Saving Stream Any comments

Saving Stream Any comments

Author
Discussion

bearman68

Original Poster:

4,670 posts

133 months

Monday 10th August 2015
quotequote all
Saving stream appear to be offering a fully backed, completely risk free 12% pa, based on a peer to peer lending scheme

You know the old maxim - what seems to good to be true, is.

But I can't see the catch.

Thinking of chucking a few hundred quid at it and seeing where it goes to.

Any comments or experience?

TooMany2cvs

29,008 posts

127 months

Tuesday 18th August 2015
quotequote all
I've tried to dip a toe lately. All I can say is "good luck".

There's a massive imbalance between supply and demand. Three new loans - £1.3m in total - have gone live this afternoon. They sold out in minutes flat. Whenever anything in existing loans comes available, it goes in seconds - even if it's very very short term. There's nearly £9.5m of loans either already overdue for being paid back or due within the next month or so. It's going to get worse...

They're not the only P2P investment site out there, and whilst they might look like the most attractive, they're not the most practical.