Peer to Peer lending and Coronavirus

[eek]

Anyone thinking that this form of investment is going to see a steep rise in defaults and much lower returns because of the fact that everyone will be either ill, dead, or at home on sick pay in the coming months?

I'm thinking of selling out all my loans now. Good idea or idiotic?

already sold (last week) and as I did I discovered 10% of the loans are in a default state so can't be sold...

[_V_]

already sold (last week) and as I did I discovered 10% of the loans are in a default state so can't be sold...

Zopa:

There is a 1% loan sale fee applied to proceeds from successful sales.

Additionally, if the loans you're selling are worth less than equivalent loans today, you will pay a market rate adjustment to the purchasing investor. This means you may not receive the full value of outstanding capital of your loan if it has a lower projected return than an equivalent new loan today.

Be aware that capital you receive for selling loans that have previously been in arrears may be less than you’d receive for loans that haven’t ever been in arrears.

Be interesting to see how much of my capital will be taken in fees and mark downs...

[Whorty]

Yeah. Fook em.

You wont be saying that once the Tories sell us out to Trump as the 51st State

[BrilloPad]

You wont be saying that once the Tories sell us out to Trump as the 51st State

It will be interesting to see how Boris responds to Anne Sacoolas getting promoted. I reckon he will suck Trump's dick. I hope I am wrong.

[Whorty]

It will be interesting to see how Boris responds to Anne Sacoolas getting promoted. I reckon he will suck Trump's dick. I hope I am wrong.

[GhostofTarbera]

It will be interesting to see how Boris responds to Anne Sacoolas getting promoted. I reckon he will suck Trump's dick. I hope I am wrong.

Together ?


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