Funding Circle Intentions Poll

Absolutely.  Although this poll is an interesting amusement, at the end of the day it is an extreme illustration of self-selection bias, and is hardly representative of FC's overall population of investors. The proof will be in the pudding, and it will be interesting to see if in a year's time FC have grown their business by attracting investors who would otherwise have been put off by an overly complicated (to them, at least) investment process.

Another thought that comes to mind:  people are advocating moving to platforms such as AC, FS, etc.  But what I don't quite understand is that those funds appear to provide substantially lower returns than the target return that FC claims to achieve (I say "claim"... in practice, we still have the transparency of the loan book so that we can use real evidence to substantiate that claim, which appears to hold up so far).

This, coupled with FC's sheer scale compared to those platforms means that it is easier to achieve a diversified portfolio and (in theory at least, since I haven't tried it since the new autosell regime kicked in) much more liquid. Those of us with a sizeable portfolio would be more concerned putting our money in those much smaller platforms.

I deposited my money when the new terms started.  Using the balanced autoinvest FC is reporting my estimated return after fees and bad debts as 7.4% for the 50% of my cash that it has invested so far.

Hello All, Just joined the forum .

My blood is boiling - The new business model just doesn't work for me, When i joined Funding circle i really thought it was rocket fuel with a difference, what do i mean i were in control of who i invested with, if i were greedy which i were at the beginning i were purchasing a unit (£20) all my investment were like that, however within two months these companies defaulted, so my argument was at the time where is your due diligence, they kept coming back to me saying i had to have a portfolio of 100 to compare, well in the first 2 years i lost £650 to this date only £94 been recovered.

I changed strategy because businesses were coming for property loans i invested in them  the loans were for less than 24 months, they were a collateral to all loans, so i thought i was onto a winner, pick who? invest £22? and develop a portfolio of 450 companies , 980 units , had no loses for now over 18 months, I were in it for the long term 20 years -30 years, then draw the interest as income, then on death pass the whole portfolio to my relatives to carry on with.  .


Then they introduce this new business model, what they should of done is to explained what truly the changes were going to mean? but existing clients can change over or grandfather rights , you continue as you are  and just new customers take the new business model up. 

But now I've a complaint going to stage 2 of their complaint procedure, at the same time am making a complaint to FCA , what I want to know if other people would support, and be a larger voice.

"Am playing football game during the game they tell me I have to score "two" goals, before "one" goal is counted as a win"

As of last week, I've now been drawing down money that is available because they is no way letting a machine and its high-tech algorithm to determine how to optimally allocate your funds, Ive learn't and gone through defaulted loans and its sole destroying , the new set up is you invest in high risk with high risk losses or you invest in £20 in A rated ,but I want £100 in that company.Just doesn't work, in the mean time am now exploring other peer to peer companies that would offer me, my choice my choosing , then it's my 90% my fault unless they don't do there side of due diligence. 

I compared the whole thing to entering a casino and the house placing your bets and deciding how much to bet.

Fortunately there is a way to curate your new loans. However with the current balls up that avenue appears to be goosed for the time being.