easyMoney p2p lending and Lifeworks

Mudegg

Hi,

Is there anyone here who has invested in easyMoney P2P platform?

I'm looking into investing £1000. Even though the 4.05% rate is not great comparing to some of the other players, but the Lifeworks membership benefit is really appealing to me.

One thing I worry about is their diversification, I did read someone on another forum saying the number of active loan is scary as the platform is relatively new.

Is there anyone who invested in easyMoeny before? Would really appreciate it if someone can give me a brief idea of what it's like.

Also does anyone have Lifeworks membership? What's the gift card discount rate like?


Thanks,

Mudegg

Nobody? .....

Arwing

The only p2p lender I use is Assetz Capital. I use their easy access account which offers 4.10% but add an extra 0.50% on top of that until Jan 2019 if you invest any new funds. Might be something for you to look at if your interested in p2p.

eskbanker

Don't know about the Lifeworks stuff but the core Easy Money product was greeted with a wave of apathy on here when launched earlier in the year at that sort of return, so I'd be surprised if many went for it....

https://forums.moneysavingexpert.com/discussion/5800329/new-easy-isa-targets-4-05
https://forums.moneysavingexpert.com/discussion/5803392/easymoney-easyjet-4-isa
https://forums.moneysavingexpert.com/discussion/5803998/isa-paying-4-05

DavidT67

Two sites for P2P reviews

https://p2pblog.co.uk/p2p-reviews/

http://www.financialthing.com/peer-to-peer-lending-reviews/

No mention of easyMoney...

masonic

I've commented in more detail in the first thread linked by eskbanker, but suffice it to say I don't consider Easy Money to be a good option. If you want something with a comparable rate but lower risk, I'd second the suggestion of the Assetz Capital cash blend accounts. There is a 30 day access account paying 5.1% in addition to the one mentioned above. Otherwise you should be targeting higher rates for the amount of risk you would be taking.

Mudegg

Thanks guys for the info and help.

I've decided to give it a miss for now