I have been with FC for 3-years and it was a good site , very flexible. They have today, changed how the platform works, now investors cannot review loans nor pick the loan you wish to fund, you can only pick two options with selected % bands , they will be the one to pick the specific loan for you , however they take no responsibility if the loan defaults. This is a real problem for investors, who wants someone you don't know picking unknown loans and allocating your money against them ?? Its a real shame as FC was definitely one of the best P2P Platforms... I see this as a real mistake and certainly a real disadvantage for investors...sorry FC bad move.

Found them quite easy to use. They offered us an unsecured loan at 18 %. We could get a similar deal with our bank at 8%.

OK so I hate getting unsolicited mail shots. But the letter I got from The Funding Circle intrigued me, it seemed too good to be true. The fact is that it has proven so, here's why. The first thing that was a breath of fresh air was the way their account manager dealt with my enquiry. The process was described as simple, everything was done on-line and responded to in nano seconds with a great customer portal to track progress and back up options like using email or just speaking to the account manager. Best of all I was treated with respect and positivity. Unless you've made it and are rich, the banks always look down their noses as small business, especially in the early stages of development. Whist the due diligence that the Funding Circle does is exactly the same, it's the attitude and sense of real partnership with us as a client that really makes a difference. That on top of a well thought out, straight forward and fast service means the result is I have already made two referrals.

Funding circle have been brilliant. I applied a while ago but had to wait for my accounts to be finalised. Once they were done the process was fast and simple. I was kept up to date every step of the way. Can't thank them enough...onwards and upwards for my little business now. I liked the fact I had a named account manager and could contact with any queries.

would recommend funding circle to any one excellent telephone service and communicatence

I applied for a loan for my company and within 2 weeks (would of been sooner however, I slowed down the process!) it was approved. It was simple easy and a breath of fresh air. Wish I had been aware of it years ago -

This was a seamless and the most straightforward experience of funding in my 45 years in business.

There is lack of transparency and information given when the loan is being applied for. New information comes to light as we go along which is not the way a good lender should be. All terms and conditions should be properly shown and informed before the loan applied for goes on the platform rather than being given a situation where it is too late to back out or for the borrower to be fully aware of what he is putting his hand into. The methodology of fixed rate platform is still very unclear in terms of the borrower not having the choice and also the rate not being certain and changing within a period of 12-24 hours which does not seem logical. It appears that there is something that is not right or fishy as transparency is totally lacking. It only appears that the there is a push to earning your commission and trying to attract the investor with higher rates rather than getting a fair deal for borrower and lender ( investor)

i am lending over 300,000 pounds and the FC computer can't give me my transaction statement details electronically in the later stages of the month.they do email but this is not what i expect from a peer to peer lending organisation

I've invested a relatively small amount and am glad that I didn't put more in, as returns are gradually falling significantly due to defaults on payments. This seems to be happening more and more - may be due to using Autobid, which I plan to stop using. Return rate is still more than most other investments and I like the principle of peer to peer lending, but don't believe the return rates they quote - mine is now 4.1%, having been considerably higher. Website is very easy to use and navigate, information about companies borrowing is good. I think they should now follow the example of other companies in the same business and set up a fund to make sure nobody loses any money.

Called to inquire about a loan for my company that has been established for 2 years now. Just need some cashflow assistance to get to break even. I was told that they only look at helping you out once your company has shown profit for about a year, which makes this no different from the banks, does it? Disappointed, after all the hype that was given on the website, which I feel now is a little deceiving.

in june 2014 i had about 330000 invested in FC.i didn't get my transaction details over the last few days of june july august and september.i was told repeatedly that the tech team were doing all they could to rectify the problem.oct nov dec jan were OK.in feb my money in FC hit about 280000 and the transactions again became unavailable to me on my computer at the end of the month.i am computer dense,but it seems that my selling was more important than FC efforts

After waiting three weeks, finally got an answer to my loan request. Actually did not make a lot of sense. Had better experience with banks.

I have put into funding circle over 50K and have not yet had one default or bad debt. Maybe i am one of the lucky one's, i never lend a company more than £100 exept 4 property developers where i have lent £500 because of the 2% cashback. If i do sell loan parts they allways go in a day or two if you do not add a premium. I do not use auto bid i chose my own that way you get a better return and can check out the company first. The only complaint i have is that FC take too long about informing you about things like late payers and so on

I have been using FC for two years now and have noticed a change in returns due to bad debt and defaults, previously i was averaging 6.2% but never any higher now i have calculeted that the average has dropped to around 4.9% Still better than the High St. Bank but rmember it is not so fast to sell loan parts and get your money back if you need it in a hurry, this is probably good for people who invest small amounts and can keep it in for 3-4 years, remembering you really have very limited control with this product. I think the reported,estimated returns, after even after debts are to high and difficult to achive.