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Post by preacherman100 on Jun 13, 2017 16:59:06 GMT
Been having a good look around the various p2p platforms and I wonder what the more experienced p2p lenders look for before investing in a loan.
My initial thoughts are that if I don't see any financial datal for the last 2 years I skip that loan ,am I being short sighted?
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Post by buttchopf23 on Jun 13, 2017 17:33:32 GMT
Signed all what magenta said. Take your time and read, read and don't believe everything you read, second guess  |
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Post by preacherman100 on Jun 13, 2017 17:43:36 GMT
Many thanks luckily I do enjoy reading
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Post by stevefindlay on Jun 15, 2017 12:49:11 GMT
preacherman100 - You may like either of our two guides:
You will need to supply an email address to download, but they are free otherwise. Good luck!
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Post by petebutt43 on Jun 18, 2017 22:31:51 GMT
Been having a good look around the various p2p platforms and I wonder what the more experienced p2p lenders look for before investing in a loan. My initial thoughts are that if I don't see any financial datal for the last 2 years I skip that loan ,am I being short sighted? Security is a very good indicator. Property is best, land, buildings Jewellry, vehicles etc. Read the info and you can pick up a lot about the viability of the loan. Loan to Value % is best below 65%, however, sometimes platforms do not get realistic valuations of security which can give mis-leading LTVs Next thing to consider is cojones - how much risk are you willing to tolerate. Generally the higher the risk the higher the return. One strategy is to spread small amounts over a lot of very high risk loans, (typically 30%-60% return), accepting that a proportion of them will go belly up, to give higher return than a more conservative approach. In a conservative approach place large bids on lower risk loans, to reduce defaults. It is important to remember that there WILL be DEFAULTS. Some platforms are better than others in managing them. Rebs (SME loans relying on PGs), seems to have poor recovery mechanisms. Those platforms that insist on tangible security seem to fare a lot better, with borrowers having their parameters crystallised by the risk of losing their collateral. Some platforms particularly in the Baltic States operate buyback schemes where loans are bought back when they reach 60 days late payment, Mintos being a good example. Happy investing
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Post by explorep2p on Jun 30, 2017 15:23:50 GMT
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archie
Posts: 1,866 
Likes: 1,861
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Post by archie on Jun 30, 2017 15:26:57 GMT
Tip 3 has the text from tip 1.
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macq
Member of DD Central
Posts: 1,934
Likes: 1,199
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Post by macq on Jun 30, 2017 15:32:59 GMT
Tip 3 has the text from tip 1. just shows how good tip 1 is 
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Post by explorep2p on Jun 30, 2017 15:41:59 GMT
Tip 3 has the text from tip 1. Cheers Archie  . Fixed now! It was a late night making the site look prettier on mobile phones, obviously not enough coffee had been drunk!
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. Fixed now! It was a late night making the site look prettier on mobile phones, obviously not enough coffee had been drunk!