jonah
Member of DD Central
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Post by jonah on Jun 15, 2017 4:59:01 GMT
It should change to CAN'T LEAVE - IT"S TOO LATE  Welcome to the Hotel California... coming as a PBL to a p2p platform near you soon of course 
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GeorgeT
Member of DD Central
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Post by GeorgeT on Jun 15, 2017 22:12:28 GMT
Hotel California?
In the case of investors here it has probably been a case of Take It To The Limit. Now they are hoping the next song won't be Heartache Tonight.
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Post by WestonKevTMP on Jun 20, 2020 8:55:32 GMT
I'm starting to lose confidence in p2p in general, which is a shame. I think this deserves a new general thread, but this is exactly how I feel, about the P2P sector (not all platforms). I've been lending for 10 years, and professionally worked with three platforms. My expertise is in retail consumer lending, not wholesale, business, SME or property. I'm especially impressed that RateSetter have returned ~£70m in interest to lenders, that might otherwise have been only ~£1m if the same money has been in a savings account. That's a fantastic reflection on what P2P should be aspiring to deliver. But some of the lending occuring on some platforms is mired in incompetence, ignorance of traditional risk management principles to access the borrower and security, and ultimately poor treatment of the customer. Some loans can clearly be defined as irresponsible lending. And don't get me started on the transfer of P2P to Bank.... I still love a couple of platforms, but I'm falling out of love with the sector. The drunks have turned up at the party, maybe it's time to go home. Kevin. Don't say I didn't warn you if this, back in June 2017; " But some of the lending occuring on some platforms is mired in incompetence, ignorance of traditional risk management principles to access the borrower and security, and ultimately poor treatment of the customer. Some loans can clearly be defined as irresponsible lending..."  ..
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