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I have a life time tracker with C&G 0.17% above BOE could see no mention of collar in small print so I rang them and they said there isn’t one.

I’ve got about £6000 in ZOPA but at the moment I am not lending out. I had about nine months with no problem and then I had three late payers all at once. I’m getting close to 10% before tax return. This could be very good if interest rates are low over the next 5 years. When this recession is over with I may start lending again. It’s good fun. if you are going to have a go just put a small amount in and have fun

what ever happened to picture loan advert where the guy talks about football rather that the 25 grand he is taking out.

One point that no one has made yet is if BOE rate go down to 0% (as they did in Japan ) repossessions may slow down. I have £96000 on a lifetime tracker with no collar and I calculate on an interest only basis my monthly mortgage would be £13.60

Surely as people go bankrupt and can’t pay back their debts this helps the rest of us meet our interest payments. I think differently now about people who run up stupid debt buying car and holiday on credit cards and then going bust. Imagine there was a tiger running after all of us and it killed the person that ran the slowest. We could all stand around after he had been killed and laugh at how slow this guy was or we could thank god that that there are all these slow people out there other wise it could have been us.

I love the governments answer to this lets build two aircraft carriers. We can get all the steel from India. Employ some polish worker to build it.. and us Brits can just sit on are arses and watch our TV from China. What about investing in industry so we are in a better possession to export goods when thing start to recover.

go on to you tube and seach "Corrupt Banking System" this will answer your question but the money comes from the same place as all money.

http://www.youtube.com/watch?v=cy-fD78zyvI money is debt try the link

I read in the paper today 98% of peoples savings are safe with the £50000 limit which is 60% of the money in banks. so 40% of the savings in banks is held by 2% of the people.

OK I hear what you are saying But how else do we get out of this mess?

I think this is going to be worse than the 1930 depression. In the 1930 depression all the children had rickets. I took my kids up town on Saturday to see if I could get them some but could not find any for love or money. Guess all the shops have sold out. took them to McDonalds instead but I could see in their faces they were disappointed

this is just a con. people who spread their money about £35000 in hbos and anouther £35000 pound in ltsb will only get one lot af compensation when ltsb goes bankrupt on friday