Jeepers
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Post by Jeepers on Jul 11, 2018 13:06:29 GMT
Does that cover everything then? Plenty of questions have been asked regarding the offer on DFL004. It doesn't cover everything but i can't talk about specific loans I'm afraid Jeepers. And why's that? The borrower is well aware of the offer, Lendy is well aware of the offer so why are those putting up the cash left in the dark? The priority should be recovering loans, not looking for praise on FCA approval and removing all trustpilot reviews below 4 stars. EDIT: And Paul's gone back in his box...
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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
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Post by ilmoro on Jul 11, 2018 13:23:24 GMT
I don’t really understand your point. So far, I’ve lost nothing on either platform but I’d currently gauge the chances of my losing money on COL (who weren’t FCA authorised despite claiming they were) rather higher than on Lendy. Whatever you think of the FCA, or Lendy for that matter, obtaining full FCA authorisation is a massive amount of work and is a huge milestone for any regulated financial business. I think that deserves congratulating. Also it should now free up some of Lendy’s resources and time to focus on the rest of the business. Well after all the fully justified criticism which has been directed at Lendy over a long time concerning (among others) the two Exeter loans, I am amazed to see, to judge from most of the last few posts, that Lendy is now top-of-the pops. Speaking for myself, the Exeter loans look likely to result in my largest P2P losses so far on any platform, so full FCA authorisation doesn't greatly impress me. The irony is that Collateral, even though it has fallen foul of FCA regulations had caused me no losses. It may do so now only as a direct consequence of FCA intervention. OK, so now Lendy has FCA authorisation. I don't see that it means they will be any better at initiating loans and running the loan book. No but it does mean that a) the FCA arent going to shut the platform down which is what they could have done if Lendy application failed (as IP would be invalid) leaving us in Collateral style limbo, b) if the platform does fail Lendy runoff plan would unlikely be subject to FCA intervention as they have signed it off so none of the Collateral uncertainty.
Despite Lendy failings in many areas, authorisation is a positive step and occassionally its nice to be a little positive and even offer a little praise in amongst all the moaning & criticism.
Sun's out, England are in a World Cup semi final so we can have a one positive day at least surely.
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hazellend
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Post by hazellend on Jul 11, 2018 13:44:28 GMT
Good news. Onwards and upwards.
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Post by picanto on Jul 11, 2018 14:23:42 GMT
This is all good news and well done Lendy, but we need some loan repayments for me to go back to being cheerful. It's been nearly a month now since the last full loan repayment so any news on any possible upcoming loan repayments? Paul70 |
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jcb208
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Post by jcb208 on Jul 11, 2018 14:52:20 GMT
Yes well done Lendy Hope the business grows, even though I have reduced investments considerably with you I may invest in smaller projects If the right ones come up
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Post by p2plender on Jul 11, 2018 15:18:10 GMT
Bizarre thread. It's akin to a new driver just passing his driving test smashing up his car, then being praised for passing his test.
Nothing to see here but in keeping up with the thread, well done Lendy.
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sj
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Post by sj on Jul 11, 2018 15:24:45 GMT
*SLOW HAND CLAPPING*
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averageguy
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Post by averageguy on Jul 11, 2018 15:24:54 GMT
Good news. Onwards and upwards. Lala land springs to mind
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Post by thecleaner on Jul 11, 2018 15:35:26 GMT
It doesn't cover everything but i can't talk about specific loans I'm afraid Jeepers . And why's that? The borrower is well aware of the offer, Lendy is well aware of the offer so why are those putting up the cash left in the dark? The priority should be recovering loans, not looking for praise on FCA approval and removing all trustpilot reviews below 4 stars. EDIT: And Paul's gone back in his box... That pretty much sums it up in my view
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Post by scerbera on Jul 11, 2018 17:08:51 GMT
And why's that? The borrower is well aware of the offer, Lendy is well aware of the offer so why are those putting up the cash left in the dark? The priority should be recovering loans, not looking for praise on FCA approval and removing all trustpilot reviews below 4 stars. EDIT: And Paul's gone back in his box... That pretty much sums it up in my view I am sure that Paul has now resumed staring at trust pilot for the foreseeable, why answer any pertinent questions on here when you can click remove elsewhere. Can I have a job Lendy as a board representative? I will follow company policy and not answer anything at all worth while, I assume that must be the no 1 requirement in the job description.
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scraggs
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Post by scraggs on Jul 11, 2018 17:24:14 GMT
It's also good to see Lendy engaging on this forum again  Indeed Even if it is to blow smoke up their own @rse
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boundah
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Post by boundah on Jul 11, 2018 17:58:42 GMT
Tremendous to see Lendy Support finding the time to thank individually everyone who congratulates them. Maybe they could look back through the forum and see if there are any questions they might have inadvertently missed? |
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orvilorvil
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Post by orvilorvil on Jul 11, 2018 21:52:21 GMT
Tremendous to see Lendy Support finding the time to thank individually everyone who congratulates them. Maybe they could look back through the forum and see if there are any questions they might have inadvertently missed? Apparently they cant communicate on loans publically. Who are we? Some Tom, Dick and Harry down the pub or the ones funding these loans and keeping Lendy afloat? Funny how sites like Assetz can release full details of each IMS report etc but Lendy can’t say a thing...
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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
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Post by ilmoro on Jul 11, 2018 23:43:25 GMT
Tremendous to see Lendy Support finding the time to thank individually everyone who congratulates them. Maybe they could look back through the forum and see if there are any questions they might have inadvertently missed? Apparently they cant communicate on loans publically. Who are we? Some Tom, Dick and Harry down the pub or the ones funding these loans and keeping Lendy afloat? Well given we're all anonymous behind aliases we could all be Tom, Dick or Harry down the pub ... in fact many of my posts are made down the pub though Im not a Tom, Dick or Harry. Many platforms have largely ceased commenting on loan specifics here.
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withnell
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Post by withnell on Jul 12, 2018 6:52:35 GMT
Many platforms have largely ceased commenting on loan specifics here. I guess the difference is that that platforms I have most confidence around putting more cash into either do comment with sometimes general but helpful information, or they very quickly get an update added to the loan page on their own site so that all investors have the most up to date information, not a copy-paste update on a clockwork cycle
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