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  • Peer to Peer Lending

    P2P lenders facing major losses



    Investors who threw their cash into a peer-to-peer scheme offering returns of up to 15pc are facing major losses after their loans turned sour.

    Users of the FundingSecure platform poured thousands of pounds into loans made against “park homes” – bungalow-style static caravans.

    However, these investments failed, leaving customers facing losses of 86pc, 92pc or in some cases 100pc of their cash, depending on when they invested.

    Full/source article

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    NOW WATCH:

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    Well, there's a surprise!  A 15% ROI investment is NEVER a safe bet.  Why do people believe that they can get high returns with little or no risk?  I despair

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    15% If it sounds to be good to be true It will be

    Its like Southen investors buying in parts of the NE

    I can show them some fantastic yeilds but I know the property will bring huge management problems so it wont be 15% it will be a nightmare

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    Learn Change and Adapt ?????

    All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.