oldgrumpy
Member of DD Central
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Post by oldgrumpy on Feb 2, 2017 12:01:52 GMT
Please don't get me wrong - I agree that platforms should provide info, and I reckon there are loans on the secondary market at SS which could be bought by newbies who could then make an arguable claim that they were mis-sold because of the lack of info. The upside of SS stepping back from communication is the breakdown in trust and increased scrutiny of its loans and highlighting of the risks involved.Jack P ... and the increasing awareness (albeit limited to readers of this forum) that collectively we know a hell of a lot more about SS loan developments than our moderators would tolerate us making public .... and I don't just mean borrowers' names. Pop back a few months to see that we knew about finance being refused twice on one loan while SS was still smilingly confirming the first refinance remained on track!
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mason
Member of DD Central
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Post by mason on Feb 2, 2017 18:47:39 GMT
Sometimes I think that 'good communication' is conflated with 'good news' - platforms that have high risk loans that apt to overrun may actually be only able to offer no news, or bad news. I'd settle for either no news or bad news, rather than misleading or untruthful news. Especially of the wilful variety.
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