Post by pedrolopes on Sept 22, 2018 12:23:41 GMT
Hello,
I recently open an account at NeoFinance.com, (I can't even remember where I found out about them), they seem to be offering relatively high interest rates (around 20%), however they claim in their front page that they offer "buy back and provision fund" implying they offer a buy back mechanism separately from the provision fund (which they don't).
On the second paragraph of the "Information about Assumed Risks" they wrote:
This "Information about Assumed Risks" can be found when we open any loan offer.
Has anyone else tried Neofinance? is this another Bondora?
As a clarification I have to say that they do offer a provision fund in exchange for a fee up to 15% of the loan investment.
They also have no skin on the game, As far as I can tell.
I recently open an account at NeoFinance.com, (I can't even remember where I found out about them), they seem to be offering relatively high interest rates (around 20%), however they claim in their front page that they offer "buy back and provision fund" implying they offer a buy back mechanism separately from the provision fund (which they don't).
On the second paragraph of the "Information about Assumed Risks" they wrote:
A lender should understand that he/she assumes any insolvency related to the receivers of consumer credit, which means that the receiver of consumer credit may fail to implement his/her consumer credit agreement, which may cause the lender to incur financial loses, i.e., fail to receive some or all of the interest, which the receiver of consumer credit had to pay in accordance with the consumer credit agreement, or fail to recover some or all of the loaned sum.
Has anyone else tried Neofinance? is this another Bondora?
As a clarification I have to say that they do offer a provision fund in exchange for a fee up to 15% of the loan investment.
They also have no skin on the game, As far as I can tell.
