Bondora Raises 5M for Further European Expansion

They need quick expansion to get new suckers,sorry investors,to replace the ones leaving having lost so much in their last "expansion" into the Spanish market. Cant believe a word Bondora says anymore.

I'm not a lawyer, but it would be common sense to leave it at that I think. Advice, in general, 'not to believe lies' can't be argued against, but if direct accusations of lying are about to be made against named people or entities, we as mods will have to censor the posts concerned to protect ourselves. Our aim will always be to allow the forum to share as much information as possible, whilst avoiding anything that might precipitate legal action against us - we (the moderators and admin team) are private individuals with neither the time or the money to risk any other course of action.

There is a form of words that you may find helpful in such situations: "I have difficulty in believing that they were unaware of the actual facts and did not knowingly make a false claim". Depending on your inclination and circumstances you can skip the "and did not knowingly make a false claim" portion.

While an assertion of lying in a board post would plainly be an expression of opinion, this form of words makes it more clear that it is a description of your own beliefs, hence personal opinion, and includes recognition of uncertainty in spite of belief.

For example, if you were to encounter this combination:#

1. Assertion that income and expenses were verified by the platform
2. Aged 59 and in receipt of pension payments
3. A claim to be receiving child benefit
4. A claim to have no dependants

you might then find yourself of the opinion that you have difficulty believing that the lending platform gave an accurate description in claiming that income and expenses were verified and a belief that at best the platform appears to you to have acted without due care and attention.* You might also find yourself of the view that a complaint seeking redress with possible referral to the FOS if refused would be the appropriate response. This is from a real platform example, where a court apparently recently refused order repayment. The borrower also had some 23 loans disclosed at the time of application. My assumption is that the court decision was in effect "irresponsible lending", as would be expected in a UK court in similar circumstances.

However, in spite of apparently plain facts, there is indeed some uncertainty, for the platform could have been presented with forged documents of such good quality that any reasonable person would have accepted them.

Were it not for the claim to have no dependants, it is not unheard of for a child to die leaving a parent looking after their child's children, so it is not impossible to be receiving both pension and child benefit, though so unlikely that considerable caution would be expected. Adoption and fostering are also possible, as are simply older than usual parents. So forms of words that express an honestly held belief while recognising that not all facts are known can be quite useful.

# the link does not go to a place that gives the name of the borrower, merely a non-identifying alphanumeric identifier assigned by the platform. Only those who actually lent to the person with that identifier and who are subject to the court decision could obtain more details from the identifier.
* "without due care and attention" is another form of words, that avoids writing the single word "negligent".

1.3 million?!!! That's the sort of thing that might make a post about this interesting in the general P2p discussion section. I haven't heard of an unsecured consumer lending case anywhere remotely close to that amount.

I'm not unhappy that I've stopped new lending at Bondora. Just that I didn't do it three to six months earlier.

I'll probably come out with a profit as long as the company remains in business for 18-24 more months or if it doesn't and repayment collection work continues. At the moment I have roughly £16000 invested, £7,000 taken out and about £1000-1300 a month being taken out. Bondora's reporting an over 25% return for me still, which isn't too bad as a measure of my ongoing mean interest rate in Euros.