littleoldlady
Member of DD Central
Running down all platforms due to age
Posts: 3,017
Likes: 1,835
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Post by littleoldlady on Feb 2, 2018 12:02:37 GMT
Crikey! 19%, LTV 81.4%, Second Charge and D rated. Is this the riskiest loan ever? Filled quickly enough so people must think 19% is fair for the risk. I put in a small amount - as much as anything to follow events with interest even if I never get any interest.  |
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rs
Member of DD Central
Posts: 467 
Likes: 254
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Post by rs on Feb 2, 2018 12:16:46 GMT
Crikey! 19%, LTV 81.4%, Second Charge and D rated. Is this the riskiest loan ever? Filled quickly enough so people must think 19% is fair for the risk. I put in a small amount - as much as anything to follow events with interest even if I never get any interest. I did not get any on Lox as logged in too late. But must say I think i'm glad I missed out on this one. Can't wait for the next loan though!
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tarq
Member of DD Central
Posts: 125
Likes: 28
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Post by tarq on Feb 2, 2018 13:23:26 GMT
Managed to get a little nibble of this.
Keen for more loans though.
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Post by munchydave on Feb 2, 2018 16:25:25 GMT
Crikey! 19%, LTV 81.4%, Second Charge and D rated. Is this the riskiest loan ever? Filled quickly enough so people must think 19% is fair for the risk. I put in a small amount - as much as anything to follow events with interest even if I never get any interest. I did not get any on Lox as logged in too late. But must say I think i'm glad I missed out on this one. Can't wait for the next loan though! Looks very risky to me. Where is the security? Property to be demolished! what's it worth then? Owner a limited liability company, could go bust at any time. Second charge and very high LTV in fact it could well be over 100%. Promises of big returns when new house is built. Seen it all before and many of them are in massive default though not on this platform. 19% interest so desperate for the money eg banks and building societies will not touch it. If you missed out on this, like me, you may be the lucky ones.
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