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Post by loftankerman on Apr 27, 2019 14:52:44 GMT
Meanwhile, my £100 I sent to lendy account is still in limbo. Not in my lendy account or my bank account... :/ A £100 test transaction is a bit eyebrow raising to my way of thinking. Just to be on the safe side, if you are ever tempted to check if a gun is loaded, I'd advise against putting it to your temple and pulling the trigger.
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Post by loftankerman on Apr 27, 2019 12:02:05 GMT
The Copious Capital web site states that the management team is led by Liam Brooke and Robert Kelly. They are said to be bringing in a wealth of experience and are putting this experience to work, developing new and disruptive (?) brands across a number of financial service areas. Presumably they are planning on having these disruptive brands impact other areas in the same way that Lendy has in the P2P arena. I hadn't realised that disruption was a planned business model, I just thought they were clowns who had f***ed up. Personally if I had set up a new company when folk were puzzling about where the money went from the old one, I'd be a bit cautious about what I called it.
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Post by loftankerman on Apr 27, 2019 7:30:47 GMT
More importantly, how on earth are Cowes going to allow their name up in lights? You'd think, wouldn't you, but Cowes Week organisers could be on dodgy ground taking any action allegedly capable of worsening what could be claimed to be a situation that is under formal control of the FCA and potentially recoverable.
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Post by loftankerman on Apr 26, 2019 18:44:49 GMT
So I imagine that some grumbling on this forum backwater is below the noise level created and about to be created by the FCA and the Press who'll make sure nothing that can be gleaned about this will go unreported.
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Post by loftankerman on Apr 26, 2019 14:46:04 GMT
One assumes that Lendy Wealth clients are also experiencing "banking issues". There's probably a facility for them to drop off brown envelopes at the door of Lendy Towers so that banking problems don't impede their wealth creation.
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Post by loftankerman on Apr 26, 2019 13:17:07 GMT
True story coming up... I was once required to work as a technical advisor alongside one of these jump up and down, arm waving, communications guys.
He told me that he had recently been sent to talk to a group of people representing the MOD. He had introduced himself as a consultant and raised the rhetorical question “What is a consultant?”
He was disarmed to find that rather than waiting for him to proceed, a somewhat old looking fellow who appeared to be dressed as ‘an admiral or something’ said “I’ll tell you!”
He said “A consultant is a man who knows absolutely everything there is to know about sex, BUT he doesn't know any girls! “
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Post by loftankerman on Apr 26, 2019 11:53:37 GMT
I haven't looked at the Trustpilot site for a while but have just done so and noted that the most recent 5 star review was on the 1st April by one Leonard Dee. Len to his friends, I assume. No doubt they'll be more than happy to have that one take pride of place in these troubled times.
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Post by loftankerman on Apr 25, 2019 23:27:17 GMT
Lendy are claiming that their plans for the sponsorship of Cowes Week in 2019 will be bigger and better than in 2018. Is this likely if the FCA have the veto on their cheque writing, or does all of that sort of thing come from some other pot of our money?
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Post by loftankerman on Apr 25, 2019 11:44:55 GMT
I don't claim to be well informed or even having much understanding, but it puzzles me that anyone with an eye to history can talk about low risk/decent Lendy loans. DFL005 appeared all but done and dusted with the development to some extent operational and nothing but anticipated imminent repayment.
06/07/2018: The borrower has advised that initial documents for funding have been signed and the borrower expects to complete the refinance by the end of July 2018.
A month ago, they were hoping to make a decision about what they should do as a way forward and haven't got there yet. If you think you have found a good Lendy loan, look in the mirror and slap some sense into yourself.
In considering my standing in this loan I have consolidated my Interest and Bonus Interest into a single figure under the heading Bogus Interest.
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Post by loftankerman on Apr 24, 2019 16:04:13 GMT
When doing DD it is also worth reading the platform's T&C. When I read the Lendy T&C that replaced the Savingstream T&C, I immediately stopped investing and began selling what held.
In general, platforms should be avoided if they have T&C that can be summarised as "You appoint us as your agents to do whatever we like with your money at our discretion and can't be held responsible for any **** that happens. P.S. Your capital may be at risk LOL!"
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Post by loftankerman on Apr 21, 2019 13:28:31 GMT
Surely a refinance is just more money for someone to run off with? But it's somebody else's money. I suppose I should have added "before the original lenders get their hands on it."
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Post by loftankerman on Apr 20, 2019 23:07:49 GMT
I remember driving past this 12 months after I'd initially driven past. Absolutely nothing had changed yet I'd gotten my interest and gotten the hell out. Would be very surprised if there's a decent outcome here but fingers XXXd for loan holders. Somewhere, someone has/will be taking a rather large bath I suspect - hopefully deep pocketed developers and not the usual Lendy sacrificial lenders.. Well if it's very close to completing refinance then I am still hopeful this is a safe-ish loan. But with the way things go with Lendy, who knows? Surely a refinance is just more money for someone to run off with?
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Post by loftankerman on Apr 18, 2019 9:50:02 GMT
I have some scanned photos on a shipping web site. They mostly date back to the early 1960s and because I had what was then above average photographic equipment, they are popular with people having an historical interest in shipping. By chance, a year or so ago I found a very familiar photo on a web site belonging to a former ship's master, covering the history of P&O. It had been blatantly stolen from the shipping site and used without any acknowledgement to its well documented source and copyright. He could just as easily have contacted me or put a link in to it, as I can see from the shipping site that numerous links have been made to it. Using whois I had been able to find the email address and home address of the web master and thief. Now I can no longer do this, so this level of privacy protection is even better news for thieves than the average user.
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Post by loftankerman on Apr 14, 2019 15:42:16 GMT
Just reading the LY updates. It seems almost every loan is going to get one of these. On the one hand, it suggests that LY are getting serious about recoveries and recovery routes. On the other hand, it is a more cumbersome way to check. I hope they get a better system running than that of the London loan. Where is this located? Cannot find any private portal on my page? I suspect that this is in the aspirational stage. Planning and implementation may take a while before information is generally available across all problematic loans. I assume they have realised that so many people are invested in multiple disasters that cutting and pasting the same drivel across all portals will be flagged up immediately.
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Post by loftankerman on Apr 10, 2019 22:55:13 GMT
Karma is the alter ego of Jimmy the Leg Breaker.
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