archie
Posts: 1,838
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Post by archie on Dec 5, 2019 13:46:50 GMT
How and when was the Update ? I didn't receive any emails from MT. No email. On site : Support>General Update
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invester
P2P Blogger
Posts: 612
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Post by invester on Dec 5, 2019 14:44:29 GMT
I fear the worst here.
At what rate would they have taken out this loan? Probably at the same rate that they are charging other businesses, because a bank wouldn't touch it.
Nothing came of the last strategy pivot to go after lower-interest, lower risk loans. In fact IIRC the first loan they rolled out after this was a high-risk development one.
So, I can see tomorrow's news being bad, and if I was a betting man I would think they may offer to run down the book for the benefit of investors instead of administrators getting involved, where the cost would be greater.
Just feel the toxicity level of the loan book has gotten too high.
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invester
P2P Blogger
Posts: 612
Likes: 618
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Post by invester on Dec 5, 2019 14:58:42 GMT
Anyone checked out R***d F*****e Ltd?
Seems to have a dubious past and previous involvement from a well-hated P2P figure, if I have not made a mistake here?
Genuinely thought MT were among the good guys....
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