UCGTRUST - p2p lending - possible 13% annually - any experience?

justme111

Zoea wrote: »

Anyone else with experience is very welcome to post. I've taken a look at p2pindependentforum.com and there are a lot of competitors, but interest rates are only higher on high risk investments (loans) and I am only skimming it but a guarantee seems to be rare.

thanks

p2p platforms are not competitors for various reasons outlined earlier in a thread. there are no guarantees because those are genuine brokers clear about risk , not a dodgy company nobody heard about registered yesterday on a po box address with fake reviews.

Flobberchops

At least one poster in this thread is a shill.

If this company which nobody else has ever heard of is advertising returns as *guaranteed*, that's reason in itself to steer clear. Any P2P platform worth their salt will stress that capital is at risk.

Paul7

To be honest, I'm surprised that my feedback was deleted from this forum without any reason or notification, I just shared my opinion

Box28

This just came up on my Twitter feed yesterday. Looks too good to be true. I've seen P2P websites before and they usually detail notes about risk. This company claims your money is secured under 'AASA' but no links to what AASA even is. A google shows no association or company with that name dealing with finance.

Their website domain name also has 'Privacy' so you can't see who it is registered to.

Major red flags. My advice would be to stay far, far away.

dealer_wins

Run a mile is my opinion.

firestone

Scam or not - why with the likes of Ablrate,Lendy,Moneything etc based in the UK offering 10% or more having been around for a few years and with many reviews of the companies and the actual loans on here & the P2P independent forum would you want to look abroad?

Reaper

Their main location in the US turns out to be just a virtual office. Never a good sign in my opinion, particularly for firms offering a guarantee.

Box28

Only just read the second post quoting a reply from UCGTrust. Aside from the rest of the dodgy information, how bad is the English on that email! That alone should have people smelling the coffee.