Wellesley experiences

d712

Has anyone gone for peer to peer lending through Wellesley and tried it for long enough to be able to recommend it or give their opinion?


Also their interest rate calculator calculates the simple interest rather than compound interest.


Why is that?



Thanks

alanq

d712 wrote: »

Also their interest rate calculator calculates the simple interest rather than compound interest.
Why is that?

Interest doesn't remain in an account. It is paid away to another linked account.

d712

Thanks


So it would could be paid into an account I'd nominated?


Why's that?

d712

Does anyone have any stories to tell about their Wellesley experiences ?


Either getting back what they expected or coming away with less?


Thanks

Alter_ego

d712 wrote: »

Thanks


So it would could be paid into an account I'd nominated?


Why's that?

Just asked them. They have no provision to pay away. Interest is returned to your Wellesley account.
You can then request a withdrawal