I see Asbestos has resurfaced

No problem in using loan IDs as you have here, but naming companies or giving sufficient information for them to be indentifiable without having knowledge gleaned from 'within' the p2p platform is the issue. Its not about whether they are being slagged off: fundamentally its about confidentially between the p2p platform and the borrower which the p2p platform will normally have legal undertakings around (as well as ethical). This is not just an FC issue: the same confidentially considerations apply to e.g. Assetz.

If as a user of e.g. Platform X you gain information that company Y is seeking a loan, and then you post that on this forum, then the platform may well (almost certainly will be) liable for breach of confidentiality. In addition, you /may/ be in breach of your conditions of use of Platform X. We need to ensure that users don't inadvertently fall into that problem, and also avoid situation where the forum has lawyers jumping on us.

But there is also the issue of just general ethics. If ACME company goes to the bank for a loan, they would not expect a couple of days later to see a notice up on the branch door announcing that they have gone to the bank for a loan of £xxx, which after all is commercially sensitive information. Of course an element of that advertising has occurred when they list on a p2p platform but at least the audience is limited, and is in constrained by their terms of use of the platform.

That's about the sum of it: and the really good bit is that nobody gets sued for doing things like appearing to imply that BB is a Lady B Boy; 'cos BB is just an ephemeral moniker.

I have to admit that one of the biggest losses of the old forum is the demise of the entire thread relating to a borrower that went into admin. and which has an entirely accurate but particularly evocative use of *'s which neatly summed up lenders feelings. So there are other very good reasons for insisting on adoption of the naming rules, even if they are not entirely rooted in such adult considerations as breach of confidentiality etc.

Dammit - "Asbestos we can" have accepted early and left me stranded on 10.6% waiting for the rate to come down in the last hour - I could have got 11.2%

 

I wasn't watching this one but generally:

1. Take the money Friday afternoon, knock off and go home, job done.
2. Though the rates the latecoming bidders get is dropping it probably doesn't have much effect on the overall rate the borrower gets; that is more based on what the autobidders have bid at. A 0.1% difference in overall rate only equates to a few quid a month extra.