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Post by chielamangus on Jul 24, 2017 17:19:50 GMT
Is anyone else (apart from Bearflat and I) less than enamoured of the credit report for this upcoming loan? My question got deleted because apparently it contained an opinion AC did not appreciate. I thought it was factually based. But there you go - fake news, news, satire, facts, opinion, they are all muddled these days, and if you don't like it, just reject it.
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ceejay
Posts: 975 
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Post by ceejay on Jul 24, 2017 18:24:59 GMT
Well, the headline figures were attractive enough for me to have a look at the detail - and I did read the Credit Report several times, with increasing discomfort. But that's what P2P is all about, surely? If you don't like what you see, you don't put your money down (and I didn't).
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jonah
Member of DD Central
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Post by jonah on Jul 24, 2017 20:27:55 GMT
I decided to let this opportunity pass me by. I didn't actually finish the full report before I'd reached enough reasons not to say yes.
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Post by chielamangus on Jul 24, 2017 20:28:31 GMT
Well, the headline figures were attractive enough for me to have a look at the detail - and I did read the Credit Report several times, with increasing discomfort. But that's what P2P is all about, surely? If you don't like what you see, you don't put your money down (and I didn't). You missed the point. It was the confusing, badly written, error containing report I was having a beef about. Risk is one thing, but confusion is another.
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Post by andrewholgate on Jul 24, 2017 21:06:20 GMT
Thanks for flagging this up. I have no issues with the underlying credit of the deal and it comes from one of our longest serving team members. However I can see the English leaves a lot to be desired.
Something to work on, but as you have already said, if it's not for you then don't invest.
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ceejay
Posts: 975
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Post by ceejay on Jul 24, 2017 22:18:39 GMT
Well, the headline figures were attractive enough for me to have a look at the detail - and I did read the Credit Report several times, with increasing discomfort. But that's what P2P is all about, surely? If you don't like what you see, you don't put your money down (and I didn't). You missed the point. It was the confusing, badly written, error containing report I was having a beef about. Risk is one thing, but confusion is another. It wasn't clear from your OP what your beef was, which is perhaps why I missed your point. In general, though, I'm unlikely to be put off an investment by poor or confusing English: it might take me longer to read, which is a bit irritating, but it's a reflection on the haste with which it was written rather than on the quality of the investment. I was put off by other matters entirely.
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Post by chielamangus on Jul 25, 2017 8:33:41 GMT
In general, though, I'm unlikely to be put off an investment by poor or confusing English: it might take me longer to read, which is a bit irritating, but it's a reflection on the haste with which it was written rather than on the quality of the investment. I was put off by other matters entirely. One cannot understand the risk if the writer of the report cannot add up, cannot see internal inconsistencies, and leaves the reader to guess at what he is trying to say. I daresay a much better case could be made for the loan if the report were at least coherent. [also for info, andrewholgate]
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Post by andrewholgate on Jul 25, 2017 11:00:01 GMT
As I have said, this is surprising from one of our most experienced team members. I'm working on how some of the grammatical errors got through and how we stop that from happening. In terms of the credit risk, I support the analysis and the deal.
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jfm
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Post by jfm on Jul 31, 2017 8:48:37 GMT
Perhaps peer review before publishing?
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