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Man Down!

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By on 20 February, 2019 | Read more by this author

One of your fellow 4thWay webite users, “JamesFrance”, has now retired from the user panel that governs 4thWay, after working voluntarily on your behalf for several years to ensure 4thWay remains independent.

4thWay's Panel of Peers ensures our accuracy, impartiality, and candid research. James, I want to give you a big thanks on behalf of all our website users for donating your time for their benefit.

As 4thWay's CEO, I must admit I take a kind of masochistic pleasure in giving away power to our users, just as I take a sadistic pleasure when I or one of my colleagues legitimately criticises P2P lending sites that pay us commission.

As an example, to date, we have put out more sell recommendations on P2P lending sites that pay us commission than on non-commission payers.

We have also had far more complaints from commission payers than non-commission payers about negative opinions expressed on this website, but we have never amended a single opinion as a result. Editorial integrity is paramount.

I'm glad to say that the Panel of Peers has not had much work to do in nudging us to make little improvements, and it has never felt the need to force us to do so, which is well within its power.

I am going to ensure it stays that way, because we take our independence very seriously and our number one goal – be supremely trustworthy and honest at all times – is what motivates all of 4thWay's people.

It is why I don't authorise any bonuses or work procedures at 4thWay that encourages our experts or our journalists to talk up commission payers or talk down non-commission payers. Everyone is encouraged to write their full and candid views in detail, and not to scrimp on explaining any relevant risks. Indeed, I insist upon that.

However, the ultimate enforcers of our independence and trustworthiness are yourselves – and there we have a temporary problem. With James gone, we are now down to just one website user running the Panel of Peers on his own. The word “panel” has already written in to complain it is being misused.

If you are potentially interested in helping your fellow 4thWay users keep us on the straight and narrow (and in relieving the vexed word “panel”), please get in touch either for more information or to be put up for nomination to the Panel by other users through 4thWay's newsletter.

neil.faulkner@4thway.co.uk

Read more in Your Panel Of Peers.

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What is the “4thWay”?

There's the savings way, the property way, the stock-market way, and now there's the peer-to-peer lending way. The 4thWay® to save and invest.
Learn more.

What does 4thWay do?

We help people save and make more money, more safely when they cut out the banks and lend directly to other people and to businesses.

Why use 4thWay?

4thWay® is shaped by investors, bank risk modellers and a senior debt specialist, and we're governed by our users to ensure our comparison services and research are trustworthy and complete.

Why are Wellesley’s interest rates different?

Wellesley’s P2P lending rates appear higher on its own website than on 4thWay®.

This is because we calculate Wellesley’s interest rates the same way most other P2P lending websites do. We do this so that you can compare the rates more easily and so that they show a more accurate picture of what you’ll earn.

Important information before you visit Wellesley & Co.

Wellesley & Co. is primarily a P2P lending website.

But, when you visit the Wellesley website, you’ll see that it also offers “bonds”. Unlike its P2P lending service, its bonds don’t allow you to lend directly to 100+ borrowers.

Instead, you lend to Wellesley and it lends to other borrowers.

We have not risk-rated either of those bonds, but we expect that their structure makes them more risky, particularly because you’re lending to just one borrower.

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Why are Wellesley’s interest rates different?

Wellesley’s P2P lending rates appear higher on its own website than on 4thWay®.

This is because we calculate Wellesley’s interest rates the same way most other P2P lending websites do. We do this so that you can compare the rates more easily and so that they show a more accurate picture of what you’ll earn.

Important information before you visit Wellesley & Co.

Wellesley & Co. is primarily a P2P lending website.

But, when you visit the Wellesley website, you’ll see that it also offers two “bonds”, one of which is available as an ISA.

Unlike its P2P lending service, neither of these bonds allows you to lend directly to 100+ borrowers.

Instead, you lend to Wellesley and it lends to other borrowers.

We have not risk-rated either of those bonds, but we expect that their structure makes them more risky, particularly because you’re lending to just one borrower.

Got it

×

Why are Wellesley’s interest rates different?

Wellesley’s P2P lending rates appear higher on its own website than on 4thWay®.

This is because we calculate Wellesley’s interest rates the same way most other P2P lending websites do. We do this so that you can compare the rates more easily and so that they show a more accurate picture of what you’ll earn.

Important information before you visit Wellesley & Co.

Wellesley & Co. is primarily a P2P lending website.

But, when you visit the Wellesley website, you’ll see that it also offers two “bonds”, one of which is available as an ISA.

Unlike its P2P lending service, neither of these bonds allows you to lend directly to 100+ borrowers.

Instead, you lend to Wellesley and it lends to other borrowers.

We have not risk-rated either of those bonds, but we expect that their structure makes them more risky, particularly because you’re lending to just one borrower.

Got it

×

Why are Orchard’s interest rates different?

Orchard’s lending rates appear higher on its own website than on 4thWay®.

This is because we calculate Orchard’s interest rates the same way most other P2P lending websites do. We do this so that you can compare the rates more easily and so that they show a more accurate picture of what you’ll earn.

Got it

×

Why are Wellesley’s interest rates different?

Wellesley’s P2P lending rates appear higher on its own website than on 4thWay®.

This is because we calculate Wellesley’s interest rates the same way most other P2P lending websites do. We do this so that you can compare the rates more easily and so that they show a more accurate picture of what you’ll earn.

Important information before you visit Wellesley & Co.

Wellesley & Co. is primarily a P2P lending website.

But, when you visit the Wellesley website, you’ll see that it also offers “bonds”. Unlike its P2P lending service, its bonds don’t allow you to lend directly to 100+ borrowers.

Instead, you lend to Wellesley and it lends to other borrowers.

We have not risk-rated either of those bonds, but we expect that their structure makes them more risky, particularly because you’re lending to just one borrower.

Got it

×
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