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Danesfield make changes
Danesfield have also announced some changes to their peer-lending platform today. Interestingly - excuse the pun - they will now be paying 1.75% AER on unlent funds.
I am writing to advise you of some major changes at Danesfield this week which will affect the way your funds are currently lent out, on our social lending forum.
We at Danesfield Finance (DFAI) have been listening to our members and in order that we may offer a better service to people looking to lend money through the social lending platform we have taken the decision to re vamp our web site.
From Wednesday 7th December any outstanding loan applications will be cancelled, this will release funds back into your lending accounts.
You will then have to log into your account and re allocate how you would like your funds to be distributed.
Our changes, we feel will help to get your funds lent out a lot faster, hence pay you the return you are looking for a lot quicker, we have also added another service for our lenders, which is, we will pay you interest of 1.75% on any un allocated funds in your lending account.
I am sorry about the inconvenience that this will cause, but we feel our new approach will safeguard both Lenders and Borrowers alike.
It is good to hear that their web site will be updated, as it is still showing data from April 2011.