I recently read a lot about P2P lending sites and their favourable interest rates but the skeptic in me wants to get more opinion from real people here with experience (and not blogs that get affiliate profits) of using these sites.
- Was anybody using (or know about) P2P lending sites around the time of the last recession in 2008 and is it possible to withdraw your funds in a situation like this?
- Even with cashback guarantees, has anybody had any issues with loan failures or withdrawal problems?
In general I would like know about any users here that had a negative experience on these sites in relation to withdrawals and loss of income.
Edit: Based in europe