hendragon
Member of DD Central
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Post by hendragon on Sept 10, 2016 7:11:19 GMT
FS will only revamp if they are unable to provide or fill loans. They seem to have decided that bonus rates and occasional cashback is the best strategy for many loans on offer. Only if this fails and a loan is pulled because of lack of lenders are we likely to see a rethink. (imho) Is it really a case of lack of lenders or is it perhaps the quality of the loans? IMHO the loans now on offer are looking more and more risky by the week. Add to this the increasing number of loans running late and there are some serious questions to ask about the running of FS. Not overall a good recipe for pulling in new punters I would think! I agree completely. The question is what does FS think. They seem to be ploughing on regardless.
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duck
Member of DD Central
Posts: 2,882
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Post by duck on Sept 10, 2016 12:11:20 GMT
..... Perhaps time to consider some "renewal incentives" for lenders in existing loans (eg. 1% cashback but only available to those already invested, with lenders who opted out given the chance to opt back in) Interesting idea. I've been buying into some loans that I like and then selling off a highish % as the term progresses (roll over the rest) and then topping up again if the loan renews. If such a change came about I would almost certainly change my approach. As for a complete revamp that gets a big thumb down from me, I like the different approach to other platforms. As has been commented on by others it gives FS a USP and us as lenders chances to explore different strategies. IMHO some loans will always struggle to fill (as it should be) if people do a spot of DD. The fact that some loans on other platforms fill immediately never fails to amaze me!
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