Reply to: Peer to Peer lending and Coronavirus

[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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[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.

[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]

Yeah. Fook em.

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

[_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...

[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...

[scooterscot]

Violating US sanctions, eh?

Yeah. Fook em.

[scooterscot]

My opinion is that peer to peer lending is inherently dodgy because the people who administer the schemes (credit-check the borrowers etc) aren't the ones who have their capital at risk. Lending is bad enough even when done by banks etc who do have their capital at risk.

So yes I'd advise you to sell out even without coronavirus.

Gwd I've never heard a better justification for the use of blockchain.

[AtW]

This project is a recommend idea from a subscription of mine for peer-to-peer lending. Seems to be popular in south America at the moment, which is interesting given the collapsed economies of Argentina and Venezuela. People are lending to them from all over the world. Borrowers have to give up collateral, which is held on the blockchain until the contract is honoured.

https://Venezuela.network/

Violating US sanctions, eh?

[GJABS]

My opinion is that peer to peer lending is inherently dodgy because the people who administer the schemes (credit-check the borrowers etc) aren't the ones who have their capital at risk. Lending is bad enough even when done by banks etc who do have their capital at risk.

So yes I'd advise you to sell out even without coronavirus.

[scooterscot]

The making money kind? Then head over to the AMD thread

[_V_]

This project is a recommend idea from a subscription of mine for peer-to-peer lending. Seems to be popular in south America at the moment, which is interesting given the collapsed economies of Argentina and Venezuela. People are lending to them from all over the world. Borrowers have to give up collateral, which is held on the blockchain until the contract is honoured.

https://Venezuela.network/

Really not interested in this kind of "investment" thankyou.

[scooterscot]

Ripio Credit Network

This project is a recommend idea from a subscription of mine for peer-to-peer lending. Seems to be popular in south America at the moment, which is interesting given the collapsed economies of Argentina and Venezuela. People are lending to them from all over the world. Borrowers have to give up collateral, which is held on the blockchain until the contract is honoured.

https://Venezuela.network/

[_V_]

Idiot


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That's one vote for idiot duly noted.

[GhostofTarbera]

Idiot


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