London Capital and Finance

dealer_wins

Only a few months before we start getting "I havnt been paid and their website is gone" posts isnt it? :D:D

robatwork

bowlhead99 wrote: »

But you seem to have "gone off on one" in your letter on the basis that their borrowers are corporates rather than "living individuals":

Please tread carefully - your post was excellent as usual, but this thread has already seen bans and yellow cards issued and we don't want to lose another invaluable forum regular on this nonsense.

badger09

bowlhead99 wrote: »

.............................

As I [STRIKE]inferred[/STRIKE] implied, I'm no stranger to verbose forum posts but I hope you find the insight and analogies useful.

Fixed that for you, briefly;)

pienbeans

So do I invest or not?

I was part way through the application and received phone call asking if I needed help as has been stated in previous posts. I asked a few questions and got plausible answers and continued form filling.

Got to the bank details, filled them in and started to have doubts as I have never invested in this sort of thing before and didn't want to lose part of my pension lump sum.

I came on to this forum to see if there was any info and came across this thread. I then clicked on the any questions tab on the application as I was concerned about not continuing after filling in my bank details. The person assured me that they couldn't see my details as the had to abide by very strict GDPR regulations.

Now even more concerned but don't think I should invest.

dunstonh

So do I invest or not?

Do you really need to ask that question?

eskbanker

pienbeans wrote: »

So do I invest or not?

I was part way through the application and received phone call asking if I needed help as has been stated in previous posts. I asked a few questions and got plausible answers and continued form filling.

Got to the bank details, filled them in and started to have doubts as I have never invested in this sort of thing before and didn't want to lose part of my pension lump sum.

I came on to this forum to see if there was any info and came across this thread. I then clicked on the any questions tab on the application as I was concerned about not continuing after filling in my bank details. The person assured me that they couldn't see my details as the had to abide by very strict GDPR regulations.

Now even more concerned but don't think I should invest.

If you've read through the thread then it should be pretty obvious as to whether investing with this firm is a good idea OR NOT.

As for already having entered your bank details in an uncompleted application, there's nothing they can actually do with them without your consent, unless you agreed to a direct debit, but even then you can cancel this with your bank if they ever did anything like that....

badger09

dunstonh wrote: »

Do you really need to ask that question?

eskbanker wrote: »

If you've read through the thread then it should be pretty obvious as to whether investing with this firm is a good idea OR NOT.

As for already having entered your bank details in an uncompleted application, there's nothing they can actually do with them without your consent, unless you agreed to a direct debit, but even then you can cancel this with your bank if they ever did anything like that....

Newbie pienbeans has however managed to ensure that this thread has moved back on to page 1 after almost 4 months.
(And I don't think I've pushed it much nearer the top:o)

verybigchris

badger09 wrote: »

Newbie pienbeans has however managed to ensure that this thread has moved back on to page 1 after almost 4 months.

Which served as a timely reminder to check if they'd finally got around to publishing their accounts for last year. They haven't, and they have just 19 days left before they're overdue...

jimjames

pienbeans wrote: »

I was part way through the application and received phone call asking if I needed help as has been stated in previous posts.

pienbeans wrote: »

The person assured me that they couldn't see my details as the had to abide by very strict GDPR regulations.

That is clearly quite untrue. If you were part way through an application and got a phone call asking if you needed help then they obviously CAN see your details regardless of what they claim!

pienbeans wrote: »

So do I invest or not?

I have never invested in this sort of thing before and didn't want to lose part of my pension lump sum.

Now even more concerned but don't think I should invest.

If you don't want to lose your pension lump sum then this is 100% not the right investment for you. Regardless of what they may claim over the phone this investment (not savings bond) has the risk of losing ALL your money. If you want to invest your pension lump sum then using mainstream regulated investments would be a far more sensible option.

pienbeans

dunstonh wrote: »

Do you really need to ask that question?

I have had a lot of great advice through reading the MSE forums and this was my first time venturing into investments of this kind, tempted by the 8% headline.

Being very unsure, I looked to the forum for some advice and posted in good faith. Hopefully you didn't receive such a patronising reply to the first of your 95,200 posts.