ArchOver Peer-to-Peer Business Lending
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Hours
Chamber Rating
-
Md Nazmul
Sep 13th, 2018 -
William Gubbins
Sep 30th, 2022 -
Abi Hughes
Sep 4th, 2022 -
Ben B.
Feb 21st, 2022 -
Iona Anderson
Nov 22nd, 2018
Contact Info
- (203) 021-8100
Questions & Answers
Q What is the phone number for ArchOver Peer-to-Peer Business Lending?
A The phone number for ArchOver Peer-to-Peer Business Lending is: (203) 021-8100.
Q Where is ArchOver Peer-to-Peer Business Lending located?
A ArchOver Peer-to-Peer Business Lending is located at 40 Gracechurch St, Candlewick, eng EC3V 0BT
Q What is the internet address for ArchOver Peer-to-Peer Business Lending?
A The website (URL) for ArchOver Peer-to-Peer Business Lending is: http://www.archover.com/
Q What days are ArchOver Peer-to-Peer Business Lending open?
A ArchOver Peer-to-Peer Business Lending is open:
Saturday: Closed
Sunday: Closed
Monday: 9:00 AM - 5:30 PM
Tuesday: 9:00 AM - 5:30 PM
Wednesday: 9:00 AM - 9:00 AM
Thursday: 9:00 AM - 9:00 AM
Friday: 9:00 AM - 9:00 AM
Q How is ArchOver Peer-to-Peer Business Lending rated?
A ArchOver Peer-to-Peer Business Lending has a 3.2 Star Rating from 6 reviewers.
Hours
Ratings and Reviews
ArchOver Peer-to-Peer Business Lending
Overall Rating
Overall Rating
( 6 Reviews )
William Gubbins on Google
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Abi Hughes on Google
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Ben B. on Google
I've made a number of investments of around 20k+ ranging from 6 months to 2 years with Archover. Overall the experience has been extremely disappointing, to say the least
Five of the investments have had to extend their repayment deadlines (often times multiple times), and two of them have defaulted.
The secured and assigned loans are meant to be secured against the company's recurring revenues and assets, however, when a company couldn't pay its loan back, after a couple of years of going to court, the settlement agreed upon will 'not produce much'. This not to mention that the whole time the company allowed for the friends and family of the borrowing company to buy in the loan, creating a conflict of interest in the case of a default.
So, the 6k invested in Archover's secured loans (the most secure ones) was thrown out the window. This accounts to about a 30% loss, with their safest loan option!!
Their due diligence is non-existent because they are gambling with your money, not theirs + the companies borrowing have atrocious finances (otherwise they wouldn't be borrowing at these rates) and this makes a terrible combination. Do yourself a favour and avoid this company! Stick to the S&P500
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Iona Anderson on Google
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Md Nazmul on Google