Terms, Conditions, Cookies and Privacy

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Whether you want to know:

  • How and when you (especially journalists and other businesses) may re-use or cite a small piece of our content or ideas, or
  • What we agree to do for you to make this the most trustworthy financial comparison site, or
  • About our policy for investment disclosure, or
  • Our rules for posting comments under articles and blogs, or even
  • About our liability if we get it wrong
  • Disclaimers regarding our products and services

It’s all in here.

We’ve tried to make it as plain English as possible but let us know if you don’t understand something.

T&Cs for everyone

By using this site, you accept that:

  • The 4thWay® website is not intended for use by any person in any country where such use would be contrary to local law or regulation.
  • The information in the 4thWay® website is journalism that is for information purposes only and opinions are just that; they are not personalised recommendations so please do your own further research.
  • 4thWay® makes no representation or warranty as to the completeness or accuracy of the information contained in the website.
  • The information on the 4thWay® website may be withdrawn or changed at any time without notice.
  • The information on the 4thWay® website should not be deemed to constitute investment advice and should not be relied on as the basis for a decision to enter into a transaction.
  • Lenders/investors should consult their own advisers before entering into any P2P lending transaction.
  • 4thWay® accepts no liability for any losses or consequential loss incurred by lenders/investors acting upon any information on the website.
  • The information on the 4thWay® website may be used or reproduced for lenders/investors’ own personal reference use only (but may not otherwise be used or reproduced without the prior written consent of 4thWay®).
  • You may not make public any content, thoughts or ideas that we make available to our paying customers only, without our express permission. This could include (but not be limited to) some special reports, and other information, data, articles, guides and social content.
  • These terms and conditions and your use of the website are governed by English law and you submit to the exclusive jurisdiction of the English courts.

About our ratings and risk scores

It is a big challenge rating investments accurately, not least because we rely on data and information from P2P lending companies and others. That’s why, while the 4thWay® PLUS Ratings and 4thWay® Risk Scores are objective, consistent mathematical measures of risk and return that we are proud of and are working to improve all the time, they are not infallible. We can never cover all risks perfectly in a score.

The 4thWay® PLUS Ratings and 4thWay® Risk Scores are indicators for guidance only; they are not guarantees or promises. Furthermore, this an average; performance will vary based on the specific loans that you are lending in, especially if you lend to very few borrowers.

The 4thWay® PLUS Ratings and 4thWay® Risk Scores and scores assume you spread your money (and risk) across a lot of loans. If you cannot do so then lend less through that specific P2P lending platform so that you have more money to lend across other platforms. In that way, you can still spread across lots of loans with similar PLUS Ratings and Risk Scores.

4thWay® models the risks more conservatively than the P2P lending platforms and most or all other independent analysts in order to give lenders a margin of safety. Hence, our projected outcomes in a severe recession are likely to be worse than you’ll see projected elsewhere.

Our responsibilities to you

  • We shall respect the decisions of the Panel of Peers, which is a group of website users nominated by you, when they ask us to.
  • We will always give you free access to our full comparison tables for retail users, showing every P2P lending companies that provide us with enough information about themselves to be listed.

Investment disclosure

The opinions expressed on the 4thWay site are the opinions of the author. The author does not invest in Wellesley or lend through it. 4thWay is not regulated by the FSMA. Journalists writing for 4thWay are subject to 4thWay’s Editorial Code of Practice, which is based on section four of the Financial Times’ Editorial Code of Practice.

Fair usage policy for journalists, bloggers and businesses

The content, ideas, thoughts and research expressed on this website takes a lot of time and investment and so we must protect our hard work through copyright and our other legal rights.

This is about fair and commercial use of our data and content. All of the material published on our website and other digital/wireless platforms is protected by copyright law. That’s why:

  • You may cite 30 words from a 4thWay® web page, without special permission, either verbatim or in abstract if you clearly credit us and link to the source page, and provided you don’t use those words to promote any product or service.
  • If you want to take data, images, calculations, research, or anything else that is more than a short quote, please contact us to discuss terms. In most cases, we expect to authorise their use provided we are clearly credited, but we might prefer you to link to our website or charge a fee for its use.
  • If a citation or multiple citations, or your short quotes of our data, images, calculations, research, thoughts or ideas, reduces the need for users or other third parties to access our content directly, or which creates revenue from 4thWay’s content to the detriment of 4thWay’s own ability to generate revenues from that content, then the action is not permitted.
  • Scraping data from our website and using it in your own services or blogs is strictly prohibited. If you want to use our data, please get in touch for a quote, and we might be able to help you technically, too.
  • You may not make public, re-sell or re-package for commercial use any content, thoughts or ideas that we make available to our paying customers only, without our express permission. This might include some 4thWay® PLUS Ratings and 4thWay® Insight Reports, and more. However, you may link to them.
  • If we notify you that we believe you’re working outside the above parameters, you shall cease doing so immediately and your rights for doing so shall be withdrawn.

In addition, content, opinions or research on this website is occasionally from another party, in which case we will always credit the source. We ask that you respect their hard work by doing the same.

Our cookie policy

This site uses cookies, which are small text files that are placed on your machine to help the site provide a better user experience. Our cookies are used to:

  • Retain your preferences.
  • Speed up our website on your computer.
  • Collect anonymous information about how users use our website, so that we can improve the website.

Our cookies also include third-party ones, which means anonymous data is also sent to other companies:

We use cookies from Google Analytics and MixPanel, both of which help us to decide what users collectively like and don’t like about our website and keep track of the number of visitors.

We use cookies from Optimizely, which allows us to test two different versions of our website at once, to see which our users prefer.

Disabling cookies

Our cookies will make your browsing experience better, e.g. by speeding up the time it takes to load web pages or helping us learn what users struggle with on our site, so we can improve it.

However, we respect your privacy, which is why, unlike most websites, we’re planning to find a way to allow you to opt out of cookies that help us track our users collectively and anonymously.

Also, you might prefer to disable all cookies on this site and on others. You can do this in your browser by consulting your browser’s Help section or by taking a look at the About Cookies website, which offers guidance for all modern browsers.

Our privacy policy

We will not pass your personal details to anyone else.

We will not store your personal details, except where it is absolutely essential for running the services you ask for, e.g. if you sign up to our newsletter, we need to store your email address.

Article and blog comments

The vast majority of commenters on the internet are polite. They might politely disagree with opinions, but they don’t call people names, describe people in critical or disrespectful terms, or libel them. We hope you’ll take the time to state your opinions, and we welcome vigorous debate. However, please don’t turn this into a bar-room brawl.

4thWay’s terms of use allow for civil comments that are conducive to discussion. In other words, think civilised, understanding, ancient Greek Assembly rather than a jeering, snorting House of Commons.

You’re permitted to comment provided that you do no name calling, trolling or any thing that could be construed as an insult or a personal attack, or other comments about another person that could hurt their feelings or arouse anger

To avoid having your post removed or blocked, if you strongly disagree with what someone says, don’t call them an “idiot”, “touchy” or worse. Instead, explain that you disagree and then state calmly why you do so.

Research has long shown that, if you want to influence people, remember that you can only do so by understanding why they think the way they do. Put yourself in their shoes. We are more likely to influence people in a positive way if we say positive things, whereas people tend to react badly both internally and externally when you criticise.

The golden rules of posting comments

These rules must be followed by all users:

1. Respect other people and their views at all times, even if you vigorously disagree and even when you have doubts about another person’s character. This also means not using any words whatsoever that could be considered name-calling.

2. Stay on topic. Debate the article’s or blog’s issues without airing your views about any related people or other commenters.

3. Only comment after you’ve read the entire article to ensure your point hasn’t been covered already.

4. A good number of people commenting on the Web have their own businesses or blogs, but most don’t abuse open conversation by advertising their businesses in comments. Please respect that here too. So no advertising or spamming, and please note that if you put a link in your message it might take a while to appear on the website, as it will need to be moderated first.

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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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.

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