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Funding Circle - increased bad debts?

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  • System
    System Posts: 178,348 Community Admin
    10,000 Posts Photogenic Name Dropper
    People who get loans from Funding Circle, Ratesetter et al who apply to these P2P lenders because they were turned down by banks with centuries experience of risk assessment default on their loans shocker. Next in news, Pope is catholic.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • redmalc
    redmalc Posts: 1,435 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I work in the recoveries industry and just lately I am finding a large percentage of my clients have large Funding Circle debts which is quite frightening for the lenders because these guys have no chance of paying back their debts
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