Platforms that have ceased

Not GraduRates, as RateSetter bailed the platform and its lenders out. What nice folks we were, but don't expect this to happen again. My vote (for what limited influence I have) is no, let lenders take their own risks if they are seeking higher yields.

I was a lender with Yes Secure/Encash, and the owner paid back the loans. Very noble and professional in the end. Although arguably the returns were not as good as expected due to bad debts (reminds me of a certain Eastern European platform   ).

Quackle lenders lost everything, although it was tiny. TrustBuddy only time will tell, but those administrators are expensive.... Hard to tell with Trillion closing to new funds. I expect that's more having to wait rather than losses.

Kevin.

I don't know, they just went into the consumer lending mix with all the rest of the loans. We didn't track their performance explicitly, but from liaison with Collections is hasn't come to my attention any problems. In reality it was a tiny portfolio (don't ask me exactly) and the positive press we got was way out of proportion to what we actually had to do!

Kevin.