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Post by elephantrosie on Feb 25, 2018 17:14:22 GMT
which p2p platforms accept cash deposit via credit cards?
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Post by dan1 on Feb 25, 2018 17:32:35 GMT
which p2p platforms accept cash deposit via credit cards? I would sincerely hope that none would. Borrowing to invest requires a great deal of thought, whereas typing in a credit (instead of debit) card number is all too easy.
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star dust
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Post by star dust on Feb 25, 2018 18:19:24 GMT
which p2p platforms accept cash deposit via credit cards? I would sincerely hope that none would. Borrowing to invest requires a great deal of thought, whereas typing in a credit (instead of debit) card number is all too easy. One would also hope (though I don't know) that the FCA would not approve it either, and it would prevent any Platform's offering it from being approved by them.
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Post by elephantrosie on Feb 25, 2018 19:41:18 GMT
which p2p platforms accept cash deposit via credit cards? I would sincerely hope that none would. Borrowing to invest requires a great deal of thought, whereas typing in a credit (instead of debit) card number is all too easy. thank you for the advice. it is not what you are thinking, really. but still appreciate your wisdom.
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Yintara
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Post by Yintara on Feb 25, 2018 21:06:21 GMT
Collecting Airmiles? If so, check about the cash advance fees as mentioned above. (I forgot about them to my 50p detriment when I put a tenner on the Grand National last year with a betting site. Luckily it came in second so I didn't have to sell the house to pay the charge  ) |
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stub8535
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personal opinions only. Not qualified to advise on investment products.
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Post by stub8535 on Feb 25, 2018 22:22:55 GMT
Wouldn't it be great to invest in a loan using a credit card for more than £100 and print the loan details. If it does not pay back in accordance with expectation then S75 rules would, maybe, give one some protection?
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Post by elephantrosie on Feb 26, 2018 8:37:48 GMT
Collecting Airmiles? If so, check about the cash advance fees as mentioned above. (I forgot about them to my 50p detriment when I put a tenner on the Grand National last year with a betting site. Luckily it came in second so I didn't have to sell the house to pay the charge ) mine does not come with air miles and no transaction fees.
glad you managed to keep yr house.
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Post by wiseclerk on Feb 26, 2018 10:33:33 GMT
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Post by elephantrosie on Feb 26, 2018 12:22:15 GMT
none of them are UK based platforms.
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Post by wiseclerk on Feb 26, 2018 12:27:14 GMT
You did not ask specifically for that. and Flender will Launch in the UK in near future.
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Post by justuslee on Feb 26, 2018 13:20:49 GMT
In my humble opinion, no platforms should be accepting credit cards to credit lender accounts.
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kulerucket
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Post by kulerucket on Feb 26, 2018 22:20:14 GMT
I don't see what the problems is if you are responsible. I quite like the ones that do since I get a percentage cashback for spending on the credit card. If they all did, I'd be cycling the money around all the time and earning extra profit.
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stub8535
Member of DD Central
personal opinions only. Not qualified to advise on investment products.
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Post by stub8535 on Feb 26, 2018 23:43:35 GMT
Wouldn't it be great to invest in a loan using a credit card for more than £100 and print the loan details. If it does not pay back in accordance with expectation then S75 rules would, maybe, give one some protection? For avoidance of doubt. It is not likely that an S75 claim would be upheld under current rules. Please recognise the word "maybe" in my original is the operative caveat in my final comment.
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