|
|
Post by justplayin on Jul 29, 2018 11:04:07 GMT
Brillaint idea to make the folks at Lendy pack their bags and swan off abroad and I wouldnt blame them, you have to remember the cost to Lendy would be just their income, the cost to the Lenders, like yourself, is what you should be thinking of.
I suspect many folks have non performing loans but then thats the nature of P2P if you think otherwise put your money in main stream banking.
|
|
|
|
Post by harryvederci on Jul 29, 2018 11:14:58 GMT
Oh the irony.
The One Show ran an episode in March 2015 featuring Mr PBL056/064 and his farm repo's, focussing on a Welsh family farm where the debt ratcheted from £1m to £3m within a year on rolling 3 month bridging loans & the subsequent eviction. Highlight was when the TV crew 'raided' tin shed, the staff all ducked for cover and went to ground behind the front desks.
While 'tin shed the sequel' would no doubt make for great TV on the heist being switched from borrowers to lenders courtesy of a naive & gullible Ly at the time, all it would achieve is a large dose of public schadenfreude backfiring on investors - 12% return really??
Its water under the bridge but Ly were warned about this man and all the parliamentary/media exposures well in advance of the loans drawing down, which they chose to ignore (the notorious 'all that matters is the security'). Hopefully Ly is a different animal now.
Locked in Ly investors have enough to contend with without the media rubbing their noses in it.
|
|
zlb
Member of DD Central
Posts: 1,422
Likes: 333
|
Post by zlb on Jul 29, 2018 14:07:23 GMT
I run a post production company in the North West. We mainly work in the music business for major record labels but from time to time we work in the broadcast TV industry supplying post production for various content providers and providing compliance for TX broadcast. We are also an accredited BBC transfer house. BBC "The One Show" is one of my clients, we have provided " VT packages" for many different items featured on the show. A few of my clients are commissioning editors as are a few friends of mine. Nightmare Neighbours, Cash Strapped Families, The Butcher Surgeon etc. You get the picture. I have heavily invested in Lendy and as it stands have almost £50k in non performing loans. I know for a fact my friend at channel 4 would be all over this. It would probably undo most of the PR Lendy have built up could cost us/them an awful lot. Cowes week is coming up and that would be a perfect time for a camera crew to visit. Thoughts please. It would certainly bring in income for my business as I'd be freelancing as a consultant and supplying post prod facilities but would it get help or hinder? Blue light TV all the way...Is it time? I can see why you'd be tempted, and I think it's fair to test opinion here. You've identified yourself that there would be a cost. I think many would like to dig out what is going on, esp if the borrower is paying approx 30% to L and others. It's possibly a project for the future, as suggested by another, tie it in with new rules. I'd rather see more on the TV about the poor environmental track record of successive governments, how they have dodged the issue. They've recently claimed glory for the reduction in plastic bags, when that was from an EU directive. What would the corollary be of investigating who owns property in the UK/London and what that's doing to housing costs... In the mean time. Would that knock p2p down, or would it highlight its value for British builders and developers... That p2p is enabling something, if only it worked better... Maybe this is a niaive question...
|
|
|
|
Post by supernumerary on Jul 29, 2018 20:25:40 GMT
Thoughts please. It would certainly bring in income for my business as I'd be freelancing as a consultant and supplying post prod facilities but would it get help or hinder? Blue light TV all the way...Is it time? IMHO, it would NOT be helpful... Especially if it is a 'hit piece', along the lines of 'Nightmare Neighbours, Cash Strapped Families, The Butcher Surgeon etc', none of which I would personally watch... The energy and time that Lendy are using to pursue and recover the bad debtors for lenders is the most paramount. A programme that you are envisaging/proposing would IMHO, be a distraction to those efforts and could be detrimental and ultimately harmful to lenders on the platform. You did ask for opinion.
|
|
trevor
Member of DD Central
Posts: 557 
Likes: 381
|
Post by trevor on Jul 29, 2018 21:19:32 GMT
As lenders we need to encourage Ly to recover the "non performing loans". Anything that distracts them is not in our interest. It's a bad idea.
|
|
dovap
Member of DD Central
Posts: 467
Likes: 410
|
Post by dovap on Jul 29, 2018 22:56:26 GMT
Great idea - could pop along to Cowes when the ly boys will be having down time from their relentless pursuit of defaults anyway.
Perhaps get the 'Can't pay' or 'send in the bailiffs' stars to pop round to interview some of the more colourful borrowers:
tin shed, chalet, wolves etc etc
tv gold
|
|
|
|
Post by p2plender on Jul 30, 2018 0:25:33 GMT
I think it would of course be a resounding 'yes' once people have gotten their money off the platform. That of course could well be never.
|
|
TheDriver
Member of DD Central
Slightly bonkers
Posts: 493
Likes: 190
|
Post by TheDriver on Jul 30, 2018 8:18:00 GMT
Or maybe more interesting once we have an admission we are NOT getting all the money back, which seems more likely at the mo!If DFL167 etc is a sign of things to come I'm not optimistic, although timescales would probably be similar.
|
|
|
|
Post by portlandbill on Jul 30, 2018 10:32:42 GMT
The general concensus here seems to be that Lendy are spending all their time trying to recover lost funds and shouldn't be distracted from that task. Really?
|
|
TheDriver
Member of DD Central
Slightly bonkers
Posts: 493
Likes: 190
|
Post by TheDriver on Jul 30, 2018 10:51:29 GMT
I think it's more a case of that's what investors hope L would be doing!
|
|
|
|
Post by loftankerman on Jul 30, 2018 11:17:30 GMT
I suppose the only difference between the SS Lendy being torpedoed now or being steered onto the rocks in the future is that the casualty list may be a bit different. Wrong place, wrong time, such is life.
|
|
sj
Member of DD Central
Posts: 229
Likes: 330
|
Post by sj on Jul 30, 2018 13:16:40 GMT
Or, maybe the threat of an exposé will motivate Lendy into action on some of their "non-performing" loans and do some long overdue arse-kicking of wayward borrowers. Otherwise we hit them where it hurts.
If you're in a non-performing loan then this action might be positive for you. If you're in a sales queue the chances are it's so slow moving that you're stuck in the loan forever anyway. If you're in a loan that is actually active and not selling, then you're obviously happy to stay in it for now. If you think you won't be in future then sell out now. Or if you're happy with the security and progress (if a DFL), then the action won't affect you anyway.
|
|
rocky1
Member of DD Central
Posts: 1,139
Likes: 1,963
|
Post by rocky1 on Jul 31, 2018 5:15:41 GMT
you could always cover lendys cowes week and film the sales pitches and marketing and maybe a couple of interviews with lendy and borrowers/ lenders. for posterity or future use as i do not believe lendy will be there next year [ i hope i am wrong]
|
|
|
|
Post by nyquest on Jul 31, 2018 22:21:48 GMT
To clarify.
I have £72k stuck in Lendy. Earns £120 a month in interest due to the non performers.
All programmes of a contentious nature are run through media lawyers before TX clearance and being green lit / programmed in.
|
|
|
|
Post by ColinR on Aug 1, 2018 15:22:36 GMT
Honestly, I would take this post down, nyquest, for your own protection as much as any thing.
We know Lendy staff read - and sometimes post - here, and the existence of a plan for a "Get Lendy" TV show from a disgruntled investor (however right you are to be disgruntled - I am too!) is going to be the perfect defence for Lendy against such an expose.
I don't think it's a bad idea, if such a show can be done and is ethical and legal and so on, but by talking about it you potentially discredit it.
|
|
