moist
Member of DD Central
Posts: 241 
Likes: 251
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Post by moist on Oct 20, 2017 15:08:43 GMT
how can we decide whether to invest in a loan if we cant see the updates......
Lots of other nice P2P sites are available
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Monetus
Member of DD Central
Posts: 1,179
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Post by Monetus on Oct 20, 2017 15:11:32 GMT
This is frankly absolutely ridiculous and a shocking lack of transparency. Of course investors want to know updates on all loans as they affect the health of entire platform.
How can someone choose whether to invest in a loan on the secondary market if you can't see the updates?
It's clearly a decision to try and keep investors in the dark about the worrying state of defaults and issues with loans.
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jcb208
Member of DD Central
Posts: 838
Likes: 638
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Post by jcb208 on Oct 20, 2017 15:12:44 GMT
To be fair the Loan book updates under the old system are not due until next Friday 27/10 as they are every 2 weeks
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seeingred
Member of DD Central
Posts: 470
Likes: 664
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Post by seeingred on Oct 20, 2017 15:19:55 GMT
To be fair the Loan book updates under the old system are not due until next Friday 27/10 as they are every 2 weeks Plenty of time then to listen to lender feedback and prepare a comprehensive set of updates - and make them available in a single document so we can scan through. Maybe they could be ordered 'most promising first' then we can all scroll to the bottom and start from there.
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oldgrumpy
Member of DD Central
Posts: 5,087
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Post by oldgrumpy on Oct 20, 2017 15:22:21 GMT
Let's leave off Paul (just a bit). He's only doing what his "lords and masters" tell him to; they specify the BS; he is paid to spin it. I reckon he's as pi fed up as we are.
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Post by charlata on Oct 20, 2017 15:22:25 GMT
Rumour has it that lenders are referred to as 'the mushrooms' at Lendy Towers.
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,168
Likes: 4,859
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Post by ozboy on Oct 20, 2017 15:23:22 GMT
Won't take me long to trawl through my loans.  Yep, I'm now down to only two loans, and VERY low four figures. As a certain Poster often says, "Happy days!!!". 
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,168
Likes: 4,859
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Post by ozboy on Oct 20, 2017 15:27:17 GMT
Let's leave off Paul (just a bit). He's only doing what his "lords and masters" tell him to; they specify the BS; he is paid to spin it. I reckon he's as pi fed up as we are. Yep, he's a cog and does what he's paid to do. Don't shoot the messenger.
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twoheads
Member of DD Central
Programming
Posts: 1,089
Likes: 1,192
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Post by twoheads on Oct 20, 2017 15:32:23 GMT
A cryptic reference to a certain gold plated asset (bathroom at least) which will be coming to term on Jan 13th (85 days). There was a great deal of DD carried out on this one at it's inception and I think quite a few involved in that process have kept a 'token' investment and are dying to see how it finally turns out. It would be a shame to miss out on the fun if we cannot see the updates. I will wait and see what happens to the web site next week. If I cannot see the updates for a loan I am not in then I will certainly be buying a penny stake in a few loans that I would like to keep in touch with.
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Post by loftankerman on Oct 20, 2017 15:46:00 GMT
Circle, circle, glug, GLUG!! Time to blow "Boat Stations".
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Carter
Member of DD Central
Posts: 250
Likes: 549
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Post by Carter on Oct 20, 2017 15:50:52 GMT
Well if Lendy really are listening and everyone hits them with a complaint regarding the change to updates then they'll quickly reverse it right? Unless they've actually had the majority of registered users already request the change to reduced updates, doubt it somehow. Lendy, if you're hearing grumblings about an aspect of your service and you think it's important to respond positively, engage your userbase and get some wider feedback, analyse it and then publish the finding with your proposed action. Don't just cut off a large section of your userbase from updates they are interested in and certainly don't take a decision to reduce update information to minimise bad news and blame the change on us!
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,168
Likes: 4,859
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Post by ozboy on Oct 20, 2017 15:53:49 GMT
A cryptic reference to a certain gold plated asset (bathroom at least) which will be coming to term on Jan 13th (85 days). There was a great deal of DD carried out on this one at it's inception and I think quite a few involved in that process have kept a 'token' investment and are dying to see how it finally turns out. It would be a shame to miss out on the fun if we cannot see the updates. I will wait and see what happens to the web site next week. If I cannot see the updates for a loan I am not in then I will certainly be buying a penny stake in a few loans that I would like to keep in touch with. I'd momentarily forgotten about that particular Swiss Cheese. If it's the one I think you mean it was the Loan that got me started on my VR/LTV Crusade!? I also recall what particularly urinated me off irked me was the firm instruction to The Valuer to particularly notify of any, errrrr, "planning issues"!!!!! EDIT: Yep, that's the one, just checked. Strangely there are only low amounts up For Sale on each, and they're actually selling (?!), albeit in two & low three figure amounts, but selling steadily.
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jcb208
Member of DD Central
Posts: 838
Likes: 638
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Post by jcb208 on Oct 20, 2017 15:54:52 GMT
Maybe time for a vote |
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stub8535
Member of DD Central
personal opinions only. Not qualified to advise on investment products.
Posts: 1,447
Likes: 945
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Post by stub8535 on Oct 20, 2017 16:08:41 GMT
I think its a great step forwards!👿
Who wants to know how a platforms loans are doing but those invested? I can't imagine it being of any use to keep telling everyone everything about the loan book regularly.
Now to pick up my 10th pint. Hic!
Botawoadalollocks @lendy.
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Balder
Member of DD Central
Posts: 646
Likes: 622
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Post by Balder on Oct 20, 2017 16:20:13 GMT
Let's leave off Paul (just a bit). He's only doing what his "lords and masters" tell him to; they specify the BS; he is paid to spin it. I reckon he's as pi fed up as we are. Yep, he's a cog and does what he's paid to do. Don't shoot the messenger. He is Head of Marketing and Communications so is I expect the one who sets the Communications agenda.
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