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Post by lynnanthony on Mar 8, 2017 8:42:54 GMT
1. Return of capital.
2. Return on capital.
3. That's it.
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Post by davidtaske on Mar 8, 2017 10:46:52 GMT
1. A platform that understands that there are more than 3 most important things. 2. Don't forget rule 1. 3. Don't forget rule 2. I thought long and hard about this question before posing it. I understand there are more than three most important things. It would be great to hear what is important to you then. This is a genuine attempt to make sure what we launch is what people want. I hope you have the time to give is your views. David
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pom
Member of DD Central
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Post by pom on Mar 8, 2017 11:51:40 GMT
1. A platform that understands that there are more than 3 most important things. 2. Don't forget rule 1. 3. Don't forget rule 2. I thought long and hard about this question before posing it. I understand there are more than three most important things. It would be great to hear what is important to you then. This is a genuine attempt to make sure what we launch is what people want. I hope you have the time to give is your views. David I'm a bit late to this party but let me see if I can avoid what everyone else said....(I see you've now posted another one and will look at that next) 1. A USP. I've invested in about 20 platforms now (some of which I've escaped or am trying to) and registered but not invested on a few more. It's harder to grab my interest now. 2. Sensible plans/prospects for growth. I'm prepared to be patient with a platform that looks promising (and have enough diversity elsewhere that I can afford to be). But there's a couple of platforms I'll probably have to abandon if I can't get enough invested to be worth the effort 3. Honesty/professionalism/ethics. I like a platform that is prepared to admit they've got it wrong and will change their strategy. I prefer a loan not to be too stinky either, or at least be honest about it with rates to reflect.
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sqh
Member of DD Central
Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
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Post by sqh on Mar 8, 2017 13:54:16 GMT
1. A platform that understands that there are more than 3 most important things. 2. Don't forget rule 1. 3. Don't forget rule 2. I thought long and hard about this question before posing it. I understand there are more than three most important things. It would be great to hear what is important to you then. This is a genuine attempt to make sure what we launch is what people want. I hope you have the time to give is your views. David Sorry, my earlier post was a little facetious. Anyway here's 7 things I consider important. 1. Provide a clear understanding of who will wind down existing loans if the platform fails, what costs are involved and who pays these. 2. Offer asset backed loans with LTV's below 60%, and below 50% for property loans of up to £100k. Reason is that we are seeing defaulted loans incur high recovery charges. 3. A Secondary Market that offers discounting. (I'm constantly amazed at the number of lenders who consider MT or SS have a liquid SM, with no discounting) 4. A Secondary Market that allows defaulted loans to be traded on the SM. 5. No fees for selling loan parts. 6. Offer underwriting opportunities to modest sized lenders, not just institutions. This will get your platform growing fast in the early days. (AC used to do this) 7. The interest rate needs to be competitive with other platforms. To be different or distinguished from other platforms offer slightly lower rates with big Cashback offers. Lenders love Cashback.
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adrianc
Member of DD Central
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Post by adrianc on Mar 8, 2017 13:57:14 GMT
3 things I don't need 1) Weekly or monthly "newsletter" written by a marketing guy the management has parachuted into the business and has no reality with the image I have of the portal 2) Portals who struggle with idea of doing what they say they are going to do when they say they are going to do it 3) Portals who change stuff on their website without warning us that it will occur and that solve the portal's problems but not the customer's problems, the inward looking twits, and then spend time sending multiple surveys asking "why are you leaving us?" Anybody in particular you're thinking of...?
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Post by Deleted on Mar 8, 2017 14:05:47 GMT
For @hrist Sake Silly! sorry for any offence but I'm struggling to get the letters in  |
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adrianc
Member of DD Central
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Post by adrianc on Mar 8, 2017 14:56:34 GMT
For @hrist Sake Silly! sorry for any offence but I'm struggling to get the letters in It's OK, I had a Slight Suspicion that we were both thinking of the same platform...
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Post by brianac on Mar 9, 2017 9:59:30 GMT
I suspect he was thinking of 2 platforms
flaming cowards?
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Post by hnwlending on Mar 15, 2017 11:05:01 GMT
1. Getting my money back, in a timely manner
2. that the reward reflects the risk (of getting my money back, in a timely manner)
3.Getting my money back plus the interest due, in a timely manner
How hard can that be  ? I'd agree with that and maybe add liquidity Ben Shaw HNW Lending Ltd ben@hnwlending.co.uk 07958 636 106
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shimself
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Post by shimself on Mar 15, 2017 16:45:42 GMT
1. Getting my money back, in a timely manner
2. that the reward reflects the risk (of getting my money back, in a timely manner)
3.Getting my money back plus the interest due, in a timely manner
How hard can that be ? It's very hard to know if a new platform will do this, and same indeed but less so for an established platform (past performance does not guarantee yadda yadda)
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