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Post by mrclondon on Nov 18, 2013 13:15:34 GMT
My question on this loan has been deleted by FC. I didn't keep a copy of the exact wording, but the gist of it was:
Company website has 200+ UK jobs and 1600+ international jobs advertised (financial services), but after 5 years trading turnover is still relatively modest. Company presumably taking significant % of 1st years salary of each person placed which implies very few candidates being placed each year. Are the 1800+ jobs advertised real ? Given lenders are also likely to be potential customers is anonymity really sensible ?
IMO this is one to avoid ... something doesn't feel right and questions are censored.
PS I rate recruitment agents below estate agents and 2nd hand car dealers. About to arrange a meeting with one such to express my frustration at the very poor quality CV's they are sending me, and they still expect 30% of the starting salary if I hire through them.
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merlin
Minor shareholder in Assetz and many other companies.
Posts: 902
Likes: 302
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Post by merlin on Nov 18, 2013 14:40:24 GMT
My question on this loan has been deleted by FC. I didn't keep a copy of the exact wording, but the gist of it was: Company website has 200+ UK jobs and 1600+ international jobs advertised (financial services), but after 5 years trading turnover is still relatively modest. Company presumably taking significant % of 1st years salary of each person placed which implies very few candidates being placed each year. Are the 1800+ jobs advertised real ? Given lenders are also likely to be potential customers is anonymity really sensible ? IMO this is one to avoid ... something doesn't feel right and questions are censored. PS I rate recruitment agents below estate agents and 2nd hand car dealers. About to arrange a meeting with one such to express my frustration at the very poor quality CV's they are sending me, and they still expect 30% of the starting salary if I hire through them. So what's new? Ask a direct but uncomfortable question on FC and you either get no reply or your question gets deleted. That was the original reason for the creation of the old "Indie" forum and perhaps the main reason why it got "bought up" by FC. No problem on here though at the moment. Was a bit surprised to see you even thought of buying into 4069, as going by your previous posts you must be a higher rate tax payer! I haven't bought anything on FC for quite a while now due to the low rates being achieved which when everything is taken into account including tax and defaults you are into a negative return. However may be you are a flipper but then you would probably be in and out before the first payment was due! Update 20/11/13 Surprise, surprise Bought into two loans this morning both at the last minute and got a rate I haven't been able to achieve for since June. As I have explained before I need to get good rates or I cannot make a good enough return due to tax implications. So does this mean there are suddenly less people or cash in the market or are there at last too man offerings to stop rates falling? B*gg*red if I know but I am back in the business!
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Post by chielamangus on Nov 20, 2013 12:44:50 GMT
There is something of a moral hazard in this forum. If one gives a warning about a loan (eg 4069 - one I would not touch also) then the free money floats into another loan, possibly one that IS interesting, and that reduces the interest rate. The hazard is reduced by the fact that so few people read these forums, so far!
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