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I looked into them a few years ago.
I felt far more at home with fundingcircle which invests in business growth rather then person loans to individuals.
There research was pretty robust and they had a risk grading too. That said no one had a default as yet. Not sure if that is still the case.
The industry has grown massively since then.
I decided to investment in the stock market instead. It was just too new with no track record. -
Briefly, but not really in a position to use them yet.
It's a good idea. When I looked at the p2p stuff before (pre-IFISA), paying tax while not being able to offset losses was an issue imo. The IFISA solves that.
The major players now seem to make you lend to a diversified portfolio they select. You choose what level of risk you go for. At this point the established ones seem to do a very similar thing to banks.
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wildwest
hugo7
@fizzy.bleach
Anyone looking at the IFISAs they've got now? I had to write a piece about one of the P2P lenders for work and it piqued my interest.