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