4thWay's Quick Expert RateSetter Review
Professional business with a good record
Established in 2010 and with lending measured in billions, this agile P2P lending company has the longest record of zero losses to lenders, thanks to great borrower selection processes, very experienced people from the banking industry and a reserve fund set aside to cover expected losses.
RateSetter* is exceedingly transparent, so that we can assess its results in great detail using risk modelling and investing techniques. It is easy to spread your money across lots of loans.
When it is not investing to expand, RateSetter is already a profitable business – still a rarity in this new and growing industry. This background profitability might, however, be taking a hit due to a very large loan that has gone bad, but we still fancy RateSetter's prospects as a business.
Interest rates have sunk recently and bad debts have risen, eroding the large margin of safety we like to see. Lenders should consider re-lending repayments and interest received in order to lower their risks.
Independent opinion: the opinions expressed are those of the author and not held by 4thWay. 4thWay is not regulated by the ESMA or the FCA, and does not provide personalised advice. The material is for general information and education purposes only and not intended to incite you to lend.
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*Commission and impartial research: our service is free to you. We already show dozens of P2P lending companies in our accurate comparison tables and we keep adding more as soon as they provide us with enough details. We receive compensation from RateSetter and other P2P lending companies not mentioned above when you click through from our website and open accounts with them. We vigorously ensure that this doesn't affect our editorial independence. Read How we earn money fairly with your help.