There are risks with lending at The Money Platform, the biggest being that a borrower doesn't repay. The Money Platform has the following steps in place to keep this risk to a minimum:
- Borrowers are identity checked, credit checked and risk assessed for their loan by our experienced team
- A debt collection agency will chase outstanding debt on your behalf.
We have a plan in the event that The Money Platform ceases trading - The Money Platform does not hold client funds (these are held in segregated accounts) and loans are made between borrower and lender and do not form part of the Money Platform's assets.