Funding Circle

[mikecmr]

Currently have a referral scheme going where if you invest £2000 i get £50 and you get £50 might not be for everyone as it is quiet a risky investment with no protection, but I'm currently getting a nice 8% back (this is where all my online earnings is now going)

Enjoy lending through Funding Circle? Tell your friends about us to gain a little extra! Simply share the sign up link below, and for every friend who goes on to lend £2,000 or more we’ll send you both a £50 Amazon.co.uk Gift Card

https://www.fundingcircle.com/investors/refer/KMWHNG

Funding Circle is the world’s leading marketplace exclusively focused on small businesses — more than £2.5bn has been lent to 25,000 businesses in the UK, USA, Germany and the Netherlands. Today, businesses can borrow directly from a wide range of investors, including more than 61,576 people, the Government-owned British Business Bank, the European Investment Bank, local councils and a number of financial organisations.

 

[Cas]

How long do you have to invest for ?

 

[Xorro]

Is it easy to withdraw your contribution?

 

[mikecmr]

You can invest in 5 year loans or 2 month loans with returns ranging between 6% and 21%, if you want out you can have a fire sale of your investment and sell the loans to other people and once they are sold you can they withdraw your money via BACS if i sold a £500 lump at the moment i would return £493 back after the fees which is about 1 months worth of interest.

Currently i am loaning out to around 50 separate loans and each morning getting a little amount paid back in which i can either re-invest or withdraw, but this is investments so its all about building up the pot

A few reviews from google i found
https://www.orcamoney.com/blog/funding-circle-review
https://p2pblog.co.uk/funding-circle-review/

 

[mikecmr]

updated with new scheme £50 amazon voucher for you and for me if you invest £2000

 

[mikecmr]

had a payment from them so not sure if it was off here but think you if it was

 

[mikecmr]

Share £100 with a friend

Enjoy lending through Funding Circle? Tell your friends about us to gain a little extra! Simply share the sign up link below, and for every friend who goes on to lend £2,000 or more we’ll send you both a £50 Amazon.co.uk Gift Card*.

Funding Circle - Earn a projected return of 4.5-6.5% per year

Open an account today to share £100 in Amazon.co.uk Gift Cards* with Michael. By lending to businesses your capital is at risk.

www.fundingcircle.com

refer a friend scheme is back, must admit i'm loaning to 320 businesses now and not had a default

 

[Castro]

Share £100 with a friend

Enjoy lending through Funding Circle? Tell your friends about us to gain a little extra! Simply share the sign up link below, and for every friend who goes on to lend £2,000 or more we’ll send you both a £50 Amazon.co.uk Gift Card*.

Funding Circle - Earn a projected return of 4.5-6.5% per year

Open an account today to share £100 in Amazon.co.uk Gift Cards* with Michael. By lending to businesses your capital is at risk.

www.fundingcircle.com

refer a friend scheme is back, must admit i'm loaning to 320 businesses now and not had a default

Wow you're very lucky. Don't expect it to last!!

I got out years ago (apart from the £200 in a fraudulent loan ) Most my p2p funds are in moneything now; high apr security backed lending. Not without risk obviously; but I think it's preferable to unsecured lending.

 

[mikecmr]

my loans are only £10 each my return each month covers at least one bad loan if it happens only deal in a and a+ loans too the structure has changed sibce you got out, you no longer pick and choose who you want to lend too

 

[Jon]

my loans are only £10 each my return each month covers at least one bad loan if it happens only deal in a and a+ loans too the structure has changed sibce you got out, you no longer pick and choose who you want to lend too

Are you putting in a larger set amount of just doing £10 a time? Sorry I'm very green with this sort of thing!

 

[mikecmr]

Are you putting in a larger set amount of just doing £10 a time? Sorry I'm very green with this sort of thing!

the min you can transfer in is £100 a time so I slap it in a cash isa with bits and pieces I make here and there and when it gets to a good amount transfer it into funding circle around 200 a month at the moment.

The process is all automatic so you put in your cash and then when new loans you buy a part £10 on each loan or you buy loans that other people are selling none are more than 10

 

[mikecmr]

just like to say whoever clicked the referral link above and invested, you should have your £50 amazon voucher now

 

[mikecmr]

had another referral come through, nice £50 each for us

 

[Jon]

Are any of you caught up in this with funding circle?

Funding Circle savers hit by exit fee after 134-day delay

Funding Circle investors who have already had to wait four months to get their money back are now being clobbered by a 1.25% withdrawal fee.Like most peer-to-peer platforms, Funding Circle links up borrowers and investors. Its focus is on putting cash into smaller, growing businesses.When a saver as

www.thetimes.co.uk

 

[mikecmr]

I haven't had to sell any, but I think its just something to think about when selling a bit sneaky of them to start charging but it if you have made money and are not out of pocket its something to take on the chin (IMO)