


Linked Finance Flexible Business Loans Peer-to-Peer Lending
Based on authentic user experiences
Norman
6731 reviews
N/A
4 months ago
Pithily I say as my time is more
Pithily I submit here as my time is more important than money Nothing is too much for this team so they do precisely that nothing Fuller account to interested parties available
Rocio Lopez
6731 reviews
N/A
4 months ago
high risk of losing all your money unreasonable fees to get your money out
I used Linkedfinance 4 years ago to help 2 local businesses 1 of them went bust 3 years ago and i suppose i will never get the money back that s why this type of investments are very risky and not a good choice I took some money out 2 years ago as we were allowed to withdraw for free once a year I went to withdrawn the rest of the money today and i am told that because is less than 250 euro i have to pay a transfer fee of 5 euro This is a new rule that was not in place when i took the rest of the money out 2 years ago In conclusion If you are lucky enough that none of the companies you invest on go bust your benefit will be eaten by their fees I didn t know much about finance back them but you are far better off investing in the markets diversified portfolio as the chances of losing all your money are very low If you only want to support a local business contact them directly and keep buying from them Read some financial blogs podcast money to the masses meaningful money etc so you dont make this type of poor financial decisions which equate to making a gamble that the business is going to survive over the next 3 years
Tim john
6731 reviews
N/A
4 months ago
12 hours since I requested evidence of
12 hours since I requested evidence of my alleged account with Barclaycard This company has harassed me for over three years for a debt I do not owe Why are you not replying You have my e mail address and contact details
OTS
6731 reviews
N/A
4 months ago
I joined LF in early 2016
I joined LF in early 2016 At the time it proved to be an innovative platform where you could tailor the APR on your bid based on your perception of the risk associated with the loan This resulted in some good rates for those who got in above the average APY offered Eventually things went downhill A new auto-bid system essentially eliminated manual bidders from being able to invest as loans filled in seconds Eventually you could no longer tailor the APY either The risk categorization of loans was very poor and the accuracy of the financials provided by businesses was questionable Eventually people stopped repaying and this was the eventual downfall of LF They were toothless in pursuing charlatans who continued to trade and or transfer their assets to new company s to avoid the debts LF has introduced a host of new fees in this time and as they receive a portion of every loan funded they do not care when investors lose out
Steven
6731 reviews
N/A
4 months ago
You can only withdraw free of charge
You can only withdraw free of charge once a month with minimum withdrawal balance allowed 250 but any cash balance on your account over 50 in any month charged 1 25 fee so you ll end up paying 1 25 on any cash balance over 50 on your account on top of 1 monthly mgt fee already charged by Linked Finance Oh yeah unless you have invested in a loan in last 3 months every 3 months then no charge basically no way to circumvent charges and take cash from repayments when you need it Feels nearly as bad as a bank Other factors of concern is the multiple loan tranches to same businesses There seems to be push for loan volume to get to profitability be interesting to see impact on loan book performance once it reaches maturity
D nal Mac
6731 reviews
N/A
4 months ago
Scam
Scam Originally they calculated the interest incorrectly It s good to see that they ve corrected this However I cannot get my money back because of their unfair bureaucratic arbitrary rules of minimum withdrawls In short it s a dirty scam
Vladimir
6731 reviews
N/A
4 months ago
Do not invest here
I joined this platform in 2017 and this is my experience - this platform is not transparent- you don t know what is your profit - deposit 4k - total lent 21k - repaid 17k - interest earned 2 5k- I invested 4k it was repaid 17k but my profit is 2 5k it does not look as good business- they don t do their best to get investors money back - this is the response after 4 years We have recently met with our solicitors in regards to this borrower We have been advised that we have served the guarantor with proceedings however the guarantor has not engaged with us on the matter to date We hope to have judgement registered against the guarantor soon and we will issue another update to lenders in due course We appreciate your patience in this matter - this message was sent 5 8 2023 We will have another update for lenders in the next 30 days - next update was 5 11 2023- some statistics are not up to date- they have promised to update their website several times few years ago- when I was asking how to close the account I got the answer with detailed information this is OK I expected also the question why i want to close my account but nobody cares why the client wants to close the account
Alan Ward Master Saddler
6731 reviews
N/A
4 months ago
QUESTIONS IGNORED BAD BEBT STALLED LOANS
04 12 2024For the record the question that have been ignored are on the Q A section of the Linked Finance platform These wait for moderation by Linked finance and are then passed on to the person looking for money They have done neither with any of my last 6 questionsIN THE 7 DAYS SINCE LEAVING THE BELOW REVIEW I HAVE ASKED QUESTIONS OF 2 MORE LOANS BOTH OF MY QUERIES ARE STILL AWAITING MODERATION WHICH WOULD TELL ME THEY ARE NOT BEING FORWARDED TO THE PEOPLE APPLYING FOR THE LOANS THIS WOULD INDICATE TO ME THAT THE QUESTIONS ARE NOT BEING PASSED ON BY THE LINKED FINANCE PLATFORM WHICH IS EVEN MOR DISTURBING I LOOK FORWARD TO CLARIFICATION--------------------------------------------- 27 11 2024I have asked questions on 3 or 4 occasions regarding loans before I put my money forward to be lent I have not had one reply from the loan applicants or any reason as to why these questions are not being answered In the past number of months July to November 2024 there are much more B C grade loans If my risk is higher and I ask a question I don t understand why I do not receive an answer I already have 1 bad debt and 4 stalled repaying loans on this platform That is my risk which I accept I CURRENTLY HAVE OVER 10k IN SUPPORTED LOANSWhat is perturbing is the lack of any communication from loans applicant to really basic question If this continues I will not be bidding on further loans and will take back my money as it comes available
Oliver Fay
6731 reviews
N/A
4 months ago
Long term customer
Very transparent and engaging lending site for Irish Business After 7 years I am very happy with Linked Finance Yes of course there have been defaults but this is expected in the course of SME lending Overall in profit Greatly stats and visibility of both my portfolio and the overall portfolio Very easy to verify projects as many are local businesses Its also great to be able to see how my investments are used in local businesses Support very attentive and professional
Giuseppe
6731 reviews
N/A
4 months ago
Long term customer already
I have been with linkedfinance from its first year really positive experience I made a nice chunk of money with little risk It s just too popular now we need more eligible companies to loan money too I can safely say that I would actively an support a company I loaned to the banks will not do this