Tags: ratesetter

RateSetter lender improvements

November 29th, 2012
RateSetter
RateSetter have made some changes that have been discussed within the peer-to-peer lending community for a while.  First is the ability to choose between automatically reinvest the full amount or just the capital, taking interest as income.  This is com… more »

RateSetter provision fund

November 3rd, 2012
RateSetter
RateSetter has provided a positive statement about their provision fund which is used to repay lenders where the borrower defaults.  RateSetter currently has the lowest default rate of any comparable peer-to-peer provider and with the added protection o… more »

Rise in bad debts in October

October 18th, 2012
Funding Circle
There has been a modest rise in bad debts between mid September and mid October for two peer-to-peer companies. Both Funding Circle and YES-secure saw an increase of 0.3% in their lifetime bad debts. This takes Funding Circle's lifetime bad debt to 1.… more »

Happy 2nd birthday to RateSetter

October 11th, 2012
RateSetter
Many happy returns to RateSetter who turned two years old this week.  It seems quite amazing for a company to go from nothing to arranging just shy of £37million in loans in 2 years in what was a niche sector.  In the last two years not a single lender… more »

Looking into late loans

September 6th, 2012
RateSetter
We've talked about "bad debt" and "defaults" numerous times on the P2P money site, but one thing that we haven't covered much are "late loans".  Usually before a loan is written off it is late, as the borrower has fallen behind on repayments for whateve… more »