Web Based Money Lending - Can it Be a Source of Funding of Cash for Investment ?
- Substantial Incomes
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www.substantialincomes.comMore than a third of respondents strongly agreed that the big banks aimed to put customers in debt
- 61 per cent said that the main aim of their bank was ‘to make money for themselves’. Only 15 per cent thought that the main aim was to provide a good financial service to its customers, 14 per cent felt their bank’s main aim was to help people manage their finances and a meagre 5 per cent thought their bank’s main aim was to provide a valuable service for society
- Between 43 and 69 per cent of people (depending on which bank they banked with – from a list of high street banks) felt that the interest rate charged on monies borrowed from high street banks was not fair in comparison to the interest rate received on savings and investments.
- Nearly 8 out of 10 people of people who have borrowed on Zopa said that Zopa secures a lower rate of interest than offered by high street banks
- On average, 64 per cent of general bankers said that they had received charges from their principle bank which they felt were unfair or unreasonable
On community, transparency and ethics -
- Only 12 per cent of general bankers thought their bank was sufficiently involved in community projects, and more than 3 out of 5 claimed they were unaware their bank had community projects
- Less than 1 in 10 general bankers surveyed were aware of their mainstream bank’s endevours to enable the disadvantaged to gain access to credit, the development of community projects, environmental and entrepreneurial projects. The largest proportion of people, 29 per cent, claimed that they were unaware of any ethical policies
Substantial Incomes
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