TenKay
Member of DD Central
Posts: 144
Likes: 117
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Post by TenKay on Aug 30, 2018 8:42:17 GMT
looking at their staff page,of the twenty odd listed it only appears they have two people involved in debt recovery, the rest are just head of something or other
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Post by portlandbill on Aug 30, 2018 12:13:45 GMT
"But there is circa £100M in default."Any idea if the PF will cover most of this? :rolllaugh: :rolllaugh: :rolllaugh:
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sussexlender
Member of DD Central
Cheat seeking missile
Posts: 550 
Likes: 916
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Post by sussexlender on Aug 30, 2018 18:34:49 GMT
The original post to this thread is Lendy's public boast.
To be more accurate their claim should be amended to add .."but a vast amount of investors money is stuck in vastly over due non interest paying loans ".
Lendy = Cashgone.
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Mucho P2P
Member of DD Central
Posts: 946
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Post by Mucho P2P on Nov 29, 2018 15:31:29 GMT
Let the ombudsman/FCA know your concerns. I've reminded the FCA on several occasions they granted Lendy 'FCA approval'. Won't look good on their part in the future if the platform was to fail. Not only it wont look good, it will look really bad if it fails within a year of gaining full FCA authorisation.
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Post by charliebrown on Nov 30, 2018 11:20:28 GMT
Let the ombudsman/FCA know your concerns. I've reminded the FCA on several occasions they granted Lendy 'FCA approval'. Won't look good on their part in the future if the platform was to fail. Not only it wont look good, it will look really bad if it fails within a year of gaining full FCA authorisation. FCA approval simply means the platform operates within the rules. It doesn’t mean the platform is run by competent people, it doesn’t mean the platform offers good loans, it doesn’t mean you won’t lose money and it doesn’t mean the platform will not go under. If, in fact, all these things were to happen the FCA wouldn’t give 2 poos.
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Mucho P2P
Member of DD Central
Posts: 946
Likes: 1,635
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Post by Mucho P2P on Nov 30, 2018 13:47:00 GMT
Not only it wont look good, it will look really bad if it fails within a year of gaining full FCA authorisation. FCA approval simply means the platform operates within the rules. It doesn’t mean the platform is run by competent people, it doesn’t mean the platform offers good loans, it doesn’t mean you won’t lose money and it doesn’t mean the platform will not go under. If, in fact, all these things were to happen the FCA wouldn’t give 2 poos. Lendy has 4 individuals who currently hold "approved status" by the FCA and as such have assigned "CF - Controlled Functions" as per FCA regs, which means the 4 individuals have a clean credit history and are able to do their job in the eyes of the FCA. The FCA do hot hand out CF numbers to those that have no experience, nor qualifications in the area that they operate in. I maintain that L failing within a year of gaining full authorisation will look bad. I never said the FCA would care! All else I agree with you.
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rocky1
Member of DD Central
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Post by rocky1 on Nov 30, 2018 14:07:35 GMT
well what are the rest of the lendy team qualified at/in?try to keep the language clean please in responce.
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Mucho P2P
Member of DD Central
Posts: 946
Likes: 1,635
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Post by Mucho P2P on Nov 30, 2018 14:13:02 GMT
well what are the rest of the lendy team qualified at/in?try to keep the language clean please in responce. Very funny, how about "no comment!!!".
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