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Anonymous
Just wanted to highlight that funding societies has 0% default rate
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Alex Chua
20 Jul 2019
Seedly student Ambassador 2020/21 at Seedly
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What i am very sure is that funding societies is not 0% default rate. I have invested over 150 campaigns with them. currently I have 7 loans defaulted, and no regular update from funding societies on how they are recovering the funds. FYI, my portfolio is in red.
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Luke Ho
14 Jul 2019
Founder and Director at CFX Money Maverick Pte Ltd
You should really broadcast that a bit more....
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Just wondering where do you get the information. All p2p platform have faced faults or late repayments. 0% default rate is not a good sign too. You do need to go and clarify.
I also have 2 defaults, still a positive for me. Do not be too greedy and still do your due diligence even within the platforms.
Pm me if you need advice