In January 2020, the GBP Peer to Peer lending sector was relativity quiet with no major announcements or platform news. Not so for the Euro lending platforms with no less than two of them going out of business and being labeled as “scams”. I’m not so sure I agree 100% with that notion as …
December 2019 was a relativity quiet month as far as P2P news is concerned, compared to the 3 preceding months anyway. The new FCA lending rules kicked in on December 9th, and Landbay stopped accepting retail investors (more on that later). My overall P2P income was up a little from November in both the GBP …
I have received several questions from readers about how I exchange & move currencies for investments in the Euro Peer to Peer lenders I invest with. So instead of continuing to answer the same questions over and over via email, I decided to write a quick post on the subject as it appears to be …
Huge changes happening with Peer to Peer platforms this month. Most of my biggest lending accounts (Assetz Capital, Lending Works, RateSetter) all reducing rates of return preceding the implementation of the new FCA lending rules coming on December 9th
Lot’s of exiting happenings with Peer to Peer platforms this month, including the Funding Secure collapse, and Funding Circle selling loans..
In September, income from the GBP Peer to Peer lending portfolio increased a little from last months £821.38 to £866.32. Funding Circle once again came in at a loss for the month because of default losses.
GBP Portfolio Overview In August 2019, income from the Peer to Peer Portfolio again took a small dip. The problem this time was all Funding Circle which once again hit my account with big default losses to the tune of £206.81. So instead of the usual £170+ income, I ended up with a …
UPDATE: 24/1/2020 – It appears that Envestio have ceased trading. Their website has been down for several days and there is a lot of buzz on the social media sites. No one has been able to get any information out of them as to what is happening. They have been having some problems likely caused by the recent Keutzal wind down and the following “bank run” where everyone was trying to sell their loans and get out. I’ll update more here as I hear it.
In July 2019, income from the Peer to Peer Portfolio took a bit of a dip. I was trying to figure out why this was. The income from Funding Circle, Lending Crowd, and Kuflink were all off in July for starters. Looking closer I realized that I took the numbers for the June update on July 1st, and it appears that it makes a huge difference to the income figures as many of the repayments come in on the 1st of the month, so the stellar figures in June it seems included some of the repayments for July.
GBP Portfolio Overview June 2019 was (again) the best month yet for the GBP Peer to Peer Lending Portfolio! The £1000 per month income barrier was blown away in June, with a return of £1,239.43 in GBP! More than £200 better than any other month. Funding Circle, Lending Crowd, Unbolted and Kuflink …
