Originally Posted by
morphs
Thanks Kelvin. Yes, I understand that. However, as far as I am aware, the approval of borrowers is not dependent on the market interest rate. We, as investors, have no control over the credit checking process used by Squirrel. That's true for all P2P lenders I guess, but with the other companies investors are taking on the risk of individual loans. In the case of Squirrel, if they were to reduce their credit checking standards to let more potential borrowers through the gate, it could potentially affect the entire loan book. I am not saying that they would do this, just highlighting it as a potential risk.