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“Banks can't compete with Funding Circle, ”

written by scuba1944 on 26/11/2015

I am averaging 6.8%, I stick to the highest credit ratings and £20 each investment. Now with the fixed rate there is no rush to get your bid in before the time runs out, and i particularly like the interest only builders loan; where the principle is paid back at the end, and with first charge security, no worries, well not many.

I have only had one bad experience where the lender went bust after just one repayment, I thought Funding Circle had not done a good job in checking the credit worthiness of the company, but that was a couple of years ago and I have had no losses since.

As far as getting your money out if you have an emergency, I have had to do it and found it easy and surprisingly fast.