Archives for: August 2014

Peer-to-peer lending is not risk free

August 21st, 2014
FCA
Peer-to-peer lending does involve taking some risk, and they are not currently covered by the FSCS (Financial Services Compensation Scheme).  The value of a lender's loan book will vary and can fall as well as rise, with the possibility of a complete lo… more »

New lenders can earn £60 cashback with Zopa

August 20th, 2014
Zopa
After some discussions with the kind people at Zopa, the P2P money website has arranged a special £60 cashback (by way of Amazon gift vouchers) to new lenders who sign up through the P2P money website and subsequently lend £2000 or more.  This offer is… more »

Experiences of using P2P platforms

August 15th, 2014
One of our readers has decided to take the plunge into the wonderful world of peer-to-peer lending, and in the process published their experiences to date.  With their kind permission, we have shared some of Paul's comments so far. Zopa review by Paul… more »

What happens when a P2P company ceases trading?

August 15th, 2014
Quakle
I was recently asked the following questions: What happened to investors/lenders money when companies listed as ceased trading or suspended or went off line? Do you think there may come a time soon when lenders money is covered by compensation  sche… more »

BeTheLender suspends trading

August 13th, 2014
Be The Lender
The peer-to-peer company Be The Lender has suspended trading.  A message has been posted on their website as follows: Dear All, Be The Lender has currently suspended trading. If you have received repayment notification emails, then there may be a b… more »