macq
Member of DD Central
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Post by macq on May 28, 2017 22:44:38 GMT
thanks-seems a bit safer but still seems like WiseAlpha overseeing themselves,would have preferred an outside party & still means your not in the actual bond.Will look at other posts for some reviews & feedback
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pikestaff
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Post by pikestaff on May 28, 2017 23:09:15 GMT
Loan information - Assetz Capital is the best. Asset class diversification - Assetz Capital again. IMHO I think TC are far better than AC on asset diversification, and their initial information is better too. For these reasons TC is my No. 1 platform. (Both are massively better than FC.) However, TC's £1k per loan minimum and their poor post-drawdown communications mean they won't suit everybody. If it matters for you, I understand that TC works (with full functionality) on iOS.
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Post by gidoppp01 on May 30, 2017 14:40:22 GMT
Loan information - Assetz Capital is the best. Asset class diversification - Assetz Capital again. IMHO I have reservation about Assetz Captial diversification. The Great British Business account and Green Energy Income Account both offers 7, but it is nothing like FC, nor Zopa. The algorithm is set to a maximum of 20% per transfer, the only difference, asset is secured and has a provision fund.
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Post by gidoppp01 on May 30, 2017 14:48:05 GMT
I think TC are far better than AC on asset diversification, and their initial information is better too. For these reasons TC is my No. 1 platform. (Both are massively better than FC.) However, TC's £1k per loan minimum and their poor post-drawdown communications mean they won't suit everybody. If it matters for you, I understand that TC works (with full functionality) on iOS. I have an account with TC, but at the end, their loanbook, the way deposit the money and the way paying out the money do not give me confidence at all. You pay in to company A not in the name of TC, and get paid by company B not in the name of TC either. IMHO, a lot of TC loans are secured by a mixture of different things, the bidding process is long; regarding the information on TC, no plain simple English. TC is just not right for me. It's hard to diversify in the £1000 unit since they are not many similar loan pipeline that I can invest with confidence.
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littleoldlady
Member of DD Central
Running down all platforms due to age
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Post by littleoldlady on May 30, 2017 15:22:47 GMT
The one factor of overwhelming importance (to me at least) is Loan Security. It is ironic that the OP selects FS for this because FS has been a disaster for me. It is the only platform of the 11 that I have used where my losses (as reported to the taxman) exceed all time interest earned. Of course there could still be some recovery on my FS defaults and there is plenty of time for loans on other platforms to lose money but as it stands at present FS is the worst in that category for me.
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Steerpike
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Post by Steerpike on May 30, 2017 16:14:55 GMT
The one factor of overwhelming importance (to me at least) is Loan Security. It is ironic that the OP selects FS for this because FS has been a disaster for me. It is the only platform of the 11 that I have used where my losses (as reported to the taxman) exceed all time interest earned. Of course there could still be some recovery on my FS defaults and there is plenty of time for loans on other platforms to lose money but as it stands at present FS is the worst in that category for me. Yes, it's a strange world where REBS and LC rate more highly than FS, but like you, FS is the only P2P site for which I have recorded a net loss on a tax return.
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