Post by aju on Sept 7, 2018 17:21:25 GMT
Do our loans in both invest and ISA by chance get lent to borrowers via say a retail outlet. If they do does anyone know whether our loan is with the retailer or the actual borrower.
The reason I ask is I read somewhere that this is happening more and more in P2P and was curious what happens if the retailer, in the example I read it was car financing, goes bust. Does the loan get assigned to zopa and ultimately to me say or is it lost money.
I think I read it in passing in the FT but it was a couple of days ago and can;t find the reference anymore. probably having another senior moment myself ;-)
The reason I ask is I read somewhere that this is happening more and more in P2P and was curious what happens if the retailer, in the example I read it was car financing, goes bust. Does the loan get assigned to zopa and ultimately to me say or is it lost money.
I think I read it in passing in the FT but it was a couple of days ago and can;t find the reference anymore. probably having another senior moment myself ;-)
