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Message: <blockquote data-quote="Ikke" data-source="post: 652310" data-attributes="member: 11154">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 (<a href="http://www.mintos.com">www.mintos.com</a>). 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 Mintos.com. 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 In total I have deposited €4000 and withdrawn €200, leaving at this moment €3800 in outstanding principal.[ATTACH=full]16875[/ATTACH]Over time I received €830 in interest.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:<ul> <li data-xf-list-type="ul">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.</li> <li data-xf-list-type="ul">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.</li> <li data-xf-list-type="ul">Interest of 12.5% or higher. Investing on these platforms is still a risk. A reward is needed.</li> <li data-xf-list-type="ul">The loans may not be longer than 72 months. This to make sure collateral depreciation is in line with loan payments.</li> <li data-xf-list-type="ul">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.</li> </ul>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.IKke</blockquote>

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