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Post by Paul64 on Jul 15, 2017 9:21:16 GMT
Hi all, the cash back offer and the bonus accrual feature have both been launched as pilot projects in order to evaluate feasibility, time, cost, adverse impacts etc., in an attempt to improve the liquidity of the Available Loans (secondary) market. This is prior, if popular and successful, to making them permanent features. While they are pilots may I ask that you treat them as such and see how they work for you in their current form. Please feedback any comments via support@lendy.co.uk which will be used to hone the schemes over coming months. Thank you. Paul
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Post by Paul64 on Jul 14, 2017 18:02:14 GMT
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Post by Paul64 on Jul 14, 2017 15:56:20 GMT
Indeed. It is a one off.
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Post by Paul64 on Jul 14, 2017 15:38:03 GMT
Hi all, the new cash back pilot is actually very straightforward. It is a one off payment of 1/12th of the annual interest. I.e, a 12% loan will get a one off 1% cash back and it will be paid with the normal interest run for those holding the loan parts at that time.
With regard the announcement that we are changing the way interest is treated post term, this is a requirement of the FCA to meet regulatory requirements and has to be adhered to by all P2P firms.
Paul
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Post by Paul64 on Jul 14, 2017 15:30:38 GMT
Hi all, the cash back is actually very straightforward. It is a one off payment of 1/12th of the annual interest. I.e. a 12% loan will get a one off 1% cash back and it will be paid with the normal interest run for those holding the loan parts at that time. Paul
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Post by Paul64 on Jul 14, 2017 7:37:56 GMT
Hi, thanks for your message. There has been no change. It has always been the case. See lendy.co.uk/terms. Paul
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Post by Paul64 on Jul 14, 2017 5:30:38 GMT
Hi, thanks for the question c_d. The FAQ is correct. Interest will not be paid. It was never meant to. There was a small technical anomaly that has been corrected. Paul
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Post by Paul64 on Jul 13, 2017 20:49:41 GMT
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Post by Paul64 on Jul 12, 2017 13:08:32 GMT
Hi all, as per previous posts on the forum, we are extending an invitation to all of our investors to stop by and say hello at the Lendy Lounge if they're in Cowes for the week from Saturday, July 29 until Saturday, August 5. Further information is being sent to all investors about the week shortly. The official investor day is set for Monday July 31 2017 where, for health and safety reasons, we are limited on numbers, but we still have some places left so please let me know if you are planning to come. Paul Lendy Support
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Post by Paul64 on Jul 11, 2017 17:26:17 GMT
Hi all, further to the platform update note yesterday, we paid the first bonus to investors today on PBL089. Further repayments due this week so watch this space. Paul Lendy Support
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Post by Paul64 on Jul 7, 2017 19:23:14 GMT
I do not know who you are so please contact support@lendy.co.uk with your account details. Alternatively there is an unsubscribe button at the bottom if every Lendy investor email. Thanks, Paul
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Post by Paul64 on Jul 7, 2017 15:56:33 GMT
Hi all ladywhitenap, everyone has the option to opt out so please contact support@ and we can remove you. Thanks, Paul Lendy Support
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Post by Paul64 on Jul 5, 2017 13:30:35 GMT
The only problem with that is its short sighted. Make a fast buck now at the expense of making stable money in the future. No one would invest if they did this. Just found this message from LY on trust pilot: "Since the platform launched in 2012 the average time taken to sell a loan part was around 24 hours. However, there has been periods for when it has taken longer than 24 hours, for example when there has been a number of loan parts put up for sale by investors. The Lendy Platform still has a very efficient secondary market. However, over recent weeks it has slowed as a large number of new loans have gone live, therefore promoting investors to sell older loan parts, as a result making the secondary market less liquid. We expect the average time now to sell a loan part to be reduced in time." They seem to realise the liquidity issues are killing investment. To be fair they tried to solve an issue: there were not enough loans for everyone to invest in. So they created more loans, but that killed liquidity, which meant people weren't as comfortable investing. Unfortunately you cant have your cake and eat it. Solution is to not list anymore pipeline loans until SM is is tighter. Two ways of doing that: find more investors, or get loans to payback. Based on the recent sponsorship and increased referral incentives its disappointing to see LY efforts are on the former (poor move in my opinion) Hi mrg In reality you need to do both, which is what we are doing. Paul Lendy Support
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Post by Paul64 on Jul 5, 2017 10:22:25 GMT
Hi all, withdrawals are done in a timely way, but they can be processed anytime up to midday. Paul
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Post by Paul64 on Jun 28, 2017 14:12:54 GMT
Despite raspberries blown already in other thread(s), this looks to me (with my old Marketing Director hat on) like a very well-targeted investment in building name recognition and brand awareness, with all sorts of opportunities for year-round PR activity too, given Lendy's local connection. Cowes Week generates huge exposure in the yachting world (globally, not just UK-wide) and you only have to look at other recent financial services title sponsors (Skandia, Aberdeen Asset Mgmt) to understand the demographic attraction, spanning both borrowers and lenders. Cowes struggled to sign up a sponsor at all last year, eventually persuading Aberdeen to continue for a further year. Given this is a "last minute" announcement by the organisers in terms of the 2017 regatta, I suspect Lendy managed to negotiate a very good price for the certainty of a 3 year deal! Question is, Paul64 , will there be fireworks this year and will there be a Lendy marquee / boat to watch them from?! Fireworks, yes!
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