PS Dont you work for TMP now, you seem to be missing your rep stars
I'm currently consulting/contracting and so ideally I don't want to have my "rep forum" status updated quite yet.
Maybe in the longer term if I do something more permanent....watch this space.
Kevin..
Apologies, I was confused by the tweet welcoming their new Chief Risk Officer who they were delighted had joined them. Anyway you appear to have been defrocked again
Minor shareholder in AC, BO, FO, CP, WA, Pfi, Ccube, Sdrs, AE, ABL. AC beta test. LAG, MTAG, FSAG
PLEASE NOTE : All opinions and observations made on this forum are my own view and made in a personal capacity. I have no links to any platform nor am I a financial professional so posts should not be considered financial advice or promotion. I accept no responsibility or liability for the accuracy, content, completeness, legality, or reliability of the information contained in my posts.
westonkev Should've gone to SS. No not the optician. Could've given us all the genuine accurate and up to date info about what is really going on with overdue loans.
/mod hat off
That sounds like a very short "career path arc" to follow? 8>.
General Systems Vehicle Three Minds in a Can .. bringing The Culture to a Supercluster near you. (Iain M. Banks, R.I.P.)
NB 'Moderator' superpowers extend to forum mechanics and rules interpretation. Anything else mentioned is (at best) a personal opinion.
Well I for one am very happy with Zopa and its rates, my defaults have been extremely low. Past twelve months I have yielded 11.1% before early adopter bonus, well above projected.
I observe the loan book a lot and have seen loans go two months into arrears, into collections and back into the green/paid off in full - with no interaction I can see that they are doing something right to keep the pennies coming my way.
I can imagine though that there must be others that are really suffering if I'm doing so well on the average? I'm not sure how the estimated return is calculated, probably explained somewhere (or not).
I am diversified carefully across other platforms for exposure to business loans, property, other secured, but this is my chosen 'unsecured personal loan' p2p platform. I for one wouldn't want all my eggs in business loans, property, nascent platforms etc just because they deliver higher numbers.
