Lendermarket Reviews 718

After a few changes in their management it seems Lendermarket got the right formula to give us investors what we needed in terms of ROI. The platform got a few delays at first but now I got my portfolio in the green and returns are substantial.

If I need to complain about something is that I would like to see some improvements on the reporting side, similar to what the old platform had.

Since 2 months ago I start getting my money free to withdraw or reinvest. Until now is going at schedule and I hope it keeps this way. As soon everything is solve maybe it's again a possibility for a future investment.

Great opportunity to earn extra money!
Easy and clear to follow up.

The interst rate is high but almost all loan repaiments are pending.
I invested 3000€ in the spring campain and kept the investmentmbut they refuse to pay the bonus.
Stay away -

I had been using Lendermarket since july 2023. Everything was Ok until this year. The pending reimbursements started to accumulate until the transfer to their platform 2.0. Now there is no reimbursement at all. Their only communication is towards attracting more money, nothing to address our concerns. Look more and more like a scam.
And no need to waste your time contacting their support, they will not bring you any info about where your money is.
Bringing this case to court with the maximum of fooled clients is starting to make sense in my mind.

If you value your money, don't invest in this platform because you'll lose it.
The platform has outstanding payments for months and there is little prospect of investors getting their money back. We'll certainly have to take the case to court to try to recover some of the investment.
There is a Buyback Guarantee on the platform, but it has no value because the platform never activates this guarantee.

I have been with Lendermarket for some time, from last August they went in a very bad shape. After mails and mails, I have still my funds stuck, with probably no chance to take anything out. I am writing something, they reply completely differently, like from a pattern.
For some weeks, could not even enter my account, due to a questionnaire, which needed to receive the validity from their side. Really? cannot even see the account? what type of company is this?
I do not recommend them, stay away

I have been with Lendermarket for some years, from August last year (almost 1 year ago) things got worse, they stopped paying. After many mails and review on trustpilot, I started receiving some money back.
Today, I can see a lot of negative reviews are being flagged, they want to get rid of bad publicity, even if it is the result of their policy.
Going on 2.0 platform, there is no more comment about pendign payments interest rate, so they put it under the table for good, people lost interests which were accumulating for months.
Even if they made a plan to recover my money, with the actual speed I might get all my capital back in 2030, or even later...

I have used Lendermarket and went ok....until this year. They "came up" with the concept of "Pending payments" at the side of Creditstar to keep your money even after the buy-back kicks off (which happens already after several loan time extensions)...
The Lendermarket 2.0 directly makes no sense.
I am really worried that this is it, I will never recover the money.

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Update: Lendermarket has reached out recently and informed that they are trying to get the money back to the investors behind the scenes. It seems that I am recovering 25% of the pending amount so far. I will keep this review updated.

I've been with LenderMarket for several years. before they introduced 'pending payments' it was a good investment site. since then, they've used it as a way to postpone payment to investors for months and years. my pending payments are now the same value as my invested funds.
they introduced LenderMarket 2.0 and said it's for improved functions and features but to me the new site is worse than the original and has fewer features for the investor.
I've now started to get messages and statements on the site about investing risks and loss of investments which you had to click to agree to T&C's before being able to access my account. Never had to do this before since creating an account years ago. This just makes me feel that my investments are at risk of loss and that they can't secure the buy-back guarantees.
so I'm really sceptical now that I'll get my money back.

Update: my pending payments are now double my current invested funds

Update 2: according to Lendermarket my portfolio is making +14% interest which for my portfolio means it should making over 300 euro a month (before pending payments I was making about this) but in July24 I got 10.56, Aug24 I got 2.38 and in Sept24 so far 1.89

Update 3: the pending payments have reduced to nearly nothing. in Sept24 I got 50.00 and in Aug24 I got 40.00. together they still make less than 0.5% of my total pending payments

Stay away of this platform and Creditstar! These guys are doing everything to get your money and keep it as long as possible. Some facts:
1. huge default level to keep your money longer (I presume Creditstar has default level approx. 35%, but here 90% of my loans went to default);
2. This platform offer high interest rate, what has patterns of scam. If Credistar would be financially educated, they would issue bonds with much lower interest rate comparing to 18%, what they are calculating for pending payments (NB! Calculating, NOT paying).
3. Lendermarket has started to offer payment schedules to pay pending payments, but those amounts are ridiculously small! Just imagine, with current 18% which are being calculated for pending payments, I do receive 2x less, so even when this platform has started to repay money back, every day they owe me more and more money!!!

Did anyone see their new CEO? Does this person exist in real life?

Lendermarket and Creditstar have lost all my trust because of issues on Mintos and another case here in their own platform.

QUESTA E' LA PEGGIOR PIATTAFORMA DEL PANORAMA DEL P2P LENDING. SE NON LA CONOSCI, STAI MOLTO LONTANO DA QUESTA PIATTAFORMA. MIGLIAIA DI PERSONE HANNO I LORO FONDI BLOCCATI DA OLTRE UN ANNO. NESSUNA UFFICIALE SPIEGAZIONE. SOLO INUTILI RISPOSTE COPIA/INCOLLA. DIFFIDA DALLE RECENSIONI POSITIVE! PUOI INDAGARE SUL WEB PER CAPIRE COME QUESTA PESSIMA PIATTAFORMA ABBIA GESTITO I SOLDI DEGLI INVESTITORI. COME QUESTA PIATTAFORMA STA TRATTANDO E CONSIDERANDO I PROPRI CLIENTI. LENDERMARKET E' FRA LE PEGGIORI (SE NON LA PEGGIORE IN ASSOLUTO, FORSE ANCHE PEGGIO DI BONDSTER). ESPERIENZA E' IL NOME CHE DIAMO AI PROPRI ERRORI. QUINDI VOI CHE POTETE, NON FATE IL GROSSO ERRORE DI INVESTIRE IN LENDERMARKET.

English Version:

THIS IS THE WORST PLATFORM IN THE P2P LENDING LANDSCAPE. IF YOU DON'T KNOW IT, STAY VERY AWAY FROM THIS PLATFORM. THOUSANDS OF PEOPLE HAVE HAD THEIR FUNDS BLOCKED FOR OVER A YEAR. NO OFFICIAL EXPLANATION. ONLY USELESS COPY/PASTE ANSWERS. BEWARE OF POSITIVE REVIEWS! YOU CAN INVESTIGATE THE WEB TO UNDERSTAND HOW THIS POOR PLATFORM HAS MANAGED INVESTORS' MONEY. HOW THIS PLATFORM IS TREATING AND CONSIDERING ITS CUSTOMERS. LENDERMARKET IS AMONG THE WORST (IF NOT THE WORST ABSOLUTE, PERHAPS EVEN WORSE THAN BONDSTER). EXPERIENCE IS THE NAME WE GIVE TO OUR MISTAKES. SO YOU WHO CAN, DON'T MAKE THE BIG MISTAKE OF INVESTING IN LENDERMARKET.

It's a total scam. Lots of promises at the beginning yet when the moment came to pay back then you get peanuts - pending payments for many months without any prospect of paying it back, and loads of bs on how well LM is doing, and what a wonderful payback guarantees they have got. And they still have nerves to ask for new deposits and auto-reinvestment. DO NOT TRUST!

See LM response below and it is just another lie. They did send me a couple months long payout schedule for ... less then 2 % of all my payments that they are blocking for almost a year. And they attempted to remove my comment claiming that it is harmful.

14/MAY/2024: I have a significant amount in pending payments for the past 1½ years. Less than 2% has been repaid. I can read blogposts that Creditstar has repaid most of what they owe. But why is none of that going back to us?
UPDATE 06/FEB/2025; Upgrading from 2 ** to 2½ *** as Pending Payments has started to trickle in. But keyword being trickle. With this rate repayment will take 3+ years...

Possible scam, they don't pay the money collected, so they are using our money.
They don't transfer money received from platform 1 to platform 2 ( just are completlty received the loan - their saying), you need to withrow to avoid lossing time.
I don't know if they are executing the withrow any ever, i don't have any legal document from them that they'll do.

I tried to access help, you can't chat with someone and support it's telling me he can't support me if'i'm sendng from other adress then the real one

( i replay that this is my real adress and this will be probe for fraud against them)

Stop flaging all of us, i'm not the only one who acusing lendmark, the authorities should make their job against lendermaket

After experiencing liquidity issues and difficulty receiving payments with Lendermarket in the past, I'm pleased to say that the platform has significantly improved. I have since recovered and safely withdrawn all my invested funds, gaining confidence in the platform once again. I will keep all interests and gains reinvested, showing my commitment to the platform. If things continue to go well and my confidence remains high, I may consider investing more in the future. Kudos to Lendermarket for addressing the issues and providing a better experience for investors.

Was using it since 2023. and haven't received a cent back from them and doesn't seem like I will.

I turned off all AI portfolio strategies very long time ago but somehow they decided to turn them on without my consent and I have no access to information when and how they did it. This information doesn't appear in the interface.

Neither can I see any history of active and finished investments. It shows that I have 0 investments made and 0 active. All I see is that my money is somewhere invested and is more than 31 days late and I cant get it back.

Support is totally useless. They don't reply directly to my questions or even ignore them. Trying to communicate with them for almost a month but haven't got any solutions. Only links to useless articles .

Pending Payment...

Edit :
Dreadful Joke when you send a request to the support : "Thanks for your message. We're currently facing a high volume of messages. We'll get back to you as soon as possible. For enquiries relating to Lendermarket 2.0 - including the transfer of Available Balances, please visit our Comprehensive Overview. For help checking returns following Pending Payment releases please visit your Account Statement or our explainer video on Pending Payments."

I have been using Lendermarket for more than 3 years now. Really happy to share that recently they started paying back the delayed payments and have honered their obligations with paying extra intrest rate.

It's a scam! I've been waiting for pending payments for over a year and my money is not gonna see my bank account for sure as they postopone the payments 6 times... It's a total scam, run by clowns...Don't lose money. I've lost over 6k euros in this baloon.