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Post by gidoppp01 on May 27, 2017 5:32:45 GMT
Depositing money: Funding circle - Debit card and bank transfer. Debit card offers very quick way to start investment quickly.
Funding speed: Assetz capital - Quick access and 30 day access are instantaneous, Zopa plus is quick, almost within 5 days for 100% deposit. Funding circle has a constant flow of new loans to suit its size, but autobid funding can take a month to fill. RateSetter Rolling can be funded within 1-2 days @ market rate, but rate is low.
Loan pipeline: Funding secure - email notification regarding up coming loan, pre-fund restriction, bonus interest on large investment
Loan update: Funding secure - informative update regarding loan repayment
Withdraw money: Assetz capital - Quick access and 30 access offers timely interest repayment, it also sends out email notification when withdrawing money. Large withdrawal requires further manual security.
Apps: Funding circle. The only platform offers a decent app for iOS users. Does not offer full functionality
Security: Apps - funding circle, allows TouchID login. Lendy - offers 2-step SMS verification
Loan information: Funding circle - simple information regarding credit rating, financials and existing loan. However, accuracy is a concern. It also includes an Q&A in the funding process.
Secondary market: Funding circle - relatively quick, low fees, and offer premium and discount for potential buyers. It also advance search to help finding the right loan in the secondary market, probably the largest and active secondary market.
Choice of risk: Funding circle - offers A+ to E loans, however, the risk rating accuracy may be questionable but overall default rates are within expected level
Loan security: Funding secure - all loans are asset secured, loans can be extended as renewal to avoid short term default. Investor has a choice to auto reinvest renewal
Interest repayment: Asset Capitalz - Quick access and 30 day access, timely interest repayment. LendInvest is also good for timely interest repayment.
Loan diversification: Funding circle - Autobid offers diversification in 0.25%, 0.5%, 1%, miniumum bid unit is £20. The secondary market in Funding circle offers smaller loan to buy.
Minimum investment: Asset Capitalz - Just £1
Provision fund: RateSetter - The size of its provision speaks for itself.
Ease of use: Assetz capital - simple user interface, requires virtual no effort at all to keep your money grow in Quick access and 30 day access.
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hazellend
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Post by hazellend on May 27, 2017 6:50:09 GMT
Out of interest, have you used moneything, collateral or ABLrate?
I find your choices surprising
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Post by gidoppp01 on May 27, 2017 6:51:40 GMT
Out of interest, have you used moneything, collateral or ABLrate? I find your choices surprisingSo So what are your choices and why? tell us!
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jonah
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Post by jonah on May 27, 2017 17:34:02 GMT
Out of interest, have you used moneything, collateral or ABLrate? I find your choices surprisingSo So what are your choices and why? tell us! I would suggest AC could be viewed to have better information on a loan than FC. Arguably Abl or MT also, I believe TC does too, but not one I've been on.
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TitoPuente
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Post by TitoPuente on May 27, 2017 19:25:01 GMT
I am unable to understand why anybody with a minimum discerning power can still be in FC. Sorry to be direct. Just read the forums.
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sl125
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Post by sl125 on May 27, 2017 21:45:47 GMT
I am unable to understand why anybody with a minimum discerning power can still be in FC. Sorry to be direct. Just read the forums. Care to elaborate why you think that? I am very discerning in my investments, and I've found FC has outperformed the rest.
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Post by df on May 28, 2017 1:17:20 GMT
I am unable to understand why anybody with a minimum discerning power can still be in FC. Sorry to be direct. Just read the forums. Probably because it works. Easy to manage, constant loan flow/easy to diversify, most loans are amortized, minimum cash drag and despite all the negatives you get the advertised rate.
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Post by jackpease on May 28, 2017 6:22:35 GMT
I am unable to understand why anybody with a minimum discerning power can still be in FC. Sorry to be direct. Just read the forums. I remain with FC, I have few illusions but it provides a solid non-property return for me. >>>just read the forums My take on the anger towards FC and more latterly Lendy is that it does distort perceptions. Anger on this forum is often because platforms have been caught making mistakes. A lack of anger on this forum may be because the platform is genuinely better or may simply be that the mistakes have yet to emerge. My favourite platforms would be mature platforms that are coping with inevitable defaults - eg Assetz, Ratesetter and FC - Lendy is off my list until it deals with defaults. Jack P
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jaswells
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Post by jaswells on May 28, 2017 11:33:20 GMT
Wisealpha is on the fringes of p2p lending but has a far superior model to the likes of other P2Business platforms like FC. I know I am lending to highly established companies e.g Virgin or Pizza Express with vast amounts of assets on their balance sheet. As a lender I also know I have priority over these assets in case of business failure (senior secured)- all information is freely available on their website about the companies financial status. Secondary market with decent liquidity, rates in line with much riskier p2p lenders. Extremely user friendly platform, informative and reliable/honest customer service team.
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am
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Post by am on May 28, 2017 14:18:09 GMT
I am unable to understand why anybody with a minimum discerning power can still be in FC. Sorry to be direct. Just read the forums. I'm still in FC though my balance has been static (more or less) for over a year and now that they're withdrawing from property loans I expect to wind down - I don't think that they give enough information on SME loans, and the average quality on the newer loans is such that it's not worth the hassle looking for the occasional gem. But the positive points for FC include 1) Well-financed, so even with their rate of cash burn the shorter term platform risk looks less than most other platforms. 2) Good deal flow, so you can build a diversified portfolio quickly, or at least could if you could find acceptable loans. 3) Liquid secondary market. 4) Default statistics presented, and default rates acceptably low - in spite of the skepticism people have about their ratings they've been successful in managing the overall default rates. (The worry is that they've stored up problems for the future by relaxing standards.) And (for those willing to do it) 5) You can make money by grabbing D/E loans are they appear, and reselling them at a premium on the secondary market.
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am
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Post by am on May 28, 2017 14:26:54 GMT
Loan information - Assetz Capital is the best.
Asset class diversification - Assetz Capital again.
IMHO
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macq
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Post by macq on May 28, 2017 16:44:29 GMT
Wisealpha is on the fringes of p2p lending but has a far superior model to the likes of other P2Business platforms like FC. I know I am lending to highly established companies e.g Virgin or Pizza Express with vast amounts of assets on their balance sheet. As a lender I also know I have priority over these assets in case of business failure (senior secured)- all information is freely available on their website about the companies financial status. Secondary market with decent liquidity, rates in line with much riskier p2p lenders. Extremely user friendly platform, informative and reliable/honest customer service team. With WiseAlpha are you lending to established companies or are you not lending to WiseAlpha directly who then give you a note/Iou for your investment? If so does this not raise the risk of the platform?
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Post by df on May 28, 2017 18:56:34 GMT
Loan security: Funding secure - all loans are asset secured, There was one unsecured FS loan a couple of months ago. 15% 90k loan to a high profile individual who represents a popular brand. Don't know if it went live or not, but it was gradually filling up. Some people would go for anything that displays 15% 
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Post by df on May 28, 2017 19:01:06 GMT
Apps: Funding circle. The only platform offers a decent app for iOS users. Does not offer full functionality Not the only one. Lending Crowd offers the same app.
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jaswells
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Post by jaswells on May 28, 2017 21:46:39 GMT
Wisealpha is on the fringes of p2p lending but has a far superior model to the likes of other P2Business platforms like FC. I know I am lending to highly established companies e.g Virgin or Pizza Express with vast amounts of assets on their balance sheet. As a lender I also know I have priority over these assets in case of business failure (senior secured)- all information is freely available on their website about the companies financial status. Secondary market with decent liquidity, rates in line with much riskier p2p lenders. Extremely user friendly platform, informative and reliable/honest customer service team. With WiseAlpha are you lending to established companies or are you not lending to WiseAlpha directly who then give you a note/Iou for your investment? If so does this not raise the risk of the platform? As far as I understand it the notes are issued by a separate company who if the platform operator (Wisealpha Technologies) went bankrupt would administer the wind down of the loan book. From the FAQ: "In the event that wiseAlpha Technologies Limited went bankrupt all un-invested member money and member investments in Notes would not be affected and would continue to be administered until the investments in wiseAlpha Notes mature. This ensures a separation of investor.money (held and invested at wiseAlpha Limited) from the main operating company (wiseAlpha Technologies Limited)"
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