Investment advice

dm012345

Came accross the following on Irish investment networks. www.onestopfunding.co.uk

I was under the impression that as an Irish resident would have to register as a moneylender to lend money in circumstances like this. However this crowd tell me as the rate is under 23% and as I will be in fact lending to a company and not an individual I would not need to register as a money lender, anyone any opinions on this or any other compliance issues I could face.

steve5893

I have looked at this myself and registered, done some due dil and it all checks out, I am going to be investing in the next few days, the difference between moneylending as an individual and this investment opportunity, is just that, its an investment opportunity, your investing money in return for security which is the asset (vehicle) and the Hire Purchase agreement assigned to it. Your not lending money to an individual directly, your lending or really the more appropriate wording would be "investing" in the company, as said they are just giving you a guarantee or security for the monies invested by way of the asset and HP agreement. They then go and lend the money direct to consumer again against another asset and assign a HP agreement, so on and so forth, its actually a great way for this business to raise funds and grow by "in a way" securitising there loan book. Added to this you can see all the HP agreements assigned and the asset to which they are assigned, the asset value always seems to be more than the loan granted which for me gives added security. There are no charges on the company which means that the monies they have raised so far are self funding which gives me added security. Hope that helps, the returns are good as well.

FernandoTorres

Putting up finance for invisible people/companies of which you know nothing about for a percieved guaranteed rate of interest...what could possibly go wrong? :rolleyes: