Category: Borrowing

Wonga's peer-to-peer offering closed down

January 10th, 2015
Invest and Borrow
We reported back in May 2014 that Wonga, one of the most well known brands within the financial services sector, had launched Invest and Borrow, a new peer-to-peer payday provider.  Invest and Borrow charged borrowers a representative 75% ARP, but pay l… more »

Funding Circle launch TV advert

October 23rd, 2014
Funding Circle
[video:youtube:wCShDJSUGVY] Funding Circle have launched a TV advert, following Wellesley & Co earlier this year.  The advert is aimed both at lenders and borrowers and should raise the profile of the company still further. New lenders and borrowe… more »

How could Scottish independence affect P2P lending

September 4th, 2014
With the Scottish referendum several weeks away, we look at how independence would affect peer-to-peer lending between Scotland and the rest of the United Kingdom. The vast majority of UK peer-to-peer companies are based in England, with one company -… 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 »

MoneyWeek survey on peer-to-peer lending

July 3rd, 2014
RateSetter
RateSetter, one of the leading peer-to-peer companies, has published a survey of MoneyWeek readers on the topic of peer-to-peer lending.  Interestingly 93% of respondants indicated they believed peer-to-peer offers better value than banks, and 87% belie… more »