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Post by df on Jul 27, 2017 17:18:18 GMT
I might be wrong, but I don't think Zopa's loans are secured on assets. No they are not, but a large number of their loans seem to be going on car purchases - which is part of the bigger problem of people buying cars they cannot afford so they can post about it on Facebook. They are borrowing for a variety of purposes, including buying cars, but I wouldn't consider them being "car loans", they are just unsecured loans to individuals.
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angrysaveruk
Member of DD Central
Say No To T.D.S
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Post by angrysaveruk on Jul 27, 2017 18:41:22 GMT
No they are not, but a large number of their loans seem to be going on car purchases - which is part of the bigger problem of people buying cars they cannot afford so they can post about it on Facebook. They are borrowing for a variety of purposes, including buying cars, but I wouldn't consider them being "car loans", they are just unsecured loans to individuals. I am not here to play semantics  Alot of the loans in my Book are being used by people to buy cars, so lets call them "loans to buy cars" if it makes you happy .
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Alot of the loans in my Book are being used by people to buy cars, so lets call them "loans to buy cars" if it makes you happy .