Post by oldgrumpy on Mar 5, 2014 20:55:59 GMT
I have just noticed something of which I was unaware.
The scenario ............ Bid and win for four 10.5% loan parts at £25 each, and two more parts at 10.5% for £50 each. Total investment £200.
Look at your loan book, and what have you got? Six loan parts to sell as and when necessary.
WRONG!!
You've got two £100 loan parts, which will be more difficult to sell, (and you may only want to sell a couple of £25 parts!!)
I have e-mailed FK to try to get this practice stopped, even reversed. I hadn't noticed it before. I want all my small loan parts listed separately just as I bought them.
I'm off for a beer!!
The scenario ............ Bid and win for four 10.5% loan parts at £25 each, and two more parts at 10.5% for £50 each. Total investment £200.
Look at your loan book, and what have you got? Six loan parts to sell as and when necessary.
WRONG!!
You've got two £100 loan parts, which will be more difficult to sell, (and you may only want to sell a couple of £25 parts!!)
I have e-mailed FK to try to get this practice stopped, even reversed. I hadn't noticed it before. I want all my small loan parts listed separately just as I bought them.
I'm off for a beer!!
