All rights reserved. With hundreds of new clients registering on our platform each month, why not, For more information please download our FAQs. You can also see that nothing has happened in the investment for over a year. Management of the outstanding loans seems well beyond the staff's capabilities. Currently taking legal advice over possible legal case against FD.Your money, Your choice but I would recommend else where. Create Thread; Funding Secure. We connect Investors who are looking for higher returns in this low interest environment and Borrowers. The Company is now protected from any third party actions by virtue of a statutory moratorium. Please use a more protected stream of income for your hard earned money.Very bad company since 2017. That makes it 90% default. Say their default rate is 0.6%. 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. The lender ran away to Spain and defaulted after selling the artwork to someone else. Archover Forum. 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. Great at giving loans, terrible at getting the money back ! Some of the more common items we offer loans against, are listed below: We offer interest rates well above those offered by high street banks, The assets are used as security if the borrower is unable to repay the loan, You can pick and choose which loans and rates you want to invest in, As soon as you invest in one of our loans, you will start earning interest immediately, You will have access to a simple system to manage all of your investments. Forum . Funding Secure then put these loans on the platform and pretended they were all to different people. 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. Top Bottom. fundingsecure.com wont load? Complaints Procedure After that there was a fire in the building, you will find details by typing Investing in the cause of Page Field Mill fire in the browser. Great customer service, dynamic investment projects, asset-based lending that works. 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. This enables you to invest, tax efficiently, into the growing Peer-to-Peer market. Or maybe it was sold before he approached FS. From commercial and residential property to fine art, collectables and classic cars. FCA update rule - wich dose not exist. Terrible at following up unpaid loans - dubious security vetting process results in a high default rate and low recoveries. Contact Us. For more information, please view our cookie policy, We currently have more than 5000 investors globally. By continuing to use this site, you agree to our use of cookies. The Company was placed into administration on 23rd October 2019 by a resolution of the board of directors of the Company. Move forward a few years and it seems like so many of their loans fall into a default status and quite a few people seem to be losing their funds.Should you invest your monies with them? We will only be able to respond to urgent queries. EtcetEra Hangouts. Trending Threads. The administrators have set up a dedicated email address for creditors to contact the administration team. Mismanagement of security that supposed to be held secured under the platform supervision, But it's not. 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. And if I have any problems with this, I can write to them on the complaint.I wrote to FCA - they wrote to me that they do not have any rules that prevent me from getting information about the investment.I wrote to customer services - fundingsecure what I got from FCA to FS in reply they wrote that they can not give me an update. Funding Secure is a peer-to-peer lending platform which specialises in secured loans. Classic and Luxury Cars It seems FC have no interest in recovering the funds (why would they? Marine Loans As a result of the administration no legal proceedings may be commenced or continued with against the Company without the consent of the Administrators or leave of the Court. I've seen loans listed with 80%+ Their 'statistics' page is misleading. The CEO got drunk and gave away 2 million pounds. Providing there is a value above the loan amount, we will consider it. Menu Hide Images. After all, if they were so competent and reliable, they would be borrowing money from the bank at much lower interest rates. Funding Secure was an online pawnbroking site that offered high-interest rate returns for lenders willing to invest mainly in secured jewelry loans. Register. 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. FundingSecure enables anyone with suitable assets to secure finance, speedily and discreetly. Forums. Great site and always delivered the returns as marketed , been simple to invest and very honourable. 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. User Control Panel; FAQ; Advanced search. Collections More in CAIA . Luxury Watches EtcetEra Hangouts. Like most I invested when peer to peer was new and got great returns. Trending. More in FRM . Please Do Homework - Read Plenty Of Reviews Before Investing. All; None « Prev; 1; Next » Status Subject Created By Replies Views Last Post; No threads were found. state funding. I have 20 loan part invested in them over the last two year. i now will never again use peer to peer lending. Jonathan Avery-Gee, Edward Avery-Gee and Daniel Richardson are licensed as insolvency practitioners in the United Kingdom by the Institute of Chartered Accountants In England and Wales and the Insolvency Practitioners Association. !Do yourself a favour and don’t put your money here, lots of better options. Interest Rates © 2021 Trustpilot A/S. Re(9): $420 funding secured (BritishTar am 25.12.2019 09:57:56) Re(9): $420 funding secured ( someonelikeme am 25.12.2019 16:29:06) Re(10): $420 funding secured ( … Proves if the advertised rates of return are too good to believe, they certainly will not be achieved. 0800 690 6568 / 0118 324 3190 9am - 5pm. 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. CAIA Test Prep; CAIA Events; CAIA Links; About the CAIA Program; FRM. Despite these measures, your capital remains at risk. 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). I have been investing for several years. Where is the ombudsman? Please note: Your capital is at risk if a loan defaults. Moneything Forum. E-mail: customerservices@fundingsecure.com. Viele übersetzte Beispielsätze mit "secure funding" – Deutsch-Englisch Wörterbuch und Suchmaschine für Millionen von Deutsch-Übersetzungen. Viele übersetzte Beispielsätze mit "secure funding from" – Deutsch-Englisch Wörterbuch und Suchmaschine für Millionen von Deutsch-Übersetzungen. 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. Rebuildingsociety Forum. Please dont waste your time or money with this company!!! Fine Art With FundingSecure, we can broaden your financial horizons. Recently, we had:1) A property valued at £135,000 which returned merely £31,000 (23% of the valuation)2) A plot of land valued at £2,350,000 which returned £280,000 (12% of the valuation)3) 5 park homes valued at £95,000 which, as FundingSecure conveniently forgot to tell us, did not actually exist. Abundance Forum. The company moved away from its roots favouring higher risk property loans. 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. A low-interest savings account would outperform this lot and it takes zero though or effort to use one! 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 … Loans duration says six months, however, barely any of them actually repays interest after sixth months. Gaming Hangouts. You'll sign up for a 60% LTV loan, two weeks later it'll mysteriously go to 88%. However, this is where the SECURITY comes in to shield against defaults and to ensure the investors get their money back. Data Privacy Policy when they list a loan it is filled within hours, unlike FC where it can take weeks, even months. 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