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Post by portlandbill on Jan 30, 2020 11:05:19 GMT
I'm in even though I only have a tiny amount still involved
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Post by portlandbill on Dec 10, 2019 16:54:00 GMT
One of the reason I foolishly got involved with FS as that the LTV rates were a maximum of 75 percent so I calculated that it was unlikely would lose my capital.
I didnt factor in incompetance fraud and a light touch regulation from the FCA that looks like a complete joke to me
Hmmm, you and me both
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Post by portlandbill on Dec 10, 2019 16:50:13 GMT
Apologies I am not used to how this site works but the above quote is from me and not from Portlandbill as I am replying and copying the relevant email reply I received back today from the FCA...basically you need to reply back to the FCA of the amount of compensation sought....I am going to reply back asking for my capital investment and not include the interest accrued..... any thoughts on my approach?.....Hope this helps Yes, I've asked for my capital back and not asked for the accrued interest (all my remaining capital is in "unredeemed" loans). Will the FCA involve themselves in the ring fenced client funds issue?
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Post by portlandbill on Dec 10, 2019 16:29:30 GMT
I got my initial response today in the form of a long email which basically said they're looking into it and will get back to me.
In the meantime, now that the administrators have decided that our ring fenced funds are no longer ring fenced, how do I go about complaining about that?
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Post by portlandbill on Nov 30, 2019 13:47:29 GMT
Has anyone had a reply to their complaints yet? Just a holding email:- Dear Portland Bill We have received your complaint against the FCA and have allocated it to an investigator in the Complaints Team. The investigator will write to you again within four weeks setting out a summary of our understanding of your complaint, and whether we are able to investigate the matters you have raised under the Complaints Scheme which you can view here. Further information on how we handle complaints can be found on our website here. In the meantime, if you have any queries please do not hesitate to contact us. Yours sincerely FCA Complaints Team
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Post by portlandbill on Nov 29, 2019 19:03:14 GMT
Does this mean that the administrators are enforcing lendy's Ts & Cs change that most of us rejected?
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Post by portlandbill on Nov 15, 2019 11:51:33 GMT
Thanks too pip, i have just submitted my complaint based on your template.
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Post by portlandbill on Oct 24, 2019 21:36:13 GMT
I swore I wouldnt use Facebook anymore. Should I?
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Post by portlandbill on Oct 18, 2019 13:45:17 GMT
... but where's the invoicable fun in that? exactly
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Post by portlandbill on Oct 16, 2019 19:49:38 GMT
Both my doctors and my bank won't verify identity as a matter of policy (the bank, Nationwide, would, but only if I was applying for a loan from them) I've just emailed shoosmiths & offered to send them a scan of my driving licence & P60 & asked them if they could verify it on the DVLA website. Trouble is, I don't know any teachers, lecturers, councillors, ministers of religion or solicitors. My dentist is 40 miles away. The only accountant I know personally is my son who is 90 miles away. My husband can't sign it as he's no longer registered with the Engineering Council since he retired. I won't hold my breath, but will update when I get a reply. Could be interesting. Do you think they'd let me drive to Fareham & present myself in person ? We could always nip into West Quay on the way back for some retail therapy. Know any nurses? RGNs and SRNs are usually accepted as "responsible".
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Post by portlandbill on Oct 11, 2019 16:00:16 GMT
RSM don't appear to have any trustpilot reviews yet. Time to put that right?
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Post by portlandbill on Oct 11, 2019 11:11:23 GMT
I received a reply when i said that I wouldnt be sending them any documents until they could confirm that they have money ready to pay me. Their response is:- "If you are unable to meet the deadline due to awaiting the funds being applied to your account, I will note this on your account."
They also repeated the paragraphs about certified copies when i said that my bank statements were provided electronically and that I would be happy to send them an original.
Make of that what you will.
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Post by portlandbill on Oct 10, 2019 16:28:22 GMT
ok, so i need to prove who I am too. Despite still having the same address, the same single bank account,....
I only have £X00 left invested(!?) in Lendy, in the London loan. I will be replying to the administrators and telling them that I will comply with their requests when, and only when, they confirm to me that they actually have funds ready to pay to me. Otherwise it's a complete waste of my time and money. I suggest others in a similar situation do the same.
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Post by portlandbill on Oct 10, 2019 16:23:23 GMT
...... How many companies actually check the details of the certifying person? Who is to say that the certifying person is who they say they are? Surely that should be certified, too. And that. And that. And...
Dont go giving them ideas....
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Post by portlandbill on Oct 1, 2019 12:56:37 GMT
Just been surprised to read that I'm unlikely to get any money back on loan 2444968958 as it's a "supplemental" loan and the proceeds don't cover the original loans. Is that right? Surely the proceeds should be shared equally amongst all loans unless clearly labelled as a 2nd charge? The loan description states "This is a 6-month loan secured by a first legal charge against a property in N*w B****on, W*****y" It is never nice to have such a harsh education, but unfortunately the loan description was very clear in the 3rd sentence: "in the event of a default, this would rank behind the original loan and development facility" The issue you're raising is that you believe it should be described as a second charge. This loan is not the legal definition of 2nd charge. This is a loan where FS holds a first charge, but your specific loan is subordinated to the earlier loans. In reality though, it acts very much like a 2nd charge from the investors perspective. Yes, so there was me, studiously avoiding any references to "2nd charge" loans and walking straight into "supplemental" loans.
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