|
|
Post by xyon100 on Apr 22, 2016 2:11:45 GMT
I never stopped worrying. But I live with it because earning 1-2% on capital is worrying too. Bang on. At the moment, where do you put your money? I thought I was doing OK with PSA bank (Euro) and ever since I jumped through all their hoops (and frozen funds) they have sent me three mails reducing the rate to nothing, or near enough nothing. Oh, and a letter telling me they were being audited and asking me if I agreed with the total in the letter. More worry.
|
|
Greenwood2
Member of DD Central
Posts: 4,388
Likes: 2,787
|
Post by Greenwood2 on Apr 22, 2016 6:02:13 GMT
kaya the regulator will be forced to act sooner rather than later if lenders persist in believing returns greater than 7% pa are possible.
I find it concerning when I hear lenders talking up the newer high rate platforms, with no losses (yet) comparing them with more established platforms where bad debts are acknowledged as a fact of life. Some will get a fright when the inevitable happens.
|
|
|
|
Post by propman on Apr 22, 2016 7:26:20 GMT
kaya the regulator will be forced to act sooner rather than later if lenders persist in believing returns greater than 7% pa are possible.
I find it concerning when I hear lenders talking up the newer high rate platforms, with no losses (yet) comparing them with more established platforms where bad debts are acknowledged as a fact of life. Some will get a fright when the inevitable happens. T'was always thus. I am not sure how you get the majority to understand the risks of fixed interest, especially with the added complications of security. If they don't get the "picking up pennies in front of steamrollers" analogy maybe only experience will fill the void...
|
|
