Report this profile Activity Volunteering at the vaccination centre (the Hive) today! 1 April 2018 at 4:30PM. Look at Ratesetter UK, they halved their rates due to COVID (to put into provision fund), even before COVID the rates were bad. Small glitch in the system for me to approve the loan which I communicated by email as enquiry line had over 15 mins waiting times. Small fee and the interest rate were very reasonable. There are three ways of investing - fixed for 1 or 5 years, or on a rolling basis. The rate has matched, but then RS have left the loan "waiting to be formed" for two weeks after matching. RateSetter's demise and klarna comes in what changes do you want to see ... For me phones reserved whilst waiting on decision. Just a note to say that Ratesetter have not accepted any new loans for over half a year, so all of the reviews saying how 'efficient / helpful / superb with money in my account fuss free' must be by people who have collective amnesia and forgot to write reviews when they actually used the company 7 months ago. RateSetter provides information on the lending mix here and will inform you when material changes occur, including by posting information as a notice in your online account. Check out what 6,985 people have written so far, and share your own experience. Do you agree with RateSetter's TrustScore? As well as keeping cars on the road, the AA could offer you a competitive personal loan to help buy one – or pretty much anything else for that matter. Meanwhile borrowers can get a loan charging less than 4%. I opened a ratesetter investment account about 6 months ago as I had money from the sale of my house and savings I built up from my work income. antonio75. I think they're a pretty good company. axxxh. If you have, Ratesetter will email you to confirm whether your loan application has been accepted or declined (this can take up to 24 hours and please check spam box as well). Before you take out an AA personal loan, it’s smart to read up and shop around. Login Register Register Voice your opinion today and hear what 5650 customers have already said. The waiting period to reapply for a loan with a lender after being rejected varies depending on the lender but can be between 30 and 90 days. Ratesetter works slighly differently to Funding Circle in that it matches loans to investments in a market-style way. | Read 2,901-2,920 Reviews out of 6,770 RateSetter charges no lending fees, which is great news for savers like us. ictquizzer Forumite. Read full article » RateSetter's Competitors | RateSetter's News | RateSetter's Financials. Applying for the loan was simple and income evidence did not have to be emailed in paper form which made the process quicker. The RateSetter group is a P2P lending pioneer, having been the first globally to introduce the concept of a provision fund to help protect investors from borrower late payments or default, helping to make P2P lending simpler and safer. It seems they do mean 'invested continuously' They say that they will ignore time waiting for loans to be formed, but to avoid risk of being ineligible, I must not transfer, … | Read 2,581-2,600 Reviews out of 6,986 Strange how they have only got around to doing it today. Check out what 6,986 people have written so far, and share your own experience. Hi, we purchased the phone yesterday morning, how long do ratesetter take to get back to you, and when they do what do they ask, also do they get back to you via email or phone? RateSetter is currently closed to new investors and, at the time of writing, says it is temporarily not accepting loan applications. 1 April 2018 at 4:30PM. You can check with the lender to confirm the exact timeframe. Indeed, verybigchris has hit nail on the head. The returns you will get on there are far higher than any savings account - especially if you can lock some in there for the longer term options (3-5 years). You can use the table below to see how much you’d be likely to pay for the loan amount you have in mind. I am waiting for the volume to pick up a bit though, before I become more heavily involved. Waiting for RateSetter. Ratesetter UK also up for sale because the margins are getting worse (all the good credit borrowers are probably also tapped out). Metro Bank’s takeover plans for Ratesetter could stumble over concerns about its reputation being trashed if the peer-to-peer lender’s existing loans go bad and investors lose money. P2x sites dealing mainly in EUR investments. Merger and Acquisitions: Metro Bank plc will acquire RateSetter formed a partnership with the RateSetter group from the United Kingdom, the largest peer-to-peer lender in Europe. Extremely rewarding - together we can beat this! The provision fund has been climbing for 4 months and is now above the 125% minimum ta Waiting for comfirmation Waiting for comfirmation ... Have you applied for a phone loan through Ratesetter, allowing you to buy a phone from giffgaff and pay monthly for it? Head of Loan Operations at RateSetter London, United Kingdom 446 connections. Over £2.5 billion has now been lent through the RateSetter platform. 219 posts. | Read 21-40 Reviews out of 6,447 Hello There, Guest! The fees for RateSetter's personal loans vary depending on the loan term and loan amount. EUR P2x Sites Waiting for the loan approval ... but some people have mentioned that once Ratesetter approve their loan, they then have to complete the purchase, so it is possible that the phone may not be showing as purchased for you yet as no payment has been made for it. 5,290 people have already reviewed RateSetter. Source: RateSetter Blog RateSetter Blog Why are SMEs in the dark about their credit scores? And what do you do if they don't get back to you, we are very nervous lol! In reality the term can easily drag out to one year because, like a bank that borrows short and lends long, it has to find new lenders to replenish funds. | ratesetter.com | Read 1,201-1,220 Reviews out of 5,290 RateSetter facilitates loans to UK individuals and businesses – further detail is provided below. Do you agree with RateSetter’s 4-star rating? Waiting for the loan approval where can I find my phone order comfomation page/info. #covid #nhsheroes #vaccine Liked by Emma Kanutin. Take RateSetter's one-month loan. Check out what 6,447 people have written so far, and share your own experience. Newly formed Allica Bank has received a £26m investment and is in talks to raise a further £100m to boost its efforts to break into the UK business lending market. How long do they take to get back to you with the credit check, I ordered a phone this morning but still waiting for the confirmation jfc1951 joebl28777 the turn around time is stated to be within 24 hours. Read Jools3007's review of the RateSetter www.ratesetter.com, 78 of 625 RateSetter www.ratesetter.com reviews, & compare with other Personal Loans at Review Centre | Read 2,661-2,680 Reviews out of 6,985 General EUR P2x Discussion. Do you agree with RateSetter’s 4-star rating? Check out what 6,770 people have written so far, and share your own experience. Join to Connect RateSetter. 0. I've dabbled with Ratesetter since they launched in Australia. Well, I've had two replies from RateSetter, and I'm not overly pleased by either of them. Join the conversation at Frank. Do you agree with RateSetter’s star rating? Changes to UK was also all loans are pooled. It’s important to make sure you’ve strengthened your application to improve your chances of … Borrowers do pay a fee. It's nothing to do with being in a queue, it's with the loan stuck at "waiting to be formed" for a fortnight after being matched. Voice your opinion today and help build trust online. Locking your money in for longer gives you access to better rates, but at a high level your investment’s interest rate is governed by the market when your money is invested. Do you agree with RateSetter’s 4-star rating? RateSetter claims that rate is competitive with the mainstream banks, and says banks are its competition (rather than it simply getting all the bank rejects). 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