fasty
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Post by fasty on Nov 11, 2015 14:09:22 GMT
Thanks, got a nibble. Might be OK for a few days. Surprised it wasn't given an A+ 
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fasty
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Post by fasty on Nov 12, 2015 14:08:29 GMT
"E" 17261 Just up, £60,000, 60 months
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Investboy
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Trying to recover from P2P revolution
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Post by Investboy on Nov 12, 2015 14:27:51 GMT
"E" 17261 Just up, £60,000, 60 months What, 20 minutes later and its still 43% available?
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fasty
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Post by fasty on Nov 12, 2015 14:37:50 GMT
"E" 17261 Just up, £60,000, 60 months What, 20 minutes later and its still 43% available? Anyone prepared to indulge in this level of toxicity is probably already too bloated with 17174.
I'm looking forward to the first "E" that needs cashback to fill...
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Investboy
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Post by Investboy on Nov 12, 2015 14:42:02 GMT
I put 40 in the boat purchase  At least they are making decent profit. In case of the 17261 I can't see how they can repay this loan as it will take all their profits and more for the next 5 years. |
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adrianc
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Post by adrianc on Nov 12, 2015 15:44:22 GMT
I'm looking forward to the first "E" that needs cashback to fill... 
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registerme
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Post by registerme on Nov 12, 2015 16:16:34 GMT
I'm looking forward to the first "E" that needs cashback to fill... Pretty much sums up my thoughts with regard to FC as a whole now.
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Investboy
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Post by Investboy on Nov 13, 2015 14:06:27 GMT
3 new E's on the market now!
{Edit} 2 now, one for 10k filled in less than 1 minute, damned bots
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Investboy
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Post by Investboy on Nov 13, 2015 14:27:55 GMT
And another E, 31k. 60 months, 40% gone.
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nick
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Post by nick on Nov 13, 2015 14:34:00 GMT
Avoid 17318 E £38,900 - they have existing loans on REBS which they recently could only make interest only repayments for several months and then had to restructure, extending the loan term and reducing the month payments. The REBS loan isn't disclosed on FC. Looks like robbing Peter to pay Paul.
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Investboy
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Post by Investboy on Nov 13, 2015 14:53:22 GMT
Avoid 17318 E £38,900 - they have existing loans on REBS which they recently could only make interest only repayments for several months and then had to restructure, extending the loan term and reducing the month payments. The REBS loan isn't disclosed on FC. Looks like robbing Peter to pay Paul. How this can not be disclosed? Isn't it a fraud? Can you share bit more details on REBS loan (amount, interests, term). {Edit}: I can see in the Q&A that it is £42,000 loan {/Edit}I put £20, as the finances looked ok-ish. Only because there was no other debt.
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fasty
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Post by fasty on Nov 13, 2015 14:58:34 GMT
Avoid 17318 E £38,900 - they have existing loans on REBS which they recently could only make interest only repayments for several months and then had to restructure, extending the loan term and reducing the month payments. The REBS loan isn't disclosed on FC. Looks like robbing Peter to pay Paul. How large is the total of existing loans on REBS? Thanks
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SteveT
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Post by SteveT on Nov 13, 2015 15:04:21 GMT
Avoid 17318 E £38,900 - they have existing loans on REBS which they recently could only make interest only repayments for several months and then had to restructure, extending the loan term and reducing the month payments. The REBS loan isn't disclosed on FC. Looks like robbing Peter to pay Paul. How large is the total of existing loans on REBS? Thanks
Something around £40k capital outstanding of the original £57k loan. AER 16.67%
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fasty
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Post by fasty on Nov 13, 2015 15:08:05 GMT
How large is the total of existing loans on REBS? Thanks
Something around £40k capital outstanding of the original £57k loan. AER 16.67% OK Thanks. Fran at FC advised me that any existing loan with a third party should be shown in the financial information if it exceeds £25k. This one doesn't smell too good.
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am
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Post by am on Nov 13, 2015 15:17:22 GMT
Something around £40k capital outstanding of the original £57k loan. AER 16.67% OK Thanks. Fran at FC advised me that any existing loan with a third party should be shown in the financial information if it exceeds £25k. This one doesn't smell too good.
As I understand it current policy is that it's new loans taken out in the last 12 months.
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At least they are making decent profit. 
