Money moved out
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Which one of you is responsible for Zopa's website?
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Originally posted by eek View PostI'm trying to transfer money (out of it into a stock isa) and I can't access it
When I try doing that on Bittrex it was called a Ponzi scheme."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by scooterscot View PostWhen I try doing that on Bittrex it was called a Ponzi scheme.
“ We’re regulated by these authorities
Financial Conduct Authority
In 2014 consumer credit organisations – including p2p – began to be regulated by the FCA (previously we were regulated by the Office of Fair Trading). We welcomed this as Zopa, along with Ratesetter and Funding Circle, had lobbied the government for more regulation in our sector to help protect consumers. Since December 2018 we are now also regulated by the FCA as a bank.
Prudential Regulation Authority
We also adhere to the requirements set by the PRA, one of the successors of the Financial Services Authority (FSA). It's operated by the Bank of England and is designed to ensure the stability of UK financial system.”Comment
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Just like 'we launder drug money' HSBC is regulated?"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by scooterscot View PostJust like 'we launder drug money' HSBC is regulated?Comment
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Originally posted by AtW View PostRegulated in this case means guarantees for deposit makers - even if HSbC folds then up to fairly large amount covered, also people who run HSBC are known - they can go to jail, much better model than tulipcoins run by unknown criminals from countries they can’t be extradited from
His heart is in the right place - shame we can't say the same about his brain...Comment
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Even before all this kicked off, it took me 4 loan sales and nearly 4 months to withdraw £34k. Pretty darn "illiquid". Of that, £500 is still sitting there as loans in arrears that they've been unable to sell. I reckon it yielded 4.5% annually over the 3 years assuming I don't get the £500 back.
Risk vs reward ratio does not stack up for me in favour of having another go at this type of P2P model....especially now that the liquidity situation is likely to have worsened significantly and the funds aren't covered by the FSCS.Comment
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Originally posted by sludgesurfer View PostEven before all this kicked off, it took me 4 loan sales and nearly 4 months to withdraw £34k. Pretty darn "illiquid". Of that, £500 is still sitting there as loans in arrears that they've been unable to sell. I reckon it yielded 4.5% annually over the 3 years assuming I don't get the £500 back.
Risk vs reward ratio does not stack up for me in favour of having another go at this type of P2P model....especially now that the liquidity situation is likely to have worsened significantly and the funds aren't covered by the FSCS.Comment
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I took some money out last week and moved it into the stock market. Basically should have just burnt it.What happens in General, stays in General.You know what they say about assumptions!Comment
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Originally posted by MarillionFan View PostI took some money out last week and moved it into the stock market. Basically should have just burnt it.Comment
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