Aug 24, 2017
Issues I've experienced: no or limited progress reports; routine and apparently unconditional extensions of loans past maturity; very limited information on borrowers and their prior track records (all borrowers are anonymous); frequent late payments that PoL does not seem to address; even one overpayment to me that they had to call me about (they were right). I've also had doubts after looking closely at some of their appraisals. Be very careful on this site! On the other hand, most of my investments have done well so far. The few times I have spoken to PoL on the phone, their employees have been knowledgeable and professional..