Is AC the worst P2P platform on the market?

Seconday Market will go live on Wednesday 12th - so just 2 days to wait and we can try something different. If come Wednesday it is established that withdrawal times at discount are (say) under an hour would you still want to withdraw significant amounts whilst interest is still 3.75% ?

I think the creation of this thread is trouble making only, especially for those who have not been following all that has gone on and are looking for information. . The OP has been involved with many threads pertaining to this. 


I have reported the post for mods to consider.

Clearly not worse than Lendy, Collateral, Fundingsecure who have gone bust with heavy losses likely for investors.

Probably better than Moneything who are in voluntary winddown and lenders are likely to take some significant losses on several loans

Worse than Ratesetter who are slowly returning funds to investors but have just sold themselves to Metro for a song so clearly werent doing great? What about Zopa who have turned themselves into a bank? Or FundingCircle, can you get money out from them amongst all the defaults?

How about LendingWorks who have shut the SM and ceased paying interest, or GrowthStreet who have declared a resolution event and therefore effectively sequestrated all investor loans into a common pool

Is Octopus Choice worse as they have stopped people from getting out apart from via loan redemptions?

Perhaps need to define your definition of 'worst'

Edit Absolutely no objection to this post disappearing if the thread is killed

Its good too see you back making these types of threads Jason 

March 2020, there is something about this date economically, can anybody guess why??? 

I don't know if it breaks any rules to criticise a platform- I suspect not unless there said platform is being libelled. IMO, the odd thread like this is a good thing. Someones clearly frustrated and why shouldn't they be able to vent a little anger and gauge the reaction of the their fellow forumites ?

As the OP is discovering, most others with cash in the platform will act to present someone such as the OP as a lone voice and that everything is fine. I find that somewhat synthetic positivity even more annoying.

For the record, I turned on the withdraw taps at least a year ago but still have just into 4 figures across family accounts.

If it were frustration with a sound basis, that would be another matter. But continual new threads and posts which make such inane comments - born of (wilful?) ignorance - are extremely tiresome and extremely detrimental to this place, which should be a generally helpful resource for P2P investors, not a place to just come and post whatever nonsense you want because it makes you feel better.

Also, the idea that those criticising this post are pretending that "everything is fine" is also ludicrous.

The point I am making is AC is supposed to be one of the top players in P2P.


Instead of doing testing in the background on a test platform they have decided to do something on the live platform, the result being we can't withdraw meaningful sums of money.

They may well have explained what and why in the email.

The point I am making is why should we as investors ACCEPT it? I have bills to pay, if you want to deliver some kind of upgrade then that is a matter for you.

I want to say NO, go back to allowing people to withdraw cash in meaningful amounts and if you want to add a new feature on your platform do so without this disruption, it is simply not good enough.


I am fed up of too many companies using Corona Virus and bla bla for their own incompetence, that is exactly what this is, incompetence from a company that is taking it' time delivering  new feature that has been discussed for months.