Which article on Funding circle

keitha
Member of DD Central

2024, hopefully the year I get out of P2P

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Which article on Funding circle Oct 8, 2019 14:48:47 GMT rweb likes this

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Post by keitha on Oct 8, 2019 14:48:47 GMT

found this article :-

www.which.co.uk/news/2019/10/funding-circle-investors-face-three-month-wait-to-withdraw-money/

why is this chap getting updates, why is he special

Most of my loans are not £10 segments, unlike what it says in the article.

its really a Poorly researched item, But then I spotted this one:_

www.which.co.uk/money/investing/types-of-investment/peer-to-peer-investing/funding-circle-review-ahb6v4z9qkbq

now this is 2019, says minimum loan part is £20, 0.25% fee to sell loans

it's an old item rehashed with minimal new input, really gives me little confidence in their reviews

corto Member of DD Central one-syllabistic Posts: 851 Likes: 356	Which article on Funding circle Oct 8, 2019 17:03:07 GMT Quote Select Post Deselect Post Link to Post Back to Top Post by corto on Oct 8, 2019 17:03:07 GMT Keitha, get professional advice

ceejay

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Which article on Funding circle Oct 8, 2019 20:53:30 GMT mikeb and Steerpike like this

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Post by ceejay on Oct 8, 2019 20:53:30 GMT

I learned a lesson about "Which" more years ago than I care to remember.

They did a piece on a subject that I happened to know something about, and pretty much every word of their article was ill-informed tosh.

Didn't fill me with confidence when it came to articles on washing machines or lawnmowers or whatever... and why anyone would expect them to have anything useful to say about investing beats me.

Stonk

Stonking

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Which article on Funding circle Oct 8, 2019 23:38:00 GMT Ace and rweb like this

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Post by Stonk on Oct 8, 2019 23:38:00 GMT

Oct 8, 2019 14:48:47 GMT keitha said:

Most of my loans are not £10 segments, unlike what it says in the article.

The article is littered with inaccuracies and basic misunderstandings. It's laughable.

Oddly enough, one of the things it is correct about is that FC gives you £10 loan parts! It only happens if your account balance is fairly small, though.

It amuses me that "Colin Ryder", an alleged "business analyst", worries about his FC investment only in response to the share price of FC (instead of, say, the repayment peformance of the companies he is lending to). I'm glad he is not analysing my business.

Steerpike
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Which article on Funding circle Oct 9, 2019 7:51:22 GMT

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Post by Steerpike on Oct 9, 2019 7:51:22 GMT

Oct 8, 2019 20:53:30 GMT ceejay said:

I learned a lesson about "Which" more years ago than I care to remember.

They did a piece on a subject that I happened to know something about, and pretty much every word of their article was ill-informed tosh.

Didn't fill me with confidence when it came to articles on washing machines or lawnmowers or whatever... and why anyone would expect them to have anything useful to say about investing beats me.

I had the same experience, I had been a long time subscriber and three articles were published that I knew contained inaccuracies and omissions that would be misleading for anyone less well informed on the subject. I cancelled my subscription and wrote to them to explain why, the response was uninspiring.

Minor shareholder in Assetz Capital

Post by keitha on Oct 8, 2019 14:48:47 GMT

Post by corto on Oct 8, 2019 17:03:07 GMT

Post by ceejay on Oct 8, 2019 20:53:30 GMT

Post by Stonk on Oct 8, 2019 23:38:00 GMT

Post by Steerpike on Oct 9, 2019 7:51:22 GMT