Peer-to-peer lending sites: MSE guide discussion

masonic

ecnirp98 wrote: »

I'm looking at Assetz Capital through moneysupermarket, you deposit £2000 or more for 12 months and get £150 cashback in 12 months, seems a good bonus, anyone done this? its valid offer till 21st July.

Not done P2P lending before, so just wanted to check peoples experience and if they have used this deal?

I've not used the deal as I've been lending through Assetz for some time now. I'd echo agent69's comments about the quick access account. I'm happy to receive interest on funds I am waiting to invest/reinvest through the manual loans account, but I wouldn't use the QAA as a savings account. If you insist on using an account that allows easy access to your capital, then the 30 day access account would surely be a better option - for the cashback you'll be committing for 12 months anyway.

ecnirp98

Yep, makes sense Masonic, as you say I plan to leave the money in there for the 12 months to get the £150 cash back, so I was viewing this as more a minimum 7.5% interest, even if the P2P itself does not earn much.


This is money I do not need instant access to, I plan to leave it in there for the 12 months.

ZAZ_2

Funding Circle is great BUT beware it does not have fair allocation rules for high risk loans so a very small number of investors buy all the loans in seconds from them appearing on the platform. This means it is hard for the normal investor to get diversified into all classes of loans (and hence build up a decent return with the lowest risk via diversification). I would recommend you use Funding Circle ONLY if you want to stick with low risk (A+ to C) loans (and hence are happy with lower returns) and use Zopa Plus if you want to gain a diversified portfolio including higher risk/return loans.

jnm21

Is anyone having trouble signing in to RateSetter 99% certain on password & have tried 2 PCs & browsers.

MarkFromCornwall

jnm21 wrote: »

Is anyone having trouble signing in to RateSetter 99% certain on password & have tried 2 PCs & browsers.

It's working for me.

Trentenders

jnm21 wrote: »

Is anyone having trouble signing in to RateSetter 99% certain on password & have tried 2 PCs & browsers.

I can't on Chrome, but IE works fine

Stompa

Trentenders wrote: »

I can't on Chrome, but IE works fine

Works fine on Chrome for me.

jnm21

Finally got in - on Chrome. Had been trying Pale Moon & Chrome. Thanks folks.

EDIT: still refuses to work on Pale Moon (which is my main browser & which it has worked on since April).

Ash_Pole

I've just had this same problem on ratesetter. Wouldn't login on Chrome, 99% sure my details were correct, changed password but it still wouldn't work. Switched to IE and logged in no problem. Strange.

jamesd

At Ablrate there's a 12% before compounding loan that I think is interesting still available, £100k+ worth. It's to a firm that provides invoice financing - that is, lending to businesses that have confirmed purchase orders so they can buy their own stock to fill the order. Secured on things like the property and with insurance and guarantee from the borrower as well. I've a couple of tens of thousands in an earlier version of this one. the details for this one say what the previous batch was used for if you read the PDF. It's the new loan with borrower name beginning with M.

I also have close to a couple of tens of thousands invested in the other one currently available there at 12%, the basket of secured loans one. Not a deal I like quite as much as the first one but still very interesting to me.

Both look to me to be good alternatives to the property development loans that dominate so much of P2P these days. I'd be putting more money into them if I had it.