Saving Stream

FinancialController

Has anyone else come across this ?

12% interest looks way too good to be true.

I AM NOT RECOMMENDING THIS BY THE WAY

Sorry I cannot post the links

jimjames

12% for what? If it is unregulated then they can pretty much say what they want and none of it may be true.

Archi_Bald

They seem to be a P2P company, but as the OP says, 12% interest looks way too good to be true. Don't go there.

mikb

For pros and cons, read through all this...

http://p2pindependentforum.com/board/58/saving-stream

especially ...

http://p2pindependentforum.com/thread/167/yacht-vehicle-p2p-pawn-broking

A bit of a bumpy start, some issues around using fake testimonials/pictures of "typical lenders" that weren't lenders, pictures of "example" assets etc.

Most of that sort of stuff quickly exposed and complained about by lenders/potential lenders, now seems to be more under control - I think it was over-eagerness to get things up and looking professional caused some regrettable corner cutting.

It's not unregulated, it's P2P, so has to be regulated by the FCA.

Fortunately the, umm, indiscretions were pre regulation.

bayzat

This looks very risky, it is definitely hard to get comfortable putting your money in something like this,