Lot to be expected

Funding Circle www.fundingcircle.com
★★★★☆
4.3
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ChristopherHoover's review of Funding Circle www.fundingcircle.com

“Lot to be expected”

★★☆☆☆

written by ChristopherHoover on 04/07/2015

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)

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