Assetz Capital Reviews

Shocking company. From the start it was shady on investments and defaults and in particular how to withdraw funds. Seems likely a scam to pay high directors fees then wind up for individual investors. Should be investigated by Financial Ombudsman for criminal fraud or negligence. Stay away from these people no matter what company they get involved with.

Assetz Capital staff are incompetent and disrespectful! Utterly despicable the way Assetz Capital treat investors. They put company into run off and lock money away for years without warning. Funds that were in an access account may or may not ever be seen again. They don't answer the phone. Refer you to live chat that doesn't exist. I am left with tens of thousands of pounds trapped in Assetz Capital. I am having to borrow from friends and my house purchase is in jeopardy. How the Financial Ombudsman can allow such treatment is beyond me. Huge number of defaulted loans starting to appear confirms terrible underwriting and mis selling as low to medium risk loans. Please someone deal with this unscrupulous company. As for any institutional investors or borrowers looking to partner with the 'new' Assetz Capital, you would be off your rocker to do so! Thousands of people have suffered at their hands, and you, too, will pay the price if you decide to do business with these useless, self-serving individuals at Assetz Capital.

I have previously reviewed AC and given a high score. When interest rates were low, AC offered very high rates. I was happy when the money was coming in. All that changed with COVID. Suddenly the company was in difficulty. I do understand that it had to close its books and slowly release the money to investors but I am annoyed with the way they treated me. I asked to withdraw my funds at a time when there were no restrictions in place and they failed to act on my instructions. I don't know if that was deliberate. I have no proof but suspect they flouted their own rules. They then decided to freeze people's money and I lost out. I'm also unhappy with the changes in how we obtain our money. Getting charged a fee of £1 to access the pitiful drip feed of our monthly returns is a joke. On the plus side, I am still earning interest. However the recent trend in consulting investors on how to deal with bad debtors and people in arrears highlights how many risks this company took with investor's money. I don't think I will ever trust P2P investment companies again.

High number of bad loans, which were had no backing/security. And what money they haven't written off and still hold they refuse to release.

The spivs and sharks have transitioned over to institutional investors leaving the retail investors high and dry with their money locked in (often in bad loans). After three years, I still have money there while the head spivs have moved away from their P2P past.

Relatively small amount I will never see I guess. Gained overall fortunately got most out as p2p started to fail. Main loss Wellesley segued artfully out of their obligations while remaining in business. Never put money other than FSC guaranteed again