Guidance for folks purchasing peer to peer loans, reporting interest and claiming losings from loans that standard.
Peer to peer loans can be a alternative investment delivering possibilities for folks to lend straight to other individuals or companies without using a bank.
Peer to peer lending functions on a ‘many to numerous lending that is through internet intermediaries, also known as a financing platform, who arrange and handle the loans. The platforms are authorised and regulated because of the Financial Conduct Authority (FCA ), they place loan providers with cash in contact with borrowers. Read more