shimself
Member of DD Central
Posts: 2,561 
Likes: 1,170
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Post by shimself on Dec 13, 2014 10:24:05 GMT
Dear representative of Ratesetter - any explanation why Rateesetter wont take on lenders from other EU countries, and chance of a change of mind? sorry to hijack the thread.
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Post by westonkevRS on Dec 15, 2014 13:11:18 GMT
Dear representative of Ratesetter - any explanation why Rateesetter wont take on lenders from other EU countries, and chance of a change of mind? sorry to hijack the thread. RateSetter will accept UK Residents, you don't have to be a UK Citizen. We cannot currently accept non-UK residents because from a regulatory perspective we must KYC (formally identify all lenders, with compliant Know Your Customer checks) all lenders. We don't have the capability to KYC people living outside of the UK (unless they are somewhere else, but perhaps have a bank account here and an address where they have credit or on electoral roll). If we wanted to we could invest in this technology, but currently have no plans to. We'd also have to ensure the regulatory aspects were compliant, and worry about accepting non UK bank payments... Kevin.
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shimself
Member of DD Central
Posts: 2,561
Likes: 1,170
|
Post by shimself on Dec 15, 2014 22:20:40 GMT
Dear representative of Ratesetter - any explanation why Rateesetter wont take on lenders from other EU countries, and chance of a change of mind? sorry to hijack the thread. RateSetter will accept UK Residents, you don't have to be a UK Citizen. We cannot currently accept non-UK residents because from a regulatory perspective we must KYC (formally identify all lenders, with compliant Know Your Customer checks) all lenders. We don't have the capability to KYC people living outside of the UK (unless they are somewhere else, but perhaps have a bank account here and an address where they have credit or on electoral roll). If we wanted to we could invest in this technology, but currently have no plans to. We'd also have to ensure the regulatory aspects were compliant, and worry about accepting non UK bank payments... Kevin. Hi Kevin, thanks I've got a lot of experience with this. Pretty much everybody insists on the lender having a UK bank account (I do obviously), yu really don't have to accept non uk funds (but mind you SEPA works fine so it's not really a problem any more thanks to EU not kidding) A UK history is helpful, (mine is essentially some years old). After that what the guy from **** (crowdfunder) told me was that he had to pay Experian an extra tenner to get what he needed (ie electoral roll etc in my EU country). Obviously certified passport copy, utility bill. Blood and stool sample, and a lock of my great granny's hair clinches it. Can you private message me I might just make it with you? Thanks
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