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Peer to peer lending, anyone do this ? #576229
12/05/19 07:41 AM
12/05/19 07:41 AM
Joined: Dec 2018
Posts: 808
Yorkshireman living in Surrey
Bonesie Offline OP
Talk Morgan Regular
Bonesie  Offline OP
Talk Morgan Regular

Joined: Dec 2018
Posts: 808
Yorkshireman living in Surrey
Thinking of chucking a few quid in a peer to peer lending platform such as Funding Circle, the house crowd or similar ? Not vast amounts, couple of k.

Does anyone have any experiences with such things ?


Bonesie

Current stead -'The Captain' Black +4

'Life is like a garden, dig it' *Joe Dirt farmer
Re: Peer to peer lending, anyone do this ? [Re: Bonesie] #576241
12/05/19 10:00 AM
12/05/19 10:00 AM
Joined: Jan 2019
Posts: 468
Bavaria, Isarwinkel
Mkiss Offline
Learner Plates Off!
Mkiss  Offline
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Joined: Jan 2019
Posts: 468
Bavaria, Isarwinkel
Not on a platform but on a private basis - after Basel II the conditions for small businesses were horrible. So this makes sense, is fun and taking real risk...

Some of my friends put money on crown funding platforms - to be honest - after the first adventure stories I never heard about real success.

Miklos


1985 plus 4 four seater
1992 Peraves ecomobil
bicycles (pedersen to recumbent)
Re: Peer to peer lending, anyone do this ? [Re: Bonesie] #576245
12/05/19 11:01 AM
12/05/19 11:01 AM
Joined: Aug 2008
Posts: 2,339
Powick
tmg513 Offline
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Posts: 2,339
Powick
https://monevator.com/ratesetter-high-interest-offer/

I put in £1000 on Ratesetter like in this link and got £100 cashback plus the interest.


1972 4/4 2 Seater
Re: Peer to peer lending, anyone do this ? [Re: Bonesie] #576251
12/05/19 12:15 PM
12/05/19 12:15 PM
Joined: May 2008
Posts: 978
Spencers Wood, Berkshire
Hopwood Offline
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Hopwood  Offline
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Joined: May 2008
Posts: 978
Spencers Wood, Berkshire
"If it sounds too good to be true, it probably is."

Re: Peer to peer lending, anyone do this ? [Re: Bonesie] #576252
12/05/19 12:19 PM
12/05/19 12:19 PM
Joined: Jan 2012
Posts: 3,995
UK (up north)
Dean-Royal Offline
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Dean-Royal  Offline
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Joined: Jan 2012
Posts: 3,995
UK (up north)
Originally Posted By Bonesie
Thinking of chucking a few quid in a peer to peer lending platform such as Funding Circle, the house crowd or similar ? Not vast amounts, couple of k.

Does anyone have any experiences with such things ?


I am sick of junk emails off them


www.generalpaint.biz/color.php Problem with your Colour, we offer TM members impartial advice.
Re: Peer to peer lending, anyone do this ? [Re: Bonesie] #576262
12/05/19 03:30 PM
12/05/19 03:30 PM
Joined: Sep 2011
Posts: 13,316
Mandello del Lario
Gambalunga Offline
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Posts: 13,316
Mandello del Lario
I have invested in a lending fund in Australia which gives good rates. It is one of the biggest in Australia and only lends against secure mortgages. I think as long as there is not a real financial collapse it should be reasonably safe and the risk is spread across many mortgages. I would move the funds out of Australia but I can't get anything like the same returns in Italy.

The same fund also offers good returns on peer-to-peer and they do keep sending me mails about it. I must admit I am tempted but I think I would want to be pretty sure about the security: first mortgage, good property, etc. For me it is a long way away if something goes wrong. Their 4 year managed fund actually offers better returns than many of the peer-to-peer offers.


Peter

[Linked Image]
Re: Peer to peer lending, anyone do this ? [Re: Bonesie] #576271
12/05/19 04:55 PM
12/05/19 04:55 PM
Joined: Jul 2011
Posts: 595
I
IcePack Offline
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IcePack  Offline
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I

Joined: Jul 2011
Posts: 595
Had a look at funding circle a few years back as a mate recommended it. He was at the time getting 8% gross. But I decided against as not covered by the FSA.


4/4 Ivory 4.1:1 axle, Jaguar XE R-Sport.
Re: Peer to peer lending, anyone do this ? [Re: Dean-Royal] #576276
12/05/19 05:17 PM
12/05/19 05:17 PM
Joined: Dec 2018
Posts: 808
Yorkshireman living in Surrey
Bonesie Offline OP
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Bonesie  Offline OP
Talk Morgan Regular

Joined: Dec 2018
Posts: 808
Yorkshireman living in Surrey
Originally Posted By Dean-Royal
Originally Posted By Bonesie
Thinking of chucking a few quid in a peer to peer lending platform such as Funding Circle, the house crowd or similar ? Not vast amounts, couple of k.

Does anyone have any experiences with such things ?


I am sick of junk emails off them


You must have signed up at some point ? Cant you unsubscribe ?


Bonesie

Current stead -'The Captain' Black +4

'Life is like a garden, dig it' *Joe Dirt farmer
Re: Peer to peer lending, anyone do this ? [Re: IcePack] #576278
12/05/19 05:21 PM
12/05/19 05:21 PM
Joined: Dec 2018
Posts: 808
Yorkshireman living in Surrey
Bonesie Offline OP
Talk Morgan Regular
Bonesie  Offline OP
Talk Morgan Regular

Joined: Dec 2018
Posts: 808
Yorkshireman living in Surrey
Originally Posted By IcePack
Had a look at funding circle a few years back as a mate recommended it. He was at the time getting 8% gross. But I decided against as not covered by the FSA.


With most things I guess its a gamble. The fact the monies are spread among many lenders helps.

Im only looking at making a few quid, just wondered if , on the whole, people get back money rather than lose.

I am green around the gills with investing i must admit

Cheers folks


Bonesie

Current stead -'The Captain' Black +4

'Life is like a garden, dig it' *Joe Dirt farmer
Re: Peer to peer lending, anyone do this ? [Re: Gambalunga] #576279
12/05/19 05:23 PM
12/05/19 05:23 PM
Joined: Dec 2018
Posts: 808
Yorkshireman living in Surrey
Bonesie Offline OP
Talk Morgan Regular
Bonesie  Offline OP
Talk Morgan Regular

Joined: Dec 2018
Posts: 808
Yorkshireman living in Surrey
Originally Posted By Gambalunga
I have invested in a lending fund in Australia which gives good rates.


Do you have a link please Peter ?


Bonesie

Current stead -'The Captain' Black +4

'Life is like a garden, dig it' *Joe Dirt farmer
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