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Peer2Peer Finance News | June 25, 2019

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Personal Finance News

FundingSecure moves to reassure investors on loan updates

June 19, 2019 |

FUNDINGSECURE has told investors that it focused on delivering “timely and meaningful updates on loans” as the new management team’s assessment of its loanbook comes to an end.

The peer-to-peer pawnbroker said that the senior team installed in the last … Read More

Government to introduce 60-day breathing space scheme for those tackling problem debt

June 19, 2019 |

INDIVIDUALS and families struggling with problem debt are to be given a new period of “breathing space” from lenders and public bodies.

Those who have fallen behind on debts such as loans and overdrafts as well as tax payments will … Read More

Three reasons Lendy’s collapse shouldn’t put you off investing in P2P loans

June 3, 2019 |

WHEN Lendy went into administration, it was not exactly a surprise due to mounting arrears, but it still sent shockwaves throughout the industry. With the Financial Conduct Authority on the brink of announcing its final rules on reforms of the … Read More

Londoners don’t worry about debt…until it hits £7,457

May 29, 2019 |

THE AVERAGE Londoner doesn’t start to worry about their debt until it reaches £7,457, in the latest sign that the consumer credit crisis is worsening.

According to a new survey from Salary Finance, 22 per cent of London residents would … Read More

Growth Street boss says rising deposits show savers are losing out

May 29, 2019 |

GROWTH Street’s chief executive has called for banks to inform savers of higher-yielding investment opportunities, after new figures showed a rise in deposits held in instant-access accounts.

Data from trade body UK Finance showed that personal deposits in total grew … Read More

Zopa highlights rising cost of weddings for guests

May 28, 2019 |

THE AVERAGE wedding guest spends £390 on items such as accommodation and clothing, as the cost of attending a wedding celebration rises.

According to a new survey from peer-to-peer lender Zopa, Brits spend more than £112m to attend weddings every … Read More

Retail investors must steer clear of unregulated products

April 30, 2019 |

Claire Madden of Connection Capital says there are lessons to be learned from the collapse of London Capital & Finance

The recent collapse of London Capital & Finance (LCF) has understandably provoked an outcry, with much soul-searching about how such … Read More

Five ways to add IFISA diversity

April 4, 2019 |

THIS WEEK is the busiest of the year for ISA providers and ISA savers alike. As the end of the tax year approaches, investors and savers are rushing to make the most of their annual ISA allowance, while ISA managers … Read More

P2P transparency under threat after investors flout privacy agreements

April 1, 2019 |

THE HIGH levels of transparency vaunted by the peer-to-peer lending industry could be under threat as platforms warn that investors are sharing too much information about bad debts.

Several P2P investor forums have launched in recent years, creating a … Read More

Five last-minute IFISA ideas

March 26, 2019 |

THE END of the tax year is fast approaching, so if you haven’t yet taken full advantage of your £20,000 ISA allowance to make tax-free returns, now is the time. The peer-to-peer lending industry is expecting to see an uptick … Read More