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Peer to Peer platform failure

aroominyork · 2019-08-07 13:45:00

Threads about p2p often mention the risk of platform failure and that p2p has not been tested during a recession. I’d like to discuss what would cause platforms to fail. It seems to me that increased numbers of defaulted loans do not by themselves affect platforms' survival – it is investors who feel that pain (unless you…

Comments

Kendall80 Posts: 965 Forumite

10 August 2019 at 4:55PM

agent69 wrote: »

And to put the icing on the cake we have the all too familiar "the company director is too ill to talk to anybody"

On the positive side at least he'll make money out of it!

Millions probably. Tends to be the way these things work out.

From a disgruntled Lendy user.

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