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Folk2Folk reviews

Folk2Folk Logo
Rated Average • 3.33/5

Folk2Folk reviews

Unverified business

Review summary

People rate this company as Average based on 3 product reviews

Average score of 3.33/5
5 star
34%
4 star
33%
3 star
0%
2 star
0%
1 star
33%

Latest positive rating

4/5

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... 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. Read more Read less

{"display":"Ian","full_name":"Ian","avatar":{"url":"\/assets\/images\/default_new.png"}}'s avatar
Peer to Peer Lending
Ian 28th March 2016

Latest negative rating

1/5

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... 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. Read more Read less

{"display":"Red Black","full_name":"Red Black","avatar":{"url":"\/assets\/images\/default_new.png"}}'s avatar
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About Folk2Folk

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.

Reviews for Folk2Folk

Showing all company reviews

So many fees! Also fees may increase at any time

Peer to Peer Lending • 15th April 2016

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... 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. Read more Read less

{"display":"Red Black","full_name":"Red Black","avatar":{"url":"\/assets\/images\/default_new.png"}}'s avatar
Rated Terrible • 1/5
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Good to far

Peer to Peer Lending • 28th March 2016

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... 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. Read more Read less

{"display":"Ian","full_name":"Ian","avatar":{"url":"\/assets\/images\/default_new.png"}}'s avatar
Ian
Rated Good • 4/5
Read more product reviews
  • 5/5

    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... 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. Read more Read less

    {"display":"Kernowek","full_name":"Kernowek","avatar":{"url":"\/assets\/images\/default_new.png"}}'s avatar
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