Funding Circle response to “I would not recommend them…..”

Hi Emmalene

We are sorry to hear you feel you have not had a good experience lending with us.

It is worth noting that peer-to-peer lending should be viewed as a mid-to-long term investment with the secondary market being a feature of our platfrom and that accessing funds in this way is not guaranteed as it is contingent on there being investors available to buy loan parts from you.

As part of our ongoing measures to protect investor returns, we have taken the decision to pause the secondary market while we continue to evaluate the potential impact of Covid-19.

This forms part of a number of measures introduced recently. As a regulated platform, we also want to ensure that loans bought and sold by investors on the secondary market are priced fairly. This means taking into account the wider economy and how it might impact small businesses.

Given the current environment we have decided to be prudent and pause all loan part sales on the secondary market. This does not affect your ability to access funds from the monthly repayments you receive from borrowers. You will continue to receive monthly principal and interest repayments back of your outstanding portfolio every month.

Please get in touch with our investor support team if you would like to discuss this in more detail, give them a call on 0800 048 2467 or email contactus@fundingcircle.com

The Funding Circle team.