|
|
Post by webbski9 on Mar 30, 2014 10:46:42 GMT
Good Morning everyone.I am a newbie to this site but have noted Wiseclerks comment re Isepankur who I also invest with and am very happy with
I also invest with Fundingcircle,FundingKnight,Assetz and Ratesetter.I am a big fan of P2P lending.
I have just opened an account at rebuildingsociety ( great name).Anybody out there have any comments about them? Site is user friendly and efficient.Oviously much smaller than some but looks promising.
Also,does anyone have experience of bethelender,Omaraha and Savingstream?
ManyThanks to anyone replying
Webbski9
|
|
|
|
Post by easteregg on Mar 30, 2014 11:09:48 GMT
I am using rebuildingsociety and while they are still relatively small, they are still small they are growing, and there is no shortage of loans. Saving Stream is growing strongly, but as such sometimes run out of loans. The rates on both of these are slightly higher than other P2P companies.
I do have some concerns for the non-UK companies and I have sought clarification from the FCA on how regulation will affect them.
|
|
|
|
Post by webbski9 on Mar 30, 2014 11:39:47 GMT
Many Thanks Easter Egg  |
|
|
|
Post by elljay on Mar 30, 2014 11:46:38 GMT
Good Morning everyone.I am a newbie to this site but have noted Wiseclerks comment re Isepankur who I also invest with and am very happy with I also invest with Fundingcircle,FundingKnight,Assetz and Ratesetter.I am a big fan of P2P lending. I have just opened an account at rebuildingsociety ( great name).Anybody out there have any comments about them? Site is user friendly and efficient.Oviously much smaller than some but looks promising. Also,does anyone have experience of bethelender,Omaraha and Savingstream? ManyThanks to anyone replying Webbski9 Hi webbski9, welcome to the forum! We've got boards for all the sites you mention except Omaraha - some are in the More P2x sites area. You should find some words of wisdom on each of the boards. Cheers, elljay
|
|
JamesFrance
Member of DD Central
Port Grimaud 1974
Posts: 1,317 
Likes: 893
|
Post by JamesFrance on Mar 30, 2014 15:27:06 GMT
I have a small amount with Omaraha since November and am waiting to see how the warranty fund and collection of late loans progresses as 20% are overdue. The bidding system seemed to work well until December with similar rates to isePankur, but more recently I would need to bid lower than I would wish to to invest more money there. I have only just had a first loan with 90 days late, so I should be able to see the offer from the warranty fund in a day or two.
|
|
andy2001
Member of DD Central
Posts: 361
Likes: 34
|
Post by andy2001 on Mar 30, 2014 16:11:22 GMT
They used to have something in there TOS that if a loan is late there is an optional fee a lender can pay which may mean that lender gets there money faster than other lenders. This may have been removed now as I can't find it, but that was a red flag to me when I saw it at the time.
|
|
|
|
Post by webbski9 on Mar 30, 2014 16:24:29 GMT
Thanks everyone,all very interesting and useful. |
|
|
|
Post by andyc225 on Mar 30, 2014 21:07:58 GMT
I can't comment on the others but I've got investments at ReBS. Everything's been fine so far. There's no shortage of opportunities.
|
|
|
|
Post by webbski9 on Mar 30, 2014 22:08:46 GMT
Cheers Andy, I will dip my toes further into the water. |
|
debeast
(o)(o)
Posts: 238
Likes: 44
|
Post by debeast on Mar 31, 2014 6:45:32 GMT
Looks like your following the old saying don't put all your eggs in one basket! Don't forget though don't put all your money in eggs Omaraha is a new one to me but as others have said lots of info on all the forums here spend 10 mins in each and you'll soon catch up! |
|
markr
Member of DD Central
Posts: 766
Likes: 426
|
Post by markr on Mar 31, 2014 8:01:13 GMT
I've been in ReBS for a while now and had no problems with them. I view them as riskier than FC, both from the point of view of the loans offered and the platform itself, just because they are much smaller, but their rates reflect that. My strategy with them has been to not invest more than £(total interest earned - total bad debt) in any one loan (it's only recently that bad debt has been greater than 0) so that a single default shouldn't wipe out my profit, but that's a fairly arbitrary choice on my part. The limited number of loan requests and my rule means that I'm not increasing my investment very quickly, and I am tending to bid in more or less everything offered but then I'm not over-exposing myself so I'm happy with that.
I've needed to contact their support people once, about a technical issue, and my query was dealt with quickly, and they have a presence on this forum and respond to issues raised here which is good.
|
|
|
|
Post by webbski9 on Mar 31, 2014 9:01:24 GMT
Thanks Markr Yes,I always spread the risk,albeit p2p platforms and risk categories.I've been very happy with FC,FK and Assetz .Isepankur are also doing very well. Omaraha look to be a clone of Isepankur. RebuildingSociety appears to have a reasonable platform and ,whilst numbers of loans and microparts are tiny compared with FC ,they appear to be expanding in a controlled measured way. FC and FK have a distinct advantage in that they have attracted major funding from a FTSE quoted company.And Assetz could come under pressure from FC when they introduce their property loans.Exciting times and even better now that Dear George has signalled the ISA revolution Good luck and thanks for your posts everybody. |
|
jimbo
Posts: 234
Likes: 42
|
Post by jimbo on Mar 31, 2014 9:43:04 GMT
I'm aware which listed company has backed Funding Knight (GLI Finance for anybody who is interested) but I wasn't aware a listed company had a stake in FC. Thought FC had private equity/venture capital backing only. You couldn't enlighten us for those who might be interested could you please? ;-)
|
|
|
|
Post by webbski9 on Mar 31, 2014 10:15:08 GMT
Jimbo ( and the forum )
I do apologise.I was misinformed .Only FundingKnight has backing from GLI NOT FundingCircle.
As you rightly point out ,to date,FC has the backing of private money only.
Thank you for pointing out my mistake.
Regards
|
|
