Unbolted Review: Peer to Peer Lending

Unbolted is a UK based online personal asset-based peer-to-peer lending platform, where individuals can borrow from other individuals by using high value personal assets such as luxury watches, cars, fine arts, antiques, jewellery and commodities such as gold.




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  • canythould43
Unbolted Review: Peer to Peer Lending
  • canythould43
    The principal of the loan is protected by the Provision Trust. Unbolted transfers 1% of the principal of every loan made out of its own fees to the Provision Trust.

    All lenders are covered by the Provision Trust against any risk of shortfall in recovery of loan principal, except for lenders of Gold Loans who are protected by the Gold Trust for their entire dues including the interest
    25 days ago
  • canythould43
    Unbolted is regulated by the UK Government’s Financial Conduct Authority #663780 under full permissions. FCA regulation is nothing like the FSCS (Financial Services Compensation Scheme), which covers consumers when they deposit money in banks. The FCA answers to the UK Parliament and has the ability to pursue criminal action against companies that violate its standards.
    25 days ago
  • canythould43
    The platform offers pawnshop style loans to the general public with very liquid assets. These types of assets can be sold very quickly upon default. P
    25 days ago
  • canythould43
    Unbolted operates a provision fund which can be utilised to cover any shortfall in the recovery of the loan principal on the sale of a pledged asset. It’s important to note that this fund cannot be considered a guarantee as it remains subject to sufficient funds being available.
    1147 days ago
  • canythould43
    Loans on the Unbolted platform are all secured against underlying personal assets. In addition, certain loans have an additional layer of security
    1147 days ago
  • canythould43
    Unbolted have announced that that they will cease providing their ‘Gold Trust protection’ for new gold/precious metal loans. As a result of this reduced protection, lenders will benefit from increased interest rates.
    1147 days ago
The platform offers pawnshop style loans to the general public with very liquid assets. These types of assets can be sold very quickly upon default. Pawnshops typically do better in economic downturns than they do in times of prosperity as people will borrow against personal assets when they are unable to get an unsecured personal loans. LTV’s are usually very low as defaults can be high, so pawnshops need to make sure they can always recoup capital.
Last replied by canythould43 on Thursday, 12 January 2023