How quickly put house out of reach?

Oct 3, 2016 18:05:13 GMT adrianc said:

Oct 3, 2016 17:58:34 GMT @magenta14 said:

and therein lies the insidious difficulty for many, especially for those like you and I who may wish it were otherwise...would you agree?

So it all comes back to the usual question.

Do you trust the platform?

If not, why are you giving them your money in the first place?

Individual loans go bad however good the platform. It is hard not to take it personally, but the platform entering into loans that do not fully pay back is inevitable not a failing. The only people unlikely to default don't need to borrow money! Platform failure is where these become a disproportionate part of the gross interest for the economic conditions in which they occur. Don't be fooled to think that any security changes this. It merely allows more money to be borrowed or borrowing at a lower rate. Good security should reduce the percentage losses, but losses there will be.

- PM