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Peer2Peer Finance News | August 22, 2017

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Ryan Marais

RateSetter dumps £2.1m of bad debt

December 21, 2016 |

RATESETTER has sold £2.1m of bad loans to debt management company 1st Credit, in what is believed to be a first-of-its-kind deal for UK peer-to-peer lending.

The non-performing loans were written between 2010 and 2015. These tend to be loans where … Read More