If you've heard about P2P lending/investing but aren't sure how it works, you've come to the right place. I will explain all the basic things you need to know in this post.
doFinance was the very first P2P platform I registered at and wired my money to. I chose it because it was the simplest one, not requiring any maintenance at all. At the time (January 2018) they offered a 12% return if the investment was 6 months long so I put 800 € there and watched my money grow. It was almost like a savings account at a bank.
The first bit of bad news appeared in April. The three different rates that had previously been 6%, 8%, and 12% were changed to 5%, 7%, and 9%. My 800 € were still earning 12% but once the 6 months were up in July, I would have to reinvest them at 9% because they didn't offer 12% anymore.