Worthy FinancialReviews of worthybonds.com

I've had a lot of good experiences with Worthy. I've been investing in their bonds on-and-off for many years now, and it's been an overall positive experience. The people who give Worthy bad press on here are by-and-large people who don't really understand how bonds work. Some of the onerous falls onto Worthy for not ensuring the investors are educated well enough to properly weigh the risks, but most of the fault is on the investor in question. Bonds are not risk-free. They usually don't follow the trend(s) of most stock indices (like the S&P 500), but sometimes they do. Bonds are a lot like stock, but instead of owning a piece of a company, when you buy a bond, you're essentially loaning out that money. Given the fact that Worthy's bonds are $10 each, and the fact that they diversify the money they receive from investors, it's VERY low risk. But again, they aren't risk-free. If a business defaults on a loan with Worthy, and investors who have money in that loan want to sell / liquidate, Worthy has to use money in their bankroll to pay the investor for their bond and interest. Being that they're a financial institution, they're required by law to keep a certain amount of actual cash on hand. So, if a large enough loan defaults, and enough investors want to pull their money out from that loan, Worthy has to wait for payments on other loans to roll in before they pay those investors back. As long as Worthy is still running, you'll get your money. And while you wait for payments to roll in, your invested capital is STILL EARNING INTEREST! No one should put money that they might need within the near future into an investment like stocks or capital bonds. Having to wait for over a year to be paid back is a pain, but that sometimes happens with capital bonds. The money you invest in capital bonds with should be money you won't need for a good while. That's just common financial-sense. Do your research. Like Warren Buffet says, don't invest in anything you don't fully understand. As a company, Worthy is great. Don't confuse the illiquidity of bonds with the quality of the company. One small caveat to my review of Worthy: their iOS app (which is currently under re-development) needs some serious upgrades. There are also some small issues I've had with not receiving notifications when a bond is pending approval. Also, they are not backed by the FDIC like I originally thought. Which means you are not guaranteed to get your money back if the company goes backrupt.

Do NOT buy these! Scam alert, took a lot of people’s money….then we get this email…” Our collections on outstanding loans and investments and periodic redemptions of outstanding bonds continues but it does not appear likely this will cover all outstanding bonds“ You have been warned

AWFUL! Have refused to pay out any interest or bonds for well over a year. Lies, misleading tactics to invest with them and you're paying taxes on money you have no control over.

Con Artist Stay Away Far Far Away

Insanely bad company. Refuses to let you withdraw funds back but happily accepting more and more money. No communication, scam artists. This has to be illegal

I purchased bonds in Worthy Peer Capital 1 more than 3 years ago. Over a year ago, I requested a withdraw of all of my money but they stated that they currently didn't have enough money to pay back all shareholders. Apparently they have created a queue for payback based on factors that they won't specifically disclose, nor will they disclose where I am in the queue. I'm not at all confident that I will ever get any of my money back. BTW, I've read several current reporter reviews that praise Worthy as a great investment. Obviously, they haven't done their homework and have probably just copied someone else's story.

Used Worthy for a few years and built up quite a savings and then I had to pull some out for a house I was building. Then I came into some more money and wanted to put some back in but I could not change the bank account that was connected. I tried multiple times but it kept giving me errors although it was an account I used to use with worthy. So then I tried to use another normal bank account and it also just kept giving me errors with that. That let me know that it was a worthy problem so I contacted customer service and explain to them and even gave them screenshots of exactly what was happening they said they would look into it and no one ever got back to me again. I then sent the same messages again someone said they would be looking deeper into it and no one got back with me yet again so I gave up and quit using worthy because I realized that their customer service is just not up to par

The Worthy App has been a great tool for me to effortlessly save money. Customer service has also been helpful when I've needed them. My only suggestion would be improving the performance of the Round Ups feature. Allow multiple linking sources to help make this app even better!