treeman
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Post by treeman on Oct 19, 2016 21:31:36 GMT
Based on earlier posts, I clicked the button to make a first withdrawal at about 2pm - said my bank details need to be validated and they would email me when that was done ............. heard no more yet.... As it's the same account I used to FP funds in the first place, what else is there to check? Surely, the KYC/AML stuff was done during the registration process? Which was far more long-winded than any other platform - involving extra documentation and phone conversations. Frustrating. . Disappointing. . I could quite easily get mightily miffed ...........
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arbster
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Post by arbster on Oct 20, 2016 8:29:37 GMT
Based on earlier posts, I clicked the button to make a first withdrawal at about 2pm - said my bank details need to be validated and they would email me when that was done ............. heard no more yet.... As it's the same account I used to FP funds in the first place, what else is there to check? Surely, the KYC/AML stuff was done during the registration process? Which was far more long-winded than any other platform - involving extra documentation and phone conversations. Frustrating. . Disappointing. . I could quite easily get mightily miffed ........... I recommend chasing them up, as they inevitably will be asking you for a copy of a bank statement or something, but are in no rush to do so.
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adrianc
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Post by adrianc on Oct 20, 2016 8:42:27 GMT
Based on earlier posts, I clicked the button to make a first withdrawal at about 2pm - said my bank details need to be validated and they would email me when that was done ............. heard no more yet.... As it's the same account I used to FP funds in the first place, what else is there to check? Surely, the KYC/AML stuff was done during the registration process? Which was far more long-winded than any other platform - involving extra documentation and phone conversations. Frustrating. . Disappointing. . I could quite easily get mightily miffed ........... I recommend chasing them up, as they inevitably will be asking you for a copy of a bank statement or something, but are in no rush to do so. I received the request for a bank statement the following day to requesting withdrawal. I'm about to try to find my scanner...
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treeman
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Post by treeman on Oct 20, 2016 9:40:00 GMT
I recommend chasing them up, as they inevitably will be asking you for a copy of a bank statement or something, but are in no rush to do so. I received the request for a bank statement the following day to requesting withdrawal. I'm about to try to find my scanner... Well whadya know ? - just had 2 (different) emails from LC saying my account has been verified and I can withdraw - no further questions. Ok, so I pressed the button and my request has been accepted - just a case of how how long it takes to hit my bank. Only £145 but it's a start......... Winding down the miffed-ometer a couple of notches
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Post by lionelrichtea on Oct 20, 2016 11:03:43 GMT
I recommend chasing them up, as they inevitably will be asking you for a copy of a bank statement or something, but are in no rush to do so. I received the request for a bank statement the following day to requesting withdrawal. I'm about to try to find my scanner... If you can't find your scanner, I believe that a redacted online statement should be sufficient for this sort of thing.
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Post by lionelrichtea on Oct 20, 2016 11:24:22 GMT
LendingCrowd seem to have changed the Current Investments page back to how it used to look. Now you have to click the '+' to the left of each individual loan to view the outstanding principal etc. Surely it would be much better for investors to have all this information in one, easy to view table, as other platforms do. I would really like to see the number of remaining payments without having to click 'Manage' on each individual loan.
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adrianc
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Post by adrianc on Oct 20, 2016 11:50:50 GMT
I received the request for a bank statement the following day to requesting withdrawal. I'm about to try to find my scanner... If you can't find your scanner, I believe that a redacted online statement should be sufficient for this sort of thing. I found the scanner. The scanner couldn't find the will to scan anything. So a photo of part of a statement was sent this morning - and a confirmation was quickly received. Withdrawal in process...
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kaya
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Post by kaya on Oct 20, 2016 15:58:36 GMT
So no takers here then? The new cashback offer is surely good news for those wishing to sell, assuming that the gullible are out there somewhere...
Actually I had made an assumption that the new offer was designed to tempt existing lenders to put in more dosh (as well as attract new investors). Is this offer only for new investors then? I shall be heartbroken if so!
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TheDriver
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Post by TheDriver on Oct 20, 2016 21:17:50 GMT
Actually I had made an assumption that the new offer was designed to tempt existing lenders to put in more dosh (as well as attract new investors). Is this offer only for new investors then? I shall be heartbroken if so!
You and me both, until I checked the small print! However, obviously LC like to be unconventional and so they chose to ignore the traditional mantra that it is more cost effective to retain existing clients than attract new ones, and only reward new lenders
Unfortunately getting money withdrawn is proving a challenge - but I'm pleased to report that after a hastening email this morning I received verification at midday and the money has left LC - just hope it lands in the right place soon!
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Post by lionelrichtea on Oct 20, 2016 23:46:26 GMT
Well it seems like I'll have to e-mail them too, having not heard from them after requesting my withdrawal yesterday afternoon. I've had faster withdrawals and better customer service from Curaçaoan bookmakers.
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treeman
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Post by treeman on Oct 21, 2016 8:39:55 GMT
Just checked the bank and my withdrawal landed in the early hours so within 24hrs / next day - can't complain !
No more sales though ............
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TheDriver
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Post by TheDriver on Oct 21, 2016 10:21:18 GMT
Relieved to report my first withdrawal has appeared promptly earlier this morning, less than 48 hours including non-participatory "verification", so next time I'd anticipate a working day turnaround - which can't be bad :-)
Similar lack of sales since a few minimum parts quickly went thru 10 days ago - guess I need some of the new super-size investors to buy up bigger components !
I really think LC missed an opportunity by making the 2.5% only available to new investors, considering they effectively gave away up to 15% last year! (Although I missed all of it :-( ) This offer is about 5 times less attractive, so is unlikely to be as successful. Looking at bidding patterns the vast majority of LC investors are probably not far above the £1k bonus-qualification level, so getting an increase in funding from these members would be almost as cost-effective, and wouldn't cost anything in advertising fees or sign-up bonus! As a goodwill gesture they could even make it available to ALL investors over £5k at minimal additional cost but good karma. Here endeth the marketing lesson ;-)
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adrianc
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Post by adrianc on Oct 21, 2016 10:26:34 GMT
considering they effectively gave away up to 15% last year! (Although I missed all of it :-( ) There's quite a few of us wishing we had...
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Post by lionelrichtea on Oct 21, 2016 21:25:01 GMT
Can't fault the speed with which they verified my account after sending them my statement, but they could've been quicker to contact me after I requested my initial withdrawal. I've not had to submit verification documents to a P2P company before, what are LendingCrowd doing differently?
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TheDriver
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Post by TheDriver on Oct 22, 2016 17:53:56 GMT
LendingCrowd seem to have changed the Current Investments page back to how it used to look. Now you have to click the '+' to the left of each individual loan to view the outstanding principal etc. Surely it would be much better for investors to have all this information in one, easy to view table, as other platforms do. I would really like to see the number of remaining payments without having to click 'Manage' on each individual loan.
Agree with the second half of the post, but I can still see the dumbed-down revised version; in the old version some numeric details were displayed, and the only thing the + did was display loan status, and LC inferred that it was hard-coded to live! Are you getting confused by the example listing shown on the blog post , which actually showed much more useful information - when I asked why it was all missing from the released screens I was told they had to make room for the loan title!
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