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Post by mukiwa on Dec 7, 2015 12:13:35 GMT
My rate for the monthly market has been set at 3.5% for well over a month for reinvestments. Mostly this is stuck to, however it also lends under this rate (3.1% and 3.3%) in the last couple of days. Any ideas? I thought if you stipulated a rate, it sticks to it or higher?
Thanks
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Post by mukiwa on May 18, 2015 8:32:06 GMT
Thanks for the responses.
I guess it also comes down to the quality of the borrowers. Are they borrowing from Ratesetter to pay off debts which I'm sure is true in plenty of cases. I can see plenty of P2P lenders around the world will go bust, but this also worries me as a change in sentiment has a knock on effect for those that are running well.
Chasing yield has it's risks obviously. RateSetter is the only P2P I'm with due to diligence. But re-investment of capital and interest is where I'm having second thought on.
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Post by mukiwa on May 17, 2015 19:32:05 GMT
First time poster but large investor with RateSetter. I've recently noticed various articles about the growth of P2P lending, some good some bad. But recently it tends to be suggesting a bubble is emerging. Whether this is just in the US for now? Who knows?? But with several hundred thousand with Ratesetter in the 5, 3, 1 year, and the monthly market, it's stopping me invest much more. Zerohedge article on P2P
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