People who lend money through peer-to-peer lenders will be protected from bad debt by new policies introduced in Wednesday’s Autumn Statement.
In an effort to make the UK a more attractive place for financial technology companies, the government revealed a plan to support P2P lending and crowdfunding platforms through a package of measures designed to remove regulatory and tax obstacles.
These include a new bad debt relief for lending through P2P platforms – allowing lenders to write off bad debt in a similar way to banks. This is something that has been lobbied for since rebuildingsociety first started, so we’re delighted about this. It makes investing much more efficient and we’ll be looking at ways to change our statements to reflect it.
Understanding the platform's July average net returns and the general health of the full loan book helps you to appreciate rebuildingsociety.com's performance in the context of other P2P lending platforms and other forms of investment. The...
Did you know rebuildingsociety.com offers cashback lending incentives? Get cashback when you bid on live loans! Each incentive has a symbol that appears next to your bids on your dashboard, so you know whether you’re...
Understanding the platform's June average net returns and the general health of the full loan book helps you to appreciate rebuildingsociety.com's performance in the context of other P2P lending platforms and other forms of investment. The...
Understanding the platform's May average net returns and the general health of the full loan book helps you to appreciate rebuildingsociety.com's performance in the context of other P2P lending platforms and other forms of investment. The...
