October Reviews 971

I recieved my withdrawal within 1 day whats the problem with all you

Invested on 6 peer to peer lending platforms. 4 gave me solid 7%+ returns, 1 went bankrupt, and October delivered a 2.5% loss. All but October have since ceased operating or changed their business mode to BtoC. To their credit, they continue to chase borrowers and try to limit losses. Still, in my view this type of business was a failed experiment.

I can unfortunately only echo many of the comments below, notably the very sketchy information on late loan repayments, Client support reactivity is also below par and this does not help to retain trust. Last (and not least) the platform has been totally unavailable to access on my laptop or the app and in absence of response to my queries by mail, I am considering reporting it to the regulators.

Worst platform ever.

I invested 5.000€ in 20 projects during 6 months. Many of them behind with the repayments or just failed. One of them actually just repaid on month and then stopped so I guess the borrower so an opportunity in this platform to run away with the money. Overall, my net yield was 0.35%.

je n'arrive plus à me connecter au site October alors que j'ai encore des placements . Comment peut-on se connecter?

Absolutely a disgrace in the beginning was very enthusiastic only after they got acquired downhill rapidly. No more projects and feels they don't care about there costumers anymore.
My advice stay as far away from this.

I've been enthusiastic about October until they got acquired. Since, no new project - ok - and ongoing projects are falling into default one after the other....

It seems they no longer care about their customers and financed projects. Not much update except to notify about new defaults.

After having invested in more than 200 projects, I'm now 1% interest overall! Until I'm not which is to be expected as they don't look after financed projects and expected capital to be reimbursed...

October has had no projects to invest in offered on the platform the last 2-3 months. This, for an investment platform seems very concerning and problematic. Since my last review more of my investments have had late repayments/defaulted completely. Would not recommend October to anyone with the developments experieced lately

I am on October since november 2021. There is a important lack of updates when projects are in default. VERY IMPORTANT LACK OF INFORMATIONS ABOUT IT + I think projects are not filtered enough. Some defaults projects could have been in avoided with a more efficient analysis from "October experts".

I invested in 60 projects : 12 are in defaults (some of them had payments issues less than 2 months after the beginning of the loan, there is C-, C, and B projects). Conclusion, the interests I received are not sufficient to cover the losses, I lost money.

(October funds invest in some projects) I think the platform will encouter financial issues soon (if it is not already the case). I do not recommend it.

Quite reliable App for iPhone, responsive, quite user-friendly and displaying the necessary figures. To be improved I would say, is the long list of Loans which cannot be sought by keyword, cannot be sorted by any criteria, cannot be extracted in tabular format and does not display the initial loan length in months.

Still some features to improve, such as the identification of amortized loans (for personal control) or some information of the companies, inconsistent for automatized but..... they are listening and trying to improve it. Many chances to analyse and invest.

They are very transparent with all of the different projects.

Great partner meeting ! Pertinent content for the partners presented in a short format.

Please stop with the BOT and let me talk to a real person.

I try to withdraw part of the funds 6 days ago, butI always get an error message. I got my IBAN and all details right. The support given is very bad, because the answer I recived was to wait, then I receive an email that the problem was solve, but is not.......
Very bad when you place your money and they don't release the funds you place and that are available.

Application and system works fairly well, but I think the risk assessment is not really good. I don't find it normal that having 110€ in earnings, 40€ are unpaid, leaving after 3 years the total return in 60€ with money put in 100+ projects most of which in risk B or lower. I am also in mytriplea, with automatic applications for factoring and same return with-in a year and half amount invested, and also with an insurance that covers unpaid principal plus interests. I think october should review their risk assessment and/or find some kind of insurance for the lendings even if it at the expense of the interest, it's better 3% over 100€ than 3 delays (if not defaults) over 20€ lendings with 5% interest, to put an example.

Very good app & website, none of my projects were not refunded.