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Old 23.05.2019, 13:48
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Does anyone here invest in P2P lending?

To me, it just looks like a huge scam and I'm surprised that many people are investing into this.
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Old 23.05.2019, 14:07
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Re: Does anyone here invest in P2P lending?

I've heard some pretty bad stories about people just about breaking even or losing money and then it taking months to withdraw the money.
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Old 23.05.2019, 14:39
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Re: Does anyone here invest in P2P lending?

Also poor returns for the risk

I asked a while ago https://www.englishforum.ch/finance-...r-lending.html
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Old 27.05.2019, 11:51
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Re: Does anyone here invest in P2P lending?

I help found a P2P company in the UK which works because the platform puts savers and borrowers together and cuts out a lot of the expenses of a bank. But the problem in Switzerland is the industry is very small and tighly regulated, the last thing the big banks want here is upstart businesses eroding their savings base so the Swiss P2P sector is left with the unappetising crumbs, eg getting inexperienced savers to lend to early stage businesses with massive and difficult to measure credit risks.


It's still expanding and I haven't looked at the sector since last year so if people have good experiences in CH, please share.
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Old 27.05.2019, 17:47
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Re: Does anyone here invest in P2P lending?

Quote:
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To me, it just looks like a huge scam and I'm surprised that many people are investing into this.
It is sub prime lending and it's very worst - amateurs with money assessing creditors to whom no one else willing to lend to. There are two winners and one patsy. The winners are the borrower and the intermediary who collects a commission. And I'm sure you can guess who the patsy is.....
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Old 28.05.2019, 18:13
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Re: Does anyone here invest in P2P lending?

https://www.telegraph.co.uk/business...ce-firm-lendy/

Lendy seems to be the latest one to be going into administration. Apparently they only considered a loan to be late for their statistic when it was 120 days late.

60% of borrowers were in arrears. Madness
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