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Post by portlandbill on Mar 12, 2019 16:43:47 GMT
Sadly I feel the writing is on the wall and we have known this for a long time. It’s sad that no one at lendy will actually make an e mail statement to all of the investors with regards this very damaging article. All I can hope is the end result is more swift and efficient than the collateral situation. On a more positive note, maybe an FCA enforcer is standing over them with a whip and they don't dare stop working on recovery to say anything to us. Yeh, that'll be it
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Post by portlandbill on Mar 12, 2019 12:26:23 GMT
Over on Bondmason, they're confirming that they have no loans with Lendy (or FC for that matter). Prompted by the FCA announcement maybe?
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Post by portlandbill on Mar 3, 2019 9:14:55 GMT
One ploy that I believe may work is to post a short positive review and then, a week or so later, correct it. Seems to slip past the censor that way.
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Post by portlandbill on Feb 19, 2019 11:25:27 GMT
What are these new loans? I haven't seen them, only tranches of others. i agree, what new loans?
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Post by portlandbill on Feb 5, 2019 13:33:10 GMT
in this day and age you have to question any financial organisation that doesn't use the faster payments service. Are they really that desperate to hang on to your money for as long as they can?
it shouldn't take longer than 2 hours. 3 days? they're having a laugh!
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Post by portlandbill on Feb 4, 2019 15:35:49 GMT
in Lendy Wealth, are Lendy still acting as the agent of the investor even if the investor doesn't know where his/her money is being loaned? i.e. could the London loan situation occur with black box schemes?
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Post by portlandbill on Feb 4, 2019 15:16:03 GMT
Presumably if the claimant is bankrupt and she has a very large sum waiting in her bank account to pay into court as security then the official receiver should be informed such that he can take that money for the bankruptcy? That is how bankruptcy usually works. I'm sure I'm missing something here ! Can someone tell the official receiver please? It would help us enormously. The mother is not the borrower. The daughter is. The mother is bankrupt, the daughter is a 'young and impecunious student' and has no assets. Lendy and their solicitors know all this as it's from their defence I've obtained this information. And yet they still lent her £7m. "it's all about the security". yeah, right.
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Post by portlandbill on Feb 4, 2019 15:13:05 GMT
If the claim against Lendy fails because of failure on the part of the claimants to pay expenses into court by the due date, then presumably if we are then served we just need to make a similar request for expenses to be paid into court in advance. This won't happen and the claim against us also fails. Having just read the update from Ly about the Jan22 hearing. The borrower has to pay cash into the court by 1600 on 1st April and serve on us lot by EXACTLY THE SAME TIME. (or at least before then) The case will only be struck out if she fails to pay cash into court by 1600. The only way she can serve on us is to do it before the 1600 deadline.(which will be before the Ly case is struck out) She can't possibly do it after the case against Ly fails Your point being she has to take on Lendy AND us, not just us?
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Post by portlandbill on Jan 30, 2019 15:20:53 GMT
And if it goes well there will be a queue behind you! Thank you but If small claims route is to be followed and be "effective", several hundreds, if not thousands of us need to issue this claim (individually and independently) at around the same time. I will leave you to work out why this should be the case :-). Agree 100%. This needs to be a joint and coordinated action. It's the borrowers's tactics to scare us by going after all of us for huge sums. And for most of us it'll only cost us a few quid each, and only if she doesn't back down after receiving a few thousand demands for repayment that she'll have to reply to individually.
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Post by portlandbill on Jan 30, 2019 15:16:38 GMT
I'm not from the UK, but I fail to see how the court can get any sympathy with the borrowers if not any attempts to solve the situation has been made. It does not make any sense. No direct contact at all, no letters, no mail, nothing. According to HCR just an e-mail with a claim of 14 million without any communication before that (assuming they actually serve this claim which they have not done to date).
The Borrower can serve a claim on us by e mail wherever we are, yet we are pondering/getting ourselves in a twist as to whether we can or can not serve on the Borrower because it is located offshore. The Borrower's legal representative is in the UK. The Guarantor is in the UK. What's to stop us issuing through the small claims court addressing it to the Borrower's legal representative and to the Guarantor's UK address and making both the Guarantor and the Borrower joint defendants? So L purportedly has t & c s preventing us from contacting the Borrower, yet the Borrower can contact us, does anyone see the contradiction in this? These remain my observations and should not be construed as advice in any way. I can't imagine that Lendy are going to enforce their terms and and conditions against us, when we are proposing to claim against a borrower that is claiming against them! Enemy of your enemy and all that.
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Post by portlandbill on Jan 30, 2019 7:25:23 GMT
It is a precondition of the small claims court procedure that you must have attempted dire ext resolution prior to going to court. I don't believe it is for the high court. Another reason for making contact directly before taking it to the small claims court.
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Post by portlandbill on Jan 29, 2019 13:30:57 GMT
can somone give me HCR's email address so i can contact them to ask to be put on their mailing list?
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Post by portlandbill on Jan 29, 2019 13:25:33 GMT
I didn't get the email either. I wonder what criteria they're using to determine who to contact?
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Post by portlandbill on Jan 27, 2019 10:07:54 GMT
the beauty of the new online claim system is that it's known, fixed cost and minimal at that. win or lose you're only responsible for your own costs and they are £25 for up to £300 claim, £421 for a £5000 to £10000 claim, and pro rata in between. the online claim form is designed to be completed without requiring legal advice.
you do have to have attempted resolution before putting in a claim, but a letter asking for your money back should be sufficient as a 1st step.
BBC Moneybox just did a programme all about it. listen to the podcast.
Lendy will need to provide us with the borrowers contact address and the loan contract. as they are our agent, that shouldn't be a problem.
if she receives a couple of thousand letters asking for repayment with a threat of small claims court it might bring her to her senses before it gets out of hand.
this is not legal advice, blah, blah.....
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Post by portlandbill on Jan 27, 2019 8:55:04 GMT
Which dog is sleeping? The one that went back to court last week to pursue her claim?
Burying head in sand isn't usually a good legal defence.
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