Personal Loan from UK

[johnny333]

No, it can happen to anyone.

the con keep changing. even if you are careful, you may still get some. but some ground rule, if the person you are doing business online by phone sound like african.

Forget it, it is a line to Nigeria, and it is a 100% CON.

Yes, you can get easily conned even in Spore.

Go ask those minibond investors

 

[singveld]

Yes, you can get easily conned even in Spore.

Go ask those minibond investors

No, those are sold by people who really think it is very low risk.
it is AAA and suppose to be very safe.

and they are actually more interested to sell them, because they get fat bonus at end of year for selling them.

 

[glock]

That is a possibility, but the loan will be disbursed to my friend's bank account. So how will the faker be able to get hold of the loan?

what if they use the info to apply for a loan from a real bank ?

this you will never know of until too late

 

[alvin36]

They will ask your friend to pay an insurance premium at $x/- before the loan be released, once they received the insurance premium the deal had completed and your friend have to travel to the moon to get the loan, ha ha ha.

very true... they will first ask for admin fee , maybe a few hundred, then they will ask for insurance fee and others.... and finally they will disappear

 

[londontrader]

No, those are sold by people who really think it is very low risk.
it is AAA and suppose to be very safe.

and they are actually more interested to sell them, because they get fat bonus at end of year for selling them.

minibonds = AAA and very safe?
whatever gave you (or them) that idea?
I'm just curious to know
Point out that none of the securities in a typical minibond basket are AAA

 

[londontrader]

Bro,

I've spent many years working in UK based banks
This is a CON job if I ever saw one
They usually preyed on the uninformed classes (little education & poor credit rating)
Didn't know they started to market overseas
They have lots of tricks in their bag
eg. adjustable rates ie. start with a teaser (very low) followed by accelerator
etc..........
So your friend would be wise to walk away!

cheers

My friend has just came across a website that offers personal loan from the UK.

He applied for a loan of USD50K (via email) & it's been approved in 24 hrs! Before the final disbursement of the loan, the agent requires my friend the followings:
1. sign the loan agreement & send it back via email
2. provide a bank account for the disbursement of the loan
3. provide a passport size photograph

My friend has not seen the agent before. He called the agent on his hp (UK number) to verify & is able to contact him. The agent can even read out the details & infos mentioned between their emails. At this stage, my friend was told that he need not pay anything yet; the insurance fees will be borned by the lender. Does it sounds too good to be true?

The interest rate is 2% per annum & the repayment period are 5 years.

I have advised my friend to consider carefully but he told me that he got nothing to lose as the other side did not ask for any payment yet. The only concern is whether or not to sign on the loan agreement (scam, trick or any future implications)?

So far, I have not heard of anyone in Singapore that manage to get personal loans from UK.

So guys, what do you think? Is it a scam? Maybe the agent will request for payment in the later stages BEFORE the loan is released? Or will my friend be bound by the loan agreement whereby there might be some complicated legal issues?

 

[angie II]

Obviously yr friend is one knows little not much.

"Its not that one doesn't know but where greed sets in..."



​

 

[angie II]

"But wait.... maybe i can see better after i wipe away the cum from my glasses"
​

 

[singveld]

minibonds = AAA and very safe?
whatever gave you (or them) that idea?
I'm just curious to know

rating agency highest rating is AAA.

 

[londontrader]

rating agency highest rating is AAA.

ok to put my question simply, which minibond was rated AAA?

 

[singveld]

ok to put my question simply, which minibond was rated AAA?

i thought all of them.

 

[johnny333]

No, those are sold by people who really think it is very low risk.
it is AAA and suppose to be very safe.

and they are actually more interested to sell them, because they get fat bonus at end of year for selling them.

So how come so many lost money

More honest mistakes ..???

I was caught up in the CLOB fiasco. Back then LHL was heading MAS & ASSURED investors CLOB was legal. Look at what happened
MAS then turned around & told people in business got risks

These scams were carried out in Spore by you know who & no one has been held responsible because it was an hinest mistake.

When the gov't is involved & things go wrong, it is an honest mistake. Its only a scam when foreigners are involved

 

[singveld]

because they go bankrupt.

condom is very safe. that does not mean it will not fail.

 

[johnny333]

because they go bankrupt.

condom is very safe. that does not mean it will not fail.

Never, never use a condom backed by the PAP or you might get a very unpleasant surprise :(

 

[po2wq]

Never, never use a condom backed by the PAP or you might get a very unpleasant surprise :(

yalor! ...

if anyting goes wrong, dey juz say itz n honest mistake ... but u suffer 4 it ...

 

[warrior_saga]

Hey guys, I think we are drifting away.....

The topic here is about loans from UK.

 

[warrior_saga]

Bro,

I've spent many years working in UK based banks
This is a CON job if I ever saw one
They usually preyed on the uninformed classes (little education & poor credit rating)
Didn't know they started to market overseas
They have lots of tricks in their bag
eg. adjustable rates ie. start with a teaser (very low) followed by accelerator
etc..........
So your friend would be wise to walk away!

cheers

Thanks for the info, bro.

 

[londontrader]

i thought all of them.

No lah

The highest rating that any of the individual reference entities (REs) got was AA (not AAA). Also, note that minibond was a synthetic derivative product designed to hedge Lehman's own exposure to various instruments within its own portfolio. Therefore, minibond is a lot riskier than the credit ratings of its REs seem to suggest.

Lehman and their distributors were very clever. They never sought a credit rating for minibond. Instead, they diverted attention to the credit ratings of the individual REs (a totally incorrect risk assessment).

You'll need either a degree in Financial Engineering or many years working with derivatives, in order to unravel the tricks that Lehman used in constructing minibonds.

 

[londontrader]

"I was caught up in the CLOB fiasco. Back then LHL was heading MAS & ASSURED investors CLOB was legal. Look at what happened
MAS then turned around & told people in business got risks "

I remember that episode very well
It is amazing that LHL could offer assurances about Malaysian securities!!!!
You would think that he was the PM of Malaysia as well!

 

[johnny333]

"I was caught up in the CLOB fiasco. Back then LHL was heading MAS & ASSURED investors CLOB was legal. Look at what happened
MAS then turned around & told people in business got risks "

I remember that episode very well
It is amazing that LHL could offer assurances about Malaysian securities!!!!
You would think that he was the PM of Malaysia as well!

Ha Ha, I still own some of those Malaysian stocks.

Don't trust anything regulated in PAP Spore.