All Very Quiet

Calm as a mill pond (see PBL133, although this one hasn't dried up).

Some light relief after the recent fastest finger first furious feeding frenzy (fortnight?).

No new loans for 2 weeks and only 2 cr** ones in the pipe loan,Savingstream mention of  more accurate updates has not materialized either, I am now investing else where at present

Once again....

When any portal has lots loads of deals people complain

When any portal has no deals people complain

Chill guys, demand comes in floods and famines.  Right now borrowers are trying to understand Brexit, what Boris is whittering about and who this crazy man in Washington is going to be.  Sell if you must, but really the trick is to have 4 or 5 portals, some of whom will be up while others will be down.  Spread your investments as widely as possible based on the best DD.  Right now SS is quiet, FS has loads of loans, MT two this afternoon, AC some (but dead in the water), FC (no idea and don't care) etc etc.  Two weeks ago it was very different.

My concerns is not so much about the lack of new loans as I have enough in SS. It's quietness in terms of communication that continues to worry me . Do social and ecomonical issues really preclude SS from answering simple questions and keeping investors in the loop? Doesn't seem to be an issue on other platforms. Also the lower loan rates were explained to be a means of increasing the number of loans coming but this is the quietest I've known it to be, granted I've not been on SS for a whole year so there could be seasonal variations. To be fair to SS there have been some more updates on overdue loans recently but I do continually wonder why it takes so long to do this, it gives the impression wrongly or rightly that they are not monitoring these loans properly or have something to hide. Also no updates (as far as I know) on why that Birmingham pipeline loan has been there for so damn long and if it will ever go live, not that I want any of that but it would be nice to know what's going on.

And I'm not going to chill on this issue. It has been cropping up a lot of late so I don't want to keep banging the same drum there are many things I like about this platform but I do think SS need to start taking communication with their investors more seriously. I choose to invest my money in SS so I have the right to question and wonder about what is going on. I invest in a range of other platforms also and the greater transparency from them further increases my unease on this platform. Good communication doesn't mitigate risk but it does increase investor confidence. And yes of course I know I can just walk away from SS which is what I might just do.

SS said in the run-up to the reduced-rate loans that they were having difficulties finding good enough borrowers willing to pay a high enough rate that they could pay us 12% on 70% max LTV.
They launched a few 9% and 10% loans. We reacted with massive indifference.

So...?

We don't want lower security.
We don't want lower rates.
We don't want higher risks.
They can't make those low-risk, high-rate, good-security borrowers just appear from nowhere. So the cupboard is a bit bare.

It does go very quiet when certain borrowers are supposed to be organising imminent repayment of their loans.
Bottom slapper time soon. Very quiet. No comment at all, and we're only on a second charge.

As i explained further in my other post I was referring to quietness in terms of communication more than in terms of new loans. I don't have anymore free money to invest in anything else at present. There is lots of speculation on this forum about various things going on with SS which never gets nipped in the bud by a quick and easy response from someone from SS causing doubts to start to creep in. As someone mentioned on another thread we shouldn't have to speculate about certain things we should just be updated on them.

Yes I'm making money from my loans but I'm losing confidence in the platform, that's why I would consider selling my loans. Not in some childish attempt to throw my toys out the pram but rather there are lots of other loans on other platforms to invest in where I feel more secure at present. There's loans in the pipeline but how long will they be there for? Will they ever go live? This information is communicated on other platforms I use which makes it easier to plan investments but not here.

I'm not going to wait to the stage where SS have several defaults. The long default on the garden centre, the long list of overdue loans without a clear resoultion in sight, combined with poor communication overall is what is making me jumpy. I don't think that makes me irrational  As I said already there are some good things about SS which is why i still have some investments. But since broaching out to other platforms and seeing them handle things better and consequently feeling more secure about my money there makes me feel less secure with my money here.  All of my loans are well over 200 days but it's got to the stage now where I plan to sell my loans when they dip below 200 rather 100 days as an extra precautionary measure and ensuring that out of all my P2P exposure SS is where i have the least invested or withdraw entirely depending on how things continue to go.