JamesFrance
Member of DD Central
Port Grimaud 1974
Posts: 1,323 
Likes: 897
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Post by JamesFrance on Feb 9, 2016 9:16:04 GMT
My concern is with sites that are not transparent and make open-ended promises. I am much more concerned about platforms which are unprofitable and are burning money at a high rate so have an uncertain continuity, rather than guarantees backed by profitable companies. For example have a look at the loan originators working with Mintos some of which are providing buybacks for their loans. www.mintos.com/en/loan-originators/
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pikestaff
Member of DD Central
Posts: 2,189
Likes: 1,546
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Post by pikestaff on Feb 9, 2016 9:36:31 GMT
I've had a quick look at the FAQ on Mintos. AFAICS the platform itself does not offer a buyback guarantee but some of the originators do. I would be more comfortable with that, subject to DD on the originators.
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Post by many38 on Feb 9, 2016 13:43:48 GMT
It would be interesting to hear everybody’s thoughts on why they chose the platforms that they did. Hopefully it will help others new to the game choose which P2P platform is right for them, and might sway others toward new horizons! 1. Which P2P site(s) do you currently invest in & why? Also what don't you like about the current P2P site(s) that you invest in.2. Which P2P site(s) did you previously invest in & why don't you now?
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Post by many38 on Feb 9, 2016 13:50:50 GMT
Like many of you I am winding down my Fiddling Crackers account. Have been with SS for a year and recently dipped my toes in MT and FS. I don't fancy the FS offering coming tomorrow. Saw a mention of Ablrate somewhere else on the forum. Can anyone with experience tell me whether they have a steady offering of new loans and how liquid is the SM. Also how good is their response to investors' queries.
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SteveT
Member of DD Central
Posts: 6,875
Likes: 7,924
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Post by SteveT on Feb 9, 2016 13:59:21 GMT
Like many of you I am winding down my Fiddling Crackers account. Have been with SS for a year and recently dipped my toes in MT and FS. I don't fancy the FS offering coming tomorrow. Saw a mention of Ablrate somewhere else on the forum. Can anyone with experience tell me whether they have a steady offering of new loans and how liquid is the SM. Also how good is their response to investors' queries. Loans have been intermittent in recent months but the forward prospects sound better. The loans that arrive are generally good ones (the current short term 13% one is excellent). The SM is pretty liquid once you understand how to price loans (% up or down vs par at 100%) to give you a competitive APR. A few niggles still to be ironed out with the new-ish website (web developer let them down badly). Customer service from ablrateandy is excellent!
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Post by many38 on Feb 9, 2016 14:41:44 GMT
Thanks stevet. I'll give it a try.
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Post by many38 on Feb 9, 2016 17:03:28 GMT
Most impressed. 2 hours later I've registered transferred funds and made my first investment AND I received a personal call from Phil - one of the founders. I know you said their customer service was good stevet but I never expected it to be THAT good. I'm on 4 other P2Ps and never had a personal call before!
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Post by ablrateandy on Feb 9, 2016 17:11:45 GMT
Don't get too excited... it was only Phil  Glad that your experience has been positive  |
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bigfoot12
Member of DD Central
Posts: 1,817
Likes: 816
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Post by bigfoot12 on Feb 9, 2016 18:58:01 GMT
Most impressed. 2 hours later I've registered transferred funds and made my first investment AND I received a personal call from Phil - one of the founders. I know you said their customer service was good stevet but I never expected it to be THAT good. I'm on 4 other P2Ps and never had a personal call before! Will it last? Rhydian (RS) phoned me once or twice, and I've certainly spoken to Giles (Zopa) on the phone - at the the dawn of (P2P) time. (It wasn't even called P2P then!)
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Post by ablrateandy on Feb 9, 2016 19:05:14 GMT
We are always available on phone, email, Skype |
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jonah
Member of DD Central
Posts: 2,031
Likes: 1,113
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Post by jonah on Feb 9, 2016 19:21:05 GMT
We are always available on phone, email, Skype Careful with words like 'always'.... someone may take you up on that whilst they are hunting SS SM parts @ 3am or similar and be unhappy if there isn't a response! That said, I agree with the comments on ablrates customer service, it's definitely in the positive end of the spectrum.
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james
Posts: 2,205
Likes: 955
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Post by james on Feb 9, 2016 23:12:56 GMT
We are always available on phone, email, Skype The night workers among us will appreciate the ability to phone you at 3AM...
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Post by ablrateandy on Feb 9, 2016 23:14:52 GMT
Last night I responded to an email at 4am . Ahhhhh the joys of a young family |
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james
Posts: 2,205
Likes: 955
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Post by james on Feb 9, 2016 23:15:45 GMT
Last night I responded to an email at 4am . Ahhhhh the joys of a young family Yes, I noticed you posting here in the early hours and thought you were naughty, sick or had family trouble.
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Post by ablrateandy on Feb 9, 2016 23:19:11 GMT
Insomnia and work. Two deals on my plate and trying to get the marketing spiel correct. Annoyingly they'll both sell in minutes, but I like the information to be well presented when I'm doing quirky transactions. The buzz of a busy office keeps me going. |
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