There isn't enough to bother about, I leave it sat in an accessible account, ready for the next domestic disaster that need funding!
The problem is she hasn't come up with a medical reason for any, never mind long term, use. Saying you took it on advice from a Latvian Dr is a bit like the "would you jump off a cliff if he said so" rational. The "diabetic" link is not proven and there are oodles of better, safe, legal, non performance enhancing treatments for that anyway. There is, once more with a celebrity, a grandiose element here where someone feels the rules are for others, not them. As Andy Murray's pointed out they have dedicated medical teams to advise and manage this stuff so rather odd to claim an oversight. This old cynic suspects there are Latvian medics backdating records as we speak.
It's 9% of anything you earn over £17,335 (i believe that's the figure) so it's scaled to your income. If you don't earn that much then you pay nothing, I know people who are paying £6 a month on their loan.
Nah, it's what I have to pay, I did consider increasing it but there's literally no point, I'd rather spend the money on sweets.
Indeed. You could lose the lot if you put all the money you had in there and lent it to one company that then went bust. However, spread it around companies (you can do as little as a fiver per company) and you're simply not going to lose it all, short of every company you lend to going belly up. The Government uses Fundingcircle to get money into businesses via the Business Finance Partnership scheme. Banks are offering interest rates below 1% to savers while charging business customers 9% plus; this is a way of keeping the profits in the pockets of the savers by cutting the banks out of the deal. So, yes, you are quite able to lose all your money if you put all your eggs in one basket but the organisation has passed government due diligence and you're able to spread risks across hundreds of companies in order to receive a pretty safe rate of return (There are reams of pages of previous loan data on their site). Anyway, as I say, I'm nothing to do with them so it's up to you. Vin
That is actually really tempting. It's barely worth the effort of walking to the bank and setting up a savings account at the moment...and I think possibly forever.
We needed funding to start new franchisees. Well, having gone down the route of trying to get blood out of a stone, sorry, funding from a bank, we gave up. Our return on the capital we invest is huge but the bank just kept putting more and more hoops in front for us to jump. After five months we gave up, approached Fundingcircle and had a decision in 48 hours, rated as an A+ risk. When banks are acting like that people are bound to find a different way to fund. As it happens, a relative stumped up the cash (bwaaa, haaa, haaa, I'm in the Maldives typing this) otherwise we'd be on their books merrily paying about 8% or so on the nail to some very happy investors. There must be hundreds of companies like us. If you do put money in, spread it around; they have an auto invest tool that spreads it as thinly as you wish. Vin
Do you think he knows how many holes there are in Blackburn without counting? Or how many holes it takes to fill the Albert Hall?
