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Post by xyon100 on Apr 26, 2016 15:03:16 GMT
Well? Where is it? C'mon!
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Post by xyon100 on Apr 26, 2016 14:49:51 GMT
Just to clarify the statement, “it should be free to everyone, no argument” That means free to everyone who has contributed to the system. A lot that use it do not contribute and a lot of people especially abroad see it as a free service to come and try to use that is partly the government fault as promoting it as a free service when it is not as someone has to use it. It is only free at point of service I know a guy who moved to the Bahamas in around 1985. The only time he has since been back to the UK was to get a massive heart operation that would have cost, if I remember rightly, more that $100,000 had he stayed and had the operation in the Bahamas. What I do remember was that his after care was appalling. So while the fact it's free at point of care is praised, there is a massive downside to this that is rarely talked about. Like expats popping back for $100,000 operations.
After two health issues here in Belgium, one being a rare nerve disorder that effected both my hands and arms and another which I believe they now call "burn out", I have nothing but praise for the system over here. One thing that some might not consider a big issue but I do, is over here you are not treated as if it is them doing you a favour and acting like you should be grateful even when your treatment is . My encounter with the NHS always left me with the impression that I should be doffing my cap and never complaining, since it's all free!
And that is what bugs me about a lot of these arguments going on, the absolutely unshakable belief that the NHS is the best health care system in the world and nothing, but nothing must change because hey, it could not be better. It's not the best in the world and it most certainly could be better. It costs me 24 Euro to see the doctor here and even though most of that comes back from the insurance, that little fee is enough to keep many time wasters with nothing better to do away from doctors surgeries.
I see a doctor same day, I spend at LEAST 20 minutes with him if not more, and we get to know each other. That's important. Compare that to my last UK doctors visit. 3 day wait for an appointment and out of the surgery in 5 minutes flat. If I have not seen my GP in Belgium for a while, he always insists on taking all the time on the world to make sure I'm fine, mentally as well as physically and he will usually take blood while he's at it. A TOTAL contrast to the five minutes with the UK doctor I waited several days to see.
I had a visitor to Belgium once, a lady well aware of how the NHS operates as she had several health issues in the past that had her in and out of hospital. The silly moo managed to trip and break her leg. To this day (this was 6 years back) she is still telling people about her wonderful treatment. How she shared a double room rather than a huge ward, how the room felt more like a hotel that a hospital, how wonderful the food was etc etc....
Free is not always best, really it's not. Nothing special about the NHS other than it's free at point of care, which carries a whole load of other issues with it.
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Post by xyon100 on Apr 26, 2016 13:47:29 GMT
This has been discussed ad nauseum. All SS have to do is to check if 'interest earned > 1% of average balance' over the month, and if it is significantly higher (their call) you're gonna get a visit from their 'rectification department'. You may get interest removed, you may get banned, you may get the rules changed .. what you won't get is 'away with it'. No, I can't see anybody getting away with free interest. Certainly not for long and not for any significant amounts of money. What I would love to see is SS policy for dealing with such people who play the system. I did look through their terms, but I may have missed it. For instance, it seems the OP was "rectified" well within the 48 hours that he thought he had in order to settle his negative balance possibly because he's a new user, though Where is that written down? Now I don't know and perhaps there is clear policy on this, but it does seem a little random from what I have seen.
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Post by xyon100 on Apr 26, 2016 12:19:57 GMT
doing it once or twice will not make much but do it a few times, sell it then buy again and continue and you could make a nice amount with out any risk or very limited risk I think there are ways to fiddle the system, Ben. I just don't think that holding your money in the bank for an additional 48 hours is one of them. There is nothing to be gained from that.
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Post by xyon100 on Apr 26, 2016 11:11:56 GMT
I was quoting the response of Scoobydoo to the accusation of gaining a free days interest, you just happen to be in there. It's obviously not you that said it. Anyway, it's an accusation I have seen made several times and it seems silly to me. I see no point whatsoever in deliberately holding back INPL funds to get a free days interest. How does it matter if the money is still sitting in the bank earning 0.05 annual interest. Not gaining much there!
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Post by xyon100 on Apr 26, 2016 10:29:24 GMT
It predates prefunding. The old BACS deficit system replaced Gocardless in June 14 and essentially the system is the same. Limit then was 24hrs for the BACS transfer to be undertaken so potentially a longer window than now. Shorter timescales would require SS to be more proactive in running regular payment runs, not that I am opposed to it. Only SS know if it is really being abused and no doubt will respond accordingly. Increasing number of lenders and volume of transactions I suspect make it harder to manage and may ultimately lead to its demise (or FCA regs) No, it does not mean I was planning on having a free days interest! If they have a rule to say that you have 48 hours to fund your account and they would contact you before reselling your loan then that is how they should operate. This is one of the standout out features of SS and I don't think I would have invested as much as i have in SS, in such a short space of time, without it as you don't have to commit to funds in your account trying to find loans rather than deposit when you have found a loan. An extra days interest for free has certainly never crossed my mind when using the INPL system. I mean really, what was the cash you are going to transfer doing? What do you gain by keeping it for 48 hours? Unless it's invested elsewhere at a significant daily interest rate, which seems unlikely. Silly accusation to be honest.
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Post by xyon100 on Apr 26, 2016 9:12:26 GMT
Possibly a mistake? I do wonder just what the rules are here. I have seen this 48 hours mentioned but I know I have exceeded that more than once, no problem. Also, there are times I have had the "please resolve negative balance" emails within 24 hours of going in to negative territory and sometimes not at all, despite exceeding the 24 hours. Do SS really take a look at all negative balance accounts and treat them according to the history of the account?
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Post by xyon100 on Apr 24, 2016 23:34:16 GMT
SM frenzy at present..... Yeah... it's like Christmas! Having a great time diversifying It's almost like it's not real money.
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Post by xyon100 on Apr 24, 2016 23:23:37 GMT
SM frenzy at present.....
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Post by xyon100 on Apr 23, 2016 12:16:31 GMT
Going from a little over 17 percent as my headline gain, selling obviously long dead loans now has my returns at -5.5% I can only thank my lucky starts that a sixth sense kept me from investing much money here, because I confess to not understanding how the returns were worked out. Now I do understand and the headline figure is simply not true. Yes I know, don't invest unless you fully understand. It was a lesson I had already figured out though, hence the relatively small investment with Bondora.
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Post by xyon100 on Apr 22, 2016 16:56:02 GMT
Based in my experince that I have with Bondora I should warn investors not invest into Bondora (anymore). (6) Return rates are overstated as only the unpaid principal to date is considered as lost not the total outstanding principal, even for loans in default. Yup, big time. Selling up bad loans has made this all too clear. From a stated 18 percent return to negative territory. Do NOT invest in Bondora.
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Post by xyon100 on Apr 22, 2016 11:19:15 GMT
Yes, I was thinking there would be more activity than there is. I for one did not get anything near what I wanted by following the spirit of the prefunding game.
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Post by xyon100 on Apr 22, 2016 2:11:45 GMT
I never stopped worrying. But I live with it because earning 1-2% on capital is worrying too. Bang on. At the moment, where do you put your money? I thought I was doing OK with PSA bank (Euro) and ever since I jumped through all their hoops (and frozen funds) they have sent me three mails reducing the rate to nothing, or near enough nothing. Oh, and a letter telling me they were being audited and asking me if I agreed with the total in the letter. More worry.
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Post by xyon100 on Apr 22, 2016 1:57:51 GMT
The market is quite lively now at 3 in the morning. All decent offerings gone in 30 seconds or less. And my blasted internet is broken again! Not a cat in hells chance of getting anything. :-(
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Post by xyon100 on Apr 15, 2016 6:03:15 GMT
I am pleased we still have this liquidity, particularly with the negative press about the rate of sale of houses prior to the european vote. Im sure the farm tranches will reappear soon on the SM....... I have seen several comments about farmland going on the secondary market, yet no good reason. Did I miss something?
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