TheDriver
Member of DD Central
Slightly bonkers
Posts: 493 
Likes: 190
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Post by TheDriver on Jun 24, 2016 9:30:29 GMT
I recently notice a growing trend for borrowers to ignore questions posed by lenders on the Q&A page - even before loan is filled. I certainly would expect a response to reasonable queries, even if the answer was fairly obvious. It seems there is so much money sloshing around FC at the moment that loans are filling so quickly that is no longer necessary, although I will continue to decline investing in organisations treating us with such distain.
Has anyone else noticed this and what does it mean?
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Post by davee39 on Jun 24, 2016 9:39:58 GMT
I recently notice a growing trend for borrowers to ignore questions posed by lenders on the Q&A page - even before loan is filled. I certainly would expect a response to reasonable queries, even if the answer was fairly obvious. It seems there is so much money sloshing around FC at the moment that loans are filling so quickly that is no longer necessary, although I will continue to decline investing in organisations treating us with such distain.
Has anyone else noticed this and what does it mean? Loans are filling quickly and the lack of answers does not affect the rate. The page is now redundant, why would a company spend time on answering questions (many of which are pointless)? Gamblers might want to look at Zopa+, currently I have a predicted rate of 7% after defaults on a £5k investment spread in £10 chunks and no effort. this matches FC projections on business loans.
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fp
Posts: 1,008
Likes: 853
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Post by fp on Jun 24, 2016 17:39:14 GMT
It means that if they don't answer the questions, auto-bidder wont mind. This has been mentioned of the FC forum, FC"s response "If you don't like it, just don't bid"
I wouldn't be at all surprised if borrowers were made aware of the need not to answer questions.
Looking at some of the loans which came up today on A+ and A rated risk, I would call them high risk, more like D and E rated, thankfully I pick mine on there, it take s little time but gives me piece of mind, my first play at P2P, and not a very overwhelming one if i'm honest when it comes to FC
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