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Folk2Folk: Peer to Peer Lending reviews

Name: Peer to Peer Lending
Rating: 3.33 (3 reviews)

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3.33

Based on 3 reviews, last reviewed 15th Apr 2016

No new 5 star reviews

in the past 90 days

No new 1 star reviews

in the past 90 days

34%

33%

3 star

2 star

33%

Latest highest rating:

4

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 prot... Read more Reviewed on: 28th March 2016

Latest lowest rating:

1

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... Read more Reviewed on: 15th April 2016

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About this product

Folk2Folk peer lending reviews on Smart Money People help people like you thinking about what life is like as a Folk2Folk customer to find this out. What is customer service like? Is the online experience quick and simple? You can find this out by reading our Folk2Folk peer lending reviews. If you are a Folk2Folk customer, you can also write your review today!

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Folk2Folk Peer to Peer Lending reviews (3)

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 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

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

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