peer to peer lending

Originally Posted by Carlton

Have you noticed how the left of occupy wall street has completely disappeared? And that the disappearance of any criticism of the Wall Street And corporate criminals and gangsters has coincided with the rise of the woke left and it’s preoccupation with race and social justice? And have you further noticed how this aligns the woke left with the those very corporations that are so on board with the new agenda?

It’s all so very convenient is all I’m saying.

Not really.

Originally Posted by utd99

People wanting to buy a home might disagree slightly.

Hands up who’s never needed to borrow money for anything....

You people are f***ing mad.

Christians? Absolutely they are, although Jesus was Jewish so maybe you are talking about those people.

Corporate lending stops on Friday not one blue collar worker in the private sector has a job on Monday. Not one. Evil bastards.

Socialists had their shot in the sixties and seventies. Did well though I have to admit. Those three days a week of electricity were absolute bliss.

Originally Posted by TravellingRed

Not really.

Then you’re not paying attention. But you are stuck in a 1950s Ealing movie politics.

Big capital and multi national corporations are among the biggest proponents of the social justice agenda. The so-called left are now cheerleaders for the corporations and the government as they cancel, deplatform, recruit, and fund their agenda.

Originally Posted by Carlton

Quite.

https://youtu.be/eyIfEpNfU2U

Also available in free pdf

6 hours 55 minutes NWAT

Originally Posted by utd99

Corporate lending stops on Friday not one blue collar worker in the private sector has a job on Monday. Not one. Evil bastards.

Socialists had their shot in the sixties and seventies. Did well though I have to admit. Those three days a week of electricity were absolute bliss.

Tories were in charge during the three day week. The socialist government of Attlee brought us from economic ruin after the war to prosperity. The 60s under Wilson were equally a time of growth and rising living standards. Try again.

Originally Posted by Carlton

Then you’re not paying attention.

You're right I'm not. I stopped watching the news and reading papers about a year ago, came to the conclusion politics is a complete waste of time and I have to say ignorance is pure bliss. You should try it, will do your blood pressure a world of good.

Originally Posted by TravellingRed

Tories were in charge during the three day week. The socialist government of Attlee brought us from economic ruin after the war to prosperity. The 60s under Wilson were equally a time of growth and rising living standards. Try again.

f*** off.

You make it sound like some secret bit of inside knowledge the rest of us don’t know about. We f***ing lived here ya daft c***.

The unions under Jim Callaghan had their knee on the windpipe of this country mate. Hate to break this to you, but the wicked witch would never have seized power without a leg up from you lot.

Originally Posted by utd99

f*** off.

You make it sound like some secret bit of inside knowledge the rest of us don’t know about. We f***ing lived here ya daft c***.

The unions under Jim Callaghan had their knee on the windpipe of this country mate. Hate to break this to you, but the wicked witch would never have seized power without a leg up from you lot.

Good to hear. Have a nice day.

Originally Posted by TravellingRed

Good to hear. Have a nice day.

You too comrade.

Originally Posted by TravellingRed

You're right I'm not. I stopped watching the news and reading papers about a year ago, came to the conclusion politics is a complete waste of time and I have to say ignorance is pure bliss. You should try it, will do your blood pressure a world of good.

You are absolutely correct.

Originally Posted by utd99

This is why communists have such a sterling reputation in building thriving economies. Everyone not directly operating a spinning jenny is evil.

Oh Dear .We entered the 21st century a while back mate in case you missed it

Originally Posted by utd99

People wanting to buy a home might disagree slightly.

Hands up who’s never needed to borrow money for anything....

You people are f***ing mad.

I understand perfectly that loans are are key element of building an economy and in no way am I against government loans or personal loans and mortgages given on reasonable terms . Liquidity is vital

What I find disgusting are those loan shark companies preying on those having trouble making ends meet .Companies like Peachy and other shark companies that stepped up since the demise of Wonga.Companies that prey on the pooorest in society .Companies that are charging up to 892 % APR

These companies are not about helping people through a difficult patch they are about trapping people into debt forever on terms that would make a gangster blush .They are sructured and designed to fail so that the company can get their hands on assets like the lenders car etc

To equate this sort of usuary and malpractice with a bank granting a mortgage is imbecilic.

To invest in immoral scams like these and profit from misery makes you a c*** IMO

First result and they seem to have taken over from Peachy .Only 292% APR

https://www.loanpig.co.uk/payday-loa...BoCuXQQAvD_BwE

Originally Posted by rubbernecker

Oh Dear .We entered the 21st century a while back mate in case you missed it



I understand perfectly that loans are are key element of building an economy and in no way am I against government loans or personal loans and mortgages given on reasonable terms . Liquidity is vital

What I find disgusting are those loan shark companies preying on those having trouble making ends meet .Companies like Peachy and other shark companies that stepped up since the demise of Wonga.Companies that prey on the pooorest in society .Companies that are charging up to 892 % APR

These companies are not about helping people through a difficult patch they are about trapping people into debt forever on terms that would make a gangster blush .They are sructured and designed to fail so that the company can get their hands on assets like the lenders car etc

To equate this sort of usuary and malpractice with a bank granting a mortgage is imbecilic.

To invest in immoral scams like these and profit from misery makes you a c*** IMO

First result and they seem to have taken over from Peachy .Only 292% APR

https://www.loanpig.co.uk/payday-loa...BoCuXQQAvD_BwE

so you're just talking about payday loans then... the thread is about peer2peer lending which is to small business etc but from crowds instead of banks.

Originally Posted by utd99

Corporate lending stops on Friday not one blue collar worker in the private sector has a job on Monday. Not one. Evil bastards.

Socialists had their shot in the sixties and seventies. Did well though I have to admit. Those three days a week of electricity were absolute bliss.

Early 1970s there wasn't it? You might get a shock to find out who was in office then.

Originally Posted by red in cumbria

Early 1970s there wasn't it? You might get a shock to find out who was in office then.

There's an echo in here...

Well, great minds think alike.

Originally Posted by red in cumbria

Well, great minds think alike.

But evidently can't read previous posts.

Originally Posted by TravellingRed

But evidently can't read previous posts.

I sometimes don't read all the posts in a thread before commenting, dunno why it bothers you so much tbh

Fools seldom differ.

Originally Posted by red in cumbria

I sometimes don't read all the posts in a thread before commenting, dunno why it bothers you so much tbh

It doesn't I'm just bored.

Originally Posted by armchair

Fools seldom differ.

Who's more foolish, the fool or the fool who follows him?

I'm totally pro this. I thought the op was about crypto lending initially.

Originally Posted by tatty

I've never got involved on the basis that if the credit worthiness of the borrower means they can't access mainstream finance then I want more than 6%-12% to compensate me for the risk.

Afaik some p2p platforms used to provide an insurance backstop to cover bad loans but I remember reading that this protection had been lost over the years.

I'd rather get involved in high yield OEIC's/IT's than p2p.

And I don't touch that either.

Not too many asset classes that yield 12% these days.