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Peer to peer lending

(7 Posts)
ihatethecold Sun 03-Nov-13 20:03:54

I took out a peer to peer loan a couple of months ago.

So far it's all ok, I can pay it back anytime without penalty.

MuswellHillDad Sun 03-Nov-13 20:00:25

I did some Zopa lending over the last 3-4 years.

I lent only to borrowers with the highest credit score.

Bad loans were 0.48% of the money invested and fees were about 2% of the money invested. The net interest earned over the whole period was about 6%, before tax. That's quite low given it took more than a year to earn it. In addition, current interest rates are lower so future net interest would be lower still.

Teddy555 Mon 29-Jul-13 08:47:59

So how much do you need (on average) to invest in p2p?

evilkitten Tue 02-Jul-13 11:15:21

Peer 2 Peer lending is a nice idea, and there are a number of website out there that make it easy (e.g. Zopa, Funding Circle). It's quite an active and exciting way of investing.

However, there is a major issue, and that's that the losses you make (bad debt etc.) can't be offset against profits for tax purposes. This made the whole thing unfeasible for me.

RichardLuxmore Tue 25-Jun-13 09:51:58

Message deleted by Mumsnet for breaking our Talk Guidelines. Replies may also be deleted.

kalidasa Wed 22-May-13 17:28:27

I do, in fact I think I mentioned it in a post a day or two ago. But I've only started recently so too early to give much feedback, except that the websites I looked at while choosing were all well-organised and simple to use. NB that it is fairly high-risk, and at the moment the industry is not much regulated. I am happy with some fairly high-risk investment as part of a larger portfolio. But I have quite a high "appetite for risk" as they call it (!) and also enjoy making these sorts of decisions for myself. DH finds the whole thing ghastly and nerve-wracking and just wants something super-safe he can forget about!

casawasa Wed 22-May-13 14:33:39

Has anyone got any experience of peer to peer lending? If so have you had good experiences?


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