Funding circle

[Scaff man]

Is anybody having any joy getting a payment holiday from funding circle

 

[selfemployed]

I havent applied but after being near perfect for months and months, I have been a little disappointed of late. My loan is coming to an end this year and I said in January when I last spoke to them that I may look for additional investment finance. Over the last couple of weeks they have rung me each and every day - leaving messages about taking out a new loan. They have been brilliant up until now but I feel as though they are hounding me and going over the top with the calls. Anyone else had the same issues?

 

[Employer]

I have heard the same stories about people receiving phone calls but just answer and tell them you dont want a loan lol

Joking aside I have found FC to be brilliant and I will be using them again especially with interest rates so low.

 

[selfemployed]

Trying to plan ahead - is there a standard payment holiday available or is this on a loan by loan basis?

I have seen them advertising here there and everywhere over the last couple of years but nothing about help in the current crisis.

 

[Goingitalone]

I think Funding Circle is the place to go for small business loans - yes it might not be perfect but this is a highly driven business. As someone said, if you dont want to renew your loan then simply answer the phone and tell them

 

[selfemployed]

Looks like there is potential for a payment holiday but at the same time the company is looking to protect the returns of investors - tricky!

An update on coronavirus - Funding Circle Blog

With the impact of coronavirus continuing to be felt, we know that many of you are concerned about your investment

www.fundingcircle.com

 

[Goingitalone]

Has anyone seen an increase in the Funding Circle rates as a consequence of the virus? Surely there must be an increased risk to lenders?

 

[Employer]

I wonder if Funding Circle were trying to stay one step ahead of the game by contacting existing customers? Did they know that the rate would be 2.5% fixed between years two and six with no penalties for early repayment?