We are pleased to provide an update on the ongoing progress by Creditstar Group in managing Pending Payments, reflecting continued effort and commitment to Lendermarket’s valued investors since the last update in March 2024.
Steady Flow of Pending Payments Settlements
Creditstar Group continues to demonstrate a consistent flow of Pending Payments settlements to investors since our last update in March 2024. By prioritising these settlements, Creditstar ensures that investors receive their principal, interest and Pending Payments interest on a regular basis, reinforcing trust and confidence in their financial commitments. We anticipate ongoing regular payments from the Loan Originator, affirming that Creditstar has successfully avoided any loan defaults through these efforts.
Continued Earning on Pending Payments
It’s important to emphasise that investors continue to earn 18% interest annually on Pending Payments exceeding the 10-day grace period. Even though investments in loans do not guarantee instant access to funds, Lendermarket investors keep earning Pending Payments interest, which is equal to the highest return on the platform, until funds reach the available balance.
Investment Opportunities Amid Decreasing Interest Rates
With the lowering of the three key ECB interest rates by 25 basis points and ongoing decrease in interest rates across Europe, now is the perfect time to secure high-yielding investments through Lendermarket. Our Auto Invest tool offers a seamless way to maximise your returns. By using the predefined Auto Invest tool portfolios, you can secure:
- 14% annual returns for investments of 6 months
- 16% annual returns for investments of 12 months
Setting up a predefined Auto Invest portfolio takes less than one minute, allowing you to efficiently manage your investments and capitalise on these high returns.
Looking Ahead
Creditstar Group remains dedicated to ensuring a consistent flow of Pending Payments settlements while supplying high-yielding investment opportunities to Lendermarket investors. The Lendermarket team deeply appreciates your trust and patience as we continue our efforts to address and reduce the Pending Payments situation at Creditstar.
For any inquiries or assistance, please do not hesitate to contact us. Our frequently asked questions section is also available for quick reference.