Funding Circle

[nosuchuser]

Following on from my 'Business Account actually paying interest' thread... Anyone seen/used this?

I wonder if I could invest from my business account...

[Wheelrepairit]

Ive had 2k invested for last couple months, just to really try it out and have a play.

All working well so far and plan to chuck a few more pennies at it in the future.

[hamski]

Yep - using it as an investment and for clients finance requirements

[x5x3]

been using it for a while now and so far so good - no bad debts to date

[hornet]

What are the implications if you normally pay income tax through PAYE? Tempted to put a little bit into this, but the thought of dealing with HMRC puts me off rather.

[ringram]

In my experience it sucks. Been in there since way back.
Zopa is much less risky. Personally Id avoid.
I also selected only A rated borrowers and moved up the rate, still resulted in a bad return. (+ve but only just)

Too much risk for too little reward.

[seaninog]

ringram said:

In my experience it sucks. Been in there since way back.
Zopa is much less risky. Personally Id avoid.
I also selected only A rated borrowers and moved up the rate, still resulted in a bad return. (+ve but only just)

Too much risk for too little reward.

I would have to agree. I think there is too much pressure on their credit committee to approve deals so the business can grow and given that they only ask for historical information, not projections or a business plan, I am worried about how thorough their analysis is.

I'd love to see it work as it's a great idea but I have my concerns about where all the investors will be in 2-3 years' time an dwhat impact any negative returns would have on the broader P2P sector