***Note: Since writing this post, RateSetter has changed its name to Plenti***
Just a quick update regarding the RateSetter signup bonus.
Quite a few of you have taken up the bonus that RateSetter offers Strong Money readers, which is great!
I know some of you have signed up in the last few weeks but haven’t received your bonus yet. Thanks for letting me know by the way!
I’ve been chasing this up with RateSetter in the last couple of days.
They have informed me there was a technical error. And they’ll be paying out the signup bonuses later this week. So everyone who met the criteria will receive their bonus by early next week, at the latest!
For those unaware, see my post about the offer – P2P Lending: How To Get A 14% Return.
Essentially, I’ve set up a deal with RateSetter. Any readers who signup using my link, and invest (lend) $1000 in the 3 year market (or longer), get a $100 bonus which will be paid shortly after the investment is made. And this blog will receive the same bonus too – so thanks for your support!
For those who missed my review of RateSetter and Peer-to-Peer Lending in general – see my overview here – Become A Bank With Peer-to-Peer Lending.
Usually, RateSetter runs a report at the start of each month to see who qualified for the bonus from the month just ended, making payment thereafter. Generally, the bonus payments are made in the first fortnight of each month. (Update: RateSetter now runs this report every week or two, so the signup bonus is now paid much faster!)
If there’s any issues with the link or you didn’t receive your bonus, please let me know.
Almost everything you’d want to know regarding the RateSetter platform and how it works, is available on their website.
And finally, if you have any other questions about P2P Lending, just ask. I’ll try and help as best I can 🙂