p2pmaster
investment is life.
Posts: 128
Likes: 54
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Post by p2pmaster on Mar 18, 2017 19:57:09 GMT
Be aware of auto loans in there. DPMP Auto Sales Inc (with moto "we finance you no matter what"), one of the loan originators, has gone into restructuring phase.
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Post by buttchopf23 on Mar 18, 2017 20:27:06 GMT
There were some dpmp loans in the beginning, but not anymore. I only saw first finance auto loans since I am investing at lenndy
Thanks for the warning though
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Post by webbski9 on Apr 13, 2017 0:29:03 GMT
Guys, to fund Lenndy did you use Paysera via your UK bank? i am reluctant to use this method as my bank charge £10 a pop for transferring Euros :-(((( I would prefer to use Transferwise if possible . Any others methods favoured here ?
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Post by buttchopf23 on Apr 13, 2017 6:07:12 GMT
Edit: see below
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Post by nesako on Apr 13, 2017 8:22:28 GMT
Funding Paysera from UK bank is only 30p fee (charged by PaySera), the way it works is you just make a Transfer to UK Natwest Bank account which belongs to PaySera and they then pick it up. As far as your UK bank is concerned, you are doing a local transfer. Then all you have to do is do a currency exchange on PaySera system to EUR, the rate they use is pretty decent.
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Post by buttchopf23 on Apr 13, 2017 8:40:35 GMT
Didn't think about that possibility. Of course use paysera itself
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Post by webbski9 on Apr 13, 2017 11:47:19 GMT
nesako,thanks for the info but for clarity..am I able to do all that you describe on the Paysera website ?
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Post by webbski9 on Apr 13, 2017 11:47:58 GMT
and thanks buttchop:-)
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Post by buttchopf23 on Apr 13, 2017 12:42:25 GMT
Yes, log in to your account and check for the gbp account. Wire the money, change it to eur. Voila, your money can be invested at lenndy.
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Post by webbski9 on Apr 13, 2017 12:50:13 GMT
Got it !!! Many Thanks Buttchops
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Post by nesako on May 4, 2017 18:21:08 GMT
"UAB Lenndy" is officially moving all dealings to Latvia, creating "SIA Lenndy" equivalent:
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p2pmaster
investment is life.
Posts: 128
Likes: 54
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Post by p2pmaster on May 5, 2017 5:06:07 GMT
As you might know, Lenndy was operating the marketplace without the license in Lithuania. Lenndy mentioned that they are awaiting approval from the central bank. However, rumors say Lenndy has received the negative answer (due to misleading investors, improper disclosures, etc...) and thus decided to immediately transfer their business to less regulated market.
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Post by buttchopf23 on May 5, 2017 6:51:58 GMT
Rumors? Can you substantiate this?
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Post by yoica on May 5, 2017 7:28:49 GMT
That is first I've heard of it, but looking at the timeline it is a logical assumption.
Lenndy without any warning says it is moving to another country. If this was planned they would've informed people before the move and from a bookkeeping perspective you would prefer a change like this on the 1st of a month. Combine this with the fact it is known that there is no/very limited regulation in Latvia compared to Lithuania. There is only one conclusion that really fits.
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Post by nesako on May 5, 2017 8:28:10 GMT
Lenndy was the first platform of "this type" in Lithuania where rights to the loans pre-funded by a different providers were sold as opposed to the platform itself issuing loans and crowdfunding cash. Quite possibly, due to this difference, they could not get the status of the crowdfunding lender and hence the move to Latvia, to join the rest of the gang... Let's wait for the official press statement which is due to come out soon.
In terms of the move, not much really changes, the only worry is that now all EUR P2P platforms I use are registered in Latvia, meaning that if new regulations arrive, some platforms may struggle to adapt and either big changes will come (I can smell the massive reduction in interest rates already due to possible increases to costs etc.) and some may cease trading all together... Only time will tell!
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