MoneySavingExpert News

Peer to peer lending

Ratesetter investors furious as 'technical issue' delays withdrawals after account closures

Thousands of Ratesetter investors have been left waiting to get their cash back from closed accounts after a 'technical issue' delayed withdrawals made over the Bank Holiday weekend and on Tuesday. The peer-to-peer lender says it's now fixed the problem though, and says payments should arrive in customers' accounts by the end of Thursday (8 April).

8 April 2021

Ratesetter to close all investor accounts and move borrowers’ loans to Metro Bank

All 45,000 existing investor accounts will be closed on 2 April. Here's what the change means for investors and borrowers alike.

3 February 2021

Ratesetter customers waiting months to access their cash

Some investors with peer-to-peer lender Ratesetter are still waiting for their cash over seven months after trying to withdraw their investments, with 1,000s in virtual queues to access their money

27 October 2020