PledgeMe

[Kelvin]

I wonder what systems in place to protect the investor. Will PledgeMe do credit checks? Will PledgeMe actively chase up missed repayments? What happens if someone defaults?

I also wonder if we can trust the borrower to set a rate that reflects the amount of risk.

The fees for the borrowing entity seem quite high, 4% of amount borrowed, in addition you have to go through the whole pitching and campaigning crap.

[DrewBroadley]

I wonder what systems in place to protect the investor. Will PledgeMe do credit checks? Will PledgeMe actively chase up missed repayments? What happens if someone defaults?

FYI it says at the bottom: "We have completed a Veda check on the company and their directors, as well as a Google check. There were no adverse findings."