P2P lending - where's best?
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p2pinvestor
Posts: 9 Forumite
Anyone invested with Assetz Capital? Thincats or Lendinvest?
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I've invested through Assetz, but not the other two. It gets the thumbs up from me, not least because there is no need for incessant page refreshing to quickly bid on a loan before it fills. Just set up a few orders and let the system automatically try to fill them when units pop up on the market.0
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I'm with TC for loans and bought some AC equity.
I must say it's rather comforting to be sitting on a steady 12%pa for the last three years with all the stock market doom and gloom that abounds.0 -
Have you invested in any of the loans that have since gone in to default with Assetz?
I'm reading bad reviews on Assetz due to the amount of defaulted loans.0 -
p2pinvestor wrote: »Have you invested in any of the loans that have since gone in to default with Assetz?
I'm reading bad reviews on Assetz due to the amount of defaulted loans.0 -
I use funding circle (£300) and wellasly & co (£3000).
In funding circle you choose who you want to loan to, across my loans at the min I'm averaging 7.3%.
Wellasly does all the leg work for you and give 4% interest on 18month terms. They some times have an offer on where they give you a free iPad if you invest so much over a certain period.
Like some one above has said, I haven't yet lost money, but I know I will at some point.0 -
I understand the risks involved and that you should expect to lose some however I have read c. 20% of money invested in Assetz loans is in default and worried about the length of time a recovery process can take should a loan go in to default
I hear their aftermarket is good.0 -
p2pinvestor wrote: »I understand the risks involved and that you should expect to lose some however I have read c. 20% of money invested in Assetz loans is in default and worried about the length of time a recovery process can take should a loan go in to default0
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Would be interested to know the reasons for default loans and why Assetz seem to have SO many compared to other p2p lending platforms? Can't install much confidence in lenders.
Have you sold on their aftermarket? Is that just as easy as investing?0 -
p2pinvestor wrote: »Have you sold on their aftermarket? Is that just as easy as investing?0
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I currently use Funding Circle (9.6% average) and Saving Stream (12%). No defaults but I have only been in P2P for a few months.0
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