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Post by buttchopf23 on Feb 9, 2017 14:13:35 GMT
wiseclerk has put together an interview www.p2p-banking.com/countries/baltic-interview-with-arturas-stukalo-cmo-of-lenndy/ I have gone through the sign up procedure and am waiting for my deposit to clear. First thoughts: www.p2phero.com/2017/02/09/lenndy-eine-interessante-plattform-mit-buyback/ (please note: post is in german / google translate activated / the blog contains some referral links) Buyback (only on loans with Garantija stamp) works different then on other platforms. If a loan is late, the installment is paid by the loan originator the same date. This remains until 90 days overdue. Then the residual principal plus interest is bought back. Any of you guys currently investing on lenndy? regards p2phero ps: there is no connection between wiseclerk and me, I just posted his link to provide more information about the platform.
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kulerucket
Member of DD Central
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Post by kulerucket on Feb 9, 2017 18:16:20 GMT
Buyback (only on loans with Garantija stamp) works different then on other platforms. If a loan is late, the installment is paid by the loan originator the same date. This remains until 90 days overdue. Then the residual principal plus interest is bought back. Different in that it's the same as Twino then.
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Post by buttchopf23 on Feb 9, 2017 18:24:57 GMT
Does twino really pay 2 installements on due date and buyback the loan on the third due date?
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kulerucket
Member of DD Central
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Post by kulerucket on Feb 9, 2017 18:35:32 GMT
It pays the interest on the due date even if delayed, and then the outstanding principle and interest earned again on buyback. Buyback is only 30 days so there would not be 3 payments, only 2.
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kulerucket
Member of DD Central
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Post by kulerucket on Feb 9, 2017 18:41:19 GMT
OK I see what you mean, the difference is that you get the principal on the due date as well as the interest.
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Post by buttchopf23 on Feb 10, 2017 21:25:14 GMT
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p2pmaster
investment is life.
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Post by p2pmaster on Feb 12, 2017 10:05:04 GMT
Do I understand correctly that Lenndy is a direct competitor to Mintos platform (both operates in the Baltics)? If this is the case, why would any loan provider choose Lenndy instead of Mintos?
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Post by buttchopf23 on Feb 12, 2017 11:21:10 GMT
Correct, both in baltics. Lenndy in Lithunia and Mintos in Latvia.
Maybe lithunian LO like to have a platform in the country? There are far more LO then platforms, so not all can go with mintos, or mintos just preferres the LO' s which they have a connection with.There might be other reasons, that I can't think of. Can someone enlighten us?
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Post by buttchopf23 on Feb 13, 2017 13:13:59 GMT
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ablender
Member of DD Central
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Post by ablender on Feb 22, 2017 8:05:08 GMT
Does savingstream know of this company called Lenndy? It seems to me to be too close a name to Lendy.
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Steerpike
Member of DD Central
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Post by Steerpike on Feb 22, 2017 8:28:53 GMT
It is said that imitation is the sincerest form of flattery but is this rather the unacceptable face of plagiarism ( ͡° ͜ʖ ͡°)
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Post by buttchopf23 on Mar 8, 2017 12:56:15 GMT
Loan flow increased last week, new originator is on board. They offer 1% more interest for lenndy club members. But to receive the bonus interest, you will need to invest some k's in a single loan. Investors can sell now their loans, but there is a 5% fee. On the other hand willing buyers can get a 5% discount through that. My recent post covering the new features in German and English (please note: my blog contains referral links)
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kulerucket
Member of DD Central
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Post by kulerucket on Mar 14, 2017 20:04:21 GMT
Well, I've jumped through all of the loops and signed up. Something that tickled me is that on one of their team it says "In 2012 he was given the name of a lawyer". I wonder what happened to the guy who originally had his name.
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Post by georgenewman on Mar 18, 2017 11:21:27 GMT
I've sent 2 emails to Lenndy a week apart and received no reply to either. This is both annoying and undermining my confidence in the platform.
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Post by buttchopf23 on Mar 18, 2017 15:01:03 GMT
That's a shame. Try it with arturas directly arturas at lenndy com
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