rocky1
Member of DD Central
Posts: 1,139 
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Post by rocky1 on Jan 11, 2019 7:23:41 GMT
P2P platforms in general seem to have their own take on what a lot of words in the english language mean.i think they all use the P2P guide of how to BS your lenders.
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Post by loftankerman on Jan 11, 2019 9:42:53 GMT
Does someone actually approve these "updates" it looks like they can't be bothered to even tailor them to the actual loans......millions at stake and they copy and paste month after month. "Legal proceedings to recover the outstanding capital, accrued interest and bonus accrual are progressing and an update will be provided as and when we are able. This on loans that are millions short. Here is an update.......Nothing is "progressing" obviously. The most clueless lazy "business entity" I've ever had the misfortune to be involved in, and I work in the music business, that's saying something.....Calling them a business is stretching it. Beggars belief now. If something is progressing then by definition there should be some progress to report. "Progressing" is Lendy speak for "no progress" in the same way "pacific" means "specific". There's always the chance that when Lendy gurus say that things are happening pacifically, they do it with the meaning of the root word in mind. That is, that things are happening peacefully. So, as nothing appears to be happening, peaceful inactivity at Lendy towers is possibly what is accurately being referred to.
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adrianc
Member of DD Central
Posts: 10,026
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Member is Online
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Post by adrianc on Jan 11, 2019 10:09:42 GMT
If something is progressing then by definition there should be some progress to report. "Progressing" is Lendy speak for "no progress" in the same way "pacific" means "specific". There's always the chance that when Lendy gurus say that things are happening pacifically, they do it with the meaning of the root word in mind. That is, that things are happening peacefully. So, as nothing appears to be happening, peaceful inactivity at Lendy towers is possibly what is accurately being referred to. ...or they're just thinking about yachts.
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Post by charliebrown on Jan 11, 2019 11:18:51 GMT
The latest batch of meaningless cut-paste updates are perhaps the biggest insult Lendy has given us to date. It’s so patronising. What is “the new Rcoveries Team” and why are they different from the old Recoveries Team. I find this update so disrespectful.
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Post by baronhardup on Jan 11, 2019 11:47:44 GMT
The latest batch of meaningless cut-paste updates are perhaps the biggest insult Lendy has given us to date. It’s so patronising. What is “the new Rcoveries Team” and why are they different from the old Recoveries Team. I find this update so disrespectful. The New Recoveries Team, having worked very hard over Christmas (...oh, Mr Scrooge!) have nearly completed their review of the Old Recoveries Team's failures efforts and have now requested new reports from the new independent insolvency practitioners, valuers and legal advisers ( I wonder if there is any come-back to be had from the old independent insolvency practitioners, valuers and legal advisers). Then the new review will be reviewed by the new Board and we will have a new update just as soon as they can manage it. That's if they don't send it back to be reviewed again. And so says the update on a loan that is 573 days overdue!! I thought Dickens, with his Jarndyce v. Jarndyce and his Circumlocution Office, was making his stories up!!
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Post by brightspark on Jan 11, 2019 14:31:10 GMT
Yet another insult to my intelligence. Anybody investing in this outfit needs their brains testing.
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Post by queenvictoria on Jan 11, 2019 22:53:38 GMT
On the other hand, the fact that a new recoveries team has completed its investigation into a whole host of loans and that the Board will have scrutinised their reports and be in a position to provide a real meaningful update on each loan within the next 20 days is really encouraging. It is probably the most positive statement we have had for many, many months. Three weeks from today we will know where we are with these loans. That's what it says, isn't it?
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richox
Member of DD Central
Posts: 66
Likes: 120
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Post by richox on Jan 11, 2019 23:46:59 GMT
On the one hand leopards don't change their spots, on the other pigs might fly.
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invester
P2P Blogger
Posts: 612
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Post by invester on Jan 11, 2019 23:56:40 GMT
If there was a new and improved team, you'd think they would be shouting from the rooftops about their credentials (just like they did with the 'new and improved' board).
In Lendyspeak they have probably kept it all the same and added on some poor fresh graduate to make the uncomfortable calls and called that a new team.
Don't really see how anything has changed. The 'webinar' debacle pretty much sums them up: a lot of build up but ultimately nothing.
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raokin
New Member
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Post by raokin on Jan 12, 2019 0:26:55 GMT
I have a five figure sum invested with Lendy. Every loan I have is now either classed as non performing or suspended and I haven't received a single meaningful update regarding the recovery process for more than a year. The head of their compliance team sent me an email dated Jan 4th CLEARLY stating that the updates would be released on Jan 7th. When they were not forthcoming I replied with an email entitled "ANOTHER BROKEN COMMITMENT". I then immediately received an apology stating they would be released by the end of this week. As we now know they were in fact released on Jan 8th.
So we have a new Lendy team, a new Lendy board and yet exactly the same BS has been copied into every loan update for Jan 19? Can that really be described as progress? I AM NOW FURIOUS and grossly insulted at the way Lendy continue to treat their Lenders with such contempt. Yesterday I wrote to the head of compliance stating that I believe Lendy are trading while insolvent which is against the law. I have demanded that meaningful updates are received with in seven days showing some semblance of progress towards recovery. If this information isn't forthcoming I believe it's time for Lenders to UNITE to enforce our rights. I don't believe we can allow this situation to continue. Withholding vital information from Lenders on a permanent basis sighting confidentiality as an excuse ONLY benefits Lendy.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,330
Likes: 11,549
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Post by ilmoro on Jan 12, 2019 0:29:38 GMT
On the one hand leopards don't change their spots, on the other pigs might fly. I wish. He's been sat on my hat so long since the last staggeringly unlikely recovery, he's got piles and is considering applying for a job as a gargoyle. 
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Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
Posts: 2,011
Likes: 1,013
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Post by Godanubis on Jan 12, 2019 20:05:48 GMT
On the one hand leopards don't change their spots, on the other pigs might fly. What happens when the leopard 🐆 Eats the pigs 🐷 ?..
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Post by p2plender on Mar 1, 2019 13:37:39 GMT
A big steaming pile of it this month!!
Enjoy.
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Post by charliebrown on Mar 2, 2019 0:57:02 GMT
I’m looking forward to the 1st April update. Having said that, every day is Fools’ Day for Lendy investors.
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Post by princekie on Mar 2, 2019 6:31:16 GMT
"The course of quaffing champers and eating the finest caviar is slow, but we will make our way through all of your money, we will..."
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