Peer-to-peer lending platforms, like Assetz Capital, connect borrowers directly with investors, allowing investors to lend money to individuals or businesses and earn returns on their investments. However, there are risks involved as the borrower may default on their loans, and investors may not receive their expected returns.
In recent years, some peer-to-peer lending platforms have encountered financial difficulties or faced regulatory issues. Investors may also face potential problems if the platform goes bankrupt or shuts down.
It is essential to conduct thorough research before investing in any peer-to-peer (P2P) lending platform and to understand the risks involved. Investors should not invest more than they can afford to lose and consider diversification to minimize their risk exposure.
Mendelsons have conducted a full review of P2P lending with this type of business model, and we believe many investors funds have been prejudiced and funds unfairly jeopardised. If: –
  1. The business refused to release your capital when you were entitled to request it,
  2. Or if being a large investor you were unfairly discriminated against in being refused your pro-rata distribution of funds,
  3. If in breach of contract the P2P business unilaterally introduced a secondary market, and your account changed from a simple fixed interest term into a complex tradeable financial product unrecognisable from what was advertised in the key features,
  4. You were subject to an overnight increase in fees, without the opportunity to withdraw funds from your account(s) without penalty,
  5. You were not made aware that lenders were required to maintain their investment capital and contribute further funds until development projects were complete,
  6. You lost funds because of run down,
  7. Business Accounts—Do you believe that accounts have been operated in an inappropriate and unacceptable way,
  8. Your funds were reinvested in loans against your wishes and instructions,
  9. The provision of funds marketed as a safety net were inadequately funded,
  10. When the provision fund was exhausted, a revamped version of the original was launched, resulting in those holding loans in the original account being trapped, no longer having the benefit of revenue streams to fund repayment of investors capital on default loans,
  11. Those who invested in the first loans to default were paid out their capital in full, whilst those who invested in the later loans to default received nothing,
  12. You have not had a capital repayment because your loan was held in one business account as opposed to investors who held the exact same loan in a second business account received full repayment,
  13. When recoveries were made large chunks of money were swallowed up by the platforms’ fees
  14. Valuations relied upon to make investments being negligently prepared, resulting in the properties foreclosure.
 
 
 
We understand the reasons why these losses arise and how customers can give themselves the best chance of recovering any losses suffered by submitting claims in the correct format using the best arguments.
P2P platforms are not at liberty to unilaterally change their terms of business with investors and when they do this, they are inviting investors to challenge them.
Mendelsons work on a NO WIN NO FEE BASIS. We take no upfront fees, and we only get paid if we win your case. We take the headache out of dealing with the business and we know what we are doing.
Please feel free to contact us for a no obligation telephone call where we hope we will be able to put your mind at rest and explain your options. Please contact Simon Rabinowitz at simon@mendelsons.co.uk or call 0161 660 0204

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