For many years, 4thWay has had a small, steady stream of requests from our readers to find out which P2P lending companies are profitable – which of them are making money. That’s why we have this guide, which we update kind of regularly. Lenders’ concern is that if these websites are not profitable then they… Read more
Matthew Howard
See Matt’s profile in About Us.
Which P2P Lending Sites Are Profitable?
Why Is Low-Risk P2P Lending Labelled As “High Risk”?
Mike Carter of the 36H Group has passed detailed data on P2P lending companies’ lending results to the FCA to demonstrate why this type of investing should be moved into a different, low-risk category. That’s according to P2P Finance News. 4thWay collects a huge amount of evidence from P2P lending companies and so we already… Read more
Best Lending Works Alternative
Hot on the heals of Zopa, Lending Works has closed for new lending by small investors. Most likely its decision was impacted by damage to its reputation in recent years, some of it justified. With lenders all expected to have their money repaid in full, it’s a shame to see another personal loans P2P lending… Read more
Best Alternatives To Zopa
Here are your best alternatives to Zopa, now that it’s converting to a bank from P2P lending. (Read The Real Reason Zopa Is Closing Its P2P Arm.) Zopa was the oldest P2P lending company in the world, founded in 2005, with an exceptional record. Most lenders made money every year and it lent billions of… Read more
Loanpad Now Profitable After Tripling Loan Book
Loanpad*, the bridging and development P2P lending company with the strictest lending standards in the industry, has tripled the total amount lent through its platform in 12 months to reach profitability in June 2021. It has reached this stage very quickly, as it only approved its first loan in 2018. Are profits stable? Loanpad tells… Read more
Lending Works Trustpilot Reviews By Lenders Are Hostile In 2021
I’ve looked through Lending Works Trustpilot reviews to find all the ones written in 2021 by its customers who have lent money. Trustpilot combines reviews from all customers, making it hard to distinguish between comments from its borrowers and lenders. The overwhelming majority of reviews are from happy borrowers. It’s nice as a lender to… Read more
Learn From Northern Provident Investments To Stay Out Of Trouble
Northern Provident Investments was a company I’d never even heard of that offered IFISAs. It recently shut down, possibly because it offered mini-bonds, which the FCA recently banned from mass-marketing. Clearly, it was small. It also seems likely it either didn’t offer P2P lending investments or that it was a blend of P2P lending and… Read more
LendingCrowd Loses Its 4thWay PLUS Ratings
LendingCrowd* has taken the rare step of deciding to no longer publish its loan book or provide 4thWay with it on a regular basis. As a result of this large step back in transparency, LendingCrowd has lost all its 4thWay PLUS Ratings on all its lending accounts. I’m going to tell you about loan books,… Read more
Why P2P Lending Should Be A Sizeable Part Of Your Retirement Planning
Has P2P lending outperformed long-run returns from the stock market, and with more stability? Where to look for information on shares I’d like to start by crediting the research on shares – and bonds – by Credit Suisse and the London Business School. If you can get hold of the Credit Suisse Global Investment Returns… Read more
Reserve Funds Don’t Give Full Protection, But There’s Something Better
RateSetter (which recently closed its P2P business with all lenders in profit after being sold to Metro Bank) and Lending Works* both had to adjust lending interest rates during the pandemic to cover the additional losses from the recession. Their reserve funds alone didn’t cover the full amount of bad debts. Some Assetz Capital* lenders… Read more