Client Review on Lending Loop
Feedback:
As Kevin shared before me Lending Loop creating a cool platform to invest money, however they aren't protecting the lenders at all, even the response on the review states they do care more about "auto-lending" feature so take money from investors faster, rather than protecting their investments. I have been 2 years with LendingLoop and third of the loans are in default (no matter the risk level, they all are). It's making around 10 percent from my diversified portfolio, however I need to make at least 25-30% to break even on all the defaults. Slowly taking all the money out now after invested 5k over 2 years.You guys can do so much better, so stop focusing on making it easier for the business to get the money. I chose your platform because I thought you are protecting the investors, if not I can lend my money to businesses on the street the same way and hope they will return it.
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