P2P: Bondora

jamesd

This is a discussion for things specific to the Bondora peer to peer lending platform, to make it easier to find those as distinct from more general P2P discussions. More discussion is available at the P2P Independent Forum Bondora section.

Bondora does primarily unsecured consumer lending in Euros from a base in Estonia to Estonian, Finish and Spanish borrowers and both interest rates and default rates vary very widely compared to typical UK platforms. Like most UK platforms it is currently seeking FCA full approval, having interim permission at the moment.

As usual with consumer lending there have been lots of defaults and lots of debt recovery action.

jamesd

My opinion:

I currently recommend against using this platform but have not sold all of the current investments I have here, I'll expand later.

Startup1985

My opinion:

By far the worst platform to use along with ReBS

jamesd

The Bondora annual report for their business year 2015 has just been made available.

mapk

James, maybe Mintos is worth a mention, if not a separate thread?

jamesd

I didn't want to start too many threads at the same time, maybe you want to start one?

We can all also add links to the other platform-specific threads in the first post of each of them to help make navigation easier.