Post by 09dolphin on Jan 31, 2023 17:35:49 GMT
This company never seem to "chase" losses.
Almost 50% of my money invested is shown as being in debt but RbS rarely show an update and they are obviously happy to ignore when debters choose not to make a repayment.
Indeed companies who borrow are able to sell their stock (when they sell their company) which has been pledged as security for the loan and RbS take no action whatsoever.
Even when RbS are advised by their "inhouse" team to take action to secure debt due to a long period where nothing has been paid RbS ignore that advice.
This company is typical of P2P companies. Inadequately managed and likely to be in receivership soon.
Almost 50% of my money invested is shown as being in debt but RbS rarely show an update and they are obviously happy to ignore when debters choose not to make a repayment.
Indeed companies who borrow are able to sell their stock (when they sell their company) which has been pledged as security for the loan and RbS take no action whatsoever.
Even when RbS are advised by their "inhouse" team to take action to secure debt due to a long period where nothing has been paid RbS ignore that advice.
This company is typical of P2P companies. Inadequately managed and likely to be in receivership soon.
