Peer to peer lending: know the risks - Money Saving Expert

We've not updated this article for quite a while, but wanted to leave it on the site as it still may contain useful info for you. Please only act on any tips below if you've fully researched them first. 21 January 2026 20 January 2026 20 January 2026 20 January 2026 16 January 2026 For all the latest deals, guides and loopholes simply sign up today - it’s spam free! Peer-to-peer lending firms such Funding Circle usually offer high rates to investors, but while their products can look and act like savings, they're NOT the same. This guide explains the risks and lists the main players. Peer-to-peer (P2P) lending websites are financial matchmakers, online money cupids, marrying up people who've cash to lend and are looking for a good return, with individuals or companies wanting to borrow. With the banking middleman cut out, investors putting up cash for lending can get much higher rates than they would from a savings account, while borrowers often pay less than with a conventional loan.

We've not updated this article for quite a while, but wanted to leave it on the site as it still may contain useful info for you. Please only act on any tips below if you've fully researched them first. 21 January 2026 20 January 2026 20 January 2026 20 January 2026 16 January 2026 For all the latest deals, guides and loopholes simply sign up today - it’s spam free! Peer-to-peer lending firms such Funding Circle usually offer high rates to investors, but while their products can look and act like savings, they're NOT the same. This guide explains the risks and lists the main players. Peer-to-p