Services for Alternative Lenders

If you have given financial backing and support to a project via alternative lending and you have lost money, there is legislation in place which could help you to recover your cash.

JMW’s solicitors have a comprehensive understanding of this area of law and have helped investors in all kinds of projects to get back finance they have lost. If you have been left out of pocket after investing in a project call us now on 0345 872 6666 to discuss your situation with our team.

Your responsibilities

The alternative lending sector is exactly that – an alternative to the norm. And while this is a positive in many ways, it also means that investors are sometimes not afforded the same amount of protection as in other situations, and must take even more personal responsibility for their choices.

It is vital that as well as checking out the credentials of a project you also comprehensively assess the terms of any deal you enter into. As an example, crowd funding site Kickstarter does not have any facility to refund backers who have lost money as funds donated are never received by the website at all – and this is clearly stated in their terms and conditions.

Bear in mind that many alternative lending structures are not FSA authorised or regulated, meaning you will not have access to channels like the Financial Services Compensation Scheme should things go wrong.

Steps you can take to protect yourself include:

  • Check whether a start up business you are investing in has insurance
  • Look into the cash reserves a start up has available
  • Ensure you do not invest more than you can afford to lose

How we can help

While it may look as though cash lost in an investment is unrecoverable there are ways in which our experienced and knowledgeable solicitors can help.

Often we can use the following to secure funding back:

  • Unfair Contract Terms Act
  • Consumer protection statutes
  • Financial Services Regulation

This is because sometimes, terms and conditions applied to some alternative lending deals are vague, allowing us to challenge them and get back cash honest backers have invested.
Contact us today

If you have been left out of pocket after investing in any kind of project our solicitors may be able to help you get your cash back. Call us today for an honest appraisal of your situation - 0345 872 6666.

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