ozboy
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Post by ozboy on Apr 29, 2020 19:27:22 GMT
Oh r00lish67 , you REALLY know how to rattle my cage! I think the " P2P lending is more honest" is wot swung me.    |
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ozboy
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Likes: 4,857
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Post by ozboy on Apr 26, 2020 10:59:46 GMT
You get it Mucho P2P. 👍 As do a few others on here. |
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ozboy
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Post by ozboy on Apr 24, 2020 17:25:02 GMT
No probs registerme, but I have been a Sales Professional for over 40 years and would like to think that I have developed a modicum of what's known in the trade as " Effective Listening."  |
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ozboy
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Post by ozboy on Apr 24, 2020 16:33:51 GMT
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ozboy
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Post by ozboy on Apr 24, 2020 16:12:26 GMT
There is ALREADY a Wealth Tax, it's called Inheritence Tax. Known as Death Duties in Oz, where a spade is, errrrr, a spade. Oh, and IT / DD doesn't exist anymore, it was abolished (in Queensland first), some 45 or so years ago. Nice place to die Oz, in more ways than one. And Inheritance Tax is also, IMHO, Double Taxation. ALL Governments are extremely wasteful, we all know that, they should spend what they have and collect, far more astutely. Including the NHS, which we all also know has a ludicrous number of "Managers" and "Consultants" not of the Medical kind. |
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ozboy
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Post by ozboy on Apr 24, 2020 12:20:24 GMT
I am FAR from a Trump supporter, but what he says is often reported as what people wished, or wanted him to say, and is also often out of context.
He does have a problem with articulation and is far from erudite, so you have to "translate" what he says, and regarding his comments about "Disinfectant" I understand the "gist" and get his meaning.
He is not saying inject with disinfectant, he is fully aware of what that would do and is nowhere near that stupid.
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ozboy
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Posts: 3,165
Likes: 4,857
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Post by ozboy on Apr 23, 2020 20:53:10 GMT
I suspect that the proceeds thus far from the selling of the chattels doesn't cover BDO's Fees.
Lenders who were astute and did thorough DD, investing mainly in "Good" Property (Bridging) Loans will probably be "rewarded" by subsidising those who did FA DD and bought carp.
Just the usual weary OzBoy P2P scepticism. 😨
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ozboy
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Posts: 3,165
Likes: 4,857
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Post by ozboy on Apr 20, 2020 18:35:19 GMT
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ozboy
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Post by ozboy on Apr 20, 2020 16:55:16 GMT
All Luxmore and Hackett's actions were deliberate.
There IS a case, an ironclad compelling one I'd have thought.
There must be some Solicitors and/or Barristers out there who have lost a decent amount of hard earned money to these shysters?
That old chestnut "Whitehaven" alone is enough for a conviction, surely?
PS / EDIT: It is patently obvious that if certain Platform Directors are not pursued, convicted and jailed, P2P will simply carry on in its crooked ways without change. We all know the Useless FCA will do NOTHING.
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ozboy
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Post by ozboy on Apr 19, 2020 22:25:14 GMT
The FS Directors MUST swing if it is at all possible. I'm no legal eagle though so don't ask me how.
Everything Luxmore and Our Nigel did they were fully aware of, absolutely no doubt about it.
Sure, there was Gross Incompetence, but they also knew exactly what they were doing and wanted to ultimately achieve.
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ozboy
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Post by ozboy on Apr 18, 2020 13:43:05 GMT
Yes, the Art Loans.
I recall Mousey uncovered the unbridled and gob-smacking gross incompetence behind those.
In fact, @mousy performs superb due diligence and is very, VERY good at uncovering stuff.
Then duly reporting his findings on here.
"Thank you", we Salute you Mousy!!! 👍
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ozboy
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Post by ozboy on Apr 17, 2020 16:25:44 GMT
Hey, you are perfectly entitled to your comment korky , I have no problem with that. However those who had "something useful to say" were often the posters bigging up FS, in the face of incontrovertible evidence to the contrary? And it wasn't "useful", you don't think it was questionable? And you now put down mine and others efforts to warn the less informed? |
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ozboy
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Post by ozboy on Apr 17, 2020 15:40:22 GMT
I often wonder how many Lenders on here actually know what they are talking about and have any business experience? At all?
Or even possess even a modicum of just plain common sense?
Once a Loan is past 90 days overdue the rule of thumb (obviously there are individual exceptions) is that it is never going to pay back and will eventually Default, so at 91 days you Default. And you go in HARD.
But no, certain Posters on here always know better and always agree with offering endless forbearance.
They have NO idea. Oh, and Shills and Vested Interests abound.
Yours,
OzBoy.
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ozboy
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Post by ozboy on Apr 17, 2020 15:11:49 GMT
Terry and his Team are TOO good, I get concerned it can't go on forever. Which is entirely rational of course.
But then, you see him interviewed or hear him speak or read something he's written, and dammit, he just makes so much sense that you're hooked all over again!
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ozboy
Member of DD Central
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Post by ozboy on Apr 16, 2020 5:06:57 GMT
Oct 13, 2018 at 2:37pm ozboy said:
Do you think FS have integrity arby ?
Yes or No?
Oct 13, 2018 at 4:05pm arby said:
Yes.
As you won't believe that's possible I'll explain why. They're a lender operating in a high risk sector so of course there will be defaults. Their borrowers are paying well over 20% interest, so these are not risk free loans.
However, I believe your point is probably more regarding their slow default action? Two points on this,
1. If they're too fast no borrower would go with them so there would be no business.
2. More importantly, if they're too fast they would not be authorised by the FCA. The regulator's primary concern is a fair outcome for the customer. We are not the only customer. In fact, we're probably not even the primary customer, that is the borrower. There are clear expectations that a lender is meant to give as much time as possible to a borrower in difficulty before executing repossession proceedings.
Of course FS could give more details on the loans, and at times they make mistakes, but saying they don't act with integrity because you ploughed into an art loan and property loan that went bad is ridiculous.
You've made your point clearly, but what is your purpose? Are you trying to 'save' some other unsuspecting soul like yourself, or are you just trying to make yourself feel better by convincing yourself that you're hurting a company that you feel hurt you?
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And there's more of your historical defending apologist nonsense, LOTS more.
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