andyb
Posts: 69 
Likes: 36
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Post by andyb on Jun 10, 2016 6:19:20 GMT
Hi all,
I currently use RS, FC and SS but got to wondering which other p2p site offers the highest interest rate? I fancy trying a different one and am not to scared of risk although I would like one that I can actually get my money into a loan instead of waiting weeks in a holding account
Cheers
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Monetus
Member of DD Central
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Post by Monetus on Jun 10, 2016 7:14:59 GMT
I would highly recommend taking a look at MoneyThing.
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andyb
Posts: 69
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Post by andyb on Jun 10, 2016 7:36:14 GMT
I would highly recommend taking a look at MoneyThing. Thanks for the recommendation, do you have much experience using it? If so what sort of % return do you find you get after bad debts ect and also us it easy to get your money on the market without much waiting ? Regards
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SteveT
Member of DD Central
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Post by SteveT on Jun 10, 2016 7:37:03 GMT
ReBS has rates up to 20%, but there's a reason for that ....
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ben
Posts: 2,020
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Post by ben on Jun 10, 2016 7:41:52 GMT
I would highly recommend taking a look at MoneyThing. Thanks for the recommendation, do you have much experience using it? If so what sort of % return do you find you get after bad debts ect and also us it easy to get your money on the market without much waiting ? Regards There has been no bad debts yet there is a bit on the secondary market at the moment and a loan going live this afternoon but will probably be gone pretty quick.
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SteveT
Member of DD Central
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Post by SteveT on Jun 10, 2016 7:43:50 GMT
I definitely recommend MT. There are a coupe of big loans slated to launch in the next week or 2 (see the Pipeline Loans thread) including one at 13%.
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andyb
Posts: 69
Likes: 36
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Post by andyb on Jun 10, 2016 8:08:43 GMT
ReBS has rates up to 20%, but there's a reason for that .... Just checked a few threads on the ReBS section and I think as enticing as the interest rates are I could not handle the feeling of throwing my cash into what seems to be a raging inferno
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huxs
Member of DD Central
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Post by huxs on Jun 10, 2016 8:43:55 GMT
Have a look at Collateral, very new but a good steady supply of small loans (and a couple of larger alternative loans) and a website that seems to have taken the best bits of a lot of other sites. Saying that I get the impression that a lot of people are just dabbling with it with loose change at the moment and it may become a victim of its own success (loans are too small for everyone to get a meaningful slice) once peoples confidence in the platform increases.
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Post by betterthanworking on Jun 10, 2016 9:27:23 GMT
Have a look at Collateral, very new but a good steady supply of small loans (and a couple of larger alternative loans) and a website that seems to have taken the best bits of a lot of other sites. Saying that I get the impression that a lot of people are just dabbling with it with loose change at the moment and it may become a victim of its own success (loans are too small for everyone to get a meaningful slice) once peoples confidence in the platform increases. Shhh! 
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james
Posts: 2,205
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Post by james on Jun 12, 2016 13:41:01 GMT
Hi all, I currently use RS, FC and SS but got to wondering which other p2p site offers the highest interest rate? I fancy trying a different one and am not to scared of risk although I would like one that I can actually get my money into a loan instead of waiting weeks in a holding account Would you be willing to do unsecured lending to consumers with interest rates of perhaps 60% and default rates of perhaps 80% with maybe 20% recovery after default? If so, that's probably available at Bondora, though I usually recommend against the platform these days. Still, if highest available interest rate is your objective that's an option.
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