Sale of Ratesetter portfolio and loss of Provision Fund at the expense of investors

Rich2808

Not quite the topic in hand but I have had sums on market - not huge - for over a week with no takers. So the funds just sit there waiting to be invested.
Is anyone else seeing that - are they actually issuing many new loans or has it now gone to metro meaning my funds could just sit on market - if I don't take any action to withdraw them -  until 2 April earning no interest?

Aceace

Rich2808 said:

Not quite the topic in hand but I have had sums on market - not huge - for over a week with no takers. So the funds just sit there waiting to be invested.
Is anyone else seeing that - are they actually issuing many new loans or has it now gone to metro meaning my funds could just sit on market - if I don't take any action to withdraw them -  until 2 April earning no interest?

There's over £17m of funds waiting to invest at 3% or lower, and this queue seems to be ever expanding.  Unless you want to lend at very low rates you might as well move your funds elsewhere. There are much better rates available elsewhere in P2P land.