Anonymous

03 Jan 2020

∙

General Investing

It is stated that funding societies have 0% default rate. This is untrue being an investor in FS, my portfolio have 6 defaults loans. My account is in negative P/L

Just wanted to highlight that funding societies has 0% default rate

Funding Societies

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Alex Chua

20 Jul 2019

Seedly student Ambassador 2020/21 at Seedly

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

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Kenny Tan

14 Jul 2019

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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Can you all share your portfolio for P2P with Funding Societies? Such as any defaults so far, how timely is their repayment etc?

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