P2P Money Blog

Squirrl.com has confirmed it is to close at the end of 2013.  We had predicted this only a two weeks ago, and unfortunately this has proved to be true.  Squirrl.com last made a loan in December 2012 and since then there has not been any new loans listed on the site.

Here is the full statement from Squirrl.com, courtesy of one of our readers:

Dear Squirrl Savers

It is now over a year since Squirrl was last active. We have not been able to come up with a suitable alternative and have reluctantly decided to close the site for the time being. From 1st January 2014 you will not be able to access the site.

Squirrl.com Ltd will continue to act as the Security Trustee and will manage all existing loans. The following arrangements are being made:

Please access your MySquirrl account before 1st January and request payment of all money due on the account using the current withdraw process.  We will pick up these requests and activate them on your behalf.

From 1st January we will pay you all loan repayments plus interest on the due date by cheque posted to your registered address on your MySquirrl account.

The email address [removed] will also stop working from 1st January. If you need to contact us please use [removed] from then on.

Our objective is to continue to provide a full repayment service and provided you follow the above simple steps we can assure continuity of contact.

Best wishes

The Squirrl.com Team