P2P Money Blog

The government has announced that peer-to-peer is to become a regulated activity in the latest Financial Servics Bill.  While other industries are resisting regulation, the leaders within the peer-to-peer industry, and consumers alike, have been pushing… more »

RateSetter have made some changes that have been discussed within the peer-to-peer lending community for a while.  First is the ability to choose between automatically reinvest the full amount or just the capital, taking interest as income.  This is com… more »

RateSetter has provided a positive statement about their provision fund which is used to repay lenders where the borrower defaults.  RateSetter currently has the lowest default rate of any comparable peer-to-peer provider and with the added protection o… more »

There has been a modest rise in bad debts between mid September and mid October for two peer-to-peer companies. Both Funding Circle and YES-secure saw an increase of 0.3% in their lifetime bad debts. This takes Funding Circle's lifetime bad debt to 1.… more »

Many happy returns to RateSetter who turned two years old this week.  It seems quite amazing for a company to go from nothing to arranging just shy of £37million in loans in 2 years in what was a niche sector.  In the last two years not a single lender… more »