j
Member of DD Central
Penguins are very misunderstood!
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Post by j on Oct 2, 2015 6:10:23 GMT
This is in no way a slight on any platform which ends near the bottom of voting stats. I just wanted to see the perception of who we might think has the best DD, procedures, etc & hence is percieved as the safest possible platform to lend through (losses are always to be expected at some point on each & every platform). I wanted to add PM& THC but thought better keep it pure-ish p2p.
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james
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Post by james on Oct 2, 2015 6:19:56 GMT
You might want to consider adding Zopa given that they are one of the biggest UK players. There's more to safety than due diligence, there's also security, protection funds, debt collection quality and platform risk to factor in. You might consider saying whether you want people to include all of those things in their evaluation or only some subset of them that you specify. You might also want to clarify that you are seeking evaluation of just risk not risk-adjusted return. That is, lowest absolute risk even if it means 0.5% interest rate to get it. No need to wonder about which platform will be bottom, you included Bondora.  |
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SteveT
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Post by SteveT on Oct 2, 2015 6:46:07 GMT
My lowest risk platform (Landbay) isn't listed either.
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webwiz
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Post by webwiz on Oct 2, 2015 7:37:49 GMT
I agree with the points made by James. I have interpreted the question as "which is the lowest risk of having any losses" and the answer IMO is clearly Ratesetter. However that is far from my favourite platform. Sites like SS and MT which pay about 4 times as much interest on short term loans are more attractive to me provided I am well diversified as the extra interest compensates for a degree of higher individual losses.
BTW "i" before "e" except after "c".
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ben
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Post by ben on Oct 2, 2015 7:38:56 GMT
lending works is not listed either
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arbster
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Post by arbster on Oct 2, 2015 7:42:37 GMT
Nor ABLrate. And picking one from that list seems unfair as some I consider to be equally safe. And, finally, I can't quite bring myself to vote in a poll containing such a catastrophic typo.
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Investor
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Post by Investor on Oct 2, 2015 11:04:42 GMT
BTW "i" before "e" except after "c". These rules always seem foriegn to me, after years fiegning surviellance on my nieghbour struggling with thier large wieght, I find rules like this tend to riegn hieniously for me, and niether or or my nieghbour take notice of this viel of lies. Hiegh-ho
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madpierre
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Post by madpierre on Oct 2, 2015 11:48:10 GMT
BTW "i" before "e" except after "c". These rules always seem foriegn to me, after years fiegning surviellance on my nieghbour struggling with thier large wieght, I find rules like this tend to riegn hieniously for me, and niether or or my nieghbour take notice of this viel of lies. Hiegh-ho This does not make sense  Surely it's "niether me or my nieghbour" 
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Post by chielamangus on Oct 2, 2015 12:19:09 GMT
Actually neither ... nor. But we don't come here for good English otherwise we'd get irritated every other minute. It's other people's views, no matter how written. We can't all be literary perfect. More to the point is that the original poll is quite meaningless. Best to delete it!
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sqh
Member of DD Central
Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
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Post by sqh on Oct 2, 2015 12:41:58 GMT
I have some reservations about large provision funds. If there is another banking crisis, the bank holding the provision fund may not get bailed out. That means the provision fund has only £75,000 protection.
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jimbob
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Post by jimbob on Oct 2, 2015 13:25:12 GMT
I have some reservations about large provision funds. If there is another banking crisis, the bank holding the provision fund may not get bailed out. That means the provision fund has only £75,000 protection. Yes, I suppose you're exposed to the credit risk of Barclays, HSBC, Lloyds or whichever bank holds the provision fund.
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oldgrumpy
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Post by oldgrumpy on Oct 2, 2015 13:57:29 GMT
BTW "i" before "e" except after "c". These rules always seem foriegn to me, after years fiegning surviellance on my nieghbour struggling with thier large wieght, I find rules like this tend to riegn hieniously for me, and niether or or my nieghbour take notice of this viel of lies. Hiegh-ho Good to see that madpeirre liked that post!
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madpierre
Member of DD Central
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Post by madpierre on Oct 2, 2015 15:11:27 GMT
I'm no 'old grumpy' |
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Steerpike
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Post by Steerpike on Oct 2, 2015 15:52:15 GMT
D'oh
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stevio
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Post by stevio on Oct 2, 2015 15:57:11 GMT
You ask which is the most secure yet don't consider the loan security!  I would consider asset backed loans million times more secure (chance of returning capital) than somebody's word they will pay you back. |
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I would consider asset backed loans million times more secure (chance of returning capital) than somebody's word they will pay you back.