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Post by red_panda on Jan 11, 2020 0:21:36 GMT
Are there any loans and their principal that one can write off as a loss already since Lendy went into administration?
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Post by red_panda on Dec 11, 2019 11:55:17 GMT
As English is not my 1st language, could you help me out understanding the following?
Am I expected to provide one of each of those "a" through "g" or or just a one of any of those?
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Post by red_panda on Nov 14, 2019 16:19:17 GMT
I've been getting regular multi-day cash-drags on Peerberry and have henceforth started withdrawing.
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Post by red_panda on Nov 3, 2019 10:02:57 GMT
My personal info on the site is up to date and I never received any email further requesting documents for AML. Nonetheless my "withdrawal facility is unavailable during the AML verification process. " Is anyone in similar state?
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Post by red_panda on Sept 9, 2019 12:04:10 GMT
Are the investments through peerberry direct against the loan or are these just to the loan originator matched against the loan in the balance sheet?
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Post by red_panda on Aug 19, 2019 8:47:03 GMT
Non UK EU investors. How do you add your bank account? While Lendy was functioning, I made my withdrawals through Transferwise, now that the Administrator is asking to update personal details including the bank account, how do I add a SEPA account? The current options seem to work only for UK accounts. Should I just ignore adding an account for now? As you already use Transferwise you could open a Borderless account with them. This will give you a UK Bank account with sort code then you can easily transfer funds from GBP to the EUR account. Of course at this stage I do not know if they would accept a new bank account, though the bank account page still offers this possibility. Alistair thanks, this worked!
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Post by red_panda on Aug 17, 2019 14:37:12 GMT
Non UK EU investors. How do you add your bank account? While Lendy was functioning, I made my withdrawals through Transferwise, now that the Administrator is asking to update personal details including the bank account, how do I add a SEPA account? The current options seem to work only for UK accounts. Should I just ignore adding an account for now?
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Post by red_panda on Aug 12, 2019 15:41:37 GMT
One of the loans now updated to bad debt.
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Post by red_panda on Aug 9, 2019 10:51:00 GMT
All I got was just a standard response like the one below. Nothing else. I will follow up however.
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Post by red_panda on Aug 7, 2019 15:16:56 GMT
I have about 7% of my Mintos Portfolio in Afforti, let's see how this plays out.
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Post by red_panda on Aug 7, 2019 15:16:07 GMT
Viventor already suspended Aforti a few hours earlier. Selling on secondary is still possible in theory but at huge discounts.
This doesn't look good. Nope
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Post by red_panda on Jul 28, 2019 9:34:24 GMT
I've been with Mintos for almost 4 years now, I'm generally happy with how my investments through this platform are going, but what I am not happy with is the state of the defaulted no-buyback loans and the low quality and frequency of updates. I have 8 loans in default (5% of my loans) and this is the state of debt collection for some of them.
Capitalia Business loan - Defaulted in 09/2016 Last two years of updates can be summarized by "There are no updates since the latest status update."
Invoice financing loan - Defaulted in 03/2017 Last year of updates can be summarized by "There are no updates since the latest status update."
Debitum 2 Invoice financing loans, likely same debtor - Defaulted in 08-2017 No update for the past 7 months.
Mogo Car loan - Defaulted in 12/2017 No update for the past 16 months.
Car loan - Defaulted in 10/2018 No update for the past 8 months.
As you can see, some of the loans just become "sleeper defaults", where it seems the loan originator completely ignores them. I have chased Mintos to chase the loan originators for a proper update, but to no progress. I'd like closure on these loans, either have them written off as bad debt or at least be informed on a quarterly basis what the next steps and expectations are. I am definitely not happy with how Mintos is handling this.
What are your thoughts and experiences?
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Post by red_panda on Dec 21, 2018 19:17:20 GMT
EU (non UK) investor here with a 100pounds in this. What can I expect and how should I respond?
Edit: Have not received a letter yet, but I guess internationals will receive it after Xmas.
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Lendy (L) in Administration
Lendy Wealth
Aug 20, 2018 8:24:39 GMT
Post by red_panda on Aug 20, 2018 8:24:39 GMT
I'm trying to exist Lendy like most of us here. My withdrawals are at 51% of the deposit value and stuck with only defaults pending settlement. Am I doing fine or awful?
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Post by red_panda on Feb 19, 2018 14:33:02 GMT
I'm just a lurker here on these boards, but an investor through Lendy for over a year and a half. I'm disappointed like all of you, but I can't but think there is something institutionally wrong with the UK property market. Being an EU investor, I'm invested in property loans in different EU countries as well, and none are performing as awfully as these on Lendy. In fact, late loans in other countries for me amount to about 5% with 0 defaults in 2 years, while late loans on Lendy amount for me to over 50% (expecting worse), with several suspended and potentially default. I'm pulling out of the UK market all together, it's been nothing but disappointment for me and Brexit hasn't helped either. I've got to ask you which platforms. Mods, I know, maybe a PM, I couldn't decide I PMed to you just in case.
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