littonowl
Member of DD Central
Posts: 398
Likes: 355
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Post by littonowl on Nov 7, 2016 12:06:19 GMT
Hi Collateral Rep , Are you saying that you are no longer interested in the lower valued loans? If so what would the cut of likely to be? I can understand from a business point of view administering a single £100,000 loan is much easier/cost effective than 10 £10,000 loans. With that that said from a lending point of view I would prefer taking a part of 10 loans as opposed to one as diversification is key. Another thing is that I would likely lend more money over 10 loans that I would for one.
A key point, definitely applies for me...
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Post by Collateral Rep on Nov 7, 2016 12:17:15 GMT
Hi,
We would always look at any loan, but some of the earlier loans less than £1,000 would give minimal bid limits of under £10. Recently we haven't been approached with any small loan's, so it's not that we're turning them down, we've just not had any and we're no actively looking for sub £1,000 loans.
We are looking to add a referral scheme for new loans to the system, whereby any loans introduced to us we will pay a referral fee to the introducer, but we will provide more information on this shortly.
Many thanks,
Gordon
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Post by Collateral Rep on Nov 7, 2016 13:03:17 GMT
Hi @magenta14,
It's loans with values under £1,000 we're not actively looking for, but that's not to say we wouldn't do it if we were approached.
Many thanks,
Gordon
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