registerme
Member of DD Central
Posts: 6,618 
Likes: 6,432
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Survey
Dec 9, 2015 23:20:53 GMT
Post by registerme on Dec 9, 2015 23:20:53 GMT
Did anybody else receive a survey request, and complete it? My answers were.... ambivalent (mainly because of crappy data on a couple of loans and the recent sales cost hike).
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adrianc
Member of DD Central
Posts: 9,978
Likes: 5,131
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Survey
Dec 10, 2015 0:05:51 GMT
Post by adrianc on Dec 10, 2015 0:05:51 GMT
Yes, yes, and yes.
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Survey
Dec 10, 2015 7:59:57 GMT
Post by bonfemme on Dec 10, 2015 7:59:57 GMT
I was quite positive on a couple of answers but extremely negative on the increased loan part sales fee. I still find it unbelievable they have taken this step.
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alanp
Member of DD Central
Posts: 168
Likes: 72
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Survey
Dec 10, 2015 9:12:56 GMT
Post by alanp on Dec 10, 2015 9:12:56 GMT
Overall reasonable website & service but negative on 2nd hand sale price rise.
Given how long it takes for small loans on there to fill and how large a percentage the in-house bidder needs to take bringing in something that will reduce liquidity and discourage new investors, and current investors putting more into the platform, seems rather a bizarre decision.
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kaya
Member of DD Central
Posts: 1,150
Likes: 718
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Survey
Dec 10, 2015 12:37:34 GMT
Post by kaya on Dec 10, 2015 12:37:34 GMT
Personal loan info page is very poor, and I would consider increasing my investment more quickly if the secondary market were more along the lines of elsewhere. That might not suit 'someone' at LC, but may now be essential to grow the platform. I don't have a problem with the loan part sale fee increase per se - it is now just the same as other places - but I do have a problem with being charged a fee and then not being able to cover the fee by a premium. Also, loan parts would be easy to sell if you get a high bid in at the auction - the secondary market is getting a bit stodgy already. If they are going to run the secondary market for the main benefit of just one or two people who want to offload their loans, well that is no way to progress. They need to change, but I think they are stuck in their ways of how they want things to be. Please vote on your preference in the poll.
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Survey
Dec 10, 2015 15:48:44 GMT
Post by Deleted on Dec 10, 2015 15:48:44 GMT
Personal loan info page is very poor, and I would consider increasing my investment more quickly if the secondary market were more along the lines of elsewhere. That might not suit 'someone' at LC, but may now be essential to grow the platform. I don't have a problem with the loan part sale fee increase per se - it is now just the same as other places - but I do have a problem with being charged a fee and then not being able to cover the fee by a premium. Also, loan parts would be easy to sell if you get a high bid in at the auction - the secondary market is getting a bit stodgy already. If they are going to run the secondary market for the main benefit of just one or two people who want to offload their loans, well that is no way to progress. They need to change, but I think they are stuck in their ways of how they want things to be. Please vote on your preference in the poll. The above sentence is factually wrong. The top p2p companies (RS, FC, Zopa, SS) do not have this level of secondary market fees and never had it in their history! SS never even charged anything to use the secondary market, correctly seen as a liquidity pool.
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jonno
Member of DD Central
nil satis nisi optimum
Posts: 2,806
Likes: 3,237
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Survey
Dec 14, 2015 10:45:54 GMT
Post by jonno on Dec 14, 2015 10:45:54 GMT
Personal loan info page is very poor, and I would consider increasing my investment more quickly if the secondary market were more along the lines of elsewhere. That might not suit 'someone' at LC, but may now be essential to grow the platform. I don't have a problem with the loan part sale fee increase per se - it is now just the same as other places - but I do have a problem with being charged a fee and then not being able to cover the fee by a premium. Also, loan parts would be easy to sell if you get a high bid in at the auction - the secondary market is getting a bit stodgy already. If they are going to run the secondary market for the main benefit of just one or two people who want to offload their loans, well that is no way to progress. They need to change, but I think they are stuck in their ways of how they want things to be. Please vote on your preference in the poll. The above sentence is factually wrong. The top p2p companies (RS, FC, Zopa, SS) do not have this level of secondary market fees and never had it in their history! SS never even charged anything to use the secondary market, correctly seen as a liquidity pool. Not strictly true re SS. Interest stops accruing once a loan part is listed for sale and does not accrue to the buyer until purchased leaving a potential charge (gain) to SS. Obviously in the current very liquid market this is not visible but would surface if the SM slowed down. I have lost the odd days interest in the past before the recent surge in liquidity.
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kaya
Member of DD Central
Posts: 1,150
Likes: 718
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Survey
Dec 15, 2015 14:05:15 GMT
Post by kaya on Dec 15, 2015 14:05:15 GMT
Okay, okay, It is now just the same as some other places. The only true relevant comparisons are similar SME platforms, thus FK, FE (started out with SME loans), Rebs, and FC. Only FC has cheaper selling fees, the others all charge the same as LC. Zopa, Ratesetter, SS etc are all quite different set-ups, and so not comparable.
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ablender
Member of DD Central
Posts: 2,204
Likes: 555
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Survey
Dec 15, 2015 14:12:24 GMT
Post by ablender on Dec 15, 2015 14:12:24 GMT
Okay, okay, It is now just the same as some other places. The only true relevant comparisons are similar SME platforms, thus FK, FE (started out with SME loans), Rebs, and FC. Only FC has cheaper selling fees, the others all charge the same as LC. Zopa, Ratesetter, SS etc are all quite different set-ups, and so not comparable. Why is SS not comparable? A SM is a SM when it comes to fees.
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Steerpike
Member of DD Central
Posts: 1,977
Likes: 1,687
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Survey
Dec 15, 2015 14:52:46 GMT
Post by Steerpike on Dec 15, 2015 14:52:46 GMT
Okay, okay, It is now just the same as some other places. The only true relevant comparisons are similar SME platforms, thus FK, FE (started out with SME loans), Rebs, and FC. Only FC has cheaper selling fees, the others all charge the same as LC. Zopa, Ratesetter, SS etc are all quite different set-ups, and so not comparable. Indeed, LC are not so different, and as you say now charge the same as 3 other popular sites. FK was until quite recently 1%, TC is probably more although no one has ever discovered how the SM works, and of course AC makes no charge for SM sales.
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am
Posts: 1,495
Likes: 601
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Survey
Jan 12, 2016 10:59:25 GMT
Post by am on Jan 12, 2016 10:59:25 GMT
Personal loan info page is very poor, and I would consider increasing my investment more quickly if the secondary market were more along the lines of elsewhere. That might not suit 'someone' at LC, but may now be essential to grow the platform. I don't have a problem with the loan part sale fee increase per se - it is now just the same as other places - but I do have a problem with being charged a fee and then not being able to cover the fee by a premium. Also, loan parts would be easy to sell if you get a high bid in at the auction - the secondary market is getting a bit stodgy already. If they are going to run the secondary market for the main benefit of just one or two people who want to offload their loans, well that is no way to progress. They need to change, but I think they are stuck in their ways of how they want things to be. Please vote on your preference in the poll. The above sentence is factually wrong. The top p2p companies (RS, FC, Zopa, SS) do not have this level of secondary market fees and never had it in their history! SS never even charged anything to use the secondary market, correctly seen as a liquidity pool. In the case of RS, there isn't a true secondary market, but the charges for selling loans are generally much higher than at LC.
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