littonowl
Member of DD Central
Posts: 398
Likes: 355
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Post by littonowl on Feb 6, 2017 11:53:07 GMT
In my experience it was just a bit cumbersome.
2 forms of ID had to be scanned through (Passport & DL) and then I had to wait for an activation link via email. This didn't come initially (waited for a few days), so needed to give them a little nudge via livechat on their website, and it all got sorted quickly from then.
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Post by nesako on Feb 6, 2017 12:15:47 GMT
To register you have to fill in a questionnaire and if you are not a sophisticated investor, they double check you understand the risks by asking a number of questions - to be honest, this is a great thing for newbies, you pretty much have to acknowledge all the risks and then agree not to invest more that 10% of your capital. After that, you need to send driving license + passport photos once requested (for me it took 3 days) and then my account was made live without needing to activate it. So not the same smooth experience as instant online verification, but not too bad...
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Steerpike
Member of DD Central
Posts: 1,961
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Post by Steerpike on Feb 6, 2017 12:16:48 GMT
As I understand it GrowthLine borrower loans are for a 12 month term and so a lender one month loan presumably is repaid only if another lender provides funds to take over the loan or perhaps from the float if there is any available. I think that this is similar to the Assetz 30DAA and Landbay 30 day tracker.
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