for better things elsewhere.
AFATA, uncletone.
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JamesFrance
Member of DD Central
Port Grimaud 1974
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Post by JamesFrance on Apr 7, 2015 13:01:49 GMT
Not being UK resident I am restricted to British platforms which can be bothered to do id checks for foreign investors. The European ones are available in English.
As we don't seem to be using full names some of mine may be unfamiliar, but in size order they are:
iP(B) then AC then TC then SS then M then O and lastly MT which is recent so will probably move up the order.
The first one needs plenty of attention and considerable caution at the moment, until the latest system is proven.
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smee
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Post by smee on Apr 7, 2015 13:31:04 GMT
LI > RS > FS > W > AC > FC
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unmadem
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Post by unmadem on Apr 7, 2015 13:50:40 GMT
Assetz (around 60%) > Funding Circle > Saving stream > Ablrate
Assetz - would have more but severely constrained by lack of new loans Funding circle - decreasing Saving Stream - have stopped lending more until their structure changes. Will probably double the amount when this is done though sorry they lost the boaty loans (added some variety/interest) Ablrate - would have more if only they had a decent pipeline of new loans. Will see what their new site brings.
Interesting thread. Will be good to rerun it in 6 months or annually
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