Lendermarket Reviews 718

I only started investing with Lendermarket a few weeks ago so at the moment I have mixed feelings about this platform. On the + side, the signing up process is very easy, I added funds and withdrew them very quickly and easily from my bank account. On the - side, all my loans are either on "pending" payments (even if their status is "paid" so I'm wondering if Lendermarket is keeping the money that the loans originators pay?) or overdue... I only invested 400€ at the moment and will wait until "real money" reaches my account before investing more with them ...

I'm investing with them since the late 2019. Quick deposits and withdrawals, nice interest rates (depending on the season) and no headaches at all.

The only thing to have in mind is that loans can be extended up to 6 months, and 2 months more of buyback guarantee (creditstar originators are using this benefit "too much" currently). Anyway, if you don't mind having the money blocked more than expected, they meet the expectations, with principal amount, interest and delayed interest being always paid.

Use this platform to hold the money you don't need in the short term. It pays off.

UPDATE (jan-2024): Pending payments are around 10% of my portfolio (more than 2500€ pending) and keep increasing. Loan originators are not returning a single cent and trust on Creditstar starts to fade away. I stopped the autoinvestor, and if there are no results in a few months, I'll start withdrawing everything when possible.

UPDATE (march-2024): 12k out of 27k are in pending status. Since january, they returned small amounts (~120€), but far from what they should have been. As I cannot withdraw, nor reinvest, I'm still unsure of my next steps.

There is an improvement on the pending payments. I have received in last 10 days 2 small payments to my account. Also today I have received a pending payments scheduled plan for April with amounts and exact dates.

My pending payments recovered to Available balance in April. In addition, quick answers and explanations from customer service by email. Keep going in May same way!

I have been investing for over two years and the last few months have been very difficult. Money stuck in pending payments for weeks as mentioned by others. For that reason I cannot give a 5, BUT... there are signs of a recovery and some funds are coming back to investors. The latest CEO seems to be making a difference. Let's hope this continues!

Good night,

After contacting you, I received a response from you the very next day (less than 24 hours later).

With this first aspect I notice that the customer support service has improved, my rating increasing when I immediately receive the information that the amount in question will be paid, without causing me any indifference, in installments within 1 month.
I hope that the customer service continues like this, but also that, in return, the percentage of money pending for many weeks will decrease.
I hope to continue your market for a long time, I hope so.

Compliments
Diogo Marques

The platform started well for me when I started investing 2 years ago. However, they started experiencing pending payments and we didn't receive any payments back for months. Recently, there's an improvement in the payments. We are getting paid small amounts continuously. However, it still needs to improve as the payments are still small compared to pending amount. We hope to see bigger improvements in the payments.

Money is stuck in pending payments for more than half a year and no sight of it being released. Meanwhile Lendermarket is bragging about "upgraded platform" and having short withdrawal timeframes, which is ironic and insulting to the clients.

Buyback Guarantee is not being applied at all. You should think like they don't have it.

I was just emailed the plan to release some of my pending payments, which is 3% of my total money on the platform. Again, I feel like they are mocking me.

they started to cooperate and treat the customer normally . If I receive everything I will add one star more.

There are months and months of pending payment being stuck without any progress. No updates or explanations are given to investors whatsoever. Moreover, they keep bombarding us with offers to invest more.

The platform has got some difficulties lately in a form of Pending Payments, but now it is seeming that the trend will change. I am expecting positive future. When the loan originators can pay their debts in time and there won`t exist remarkable pending payments, then this platform will be very attractive.

Fast response regarding my pending payments.

They have had a bad period in which blocked repayments. But now they are returning to a normal situation, are slowly repaying again with all interest and also give to investors a schedule of next repayments. I want to highlight that they are repaying an high rate on repayments blocked, so, at the end, the investor has had to wait, but is having a good gain.

I have more than 3000 € in pending payments for since march 2023.
So, i have one year asking for my money, but i just recieve bulshit conversation.
very bad idea to invest here, is very dangerus

BAD NEWS AGAIN!
LENDERMARKET stop the payment again and don't answer to my e-mails!
RUN AWAY from LENDERMARKET!

The good news continue!
Now i have less than 1000 euros in pending payments.
The company are complying with the payments. Thanks for that. 16/07/2024

I have some good news...
In March and April, lendermarket started paying the amounts that were in arrears.
I was presented with a phased payment schedule, which until now the company has been complying with. Thanks. 01/05/2024.

I have more than 2000 € in pending payments for since march 2023.
So, i have one year asking for my money, but i just recieve bulshit conversation.
No ones from lendermarket tell me when they give me access to my money.

LM Removing legitimate reviews through
TP

No honouring BB guarante, The delays are not a normal delay in PTP and they have not communicated to any investors as to what is going on why loan book is not performing. All loans heavily extended and have been for many months so loan extensions are not normal.

Owner of LM is Creditstar who have been been warned for irresponsible lending in Estonia

Update: I am a customer but wish not to provide my name and email with my account which I am allowed to do. My review is not suspicious and is based on facts LM are not honouring BBG and CS are under investigation by regulator these are facts and it is unbelievable that LM think is suspicious lol

It is a scam, they dont pay the loans, it is annoying how they deal with the customers

They changed there terms and conditions after I made my investments. Now all my money is in pending payment and god knows when it will be released. Zero
transparency....

Very bad situation .Non payments .All is late.