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Post by nickdavies on May 18, 2017 11:58:16 GMT
You can find it on street view easily enough. Hmm.
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Post by nickdavies on May 18, 2017 9:00:11 GMT
Given that £22k of this loan was funded through the BBA then the taxpayer (ie all of you readers) is also on the hook for this one. My guess is that the taxpayer was on the hook from the beginning. They bought an estate agents out of administration last year. It was in hock to the revenue for £422,000, and that's not half of it. One wonders who the revenue are chasing now.
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Post by nickdavies on May 14, 2017 8:23:03 GMT
Posting a link might break the forum rules but try searching on say B** C** law gazette.
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Post by nickdavies on May 13, 2017 18:22:50 GMT
The comments bellow the Law Society Gazette article from 16 March are, shall we say, interesting.
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Post by nickdavies on May 12, 2017 12:20:17 GMT
Seems to be brewing into a nice little scandal. I wonder how much they sold the firm for before declaring themselves bankrupt.
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Post by nickdavies on May 4, 2017 17:16:01 GMT
I think it is also questionable whether it is moral to lend at 25%. Does anyone know what % of loans given out by Zopa are for cars since there are some people saying this is the next sub prime loan bubble that is going to burst. I thought the car thing was to do with manufacturers' lease finance schemes, where the loan is secured against the vehicle. They're very popular and are why you see so many recent high spec cars around these days. Any significant downturn in employment would see a lot of second-hand cars on the market. People borrowing for a car at 30% over five years on Zopa (I've got three of those) have probably got their priorities wrong. How many £500 runabouts would the interest alone buy?
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Post by nickdavies on Apr 29, 2017 10:18:11 GMT
£267 in interest, £289 in defaults. First time ever I've made a loss. I sometimes get the feeling Zopa is seen as an easy touch, I've got a number of loans which have defaulted without a penny paid back - the punters have taken the money and ran.
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