It is some time since a Metro Bank company, Retail Money Market Ltd promoted loans as an agent on behalf of “Ratesetter Lenders” as peer to peer lending. Retail Money Market Limited was dissolved as a company in September 2023. Prior to its dissolution, Metro Bank plc allegedly picked up the loans and related personal guarantees by way of an assignment from Retail Money Market Limited.
However, in a recent matter that raised its head again from a case we were dealing with back in 2019, and because we still had the records going back to 2018 and before, we were able to establish that Metro Bank plc did not have any rights to pursue the Ratesetter loan or personal guarantee, and that their alleged assignment was indeed defective.
If you are being pursued with respect to an old Ratesetter loan or personal guarantee, it might be well worth your while discussing the matter with us to establish with Metro Bank plc have any rights to pursue you under such an agreement.