min
Member of DD Central
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Post by min on Feb 13, 2014 7:49:54 GMT
There are a number of gripes on this forum re FCs poor communications and lack of information. It appears that borrowers suffer too. On a current loan application (boat building) the borrower apologises for not answering a question because FC had not made him aware that he might have to. Then follows a very comprehensive answer.
Surely the whole point of p2p is that potentail lenders can ask questions of borrowers so that they can make informed decisions?
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mikeb
Posts: 1,052
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Post by mikeb on Feb 13, 2014 18:56:06 GMT
There are a number of gripes on this forum re FCs poor communications and lack of information. It appears that borrowers suffer too. On a current loan application (boat building) the borrower apologises for not answering a question because FC had not made him aware that he might have to. Then follows a very comprehensive answer. Surely the whole point of p2p is that potentail lenders can ask questions of borrowers so that they can make informed decisions? One of the companies [4208] was not aware that they were borrowing from a large number of individual savers, and when they found out, discontinued the loan because they did not feel comfortable with this idea. Makes you wonder if the borrower had even heard of Peer2Peer lending. Certainly FC didn't explain to them where the money was coming from. So who know, maybe there are some borrowers reading that might like to say (semi anonymously) whether they are being given the full picture!
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agent69
Member of DD Central
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Post by agent69 on Feb 13, 2014 19:04:59 GMT
There are a number of gripes on this forum re FCs poor communications and lack of information. It appears that borrowers suffer too. On a current loan application (boat building) the borrower apologises for not answering a question because FC had not made him aware that he might have to. Then follows a very comprehensive answer. Surely the whole point of p2p is that potentail lenders can ask questions of borrowers so that they can make informed decisions? I'm surprised that you're surprised
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