Anyone else having trouble logging on today? I use the site regularly - yesterday was the last time, no problem. Today I can't log on to my account. I press the button and nothing happens. strange horizontal lines appear on the Logon button. I have the exact same outcome on a mac and on an iPad. I can get into other parts of the site OK (eg to ask for a loan), but not into my accounts. Just me?
Could I ask a slightly different question? I signed up several weeks ago to transfer some of my Core money into the Zopa IS. I can see I did so successfully, as Zopa reminds me that I opted for this service each time i sign in, and tells me I will get an email when the transfer is about to take place. Now, some weeks later nothing has happened, no money has moved. I'm sure I'm missing something - could anyone please advise?
I sincerely appreciate and value all opinion on the board on a new loan, alongside DD nuggets. local knowledge etc...etc...(and try to play a small part in that). However I fail to see what non-investors get out of repeatedly reminding the rest of us, clearly less intelligent investors, to stay away once the loan is underway.
I hope that 10k is 1% of your total P2P budget which is no more than 10% of your total investments otherwise perhaps you should take a step back and have a think.
Good guidelines for those who wish to diversify widely. I personally prefer not to diversify that much, I'd rather do my DD and then spread my lending over what I consider to be the better loans. I'm aware that performing DD can only go so far in determining all the risks involved - better though IMO to have some knowledge of the risk/reward prospects than just lending with minimal DD on a large number of loans just to be diversified.
Additionally the choice of whether to diversify widely or not depends on your risk appetite, I personally don't mind taking calculated risks - most probably because I've spent many years trading/investing (quasi gambling) in the markets.
Agree contrarian . Parameters are helpful but they will be different for different people, depending on, for example, age, income, ability to spend time on DD, plus external factors such as relative value of P2P vs other possible investments. If banks were paying 10 % who would bother with P2P. I have 30 % of my free cash in P2P - across multiple platforms and loans - and am quite comfortable at that level.
I have stayed out of this loan and the thread up 'til now, I will not invest. I agree that p2p providers need to significantly up their underwriting game and only present loans to investors once and only once they have taken the essential steps in verifying the information provided by prospective borrowers is factually correct prior to preview then launch.
By heck isn't the p2p sector as a whole stoking up one massive hillock of trouble for itself if it continues down the road it appears hell bent to travel with so many inexperienced retail investors and their funds entering the marketplace it is perhaps a short sighted view on the part of some who operate these platforms to derelict prudence and in so doing ensure the downfall of the many including their own inflated sense of ambition.
No MoneyThing I will not commit my families limited resources to this loan, if you don't have the wherewithal to present things correctly from the outset then you do not deserve my cash, I ducked the Newcastle loan offering for similar reason, Paisley and B*******h too.
Is it not indicative of a wider under performance as witnessed and attested to on other sites also, to my mind it is the purest folly to believe that anyone can hope to build anything worthy of a Nations praise if the foundations of this edifying performance comprise nowt but rotten concrete laid atop sand?
Can do better, must do better.
Sorry, what point are you making? You don't like MT? Up to you. No need for the insults. I'm 3 P2P platforms and this is by far the best. On all 3 I've made a far better return (over 7 years) than I would be investing cash elsewhere - and that assumes I get nothing back from the currently defaulted MT loans - which is pessimistic.
I joined RS 18 months go, essentially to diversify from Zopa. A different but not so different model, and I've been quite happy until the last few months of miserable rates. I've really not been trying to follow their various diversifications until last week. My daughter signed up for ra new phone contract with GiffGaff. Annoyingly, in the small print is an interest charge, due because she is paying monthly, not annually up front (doesn't everyone)? Guess who receives the interest on her 'loan' - got it in one. Is it just me?.