|
|
Post by loftankerman on Mar 24, 2018 15:15:55 GMT
Which makes me wonder why so many sign up in the first place I had to sign up for a number of platforms in order to get in and have a look at their offerings before deciding not to bother. One web site was so appalling I phoned them up to confirm they really were that bad. It turned out to be an estate agent who'd hit on the idea of getting into P2P. I couldn't talk to anyone because the only guy dealing with it was out of the office. So I declined to be called back and asked if they could delete me from their membership list. He said they couldn't because they were required to keep me on it for some period. I have forgotten what it was but he said after that period I'd be deleted from it if I hadn't followed up with any transactions. So just being inquisitive can ramp up the number of folk signed up. I worked in an office once where one of the girls had a sign by her desk saying "Before you meet the handsome prince, you get to kiss a lot of frogs!" I guess it is a similar thing with P2P platforms.
|
|
rocky1
Member of DD Central
Posts: 1,139 
Likes: 1,963
|
Post by rocky1 on Mar 24, 2018 18:59:24 GMT
three loans gone live today just over 600 [investments] made between the three for not eye watering amounts either LENDY must be scratching their heads as to where the rest of the 20000 registered are LENDY things are not looking good around here at all.also referencing dfloo5 with the shed loan seems to me that if it does not get filled we can kiss good bye to the rest of our funds for a very long time.
|
|
hazellend
Member of DD Central
Posts: 2,363
Likes: 2,180
|
Post by hazellend on Mar 24, 2018 19:05:08 GMT
three loans gone live today just over 600 [investments] made between the three for not eye watering amounts either LENDY must be scratching their heads as to where the rest of the 20000 registered are LENDY things are not looking good around here at all.also referencing dfloo5 with the shed loan seems to me that if it does not get filled we can kiss good bye to the rest of our funds for a very long time. Pretty obvious that some loans need to be repaid so people have money to invest. My theory is that the P2P crowd are short of funds so no money can be invested no matter how good the loan until some cash gets returned.
|
|
sussexlender
Member of DD Central
Cheat seeking missile
Posts: 550
Likes: 916
|
Post by sussexlender on Mar 24, 2018 19:24:36 GMT
Have been a member of SS and now Lendy since the start. Many gains but with some loss which is acceptable
Until they get some more major repayments in full I fear that investor confidence will remain low.
New tax year approaching with full FISA allowance but not able to use with Lendy.
|
|
bugs4me
Member of DD Central
Posts: 1,845
Likes: 1,478
|
Post by bugs4me on Mar 24, 2018 19:53:00 GMT
<snip>Nothing lasts forever and now it came to the point when new loans/tranches don't fill any more (even CB offers don't help). "No new money coming in" is probably the strongest message Ly can have. I'm not sure what the next step will be, but for now I stopped investing in any new loans until I see significant improvement in repayments. I'm not sure what is worse, not biting the bullet on those defaults or just allowing them to sit there showing £36m. It doesn't look good either way and with funding becoming more and more difficult, then a decision will need to be made preferably sooner rather than later.
All platforms seem to be under the impression that investors have a bottomless pit of funds to throw at platform opportunities irrespective as to how much they have tied up in defaults/suspended. Sure new 'recruits' will come along but some will also be visiting this forum or looking at the defaults and never invest a penny. I've been with LY since the start and remember the problems with their original T's&C's - were they borrowed from another platform perhaps? - never did find out.
Anyway, investors, or this one anyway, are only prepared to commit a certain % of investment funds to P2P and if it's locked away I'm sure not going to simply put more in. It really is that simple. I expect many others may feel the same and even though there is zero doubt that LY (plus other platforms) read these forums, there's something not happening with the penny dropping inside their heads. They just don't understand that investor maturity has evolved over the past few years whereas their attitude has not. All IMO.
|
|
|
|
Post by dualinvestor on Mar 25, 2018 15:24:59 GMT
I agree with the thread title and most of the posts on here particularly the last three about repayments and IFISAs not being available on Lendy with people bith using up their 2017/18 allowance now and forthcoming 2018/19 due in a couple of weeks elsewhere.
But P2P lendrs are a pretty fickle lot, some with very short memories, so a couple of repayments and headline rates of 12% with cashback this just all might be looked back upon as a temporary blip.
Most people don't appear aware of the phrase caveat emptor, let alone know its meaning, so they may invest in haste and repent at liesure.
|
|
withnell
Member of DD Central
Posts: 550
Likes: 491
|
Post by withnell on Mar 28, 2018 9:45:44 GMT
If DFL004 does refinance I'm sure this thread will become defunct as 14m floods the market...
|
|
|
|
Post by df on Mar 28, 2018 19:54:21 GMT
If DFL004 does refinance I'm sure this thread will become defunct as 14m floods the market... That would be a delightful event for many (incl. myself). How much of this 14m will stay on the platform is another question. I think it will need to be many more large loans repaid until SS/Ly can re-claim lenders' confidence. Until then, threads like this will continue to appear.
|
|
rs
Member of DD Central
Posts: 467
Likes: 254
|
Post by rs on Mar 30, 2018 16:09:55 GMT
Dear Lendy, Here is an exciting opportunity for you: Simply 1/ cancel the < snip > loan PBL199 < snip > 2/ then concentrate on repaying as many outstanding loans as you can asap, 3/ whilst improving your communication at all levels, and you might, just might, have a viable future. Hope this helps. Love&kisses, Lobster Three really good suggestions why? because they are all achievable and with a willingness on the part of Lendy deliverable. Would anyone else like to pitch in constructively to add to lobster 's list. "Viable future" is for Lendy and and for us to create to together, choosing not to do so would be a nightmare scenario, one with far reaching implications for all involved in a wider p2p. 4/ Try and open dialogue with Lendy Support to explore ways in which Both side can begin moving things in a more positive direction. "Love and kisses" might be a good start if Donald & Kim are prepared to give it a try maybe we can too.   Good idea. Suggest more transparency to Lendy Support and see if they take any notice.
|
|
