Saving Stream Review
Is Saving Stream safe? Is Saving Stream (Lendy) a good investment? Read my 100% unbiased Saving Stream review to find out.
– Saving Stream review updated Aug 2018
Overview – Saving Stream Review (Lendy)
My Saving Stream review here will be short and sweet, as after spending some time lending with Saving Stream (Lendy), I exited the platform very quickly because of defaults and very bad press they were getting. It wouldn’t be prudent to do a long Saving Stream (Lendy) review as I consider them a very high risk investment.
Saving Stream, now called Lendy, are one of the older (launched in 2013) Peer to Peer Lenders. Saving Stream started off reasonably well, however they quickly started to get many, many defaults which drove many of the retail investors away (including myself).
What is Saving Stream (Lendy)?
Saving Stream (Lendy) is a peer to peer lending platform offering secured property bridging and development loans. Briding Loans – These are short-term loans given to a property developer as they try to refinance. Development loans are longer loans extended to complete work whilst refinancing is sought. Saving Stream (Lendy) loans are given to the borrower at rates up to 1.5% per month.