Not going live until tomorrow. This seems to happen far too often.
"We issued a 24 hour notice on DFL019 yesterday. We are currently finalising our initial due diligence and are aiming to go live on this loan tomorrow. We are sorry for the slight delay. "
SS email interpretation service
'Weve been in the pub all day watching the rugby. The loan would have launched after the last game but somebody had too many glasses of prosecco and dropped the company phone down the toilet. As a result we cant phone the lawyers in the other pub to check everything is good to go"
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.
Can't see how they will get any further professional advice or information on a Saturday night or Sunday morning.
My guess is they just remembered they were offering 12% and worked out how much interest they would save by delaying it a day.
I would estimate about 50% of SS loans don't go live on the date advised.
The golden days of P2P lending are well behind us, in my opinion. I am now retired from active P2P investing and the undertaking of due diligence. Just awaiting resolution of 2 DEF loans in LY; 2 DEF loans in MT and my entire COL investment.