09dolphin
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Post by 09dolphin on Mar 6, 2017 11:35:14 GMT
Can't believe FS have renewed this loan without a significant payment to reduce the loan.
No security in terms of assets - just FS's assertion that this is someone who we should trust and is wealthy. Yes they have paid interest this time but what will happen at renewal if they can't afford to pay the interest - let alone the sum they borrowed. I think I would be worried 6 months hence.
How exactly will FS justify putting this "loan" on their site if it crashes and there are no assets.
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vmail
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Post by vmail on Mar 6, 2017 11:46:34 GMT
Do you need to put the dots in the loan name? how can the full loan name identify the unknown borrower?
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ashtondav
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Post by ashtondav on Mar 6, 2017 13:38:05 GMT
Don't think they're wealthy or they wouldn't need a loan. Jobbing actor - wouldn't touch it with a barge pole. You're an actor and dry periods are the norm so why do you need 90k?
I lent out a property for filming three years ago and made sure of payment. Film's been made. No sign of it being released yet though.
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locutus
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Post by locutus on Mar 6, 2017 13:42:32 GMT
Don't think they're wealthy or they wouldn't need a loan. Plenty of wealthy people take out loans. Sometimes their wealth is illiquid and locked up in other assets and investments. Or the amount they will make on a deal is greater than the interest they will pay on a loan.
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ashtondav
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Post by ashtondav on Mar 6, 2017 14:39:13 GMT
Don't think they're wealthy or they wouldn't need a loan. Plenty of wealthy people take out loans. Sometimes their wealth is illiquid and locked up in other assets and investments. Or the amount they will make on a deal is greater than the interest they will pay on a loan. Er, yes they do. But do that as an actor whose livelihood is two auditions away from the trashcan and you're a freakin' cracker! Just my opinion - you fill yer boots!
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ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Mar 6, 2017 17:32:44 GMT
Extra long bargepole required methinks.
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ashtondav
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Post by ashtondav on Mar 6, 2017 17:40:02 GMT
More than that how did this ever get through a site that has "secure" (ie asset) in its title. If I want unsecured loans from actors I can go anywhere. I think its a flippin cheek FS taking on unsecured loans - and if they do it should be at credit card rates.
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Liz
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Post by Liz on Mar 6, 2017 18:09:18 GMT
More than that how did this ever get through a site that has "secure" (ie asset) in its title. If I want unsecured loans from actors I can go anywhere. I think its a flippin cheek FS taking on unsecured loans - and if they do it should be at credit card rates. Someone seems to like the loan! Each to their own.
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stevio
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Post by stevio on Mar 6, 2017 18:55:16 GMT
Extra long bargepole required methinks. Last time this was on offer, FS gave a very good explanation of why they had decided to offer this and to be fair, the slightly higher return might suit some
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ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Mar 6, 2017 20:27:44 GMT
I don't have a problem with this Loan being offered, the Risk is fairly clear and it appeals to the more adventurous among us, which doesn't include moi!
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Post by eascogo on Mar 6, 2017 21:58:32 GMT
Extra long bargepole required methinks. Was in this loan from the start, renewed once but has now repaid on time. Sigh of relief. Interest at 15% is obviously enticing, renewal already 73% funded.
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ozboy
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Post by ozboy on Mar 6, 2017 23:51:33 GMT
Wonder who the Sleb is?  ?  The gorgeous Heather Graham has recently been publicised as the new face for a betting organisation. |
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phil
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Post by phil on Mar 7, 2017 3:07:07 GMT
Wonder who the Sleb is? ? The gorgeous Heather Graham has recently been publicised as the new face for a betting organisation. Maybe she's representing FS, the list of available loans is rather like a line up of horses and we back the ones we think will be winners then wait months/years for the losers to arrive home
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