archie
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Post by archie on Sept 16, 2016 6:29:49 GMT
I would not recommend investing with FS if you are expecting any reliable payment date. I would add that the above probably applies to all P2P platforms, not just FS. Even though some platforms have very liquid SMs at the moment, that liquidity could disappear just when you need it. MT are currently an exception as they do pay on time, platform repays everyone and relists the loan. FS isn't the ideal platform if money is needed on a certain date. If a loan renews here it won't get repaid until the new loan fills, this might take several days. If it doesn't renew it may take considerably longer as legals complete.
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mikes1531
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Post by mikes1531 on Sept 16, 2016 13:20:33 GMT
I would add that the above probably applies to all P2P platforms, not just FS. Even though some platforms have very liquid SMs at the moment, that liquidity could disappear just when you need it. MT are currently an exception as they do pay on time, platform repays everyone and relists the loan. That's fine as long as MT have the funds to do that. As soon as they try to roll over a loan and they don't get the necessary support from their investors, everything will change.
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archie
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Post by archie on Sept 16, 2016 13:24:43 GMT
MT are currently an exception as they do pay on time, platform repays everyone and relists the loan. That's fine as long as MT have the funds to do that. As soon as they try to roll over a loan and they don't get the necessary support from their investors, everything will change. That's why I said currently.
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