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Post by picanto on Jan 2, 2019 22:18:26 GMT
Obviously this is a completely hypothetical scenario but with the possible potential capital losses that Lendy investors could be facing in some of the current loans; if Lendy offered you the opportunity to walk away from the Lendy platform today, what is the lowest percentage of your capital currently invested on the Lendy platform would you be prepared to walk away with? Also, if you wish to declare, what would that percentage equate to in pounds losses?
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rrrupert
Member of DD Central
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Post by rrrupert on Jan 2, 2019 22:36:58 GMT
50%. Equates to a cash lost of about £5000.
Practically I dont think the assets I have investements in can ever return more than 65% or so. And there is a time value and certainty value to taking a reduced sum now.
Edit: I am not sure how useful this poll is because it would depend on the DFLs invested in. Everyone has a different mix.
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zccax77
Member of DD Central
Posts: 82
Likes: 76
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Post by zccax77 on Jan 2, 2019 23:30:25 GMT
I am anticipating a 70% recovery gradually over a 5 year time period. A cash loss of about 58k. This is not even considering the time value of money and opportunity cost. Could be even longer if we hit a recession and the losses greater.
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Post by loftankerman on Jan 2, 2019 23:37:09 GMT
Seems like a great way of selling ourselves down the river and saving Lendy the trouble.
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eddie
i have put up with a great deal from the likes of you people, a very great deal....
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Post by eddie on Jan 3, 2019 1:22:16 GMT
This is like turkeys voting for Christmas, I dont think this should be on here, borrowers would defo be interested in how much they could get away with.
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r1200gs
Member of DD Central
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Post by r1200gs on Jan 3, 2019 1:29:10 GMT
This is like turkeys voting for Christmas, I dont think this should be on here, borrowers would defo be interested in how much they could get away with. There's a lot of that going on around here, Eddie.
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Mr_N
Posts: 222
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Post by Mr_N on Jan 3, 2019 4:02:18 GMT
112%
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huxs
Member of DD Central
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Post by huxs on Jan 3, 2019 8:28:47 GMT
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jomantha
Member of DD Central
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Post by jomantha on Jan 3, 2019 9:11:00 GMT
50 percent. I want shot of Lendy as fast as is concievably possible. It would represent a 50 percent loss of what's in there and around a £4k loss overall taking into account what I have had paid out.
Being in Lendy literally gives me nightmares.
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Post by picanto on Jan 3, 2019 9:47:32 GMT
This is like turkeys voting for Christmas, I dont think this should be on here, borrowers would defo be interested in how much they could get away with. I don't agree. Firstly, it's a completely hypothetical scenario poll which I created for curiosity and not related to any specific loan. Secondly, borrowers are not entitled to "get away with" anything. They have signed a legal contract requiring them to make a full loan repayment. As it is Lendy's discretion whether to pursue any loss in capital in specific loans, I don't come to the same conclusion as you do in regards to this poll being beneficial to borrowers. Obviously if the moderators wish to delete this poll then I would accept their decision but I don't see a legitimate reason for them doing so.
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Post by charliebrown on Jan 3, 2019 12:49:18 GMT
I’d take 50%. We have to be realistic, many of the LY loans are total disasters; fields of 1/2 finished sheds, legal disputes, 1/2 finished derelict buildings, 1/2 finished tower blocks, overvalued plots of land, dodgy borrowers and a LY team you couldn’t trust as far as you could throw them. 50% recovery would represent a 6 figure loss for me but I’d take it as I personally believe time wouldn’t improve on that figure and LY’s days are numbered in any case. Those saying full recovery plus interest are dreaming.
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Post by charliebrown on Jan 3, 2019 12:53:51 GMT
Being in Lendy literally gives me nightmares. +1 agree!
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stokeloans
Member of DD Central
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Post by stokeloans on Jan 3, 2019 12:55:49 GMT
This is like turkeys voting for Christmas, I dont think this should be on here, borrowers would defo be interested in how much they could get away with. I don't agree. Firstly, it's a completely hypothetical scenario poll which I created for curiosity and not related to any specific loan. Secondly, borrowers are not entitled to "get away with" anything. They have signed a legal contract requiring them to make a full loan repayment. As it is Lendy's discretion whether to pursue any loss in capital in specific loans, I don't come to the same conclusion as you do in regards to this poll being beneficial to borrowers. Obviously if the moderators wish to delete this poll then I would accept their decision but I don't see a legitimate reason for them doing so. Of course you wouldn't agree you started the poll !!!
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trevor
Member of DD Central
Posts: 556
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Post by trevor on Jan 3, 2019 13:00:55 GMT
90%. Each month when I calculate the value of my p2p portfolio I write off some gains to cover future anticipated losses. I have written off 10% of my L capital and will be increasing it in the coming months.
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Post by picanto on Jan 3, 2019 13:08:18 GMT
I don't agree. Firstly, it's a completely hypothetical scenario poll which I created for curiosity and not related to any specific loan. Secondly, borrowers are not entitled to "get away with" anything. They have signed a legal contract requiring them to make a full loan repayment. As it is Lendy's discretion whether to pursue any loss in capital in specific loans, I don't come to the same conclusion as you do in regards to this poll being beneficial to borrowers. Obviously if the moderators wish to delete this poll then I would accept their decision but I don't see a legitimate reason for them doing so. Of course you wouldn't agree you started the poll !!! Yes, but I didn't force anybody to vote in it...
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