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Peer2Peer Finance News | April 22, 2018

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Ranger Direct sees late loans and defaults decline

April 16, 2018 |

THE PROPORTION of late or overdue loans in the Ranger Direct Lending (RDL) investment trust portfolio fell in the final three months of 2017.

A fourth quarter update from the alternative finance-focused fund showed that out of its 7,297 current investments, … Read More

Consumer credit demand falls at fastest rate for three years

April 13, 2018 |

LENDERS saw the biggest drop in demand for unsecured credit for three years during the first quarter of 2018.

The Bank of England’s first quarter credit conditions survey asked lenders about their opinion on credit conditions and assigned a value … Read More

Crowd2Fund reports 83pc rise in IFISA inflows

April 5, 2018 |

CROWD2FUND has reported a boom in Innovative Finance ISA (IFISA) funds in the second year of the tax wrapper.

The peer-to-peer business lending platform said on Thursday that the value of IFISA funds held on the platform had increased 83 … Read More

Consumer credit is on the rise again

March 29, 2018 |

THE PACE of consumer credit growth increased in February after a slowdown at the turn of the year, due to higher spending on credit cards.

Bank of England data, released on Thursday, showed that personal borrowing increased by 9.4 per … Read More

LendInvest unveils second retail bond

March 15, 2018 |

LENDINVEST has launched a second retail bond to help fund loans on its property investment platform.

The former peer-to-peer lender is offering investors a return of 5.37 per cent a year until 2023.

Interest is paid twice a year and … Read More

BondMason offers to step in on Collateral loans

March 2, 2018 |

PEER-TO-PEER investor BondMason has offered to step in and manage the loanbook of the troubled Collateral platform.

BondMason, which invests in loans across more than 30 P2P platforms on behalf of investors, revealed it has invested 2.48 per cent of … Read More

Consumer credit falls for first time in five years

February 26, 2018 |

CONSUMER credit declined for the first time since 2013 as households scaled back borrowing in January.

Figures from banking trade body UK Finance shows the value of consumer credit – incorporating loans, credit cards and overdrafts – fell 0.2 per … Read More

BondMason launches satisfaction guarantee

February 23, 2018 |

PEER-TO-PEER investor BondMason is offering a money back guarantee to clients who are unhappy with its services in the first six months.

BondMason, which invests in selected P2P loans across approved platforms on an investor’s behalf, has launched a ‘satisfaction … Read More

P2P lending to form part of inquiry into SME finance

February 21, 2018 |

POLITICIANS are going to consider the availability and uptake of peer-to-peer lending as part of an inquiry into finance for small-and-medium-sized enterprises (SMEs).

The Treasury Select Committee of MPs will evaluate the state of the SME finance market and will … Read More

Lending Works unveils Open Banking partner

February 19, 2018 |

LENDING Works has partnered with credit reference start-up Credit Kudos to provide its Open Banking infrastructure.

The peer-to-peer consumer lender said on Monday that its borrowers will use Credit Kudos to automate the process of applying for credit by removing … Read More