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Post by loanstar on Nov 9, 2015 7:47:33 GMT
Is it just me, or is this company having a go at seeing what money will be loaned by fixed rates and autobid? I think we are having our leg pulled. I wonder how the purchase will be reported to the 37 employees, or will they all take terns for a holiday. Call it a perk of the job.
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acky
Posts: 481 
Likes: 262
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Post by acky on Nov 9, 2015 13:28:05 GMT
Is it just me, or is this company having a go at seeing what money will be loaned by fixed rates and autobid? I think we are having our leg pulled. I wonder how the purchase will be reported to the 37 employees, or will they all take terns for a holiday. Call it a perk of the job. Don't think I fancy taking a tern for a holiday - rather leave them nesting on the beach!
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TitoPuente
Member of DD Central
Posts: 624
Likes: 655
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Post by TitoPuente on Nov 9, 2015 13:43:35 GMT
I personally would absolutely not lend unsecured at 8.5% after fees. The particulars of the loan are irrelevant.
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Post by GSV3MIaC on Nov 9, 2015 16:08:36 GMT
Wot, isn't it even secured against the asset it is supposed to buy?! I guess this is a new departure for Family Cruises!!
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adrianc
Member of DD Central
Posts: 10,014
Likes: 5,143
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Post by adrianc on Nov 9, 2015 16:43:26 GMT
<faints in shock>
They've... answered... a question!
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jimbob
Member of DD Central
Posts: 317
Likes: 74
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Post by jimbob on Nov 9, 2015 17:43:00 GMT
Wot, isn't it even secured against the asset it is supposed to buy?! I guess this is a new departure for Family Cruises!! Well the loan is unsecured, so this means the interest rate is lower than it would be if secured against the yacht say with FS, SS or MT. Why take 12 or 13% secured when you can have 8.5% unsecured ?
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Investboy
Member of DD Central
Trying to recover from P2P revolution
Posts: 564
Likes: 201
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Post by Investboy on Nov 9, 2015 22:16:20 GMT
Wot, isn't it even secured against the asset it is supposed to buy?! I guess this is a new departure for Family Cruises!! Well the loan is unsecured, so this means the interest rate is lower than it would be if secured against the yacht say with FS, SS or MT. Why take 12 or 13% secured when you can have 8.5% unsecured ? KABOOOOOM ! The absurdity of this obvious reality just blew my mind !
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