tony9239
Member of DD Central
Posts: 101
Likes: 202
|
Post by tony9239 on Mar 4, 2020 22:49:28 GMT
Hey, I've just had a great idea for a new P2P loan product. The borrower starts paying interest from the day before the loan is drawn down, but then the lenders all say: "oh, sorry man, can't let you have the cash we promised today, but maybe we can do half tomorrow and half the day after." Then, the lenders keep saying that for about a year!
|
|
|
|
Post by queenvictoria on Mar 4, 2020 23:44:51 GMT
Hey, I've just had a great idea for a new P2P loan product. The borrower starts paying interest from the day before the loan is drawn down, but then the lenders all say: "oh, sorry man, can't let you have the cash we promised today, but maybe we can do half tomorrow and half the day after." Then, the lenders keep saying that for about a year! Half on Thursday and half on Friday and thats a promise.
|
|
|
|
Post by spareapennyor2 on Mar 5, 2020 7:52:19 GMT
i see nothing but wishful thinking by the borrower
no proof of funds?
do you expect a offer/refinance in less than a week?
prove me wrong PLEASE
|
|
averageguy
Member of DD Central
Posts: 1,188 
Likes: 895
|
Post by averageguy on Mar 5, 2020 9:47:58 GMT
i see nothing but wishful thinking by the borrower no proof of funds? do you expect a offer/refinance in less than a week? prove me wrong PLEASE Sorry am I missing something here....where was the suggestion that there would be a offer/refinance within a week?
|
|
averageguy
Member of DD Central
Posts: 1,188
Likes: 895
|
Post by averageguy on Mar 5, 2020 9:50:09 GMT
Hey, I've just had a great idea for a new P2P loan product. The borrower starts paying interest from the day before the loan is drawn down, but then the lenders all say: "oh, sorry man, can't let you have the cash we promised today, but maybe we can do half tomorrow and half the day after." Then, the lenders keep saying that for about a year! I already have this ‘product’ ..my son gives me the same excuses when I lend him money ...not that I charge interest
|
|
|
|
Post by spareapennyor2 on Mar 5, 2020 13:01:18 GMT
where else would the borrower get the money from? due will be paid tomorrow with the other half on Friday. Formal offers are expected shortly. averageguy |
|
averageguy
Member of DD Central
Posts: 1,188
Likes: 895
|
Post by averageguy on Mar 5, 2020 13:05:44 GMT
where else would the borrower get the money from? due will be paid tomorrow with the other half on Friday. Formal offers are expected shortly. averageguyErm ..personally I’ve various methods of raising finance ..short/long term..,so elsewhere would be my reply ...where did you think last weeks payment cane from or last months for that matter Yes the last update did mention the timetable for repayment of capital ..but I saw nothing re end of week hence my question
|
|
criston
Member of DD Central
Posts: 1,204
Likes: 628
|
Post by criston on Mar 5, 2020 16:45:02 GMT
No mention of the buyer in the latest update, just borrower looking to refinance.
Is this just another delaying tactic ?
If it is, Moneything should go for the jugular.
If so & it looks like there is enough to repay us in full & hit the borrower in the pocket, go for it.
If it is a delaying tactic, I would like to see it auctioned off, with a net surplus of say £2.75m after costs, enough to repay all lenders capital & interest, leaving the borrower with the loss of all the interest paid to date.
|
|
criston
Member of DD Central
Posts: 1,204
Likes: 628
|
Post by criston on Mar 5, 2020 19:03:40 GMT
Update, Money arrived.
|
|
|
|
Post by spareapennyor2 on Mar 5, 2020 19:23:01 GMT
Ok I stand corrected I'm wrong
|
|
averageguy
Member of DD Central
Posts: 1,188
Likes: 895
|
Post by averageguy on Mar 5, 2020 19:25:02 GMT
Ok I stand corrected I'm wrong Good on you for saying so too.
|
|
travolta
Member of DD Central
Posts: 1,506
Likes: 1,214
|
Post by travolta on Mar 5, 2020 21:09:11 GMT
Not in my account,yet.....
|
|
radar
Member of DD Central
Posts: 108
Likes: 63
|
Post by radar on Mar 6, 2020 18:08:22 GMT
Will this interest be paid on the 10 or 26 like last time?
I am totaly lost trying to follow this
|
|
mikeh
Member of DD Central
Posts: 499
Likes: 370
|
Post by mikeh on Mar 6, 2020 19:39:17 GMT
Now expected Monday.
|
|
|
|
Post by siggy74 on Mar 6, 2020 20:27:55 GMT
is that 2020 Monday ROFL, or 2021 ;p
|
|
