keitha
Member of DD Central
2024, hopefully the year I get out of P2P
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Post by keitha on Dec 16, 2020 10:41:58 GMT
Defaulted in October 2019, the initial repayments would have paid it off in 45 Months, however the latest repayment after missing 10 repayments represents 1/850th of the remaining balance  thats 70 years ! even my kids will probably be dead by then. |
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keitha
Member of DD Central
2024, hopefully the year I get out of P2P
Posts: 3,867
Likes: 2,308
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Post by keitha on May 11, 2023 9:29:04 GMT
so 30 months of repayments and 11.4% repaid.
approximately 4.56% being repaid per year, so only 22 years to repay.
but at < 5% a year the guarantor/Business could nearly cover it from interest if they had the money
As an aside no accounts submitted since 2019, compulsory strike off started in October 2021 and discontinued July 2022 after "requirements met" another strike off notice issued September 2022 and suspended October 2022.
for anyone who looks it up on companies house the Company name gives a huge clue as to the business and it's location
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thats 70 years ! even my kids will probably be dead by then.