#62
as jamesd hasnt explained himself yet i thought i would just that SS is one of the P2P sites that i use and would happily recommend it. if those are his reasons for not using SS in the post above i would suggest people read read the replies and make up your own minds.

#63



as jamesd hasnt explained himself yet i thought i would just that SS is one of the P2P sites that i use and would happily recommend it. if those are his reasons for not using SS in the post above i would suggest people read read the replies and make up your own minds.
Originally posted by nushnush


I'm quite ambivalent on Savingstream, I don't think they covered themselves in glory with the quoted episode and squirmed a bit when questioned, they'd have been better saying we made a mistake, learned from it and have amended our operations now going forward.



I'm probably a bit more suspicious of their offerings than say that offered by Moneything but wouldn't rule them out, just give investments with them a bit more thought.

#65



A leading peer-to-peer lending platform exposed ordinary investors to a company linked to a twice former bankrupt who has a string of failed companies behind him, The Times can reveal.



Saving Stream lent millions of pounds of consumers’ money against assets linked to Desmond Phillips, whose companies have been accused in parliament of using “fraudulent valuations” to cheat farmers out of their land.


http://www.thetimes.co.uk/edition/business/lending-platform-linked-to-ex-bankrupt-rwr7s37gl

#67
What I find mindbending is the number of comments on the p2pindependentforum thread that go like this:






<redacted>.pdf This might help.

MOD Comment: No - you cannot identify a borrower.





PBL056 - B**** FARMS LIMITED (Incorperated August 2014)

PBL064 - A************ PROPERTIES LIMITED (Incorperated July 2014)



The above two companies are connected by a common director (Victor P*******)





MOD Hat on - While we all appreciate that there are some potentially serious issues here, I would re-iterate that the survival of this forum depends on no naming of a borrower or direct links.


These people are giving the borrower their money. How can they not have the right to name them or know who they are? Is this investing or Guess Who?



Even I'd heard of Desmond Phillips.

#68



What I find mindbending is the number of comments on the p2pindependentforum thread that go like this:



These people are giving the borrower their money. How can they not have the right to name them or know who they are? Is this investing or Guess Who?



Even I'd heard of Desmond Phillips.
Originally posted by Malthusian




its an open forum so no names are used, everyone that wants to know more needs only look on the SS live loans or pipeline loans page to get more info. someone borrowing money doesnt want their competition to know how they are getting the cash together. not all info is available on SS and that causes some angst. sometimes you have to trust the platform to do its job or dont invest. same with fund managers really.

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