arby
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Post by arby on Mar 25, 2019 12:47:51 GMT
I suppose the temporary effect for this min bid restrictions is cash inflow to FS, i.e. investors may need to top up instead of reinvest from completed loans. Which will happen more? People withdraw or people top up?
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benaj
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Post by benaj on Mar 25, 2019 13:56:12 GMT
On the other hand, it's not great for whose investing within ifisa who has reached top up limit in the tax year and can't invest from available fund in these loans with bid limits
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mjc
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Post by mjc on Mar 25, 2019 21:59:30 GMT
I would rather like a minimum of £500.
i would like even more to have some long overdue loans be repaid so I had some money to buy these loans.
I don’t want to knock FS, but I’ve only been with FarceSecure for 12 months, and so only have 140 (almost all supposedly active) loans, with 138 of them past their ‘expected end date’.
Most of mine were typically £500, just 1% aim of £50k invested. I now have circa £18k in LaLa land, much of which I expect to have to write off. The other £30k thankfully extracted. So I do wonder if this £500 min is the dying throws of FS.
Have I complained? Can’t be arsed to, won’t do any good. Waste of dollar time on a dime payback job.
Yet I’m quite happy with £1k in Proplend, or £5 or £10k in HNW, per investment.
I know there will be the usual defenders of the faith in FS, coming to their defence, but I’m out.
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Post by beepbeepimajeep on Mar 25, 2019 22:16:47 GMT
So I do wonder if this £500 min is the dying throws of FS. I think you have a point. In my opinion, it's designed to lead to fewer investors per loan leading to to less complaints overall. Reality : It will just make loans harder to fill for them. The best way to stop complaints is to run your business competently, rather than gaining investments through loans which have been misrepresented.
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