Peer-to-peer lending sites: MSE guide discussion

arbster

Looking to diversify platforms as well as loans, and actively considering investing in ABLrate, ReBuilding Society and Saving Stream, to add to FC/RS. Have been reading the various alternative forums, and no obvious horror stories. Even Saving Stream's first property default seems to have passed without lasting trauma. Clearly none of these sites has seen a negative economic event as yet, but all seem to have solid provisions in place. Any alternative views?

mvarrier

I have the bulk of my P2P in SS and Moneything. So far so good

averageguy11

Looking to start off with Ratesetter...seems wise to suggest this referral thing...anyone?
taken the first pm .....thanks

stphnstevey

Ratesetter have a 1% cashback at the moment, but rates seem to have fallen by about 1% too. Is this normal when they have a promotion on and do they return to normal after?

Trentenders

Things should go back to normal once the promotion period is up.

DCFC79

BenjaminDahlman wrote: »

Hey Martin, great article.

I think you hit the nail on the head with this one. Really good stuff.

Just wanted to give my experience. I have worked with peer-to-peer lending before. If you know what you are doing it can be a serious boon. Like anything, getting all the facts before jumping in is paramount. I had a suggestion for this article.

I have worked with a site snapcap.com before and they were awesome. Really fast and professional. They might make a good addition to the article where you mention other lending services.

Why snapcap ? They are American so not much use in the UK.

arbster

DCFC79 wrote: »

Why snapcap ? They are American so not much use in the UK.

Because this is adver-spam.

rwgray

arbster wrote: »

Because this is adver-spam.

Hence the Newbie alert with only 1 post!

Rich.x

moneyfoolish

If you want to make a P2P investment but want only to invest a fixed amount of money possibly split over different time periods without any involvement other than putting the money in and having getting the money out at the end of the time period(s), which are the platforms to use?

Froggitt

Zopa and/or Ratesetter.