Kenny Tan

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Kenny Tan

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Kenny Tan

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Investments

Funding Societies

P2P Lending

It is stated that funding societies have 0% default rate. This is untrue being an investor in FS, my portfolio have 6 defaults loans. My account is in negative P/L

Kenny Tan

Level 2. Rookie

Answered on 14 Jul 2019

What i am very sure is that funding societies is not 0% default rate. I have invested over 150 campaigns with them. currently I have 7 loans defaulted, and no regular update from funding societies on how they are recovering the funds. FYI, my portfolio is in red.

4 answers

Level 2. Rookie

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