Archives for: January 2013

P2P companies show an increase in late payments

January 28th, 2013
The Christmas and new year period has given rise to a small but noticable increase in late payments in the P2P companies that we are tracking.  Zopa and RateSetter showed a very small increase, bringing their overall late payments to 0.14% and 0.64% res… more »

RateSetter break £50million barrier

January 21st, 2013
RateSetter
RateSetter have broken the £50million barrier in terms of the number of loans they have arranged. This is a fantastic achievement for a peer-to-peer company. January and February are typically very busy months for personal loans, so expect to see this… more »

Funding Circle fills £1M loans in hours

January 18th, 2013
Funding Circle
Lenders of Funding Circle have managed to fill over £1million of new loan requests within a matter of hours, including one loan for £200k.  There was a time when loans would only be filled within the last few days of an auction, whereas now they are fil… more »

P2P companies allows lenders to sell early

January 18th, 2013
RateSetter
RateSetter has added new functionality that allows lenders to cash-in individual or multiple micro-loans early.  Also this month ThinCats introduced a similar feature.  This brings these two P2P companies into line with Zopa, Funding Circle and Encash (… more »

RateSetter increases cashback to £20

January 11th, 2013
RateSetter
RateSetter has increased their cashback offer to an amazing £20 for new lenders who invest and lend out £100 or more by 31st January 2012, which represents up to a massive 20% return on investment.  With rates on the 3 year and 5 year fixed rate loans s… more »