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Post by mrclondon on Jan 18, 2014 16:13:36 GMT
Hi, Experienced investor from TC. In TC we have established a tradition of Crowd Due Diligence to tease out stories and numbers from borrowers/sponsors. We all find this helpful and have come to value each other in this respect. On the fishy thread elsewhere, it was put forward that if lenders do not like an offering, they should keep quiet and move on. This sentiment seemed to be supported by the MD of AC. I also notice that many questions, never get an answer on AC's Q/A. Are Lenders really expected to keep their questions private or unanswered? Between this forum and the Q&A I feel the crowd due dilligence of AC loans is as effective as on TC (forums x 2 plus Q&A). I'm a lender on both platforms as well as most other P2x platforms. No one is suggesting that questions should be kept quiet, but on all platforms the extent to which questions are answered is at the discretion of the borrower / platform / sponsor. Unanswered questions are every bit as valuable as answered questions, and it is simply unrealistic to expect all questions will be fully answered. It is up to each lender to review the results of the crowd due dilligence and invest or move swiftly on as he/she thinks best.
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j
Member of DD Central
Penguins are very misunderstood!
Posts: 2,188 
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Post by j on Jan 18, 2014 16:41:11 GMT
Can't speak much about TC as I don't have much experience of investing with them. However, having used a few other platforms, I - and that's only my personal opinion, AC are one of the more transparent & proactive p2p lenders. Some Qs will remain unanswered sometimes for various reasons & you cannot say much else apart from 'if it makes you uncomfortable, don't invest in that loan'.
For what it's worth to AC lenders, I think we have a nice community feel of both banter & serious discussion, on this board & on AC's Q & A board. All imho!
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Post by batchoy on Jan 18, 2014 17:37:08 GMT
On the fishy thread elsewhere, it was put forward that if lenders do not like an offering, they should keep quiet and move on. This sentiment seemed to be supported by the MD of AC. I also notice that many questions, never get an answer on AC's Q/A. The issue with the fishy thread was that it got overheated and overly personal naming and blaming AC staff, so it is probably the exception rather than the rule when it comes to Crowd DD.
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merlin
Minor shareholder in Assetz and many other companies.
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Post by merlin on Jan 18, 2014 18:04:36 GMT
I'm quite happy with the crowd input on AC in IMHO but yes occasionally a bit disappointed by some questions not getting fully answered. However the quality of the questioning has been good, so good in fact that at least two potential loans got pulled at an early stage. This has come about as a result of either local knowledge provided by potential lenders or something comes to light as a result of a lenders question of which AC could not have had previous knowledge. Regarding the Fishy One I think more information has yet to come to light but I may be wrong.
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Post by bracknellboy on Jan 18, 2014 22:08:00 GMT
....This sentiment seemed to be supported by the MD of AC.... I don't think that is actually true/fair. On the face of it questions and critique were "welcomed": I would say that it was other matters that were objected to.
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Post by andrewholgate on Jan 20, 2014 9:11:25 GMT
I do not object to critique from the crowd. Far from it, we actually welcome it as it enhances the credit process. What I objected to was the abusive nature of some of the comments.
in regards to the Q&A, a process was put in place that should answer all questions. I will be reviewing this.
A
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