Post by perpetualtraveler on Jun 16, 2017 7:15:13 GMT
Finally today the money was wired after initiating 3 weeks ago. Regardless of the extra regulatory burden (which I think is not entirely needed, as far as I know FCA requires you do regular updates on KYC/AML related information but not EVERY time you make a withdrawal), this period of time is not reasonable and the communication was terrible too. Lesson from my perspective: if you are an international investor, don't use Lendy.
Post by perpetualtraveler on Nov 30, 2016 9:14:25 GMT
Given the workings of P2P loans, it would be pretty easy to fake loans and run a ponsi scheme, paying people with money from other investors, as long as people do not withdraw as much. What are the chances platforms are in fact a Ponzi scheme? Is there any way to verify they are not?
Last Edit: Nov 30, 2016 9:47:21 GMT by registerme: Removed platform names.