FundingSecure launches 30-day access account

September 13, 2019 | Marc Shoffman

FUNDINGSECURE has launched an easy access-style product for investors that will let them withdraw money from their account in 30 days.

The peer-to-peer pawnbroker’s 30-day access account, called FS30, offers a target annual rate of five per cent.

It will … Read More

Questions remain as Collateral moves toward liquidation

April 29, 2019 | Marc Shoffman

COLLATERAL’S administrator is still investigating discrepancies in the valuation of assets and bank account balances as the peer-to-peer lender prepares to be moved into liquidation.

A final report from BDO, which took over the administration of the collapsed platform in … Read More

Unbolted borrower seeks investor details for legal claim

April 25, 2019 | Marc Shoffman

A SECOND case has emerged of a disgruntled peer-to-peer borrower threatening legal action against investors and the platform.

P2P pawnbroking platform Unbolted has been embroiled in a legal dispute with a defaulted borrower, who has requested the names and contact … Read More

FundingSecure loanbook approaches £300m milestone

January 8, 2019 | Marc Shoffman

FUNDINGSECURE’S loanbook approached £300m at the end of 2018 as the peer-to-peer lender promised a new approach to lending and investment.

The P2P pawnbroking platform told investors it would be making announcements in the coming months that would provide “new … Read More

Collateral administrator seeks investor permission for borrower legal action

January 7, 2019 | Marc Shoffman

COLLATERAL investors are being asked to give the failed peer-to-peer lending platform’s administrator permission to take enforcement action against borrowers who are unable or unwilling to repay their loans.

The P2P property and pawnbroking platform collapsed last year and its … Read More

Collateral considers shifting platform to smaller P2P loans

February 5, 2018 | Marc Shoffman

SECURED loans provider Collateral is reassessing its business model after finding the projects on offer are too big for its investor base.

The peer-to-peer platform, which provides finance secured on land or property, said in a note to investors on … Read More

Collateral investors hit by Santander banking glitch

July 27, 2017 | Marc Shoffman

PEER-TO-PEER pawnbroking platform Collateral has been affected by its bank partner Santander’s IT troubles this morning.

Santander customers have been taking to Twitter to complain about not being able to log in to their online bank accounts and Collateral investors … Read More