Your capital is at risk and investments are not covered by the Financial Services Compensation Scheme (FSCS).

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Your capital is at risk and investments are not covered by the Financial Services Compensation Scheme (FSCS).

Late payment or default of a P2P loan

Simple Crowdfunding operates a flexible approach to debt recovery, which is always geared towards what is most likely to achieve the best result for investors and is informed by the circumstance and behaviour of the borrower leading up to, and during times of distress.

Any default and chasing activity history is recorded against the fundraiser record.

We do not believe that a ‘one-sized’ approach is viable and Simple Crowdfunding must approach each situation mindful of how to best appeal to the fundraiser in distress to get the optimum recovery.  This includes:

  • Creating the right type of relationship at inception of the loan – underpinned by our human interaction and desire to understand the principals’ motivations and credibility
  • Pre-chasing repayments automatically
  • Chasing monies due on day of receipt, and if delays advised communicating appropriately with both fundraiser and investors
  • Not being too rash with regarding to formal legal letters etc.
  • Not being too late regarding formal legal letters etc.

Whilst communication alone won’t solve the issue, it enables Simple Crowdfunding to pass on coherent updates to investors and stay in communication with the people that are ultimately going to resolve the situation in a positive manner.


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CAN I INVEST THROUGH MY COMPANY OR SSAS TRUST? CAN I, MY COMPANY OR TRUST INVEST MORE THAN ONCE? AM I ABLE TO INVEST IF I LIVE OUTSIDE OF THE UK? WHAT ARE THE FEES TO INVESTORS? WHAT IS A SENSIBLE INVESTING STRATEGY? CAN I LOSE ALL OF MY MONEY WHEN INVESTING? ARE RETURNS GUARANTEED? CAN I GET MY MONEY OUT WHENEVER I WANT? ARE MY INVESTMENTS THROUGH SIMPLE CROWDFUNDING COVERED BY THE FINANCIAL SERVICES COMPENSATION SCHEME (FSCS)? WHAT HAPPENS IF SIMPLE CROWDFUNDING CEASES TO EXIST? WHAT HAPPENS IF THINGS GO WRONG? WHAT ARE THE RISKS ASSOCIATED WITH INVESTING? WHAT HAPPENS WHEN THERE IS A PROBLEM WITH A PEER TO PEER LOAN? IF A P2P FUNDRAISER RUNS INTO DIFFICULTY, IS MY INVESTMENT SECURE? WHO SETS THE PRICE OF THE P2P LOAN? REVIEW UNDERTAKEN BY SIMPLE CROWDFUNDING IN RESPECT OF P2P LOANS WHAT FACTORS DO YOU CONSIDER WHEN DECIDING WHETHER OR NOT TO LIST A P2P LOAN? LATE PAYMENT OR DEFAULT OF A P2P LOAN SECONDARY MARKET FOR P2P WHICH INVESTOR PROFILE SHOULD I CHOOSE? WHY DOES SIMPLE CROWDFUNDING NEED TO VERIFY MY IDENTITY? HOW DO I ACCESS PROJECT INFORMATION AND THE FORUMS? HOW CAN I ACCESS MY PORTFOLIO? WHAT INFORMATION IS PROVIDED IN MY PORTFOLIO DASHBOARD ABOUT MY INVESTMENTS? HOW MUCH CAN I INVEST? WHO DO I TRANSFER FUNDS TO? HOW DO I WITHDRAW MY FUNDS? WILL PEOPLE BE ABLE TO SEE IF I HAVE INVESTED? CAN I CANCEL MY INVESTMENT? CAN I SHARE INFORMATION ABOUT THE PROJECT, RAISE OR INVESTMENT WITH OTHERS? TAX CONSIDERATIONS WHEN INVESTING DO I HAVE TO PAY TAX ON MY RETURNS? DOES SIMPLE CROWDFUNDING DEDUCT TAX ON BEHALF OF ITS INVESTORS? HOW DO I CALCULATE MY TAX LIABILITY? WHAT HAPPENS IF THE TARGET AMOUNT IS NOT REACHED? WHAT DOES SIMPLE CROWDFUNDING DO ABOUT CONFLICTS OF INTEREST? WHAT HAPPENS TO MY INVESTMENTS IF I DIE?