How it works...
"Every Lender, Every Penny"
RateSetter is unique in peer-to-peer lending as the only operator to have returned every penny of capital and interest to every single Lender.
We were the first company to introduce a Provision Fund, which shields Lenders from bad debt. We strive to make sure the level of bad debt is minimal anyway but, inevitably, there will occasionally be missed, late or defaulted payments and so RateSetter has the Provision Fund to protect our lenders. The Fund has satisfied every claim made of it so that no Lender has ever suffered any bad debt.
*It’s important to note the Provision Fund does not provide a guarantee. What we can say is that it is managed in the interests of our Lenders, and has ensured that every Lender has received everything they have expected from RateSetter.
That’s the RateSetter difference.