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Post by grumbledore on May 7, 2015 20:16:37 GMT
I've got some money lent through them.
They're still pretty new so their deal flow is quite low at the moment and the auctions tend to run for 3 weeks or so.
In the time I've been with them, they've made various updates to their platform/website which can be a bit of a surprise when you log on and various pages/sections have changed. Some of the changes have been pointless as far as I'm concerned but on the whole they are improvements.
The secondary market isn't up to much as the moment due to, I guess, the low number of registered lenders. Having said that the 1 part I listed some time ago has actually now sold. It's also worth mentioning that a premium/discount can't be added to loan parts on the SM. I'm not sure if there's any plans to change this.
One thing I like is the founders (or at least one of them) is prepared to put his own cash into the auctions. Which is absolutely necessary as they don't yet have the lender base to get the auctions over the line without this help.
The fact that there isn't a huge number of lenders means the rates achievable are much higher than other platforms. For example I've got some loans at 18% on a C+ risk rating (I'd estimate C+ is roughly about a Funding Circle C rating).
What's your thoughts on them?
I think there's a referral bonus available, let me know if you'd like a link.
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Post by elljay on May 10, 2015 11:14:01 GMT
Is there likely to be a Board for them? If there's demand, sure.
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Post by grumbledore on May 11, 2015 19:28:23 GMT
Is there likely to be a Board for them? If there's demand, sure. At the moment they seem to have a pretty small user base. I'd like a Board for them but I suspect it won't get used much (if at all) at the moment.
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bugs4me
Member of DD Central
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Post by bugs4me on May 11, 2015 21:22:48 GMT
At the moment they seem to have a pretty small user base. I'd like a Board for them but I suspect it won't get used much (if at all) at the moment. If they want to get some interest going then with a 1,000 odd members they could do themselves a few favours and pop on here to introduce themselves. Certainly seemed to work for MT but they did have a unique product to offer and were prepared to engage with posters. But if they're just following in the same old footsteps as other minor P2P players then their user base will probably continue to stay small.
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baldpate
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Post by baldpate on May 12, 2015 19:07:55 GMT
... with a 1,000 odd members ... Hi bugs4me, could you tell me where you picked up this membership number? I'm not doubting you, but I recently registered and I haven't yet been able to find any statistics. For the moment, I'm just watching the few live auctions, not participating, and I see only a few dozen active lenders.
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bugs4me
Member of DD Central
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Post by bugs4me on May 12, 2015 19:42:12 GMT
... with a 1,000 odd members ... Hi bugs4me, could you tell me where you picked up this membership number? I'm not doubting you, but I recently registered and I haven't yet been able to find any statistics. For the moment, I'm just watching the few live auctions, not participating, and I see only a few dozen active lenders. Apologies - not clear on my part. The members I was referring to was a quick guess on this indie forum although no doubt a mod/admin will be able to verify. I have no idea how many members Lending Crowd have. I would have thought that any new platform would do well (potentially) to pop on here to introduce themselves.
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on May 12, 2015 20:54:47 GMT
Hi bugs4me, could you tell me where you picked up this membership number? I'm not doubting you, but I recently registered and I haven't yet been able to find any statistics. For the moment, I'm just watching the few live auctions, not participating, and I see only a few dozen active lenders. Apologies - not clear on my part. The members I was referring to was a quick guess on this indie forum although no doubt a mod/admin will be able to verify. bugs. Forum stats are at the bottom of the home page, 940 members, but 1000+ guests in last 24hrs as well
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bugs4me
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Post by bugs4me on May 12, 2015 21:31:32 GMT
Apologies - not clear on my part. The members I was referring to was a quick guess on this indie forum although no doubt a mod/admin will be able to verify. bugs. Forum stats are at the bottom of the home page, 940 members, but 1000+ guests in last 24hrs as well Thanks ilmoro - a good place for a platform to start drumming up support then.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,788
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Post by ilmoro on May 12, 2015 23:41:54 GMT
bugs. Forum stats are at the bottom of the home page, 940 members, but 1000+ guests in last 24hrs as well I make it 941 registered members, maybe we've gained an extra friend? 314 have never made a post, 169 have only made 1 post, 194 made between 2 - 10 posts (started to get bored at that point, but)... interestingly there's exactly 100 that have made 100 posts or more, and mikes1531 is a clear winner of the chatterbox prize with 2691 posts (leaving oldgrumpy a distant second on 1904) Hmmm, Not sure of forum stats accuracy. When I started my reply to bugs it was 939, then it went up to 940 while I was typing now it says 939. Either someone changed their mind or the forum stats algorithm has caught something from AC edit: seems to add one if I open site in second tab, weird!
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,788
Likes: 11,007
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Post by ilmoro on May 12, 2015 23:59:58 GMT
Hmmm, Not sure of forum stats accuracy. When I started my reply to bugs it was 939, then it went up to 940 while I was typing now it says 939. Either someone changed their mind or the forum stats algorithm has caught something from AC edit: seems to add one if I open site in second tab, weird!
So my extra friend might have been me, story of my life No, there is 941 in the full list, so which 2 are classified as 'non-people' and have suffered 'stat redaction'? Edit: (only tab) Back to 940, does this forum also operate on another plane of existance, and the sole member there keeps phasing in & out of our plane?
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mikes1531
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Post by mikes1531 on May 13, 2015 3:57:21 GMT
I make it 941 registered members, maybe we've gained an extra friend? 314 have never made a post, 169 have only made 1 post, 194 made between 2 - 10 posts (started to get bored at that point, but)... interestingly there's exactly 100 that have made 100 posts or more, and mikes1531 is a clear winner of the chatterbox prize with 2691 posts (leaving oldgrumpy a distant second on 1904) Oh dear! I've never looked at those stats, but I was afraid that might be the case. I think I need to get a life. OK. I'm going on holiday next week and you can have the forum to yourselves for a month -- if I can resist the temptation to log in from a phone or tablet!
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oldgrumpy
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Post by oldgrumpy on May 13, 2015 8:26:31 GMT
I make it 941 registered members, maybe we've gained an extra friend? 314 have never made a post, 169 have only made 1 post, 194 made between 2 - 10 posts (started to get bored at that point, but)... interestingly there's exactly 100 that have made 100 posts or more, and mikes1531 is a clear winner of the chatterbox prize with 2691 posts (leaving oldgrumpy a distant second on 1904) Oh dear! I've never looked at those stats, but I was afraid that might be the case. I think I need to get a life. OK. I'm going on holiday next week and you can have the forum to yourselves for a month -- if I can resist the temptation to log in from a phone or tablet! I think I need to get a life.
Exactly my thought when I saw the post! It may seem that I'm on 24/7 but that's not so; the computer is glanced at frequently for brief spells of time during the day while I am doing (or eating) other things (or just pottering) ... or spending time on another (non p2p) site contributing useful photographs. Today it's cutting up felled cypress trees and clearing up the disruption resulting from building work on a new garage. No time today to be grumpy.
Much.
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Investor
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Post by Investor on May 13, 2015 11:35:45 GMT
bugs. Forum stats are at the bottom of the home page, 940 members, but 1000+ guests in last 24hrs as well I make it 941 registered members, maybe we've gained an extra friend? 314 have never made a post, 169 have only made 1 post, 194 made between 2 - 10 posts (started to get bored at that point, but)... interestingly there's exactly 100 that have made 100 posts or more, and mikes1531 is a clear winner of the chatterbox prize with 2691 posts (leaving oldgrumpy a distant second on 1904) The more compelling statistic is that oldgrumpy has 427 likes from his 1,905 posts (22.4%), and mikes1531 has 428 from his 2963 (14.4%). If we moved to a system of proportional representation with likes being given more weight than volume then OG comes away as the clear winner, and Ukip would have come in 3rd place with their 1 seat
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Post by lendingcrowd on May 20, 2015 15:31:39 GMT
Hi bugs4me and everyone, It's LendingCrowd here. Thanks bugs4me for mentioning we should introduce ourselves. One of our investors informed us of your message and the admin kindly created an account for us. For you who don't know what LendingCrowd is, we are a P2P lending company currently focused on SME's who are looking to raise debt funding. Many thanks, LendingCrowd
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kaya
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Post by kaya on May 27, 2015 12:53:16 GMT
This fledgling crowd funder is along the lines of FC/FK type of thing. Probably the loans offered are pretty solid, and are well-backed by an 'in-house' lender? A director? The whole platform is only slowly taking shape, with further improvements in the pipeline no doubt. It could probably do with a premium/discount feature for loan part sales. Nice spread of quite interesting business investments available, though mostly just on the secondary market. Tip - the grammatical errors on your post, LC, do not inspire confidence!
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