Folk2Folk Reviews

  Ratings based on 3 reviews       Last review 5 years ago    

Folk2Folk reviews written by our Smart Money People can help you to find out more about life with this peer lending company based in the South West. Smart Money People is the UK's independent financial services review site. Read and write Folk2Folk...

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Folk2Folk reviews written by our Smart Money People can help you to find out more about life with this peer lending company based in the South West. Smart Money People is the UK's independent financial services review site. Read and write Folk2Folk reviews, and together we can help to increase trust and transparency in financial services.

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Folk2Folk Products 3

Peer to Peer Lending

So many fees! Also fees may increase at any time

I was considering this site until I found their buried Terms of Service and read it. Folk2Folk appears to have all clients (borrower and lender alike) pay for their own credit checks and anti-money laundering checks despite the fact that most sites... Read more

I was considering this site until I found their buried Terms of Service and read it. Folk2Folk appears to have all clients (borrower and lender alike) pay for their own credit checks and anti-money laundering checks despite the fact that most sites do this for free. In fact, everything that could be a cost is passed on to the user directly. There is a £225 fee to release funds from this site on top of all of this. According to the terms of service more fees may be added and fees may rise at any time.

Reviewed on 15th April 2016
Red Black's avatar
Red Black
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Peer to Peer Lending

Good to far

Nice website and easy borrowing/lending concept. Like all peer lenders though the going is good until a crash and remember that your money is not protected should defaults start to rise.

Reviewed on 28th March 2016
Ian's avatar
Ian
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Peer to Peer Lending

Great experience with something new

I was new to peer lending, so was pleasantly surprised when I encountered Folk2Folk. They are a friendly and very professional, and trustworthy business. The interest rates are get with them are beyond anything that any local bank offers right now.

Reviewed on 3rd June 2015
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Kernowek
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