coogaruk
Hello everyone! Anyone remember me?
Posts: 706
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Post by coogaruk on Aug 29, 2020 10:47:17 GMT
AIUI those at the front of the queue are selling their loans to those who have not adjusted their required rate and may be sitting further back in the queue who want to get their funds out not realising what is going on. Which is as good a reason as any for the immediate ceasing of RYIs.
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aju
Member of DD Central
Posts: 3,500 
Likes: 924
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Post by aju on Aug 29, 2020 11:05:49 GMT
AIUI those at the front of the queue are selling their loans to those who have not adjusted their required rate and may be sitting further back in the queue who want to get their funds out not realising what is going on. Which is as good a reason as any for the immediate ceasing of RYIs. When you say ceasing do you mean completely (stop/cancel sales) or just refusing to allow any new requests going forwards.
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Post by Deleted on Aug 29, 2020 15:11:06 GMT
AIUI those at the front of the queue are selling their loans to those who have not adjusted their required rate and may be sitting further back in the queue who want to get their funds out not realising what is going on. Which is as good a reason as any for the immediate ceasing of RYIs. I wouldn't say it's a reason to cease RYIs - but it is definitely a reason for everyone who has money invested to take the time and effort to understand how their investment works. I'd say that is a prerequisite for any investment. If you don't do your homework, then expect problems in future.
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