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breadnbutter
26 Nov 14 07:47
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Date Joined: 29 Aug 06
| Topic/replies: 12,422 | Blogger: breadnbutter's blog
Does anyone know about this

http://www.ipm.fm/providence-bonds-plc/?gclid=CJ_6stjhl8ICFVDKtAodo3oA1Q

what is the risk ? is this a safe investment and who really is this company ,a lot of stuff to read can anyone on here cut to the chase ,,yes/no TIA

seems a fair return but what is the downside other than money being tied up ?

please no spam chaps Laugh
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Report breadnbutter November 26, 2014 8:28 AM GMT
There is no guarantee that you
will get all your money back, or all
outstanding interest, if the Company
or the Guarantor becomes insolvent.
Providence Bonds are not protected
against loss by the Financial Services
Compensation Scheme.


what exactly are you investing in here ?  and who is the Guarantor ?

seems to good to be true and sounds like a  flagging insurance company needing some more chickens to prop the failing pansy scheemers up but am a cynical cant ,8.25 when you cant get half that elsewhere ....a need chit chats finest financial wizards on such things ,as long as the munee is invested in the arms/drugs trade am fine with it but doubt anything else would deliver .
Report Dr Crippen November 26, 2014 10:27 AM GMT
The higher the interest the higher the risk.
If the investment was safe they would be flooded with investors. That's all you need to know.

This one operates like this:
The company buys the invoices of companies that are owed money at reduced rates. For example they buy a £100,000 debt for £90,000.

They then have to chase the original £100,000 from the company that owes the money.
The risks are obvious.
Report Deltâ November 26, 2014 10:30 AM GMT
no
Report bigH November 26, 2014 10:38 AM GMT
avoid
Report bigH November 26, 2014 10:38 AM GMT
avoid
Report bigH November 26, 2014 10:38 AM GMT
avoid
Report bigH November 26, 2014 10:38 AM GMT
avoid
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