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Post by mogzi on Jul 15, 2014 19:41:03 GMT
Hi, 2 questions: 1) Surely the loan pictured in the attachment did not get originated at 26376.07% 2) I remember reading somewhere that Rebuilding Society was set up by Daniel to combat interest rates of up-to 20% on loans amongst other reasons. Haven't a large number of loans you have arranged been originated at an APR close to 20%??
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Post by mogzi on Jul 15, 2014 21:19:18 GMT
Beat me to it!
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Post by mrclondon on Jul 15, 2014 21:26:55 GMT
Looks like their website has been hacked. danraj or nickrebuildings you may want to take a look. I'm also getting a security certificate error with your home page.
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Post by mogzi on Jul 15, 2014 21:48:31 GMT
Certificate is fine for me. I can see the usual green bar in the left of the address bar in Google Chrome.
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baz657
Member of DD Central
Posts: 499
Likes: 187
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Post by baz657 on Jul 16, 2014 21:02:16 GMT
The image seems to be fixed now.
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Post by nickrebuildings on Jul 22, 2014 8:10:45 GMT
Thanks All. This was simply the graphic picking the wrong data field to display. mogzi - our average rate is around 15%, which is slightly higher than where we want to be, but we also want the market to decide the rates businesses pay for finance. What we're starting to see is businesses that buy into the process getting more value from it - referrals from lenders, PR, brand awareness etc that is bringing down the real cost of finance. With an injection of new lenders, this will hopefully knock the rates down further and offer even better value to businesses.
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Post by Deleted on Aug 14, 2014 0:45:32 GMT
Hi Nick, I took matey's advice and moved discussions to here. Can I just say straight out that hearing the words "we want the market to decide the rate of interest" is music to my ears!!!!!!!!
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