Loaned money to a guy, promise of great returns...

redpete

Voyager2002 wrote: »

The rate of return promised is of course ridiculous, but probably no higher than that charged by Wonga.

If I've used the right Excel formula then I reckon he'd be on approx 7300% annual return by now and would level off at approx 9700% by this time next year. Who wouldn't grab at such an opportunity? (me actually)

Gordon_Hose

If the returns are that great, I wonder why our business giants haven't already plowed billions into this small business?

ihateyes

Adam900 wrote: »

What can I do? I understand taking him to small claims may work but would they understand and recognise that the debt is no longer £1k, but is indeed £7k?


Thanks in advance

Are you a loan Shark?????

_Andy_

Superb troll thread, one of the best we've had for a while. Top marks OP

black_taxi_2

A.a 12k return on a 1k investment

B.or a guy never to return with 1k

this has to be a fishing thread

Wyndham

OP didn't realise he had to pay for gas on another thread - that must be a wind up too, surely?

It's kept me entertained, but for the sake of the OP, I really do hope he is joking and isn't as naive as he seems to be!

societys_child

Wyndham wrote: »

OP didn't realise he had to pay for gas on another thread - that must be a wind up too, surely?

It's kept me entertained, but for the sake of the OP, I really do hope he is joking and isn't as naive as he seems to be!

Yeah, I read the gas thread, either very gullible . . . or really shouldn't be let out alone:eek:

pvt

iolanthe07 wrote: »

This thread has to be a wind up. No one on planet earth seriously thinks they will get a return of 1200% per annum (actually a lot more than that compunded) on a measly one grand investment.

I rather disagree. If Mr Bloke and his two mates opened up a PDL shop then such return would seem quite reasonable.

At 4,250% interest, there would be a grand a month for our Adam here, and a further £2,500 for Mr Bloke and his two mates to split between themselves.

What can go wrong?

coldcazzie

Wyndham wrote: »

OP didn't realise he had to pay for gas on another thread - that must be a wind up too, surely?

I don't know. A friend of mine has a new housemate who, at the ripe old age of 23, didn't realise that you had to pay for your water :eek:

skintandscared_2

Jokes about Wonga aside, surely the person borrowing £1k from the OP would have been better off going to them for the loan in the first place