tx
Member of DD Central
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Post by tx on Apr 24, 2018 19:58:10 GMT
I have been in a few different non-performing loans and saw how investors voted in Lendy’s options. I must be honest that I like this voting function and feels investors have a say in the direction of how to proceed. I saw most of the options chosen are usually the quickest way to get capital back, losing interest and/or accrual would be secondary concern. That would be my choice too.
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xpubman1
Member of DD Central
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Post by xpubman1 on Apr 24, 2018 21:08:29 GMT
I have to agree, return of capital is paramount, the interest can hardly be a loss if it was never received.
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brianlom1
Member of DD Central
He's not the Messiah, he's a very naughty boy!
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Post by brianlom1 on Apr 24, 2018 21:21:40 GMT
The voting option is brilliant if your name is Tim or Liam, they get to choose the options (none of which ever involve Lendy taking a haircut)
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tx
Member of DD Central
Posts: 300
Likes: 127
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Post by tx on Apr 24, 2018 21:28:09 GMT
The voting option is brilliant if your name is Tim or Liam, they get to choose the options (none of which ever involve Lendy taking a haircut) That may be true, I guess they are not in it to lose money, they only to “manage”. And I guess, they already made their fees when the loan first come the platform and raised funds. In fact, if the platform is to lose money on every “non-performing”, I would get more worried. The platform itself maybe unstable and may collapse. Although it is unfair that the platform will not feel the pain on these loans, but to choose the less of the two evil, I would rather they at least be around to get the capital back for investors.
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Post by loftankerman on Apr 24, 2018 22:39:26 GMT
Given the amounts of money involved in all the defaults etc, is it likely that Lendy have the wherewithal to pursue them all to a successful conclusion? Even if motivated, it seems like a bit of a stretch to me.
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