Post by bababill on Oct 20, 2015 8:22:42 GMT
Yes, it was Lendinvest where I had the loan in question. To be fair it was an entirely proper impairment case, the borrower wanted a couple month extension for some reason which did sound reasonable. I did tell Lendinvest I did not mind the extension but if I did can I 'argue' the same. That is when they said no I have no influence in the matter. In the end the borrower still didn't pay and Lendinvest then bought back the loan i.e. returned all investors money and created a 'new' 12 month loan.
Yes one of the co-founders was a solicitor at Clifford Chance but what I don't understand is why he doesn't have any share ownership in the company. Any ideas?
Your right Proplend doesn't prefund the loans but they do have a method to ensure all loans are filled. It does seem to me that Proplend is more of a true P2P then Lendinvest and therefore safer in terms of platform risk.
Yes one of the co-founders was a solicitor at Clifford Chance but what I don't understand is why he doesn't have any share ownership in the company. Any ideas?
Your right Proplend doesn't prefund the loans but they do have a method to ensure all loans are filled. It does seem to me that Proplend is more of a true P2P then Lendinvest and therefore safer in terms of platform risk.
