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Post by freedommmm on Apr 29, 2018 12:08:43 GMT
What is preventing Lendy from getting loans repaid, or if not, forcibly selling the properties quickly and getting the money they should?
If nothing is preventing them from recovering the money, does this mean the management has become negligent?
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Post by mattie on Apr 29, 2018 18:40:33 GMT
What is preventing Lendy from getting loans repaid, or if not, forcibly selling the properties quickly and getting the money they should? If nothing is preventing them from recovering the money, does this mean the management has become negligent? become? 
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Post by p2plender on Apr 30, 2018 6:27:50 GMT
Sorry if a few think myself and a few others are being constantly neg re Lendy, just that I'm struggling to see and share the bulls enthusiasm. Looking at the shear amount for sale on the sm then I can only think the bullish contingent have loans in queues for sale on the sm?
If anyone would like to explain reasons other than above for their sanguine outlook, then I'm all ears.
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mouse
Posts: 55 
Likes: 29
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Post by mouse on Apr 30, 2018 6:48:07 GMT
What is preventing Lendy from getting loans repaid, or if not, forcibly selling the properties quickly and getting the money they should? If nothing is preventing them from recovering the money, does this mean the management has become negligent? become? In my view LY management preferred to spend their time and money sponsoring cowes week rubbish whilst they trousered a hefty wedge. They set a no or low priority to the expensive task of chasing defaults. After all this would eat into their profits. Now unfortunately for lenders its all got out of hand. We have to ask ourselves is the LY platform sustainable long term.
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gustapher
Member of DD Central
Posts: 144
Likes: 267
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Post by gustapher on Apr 30, 2018 7:41:31 GMT
Sorry if a few think myself and a few others are being constantly neg re Lendy, just that I'm struggling to see and share the bulls enthusiasm. Looking at the shear amount for sale on the sm then I can only think the bullish contingent have loans in queues for sale on the sm? If anyone would like to explain reasons other than above for their sanguine outlook, then I'm all ears. It is nothing to do with having loans in queues on the SM. The problems with the constant negativity are: 1) Endless speculation adds no value. It is increasingly difficult to find useful DD posts to help with investment decisions. Therefore it lowers the value of the forum for everyone. 2) It affects investor sentiment and therefore liquidity. While not the initial catalyst, it will be a factor in the severity and length of the problems. 3) Now that Lendy are showing signs of engaging with investors and the forum you are actively discouraging it. 4) Where improvements are made they are likely to be missed or ignored by investors. 5) You increase platform risk and therefore investment risk for everyone. To be clear, nobody has any issue with posts that are negative or critical if they are based on fact. Warning investors of genuine risks is a good thing, but this is not what you are doing. The majority of these posts are just people making things up. The last two are perfect examples: "Looking at the shear amount for sale on the sm then I can only think the bullish contingent have loans in queues for sale on the sm?" - Speculation to discredit anyone who disagrees with you. What value does this add and what is your agenda? Don't say "to help investors" as you are clearly doing the opposite. "In my view LY management preferred to spend their time and money sponsoring cowes week rubbish whilst they trousered a hefty wedge." - As above, pointless negative speculation. This is not about being sanguine or bullish or anything else. It is about being objective.
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blata
Posts: 77
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Post by blata on Apr 30, 2018 8:11:35 GMT
You beat me to it.
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dovap
Member of DD Central
Posts: 467
Likes: 410
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Post by dovap on Apr 30, 2018 8:40:00 GMT
Sorry if a few think myself and a few others are being constantly neg re Lendy, just that I'm struggling to see and share the bulls enthusiasm. Looking at the shear amount for sale on the sm then I can only think the bullish contingent have loans in queues for sale on the sm? If anyone would like to explain reasons other than above for their sanguine outlook, then I'm all ears. It is nothing to do with having loans in queues on the SM. The problems with the constant negativity are: 1) Endless speculation adds no value. It is increasingly difficult to find useful DD posts to help with investment decisions. Therefore it lowers the value of the forum for everyone. 2) It affects investor sentiment and therefore liquidity. While not the initial catalyst, it will be a factor in the severity and length of the problems. 3) Now that Lendy are showing signs of engaging with investors and the forum you are actively discouraging it. 4) Where improvements are made they are likely to be missed or ignored by investors. 5) You increase platform risk and therefore investment risk for everyone. To be clear, nobody has any issue with posts that are negative or critical if they are based on fact. Warning investors of genuine risks is a good thing, but this is not what you are doing. The majority of these posts are just people making things up. The last two are perfect examples: "Looking at the shear amount for sale on the sm then I can only think the bullish contingent have loans in queues for sale on the sm?" - Speculation to discredit anyone who disagrees with you. What value does this add and what is your agenda? Don't say "to help investors" as you are clearly doing the opposite. "In my view LY management preferred to spend their time and money sponsoring cowes week rubbish whilst they trousered a hefty wedge." - As above, pointless negative speculation. This is not about being sanguine or bullish or anything else. It is about being objective. Well as nobody has issues with negative or critical fact based posts then perhaps a similar view might be taken on the 'positive' spin posts ? I read of 'improvements' from time to time which are nothing but the idle speculation you seem to think diminishes the forum There are several posters would think every loan is great and platforms are fantastic (with the odd well it's 12% blah blah what do you expect comment) Some might think that there is a degree of luring in more punters so that they can get out ? All idle speculation of course ho hum
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Carter
Member of DD Central
Posts: 250
Likes: 549
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Post by Carter on Apr 30, 2018 9:09:27 GMT
The forum is losing its balance in my view, particularly on the Ly board but others also. Posters are becoming fanatical in continually ramming their positions down people's throats and useful information is becoming scarce. This is to the detriment of the forum and us the lenders. Many positive platform improvements have been driven by forum members' collaborations but I fail to see anything constructive in the barrage of negative comments. Likewise overly positive posts do not seem to be in touch with the Ly reality. Balance is required.
I have been frustrated by Ly on numerous occasions but I've also earned a lot of income. I havn't invested new funds for some time but may reconsider once outstanding loans conclude. I would like them to be successful and deliver value to their lenders. They have a lot of work to do in this respect.
I'm not a prolific poster but felt I had something to say on this.
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bugs4me
Member of DD Central
Posts: 1,845
Likes: 1,478
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Post by bugs4me on Apr 30, 2018 9:41:08 GMT
It is nothing to do with having loans in queues on the SM. The problems with the constant negativity are: 1) Endless speculation adds no value. It is increasingly difficult to find useful DD posts to help with investment decisions. Therefore it lowers the value of the forum for everyone. 2) It affects investor sentiment and therefore liquidity. While not the initial catalyst, it will be a factor in the severity and length of the problems. 3) Now that Lendy are showing signs of engaging with investors and the forum you are actively discouraging it. 4) Where improvements are made they are likely to be missed or ignored by investors. 5) You increase platform risk and therefore investment risk for everyone. To be clear, nobody has any issue with posts that are negative or critical if they are based on fact. Warning investors of genuine risks is a good thing, but this is not what you are doing. The majority of these posts are just people making things up. The last two are perfect examples: "Looking at the shear amount for sale on the sm then I can only think the bullish contingent have loans in queues for sale on the sm?" - Speculation to discredit anyone who disagrees with you. What value does this add and what is your agenda? Don't say "to help investors" as you are clearly doing the opposite. "In my view LY management preferred to spend their time and money sponsoring cowes week rubbish whilst they trousered a hefty wedge." - As above, pointless negative speculation. This is not about being sanguine or bullish or anything else. It is about being objective. Fair points made and IMO, there is often a great deal of noise which is possibly turning the forum more into a chat area - like Facebook, speculation rather than being based on facts. Again, IMO, platforms (not just LY) have brought this speculation upon themselves. Many an investor got involved based upon promises, undertakings, etc back in c2013. They ‘boasted’ about their in-depth DD, on-going loan monitoring and experience in recovery procedures. Frankly most of this presentation was nothing short of total BS. Now in 2018 it’s all about action and not words. This apparent lack of action causes many an investor to go off at the deep end. Words alone will no longer suffice - something which many platforms fail to appreciate. The solution to this speculation is firmly in the hands of the relevant platforms. I have no wish to see any platform or other business fail. But please stop treating investors funds in a perceived cavalier manner and treat investors with the respect they deserve. For example, the continual can-kicking of what any reasonable adult would treat as a default situation simply so the platform can ‘boast’ no investor has ever lost a penny is nonsensical. A 6 month loan is to state the obvious a 6 month loan. Okay, maybe an extension may be warranted but there is a loan on another platform which is coming up to 1,000 days since inception. Investors will be taking a haircut on this one (including myself) but if the platform had acted in a more timely manner then that haircut would have been less severe. Any new business goes through a learning curve, I did when I owned one. But that learning curve involved my own money. Using other folks money, then there’s less of an incentive to learn than if it was your own hard earned cash. We’re long past the ‘grow up and mature date’ - most P2P investors have matured - but sometimes I wonder whether platforms have.
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Post by p2plender on Apr 30, 2018 11:31:40 GMT
Some might think that there is a degree of luring in more punters so that they can get out ?
All idle speculation of course
ho hum
I concur.
PS When/IF I see any improvement in the outlook for Lendy then I will change my stance. If negativity helps a potential investor from losing some or all of their investment then that is a good thing.
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Post by jackpease on Apr 30, 2018 11:45:11 GMT
I reckon the incessant Lendy negativity pushed people in the direction of Collateral.
Unthinking positivity on new platforms coupled with relentless negativity on established platforms makes this forum quite dangerous for novice investors.
Jack P
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Post by brightspark on Apr 30, 2018 13:32:24 GMT
Lendy only has to earn the respect of its investors and most of the negative sentiments expressed will subside.
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empirica
Member of DD Central
Posts: 326
Likes: 235
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Post by empirica on May 1, 2018 21:52:23 GMT
What is preventing Lendy from getting loans repaid, or if not, forcibly selling the properties quickly and getting the money they should? If nothing is preventing them from recovering the money, does this mean the management has become negligent? Lendy don't sell assets, Administrators do? And Administrators have a responsibility to parties other than just Lendy / Lendy's investors?? And that takes time??? (I don't know how accurate that is, hence the ???s)
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Post by patright on May 5, 2018 6:45:00 GMT
SERIOUSLY, this secondary market is not moving at all from what I am seeing
could take months to move on the queue while keeping all the risk and not getting paid a penny in interest
surely that's unfair and I am even wondering on how legal this is at this point
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rocky1
Member of DD Central
Posts: 1,139
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Post by rocky1 on May 5, 2018 17:53:00 GMT
The SM seems to be at a stand still at the moment.a lot of it is from the many recent new loans/tranches of same loans that are just not filling.looking at amount of investors over a lot of recent loans I would guess that lendy have barely a few thousand active investors at this time.it is almost impossible to sell anything so we can only watch as loans go to the IA/BA stages.
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