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My experience with P2P lending


Bronze Contributor
Speedway Pass
Jul 20, 2012
Reading some of the negative comments on here about P2P investing, I thought I would share my positive experience to show it is not all doom. If you wish to give P2P lending a try on the platform that I use ( There is currently a 1% affiliate bonus on the platform for the person signing up and the person who refers. You will need the code "FR9LIO".

Don't be over enthusiastic, these platforms will always be a risk and your result may not be the same as mine. I don't trust this with my life savings, but it is a great way to make hustle profits work for me.

I started in september 2015 with €50 on I choose for Mintos because this is a platform that brings investors and non-bank lending companies together. These companies all have to filter out the customers to who they lend the money. And they have a incentive to do good because all the lending companies have to keep a part of the loans on their books.

Over time I added some profits from small hustles and some small excess business profits that had no purpose. In total I have deposited €4000 and withdrawn €200, leaving at this moment €3800 in outstanding principal.


Over time I received €830 in interest. Which currently makes a 12.90% NAR (Net Annual Return). I have lost on some of these loans, but have learned to filter more wisely.

I currently buy my loans with an automatic investment portfolio. I have set the following filters:
  • Loans need to come with a buy back guarantee. This is a guarantee that the lending company will buy back the loan with interest if it is 60 or more days delinquent. This is my first line of safety.
  • Loans need to have a collateral. The loan may not be more than 71% of the collateral. The collateral is often a car and they can depreciate fast. You don't want to expose yourself to this risk. This is my second line of safety.
  • Interest of 12.5% or higher. Investing on these platforms is still a risk. A reward is needed.
  • The loans may not be longer than 72 months. This to make sure collateral depreciation is in line with loan payments.
  • Loans have to be fully amortized. Lenders can often afford the monthly payment, but a big end of line bullet payment may be to big for the consumer to pay. A bullet payment also increases the chance that the collateral will depreciate faster than the loan is paid off. Again a risk you don't want to expose yourself to.
I hope my post has shown how P2P lending works for me. And I hope more people will understand P2P lending as a concept. But also understand the risk P2P carries.



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MJ DeMarco

Raving Lunatic
Staff member
Summit Attendee
Speedway Pass
Read Millionaire Fastlane
Jul 23, 2007
Phoenix, AZ
My experience with P2P lending spawned this thread...

*UNSCRIPTED* - What's your focus? Making pennies? Or Millions?

I'm not interested in wasting hundreds of hours on something just so I can eek out an extra $92 a month.

Thank you for sharing. Perhaps Mintos and the EU counterpart of the American version is a different story.

My experience with P2P is a bunch of Sidewalkers looking to do one final scam before they file BK.


Bronze Contributor
Speedway Pass
Jul 20, 2012
I fully agree with you about not spending all your time to get a few extra bucks.

I myself only check my account about once a month and let auto invest do the rest. I have invested time initially to set the parameters but it has been working on itself for quite some time now.

And as for the scamming sidewalkers. I think that it being a platform for lending companies help a lot in this regard.

Sent from my EVA-L09 using Tapatalk


New Contributor
Read Millionaire Fastlane
May 15, 2019
Hello Ikke

I’m currently looking to get started with p2p lending (in Europe).

In this thread, it seems like you are fond of Mintos. However, I have some doubts as to whether your point of view is still relevant at this point in time as there seem to be shooting up new platforms from left and right.

I read this Mintos review: - and everything about their platform seems quite reasonable.

However, I would like to hear you what your experience is; Has your view about their platform changed since posting this? Are there any platforms you prefer over Mintos?


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