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Post by Collateral Rep on Jun 17, 2016 8:46:01 GMT
Morning,
Well we're very happy to say we've made a small milestone for Collateral. We now have over 200 investors which we are delighted about, so thanks to everyone who has tried out our platform.
Two more loans going live at 10am this morning with another three around 11am!
Many thanks,
Gordon
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on Jun 17, 2016 12:11:01 GMT
Morning, Well we're very happy to say we've made a small milestone for Collateral. We now have over 200 investors which we are delighted about, so thanks to everyone who has tried out our platform. Two more loans going live at 10am this morning with another three around 11am! Many thanks, Gordon Well done, you're making a very promising start and you'll find that early adopters will remain your most loyal supporters as long as you don't abandon us to the deep pocket/ FFF brigade.
By the way, any action over the weekend or can we relax until next week?
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Post by Collateral Rep on Jun 17, 2016 12:50:25 GMT
Thanks jonno , we appreciate your comments. We have a couple of small loans with a value of £1,850 that will go up at 10am Saturday (just to keep things moving), then back on Monday. Thanks again, Gordon |
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littleoldlady
Member of DD Central
Running down all platforms due to age
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Post by littleoldlady on Jun 17, 2016 17:06:29 GMT
That looks like an average of £1000 per investor to me. From my experience of several other platforms it seems that many/most of these investors are in "toe in water" mode and you can expect a substantial increase from these 200 once you have ironed out the glitches. For me the most frustrating thing is that I cannot tell from the available loans list which ones I have already invested in. The My Loans list does not show the loan ID and available loans does not show the amount already invested.
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Post by Collateral Rep on Jun 18, 2016 9:06:23 GMT
Hi littleoldlady, I've asked for this update to be pushed up the list. Many thanks, Gordon |
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spyrogyra
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Post by spyrogyra on Jun 18, 2016 17:22:40 GMT
The "Toe in the water" stage. Yes, but what happens after "toeing"? How's the confidence to be gained crystallizing in investing more than just a small chunk? If I knew two years ago how successful SS would turn to be! So the main question should be how to boost the confidence in the platform. I am wondering how to convince myself that Collateral is here to stay and that their partners are genuine and sound businesses. Sorry to say something like this for probably a well intentional start-up, it may sound a bit harsh, but certainly it might have some bearing with others - who - for now - are just dipping a toe.
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ben
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Post by ben on Jun 18, 2016 17:35:59 GMT
The "Toe in the water" stage. Yes, but what happens after "toeing"? How's the confidence to be gained crystallizing in investing more than just a small chunk? If I knew two years ago how successful SS would turn to be! So the main question should be how to boost the confidence in the platform. I am wondering how to convince myself that Collateral is here to stay and that their partners are genuine and sound businesses. Sorry to say something like this for probably a well intentional start-up, it may sound a bit harsh, but certainly it might have some bearing with others - who - for now - are just dipping a toe. I would guess the toe in the water stage will carry on for a few months until loans get paid back and they can show there business model works.
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spyrogyra
Member of DD Central
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Post by spyrogyra on Jun 18, 2016 17:41:46 GMT
And by then there'll be a £50 limit per loan. Hope they would be putting 2-3 every day.
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Post by loanstar on Jun 18, 2016 20:26:36 GMT
I feel I am a member of a rather exclusive club, with 199 other members. Well done Collateral. Now how can confidence in the platform be increased? Time of course will help. A history of loans running as planned and being paid back on time is a first step. I would also say I am pleased to see the platform has been improved. We early investors have highlighted issues and they have been addressed.
I noticed on another platform an investor, who live close to office, was invited in for a chat. They then gave a report back on the forum. Worth considering?
Any other ideas?
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spyrogyra
Member of DD Central
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Post by spyrogyra on Jun 19, 2016 18:09:06 GMT
Revealing the names of the partners will allow lenders perform their dd.
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moist
Member of DD Central
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Post by moist on Jun 20, 2016 9:10:08 GMT
just read their website , its all there...and a bit interesting when you start proper DD
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jimc99
Member of DD Central
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Post by jimc99 on Jun 20, 2016 9:51:27 GMT
Any chance you could expand on the dd you undertook? Would be appreciated!
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spyrogyra
Member of DD Central
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Post by spyrogyra on Jun 20, 2016 13:02:41 GMT
Sorry, I must be missing something. Where can I see the names of the real borrowers? In the loan descriptions I read: These items have been underwritten by two of our jewellery (jewelry?) trade partners in the event of default by the borrower. No names there. And I couldn't find them anywhere else, so that's what I am saying - I can't do any dd.
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