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Post by df on Jun 4, 2018 15:34:02 GMT
I started investing with Col at the very start when they were mainly focused on bling. It was great then with most of my money on different precious stones/ gold/ jewellery/cars etc. until they got heavily into property and they started raising the % rates, this is when l removed my few pennies and went to MT. When something seems to good to be true it usually is, they were giving like 14% interest when all other competitors were 10-12%. MT was good until l wasn't happy with a few loans in a short period of time which they took that was very very fishy (at least to me). It was quickly highlighted by further investigation from the contributors on this forum most of these loans had pretty serious problems. I understand most people take p2p loans when mainstream loans are not avaliable and appreciate. The fact that MT failed to find out or neglect to inform investors really affected my confidence and from then on l just removed my investments all together. A few fishy loans were even given the all clear by MT which didn't sit well with me. Here l am now with UB. To be honest, its not easy to put any substantial amount in anyway. Given A,B or C, maybe the bank is a better option until we have a clearer picture where p2p investments as a whole is going. 70% of my cash is in banks. The overall interest is low, but covers inflation more or less. I wouldn't feel comfortable investing more than I can afford to loose. Although I think some of p2p platforms/accounts are relatively safe, I wouldn't pour too much money in a single platform or loan.
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