Wellesley & Co reviews
Wellesley & Co reviews
Review summary
People rate this company as Good based on 6 product reviews
Latest positive rating
Had a great experience with wellesly
Quick and easy to invest and gain returns above what other standard current account offer. Withdrawals and prompt and within the time frame specified.
Latest negative rating
Antiquated systems, very poor bad debt record
Antiquated systems (ages before I was able to get monthly income directed to my bank account), very poor bad debt record (a largg slice of... Antiquated systems (ages before I was able to get monthly income directed to my bank account), very poor bad debt record (a largg slice of my 5yr investment is currently in default, so clearly not well enough spread), persistent emails trying to get me to invest more. I'm definitely glad I only put a toe in the water with them with a very small slice of my investment pot. Never again. Read more Read less
About Wellesley & Co
Wellesley & Co lend to borrowers whose assets provide tangible security over their loan. Smart Money People is the place for Wellesley & Co reviews. Read and write reviews to help increase trust and transparency in Financial Services.
Reviews for Wellesley & Co
Showing 6 of 6 company reviews
Antiquated systems, very poor bad debt record
Antiquated systems (ages before I was able to get monthly income directed to my bank account), very poor bad debt record (a largg slice of... Antiquated systems (ages before I was able to get monthly income directed to my bank account), very poor bad debt record (a largg slice of my 5yr investment is currently in default, so clearly not well enough spread), persistent emails trying to get me to invest more. I'm definitely glad I only put a toe in the water with them with a very small slice of my investment pot. Never again. Read more Read less
Had a great experience with wellesly
Quick and easy to invest and gain returns above what other standard current account offer. Withdrawals and prompt and within the time frame specified.
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2/5
Hard to get verified, bad interest rates, and open during banking hours only.
To be verified you will need to physically mail in official copies of banking statements, your ID, and other personal information with public notary stamps... To be verified you will need to physically mail in official copies of banking statements, your ID, and other personal information with public notary stamps on it. If you do online statements you can not be verified here as those will not count. Without verification it is impossible to invest here. The interest rates are only so-so and the better long-term rates do not offer compound interest. On top of it all, the company is only available during banking hours! There are much better places for investing that are easier to work with, easier to use, and with better interest rates. Read more Read less
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5/5
Trustworthy
I would recommend Wellesley & co to friends and family as they are trustworthy and seem to be well equipped to handle my queries.
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5/5
Better interest rates for savers
The dismal interest rates available from banks made me turn to peer to peer lending, with a little trepidation. The whole process was very easy,... The dismal interest rates available from banks made me turn to peer to peer lending, with a little trepidation. The whole process was very easy, all done online, sending the money from my bank and then choosing from a number of different interest rates and period for saving. I chose an 18 month savings rate and was very pleased when it recently matured. The return was avbout 3 times the best rate available from a cash isa. Yes there are risks but these are explained on the website. I would recommend it as an option for some of your savings. Read more Read less
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4/5
Good rates on offer
As I'm approaching retirement I have a fair bit of cash in accounts that are not exactly seeing much of a return. So Ive been... As I'm approaching retirement I have a fair bit of cash in accounts that are not exactly seeing much of a return. So Ive been looking around and came across Wellesley. They seem to be one of the more established companies that are offering rates I haven't seen for my savings since the 90s so a welcomed addition to my financial providers. Read more Read less
Products from Wellesley & Co
Showing all products offered by Wellesley & Co
Peer to Peer Lending
by Wellesley & CoWellesley & Co peer lending reviews on Smart Money People help people like you thinking about what life is like as a Wellesley & Co customer to find this out....
Peer to Peer Lending
by Wellesley & CoWellesley & Co peer lending reviews on Smart Money People help people like you thinking about what life is like as a Wellesley & Co customer to find this out....
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