I’ve been inactive on the blog over the past year. So much has changed, and many of the old reviews are now completely out of date. Rather than updating the old reviews (which may be useful for future reference) I am planning to write a new series of posts called ‘P2P 2021’ which will revisit the P2P platforms I am / was investing in. What happened to… Painfully, some of the old P2P platforms and services have gone into administration or shut down. In some cases this meant delays to getting back capital investment rather than a complete write-off. In others a lot of people lost money. Of those ..read more

I noticed today that MoneyThing had introduced premiums and discounts onto the secondary market. I had one loan that I had been trying to sell for a good few months and wanted to try it out. My first questions were: How does it work?What is the maximum discount?When I sell, does the buyer pay accrued interest? How does it work? Here is how it looks for potential buyers: For buyers, it shows all of the current offers, starting with the biggest discount at the top. To sell, I go to the ‘my loans’ then just click the ‘sell’ button from the table: This opens up a box to s ..read more

I requested a sell out of my funds in the Assetz Capital GBBA account around a year ago, on July 23rd 2017. The GBBA account is the ‘Great British Business Account’ which is currently on series 2 offering 6.25% returns with a discretionary provision fund. I wasn’t particularly worried about the account or the returns from my investment, but I wanted to try to invest it myself either on some of their manual loans or on other platforms with a higher risk/return. There have been some questions around selling out of the GBBA and the utility of the discretionary provision fund on the account. It is ..read more

I wrote a post back at the start of March shortly after I heard that the UK P2P lender Collateral went into administration. As an investor in some Collateral loans it took me by surprise, and at that time I was hopeful of a recovery of the capital invested. This post is to look at some of the developments which have progressed since then. Communication from the Administrators As far as communication has gone, I received a series of emails from the current administrators, BDO, across May and June 2018. The emails have a confidentiality clause at the bottom, so I only want to give a brief summar ..read more