User Control Panel; FAQ; Advanced search. Dark Theme. More in FRM . I have £1,300 tied up in loans which I doubt I will ever see again.FS have a nasty habit of changing the goal posts. "we're trying to make contact with the borrower and will update lenders next week - followed by no update for 3 months". Funding Secure then put these loans on the platform and pretended they were all to different people. THIS COMPANY IS A NIGHTMARE!! The lender ran away to Spain and defaulted after selling the artwork to someone else. I have been investing with FS for a few years now and originally things were good. We don’t know.Next, a load more loans turned out to be to be secretly made to the same person and FS thinks lenders shouldn’t be alarmed because they only plan to charge investors for legal fees to pay for their massive negligence after the funds are recovered.You couldn’t make this stuff up but my missing 50k says I wish I had.If anyone wants proof the court documents are publicly available. Top Bottom. I've seen loans listed with 80%+ Their 'statistics' page is misleading. Preisvergleich von Hardware und Software sowie Downloads bei Heise Medien. I have been investing for several years. So, as an investor with Funding Secure for approximately 3 years, I feel now is a good time to share my own experience. Despite these measures, your capital remains at risk. secure funding. It is perfectly understandable that people who borrow money at 9-15% rates are not top-notch borrowers and that many will face difficulties repaying these loans. Archover Forum. Ablrate Forum. state funding. That makes it 90% default. Light Theme. Mintos Forum. More in CAIA . STEER CLEAR of this company!! After all, if they were so competent and reliable, they would be borrowing money from the bank at much lower interest rates. Britisches Englisch: funding NOUN. All rights reserved. Menu Hide Images. Awful company. We will continue to update investors and creditors as additional information becomes available so please watch this website for updates. When would any financial company allow you to keep the assets you borrowed against for over a year if you defaulted on payments. With FundingSecure, we can broaden your financial horizons. Taxes are a bummer. Please note: Your capital is at risk if a loan defaults. Jonathan Avery-Gee, Edward Avery-Gee and Daniel Richardson (‘the Administrators’) of CG & Co (‘CG’) were appointed Administrators of the Company on 23rd October 2019. Great customer service, dynamic investment projects, asset-based lending that works. The CEO got drunk and signed away 2M in lenders’ funds for various artworks he then failed to secure. !Do yourself a favour and don’t put your money here, lots of better options. The administrators are working closely with the FCA who consented to their appointment over the Companies. Fine Art Investors receive returns in the range of 9% to 13% per annum whilst borrowers pay a representative APR of 35.4%. Our website uses cookies to improve your experience. Twino Forum. Please use a more protected stream of income for your hard earned money.Very bad company since 2017. With a high chance of going overdue (indefinitely) and an even higher chance of you never seeing a penny of those funds back.FC need to get their **** together and begin recovering some of these bad loans, even if it is a loss. Rebuildingsociety Forum. It seems FC have no interest in recovering the funds (why would they? Loan Statistics Terms and Conditions Our tax efficient Innovative ISA programmes and peer-to-peer lending opportunities are carefully selected, appraised in detail, robustly structured and professionally managed by teams of proven sector specialists. EtcetEra Hangouts. FundingSecure enables anyone with suitable assets to secure finance, speedily and discreetly. Data Privacy Policy FundingSecure now offers an Innovative ISA - A category of ISA that allows qualifying UK investors to invest on our platform without incurring tax on earned interest (more information is available here). Say their default rate is 0.6%. In the first couple of years, my investment returns were very good. Borrowers and businesses can find it hard to secure loans due to bank lending restrictions, and those with funds to invest continue to suffer low returns from traditional market partners. it isn't their money) and instead are desperately giving out loans to anyone-and-everyone in hopes that MAYBE some of them will pay back. I have 20 loan part invested in them over the last two year. Funding Secure was an online pawnbroking site that offered high-interest rate returns for lenders willing to invest mainly in secured jewelry loans. Money still stuck in a loan 2 years after it should have repaid, assuming will never get my money back meaning overall my investment lost money. Please dont waste your time or money with this company!!! For more information, please view our cookie policy, We currently have more than 5000 investors globally. Their default rate is closer to 55%, if not higher but their 'statistics' page does not factor in all those loans which they leave overdue, forever staying in limbu for months, sometimes years (3+ years) with no updates.As it was pointed out, a lot of their loans will not get repaid and updates are very slow. Property Loans Funding Secure is a peer-to-peer lending platform which specialises in secured loans. Latest Threads. The Company is now protected from any third party actions by virtue of a statutory moratorium. when they list a loan it is filled within hours, unlike FC where it can take weeks, even months. i now will never again use peer to peer lending. Moneything Forum. Great site and always delivered the returns as marketed , been simple to invest and very honourable. Providing there is a value above the loan amount, we will consider it. CAIA Test Prep; CAIA Events; CAIA Links; About the CAIA Program; FRM. funding Bedeutung, Definition funding: 1. money given by a government or organization for an event or activity: 2. money given by a…. Read more. However, this is where the SECURITY comes in to shield against defaults and to ensure the investors get their money back. Furthermore what ever happened to capping loans at 75% max? Abundance Forum. You'll sign up for a 60% LTV loan, two weeks later it'll mysteriously go to 88%. Please note: No investment is without risk. The Funding and Tenders Portal is the single entry point (the Single Electronic Data Interchange Area) for applicants, contractors and experts in funding programmes and procurements managed by … Address: FundingSecure, Unit 8 Stokenchurch Business Park, Ibstone Road, Stokenchurch, Buckinghamshire, HP14 3FE 1 was here. Please fill in the form below to start investing: As one of the country’s most established Peer-to-Peer platforms, we know that alternative investments are a great way to diversity your portfolio. The securities are meant to be able to be realised to return the investment to lenders but the valuations seem to often be wrong - someone is taking money for valuations but not being held to account. There was a high-risk factor involved since borrowers paid 2.4% in monthly interest, hence the high advertised lender returns. Proves if the advertised rates of return are too good to believe, they certainly will not be achieved. We offer loans against a wide range of assets. In the last week I wanted to get information about Page Field Mill, Wigan, the loan has already 450 days, and for 7 months without an update. Other Items, 0800 690 6568 / 0118 324 3190 9am - 5pm, E-mail: customerservices@fundingsecure.com, Address: FundingSecure, Unit 8 Stokenchurch Business Park, Ibstone Road, Stokenchurch, Buckinghamshire, HP14 3FE, Company Number: 8120200 / Authorised and Regulated by the Financial Conduct Authority Verwendung in: Übersetzungen für funding. Depending on the nature of the assets used to secure a loan, borrowers can receive loan approval and funds in as little as 24 hours. Pagefield Mile Wigan FIRE!!! Our investors range from £25 to £4+ million, so call us today to learn how we can improve your financial world. Being part of our platform allows investors an opportunity to obtain high returns whilst diversifying across a range of alternative assets and portfolios that has been historically reserved for institutional lenders, high net worth individuals or family offices. We don’t know. (Reference number 698305) - (In Administration), website designed by The Wonky Agency 2. advanced fees scam - – do not trust secure platform funding: complaints/secure-platform-funding-advanced-fees-scam-do-not-trust-secure-platform-funding-c906701.html 3. Due to the early stages of the administrations, the information we have is limited, we therefore request that creditors continue to consult the website and historic investor updates in the first instance. FCA update rule - wich dose not exist. EtcetEra Forum. I'm at Ombudsman with this lot, I hope that they stay in business long enough to pay me compensation but I wouldnt bet on it... this is the worst investment i,ve ever had. 0800 690 6568 / 0118 324 3190 9am - 5pm. Terrible at following up unpaid loans - dubious security vetting process results in a high default rate and low recoveries. Because of our unique lending structure, we put less onus on the credit worthiness of the borrower and more on the asset itself. Some of the loans are now taking longer to repay and I would like to see more updates. BANK INSTRUMENTS SCAMMER - SECUREPLATFORMFUNDING.COM; Topic description; Board index ; Specific scams Various financial scams You are here; Welcome, Bing [Bot] Profile; Messages 0; Account settings; Logout ; It is currently Mon Dec 21, 2020 5:52 pm; Last visit … The property lender Lendy collapsed in May after … Tickets . Forum . Trending Threads. FundingSecure is a Peer to Peer lending platform. Interest Rates Open new … I have tried my best to post as objectively as possible for everyone's benefit. From commercial and residential property to fine art, collectables and classic cars. Compare that, to, say thebridgecrowd - with a team that actually know what they are doing and have a 0% loss and 100% recovery. Secondary Market Due to what I can only amount to greed is FD tried to take on too many loans and did not do enough checks Against the borrows. Like most I invested when peer to peer was new and got great returns. im now awaiting my casebwith the financial ombudsman, but fs even keep them waiting months for any info. Each of our opportunities offer the potential for high returns with low entry points. The value of these properties is almost, always Waaaaaay out and the massive list of loans that are left unfunded for weeks (sometimes even months) reflects the lack of trust investors have in this company. Test Prep Sections . Rep. Mike Levin announced the Army Corps of Engineers will spend $400,000 for initial planning and engineering to secure unstable coastal bluffs. Gaming Hangouts. FundingSecure manages the risk by ensuring all assets are professionally valued and restricting the amount lent to a typical maximum of 70% of the value (LTV). Lack of communication. I was lucky enough to sell most of my loans (which all by the way defaulted) and recover most of my money. The CEO got drunk and gave away 2 million pounds. We will only be able to respond to urgent queries. FRM Test Prep; FRM Events; FRM Links; About the FRM Program; Careers; Investments; Blogroll; Test Prep. © Copyright 2021 FundingSecure. You can also see that nothing has happened in the investment for over a year. Luxury Watches Almost every loan goes well beyond the expected finish date, the updates provided on progress are fairly meaningless (e.g. The lucky investors got £8,300 back, a magnificent 8.7% of the valuation!I have been an investor for over 2 years and initially very keen on FS, even recommending it to some of my friends. (See sidebox for a definition of secured loans and security.) The ones close to ending that I couldn't sell are now over due by almost a year. Classic and Luxury Cars With FS30, you can receive a targeted 5.3% on shorter term investments, with monthly interest payments. We connect borrowers and lenders, so that everyone can mutually benefit. A low-interest savings account would outperform this lot and it takes zero though or effort to use one! Search . Before anyone does, may I suggest that you do your own homework first and do a google search for "fundingsecure reviews", and make sure that you select the option to show you "past year" from the tools menu, and then make up your own mind.That said, if they can work harder towards pulling investors funds back when loans go sour, I, and I am sure so many others would be more than happy to alter reviews as these are based on personal experiences. On August 16, 2017 The Popular Boston Newspaper carried BREAKING NEWS against Secure Platform Funding with this caption: Secure Platform Funding or Scam Loan Funding on the Rise? EtcetEra Hangouts. CFA Level I Forum; CFA Level II Forum; CFA Level III Forum; CFA Hook Up; CAIA. Or maybe it was sold before he approached FS. Experienced net negative returns across my investments. With hundreds of new clients registering on our platform each month, why not, For more information please download our FAQs. E-mail: customerservices@fundingsecure.com. They hope for government funding for the scheme. By providing finance against the personal assets of borrowers (‘pawn loans’ or against property) investors have means to reclaim capital in the event of a default. The business and affairs of the Company are now controlled by the Administrators who act as agents of the Company and act without personal liability. And when asking about legal regulations, they use me to refuse me information about looting - they did not answer anything.Customer service fatal lies, do not know what is happening with a given loan, hide behind regulations that do not exist - just to intimidate the investor so that he does not ask further - 100% lack of competence, remuneration received for free.You can write a complaint to the FCA, or I have been told by FCA to the Financial Ombudsman Service (FOS) that they do not comply with the rules on capital protection. Log in. In addition, it will only lend a maximum of 70% of the valuation of any property or high-value items that it takes as security on the behalf of us individual lenders. By continuing to use this site, you agree to our use of cookies. Funding Secure is the second peer-to-peer player to go into administration in a matter of months. 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