wuzimu
Member of DD Central
Posts: 236
Likes: 735
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Post by wuzimu on Oct 5, 2018 8:47:26 GMT
Getting fed up to put it mildly.... I now have no performing loans and 5 figures in there.... If I have a mortgage and I miss the payments, I lose the house..... why isn’t every non performing loan on the market for sale and every borrowers security being called in..... this business of negotiating doesn’t work as lendy appear to be incapable of getting even the slightest deal of any worth and if one even comes close we vote and ignore the result. Have I missed something here......
As that great poet Johnny Rotten once quipped .... Ever get the feeling you've been cheated? Good night!
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Post by p2plender on Oct 5, 2018 10:52:53 GMT
What's the odds on Lendy fronting a building business with Brookes controlling shareholder winning the contracts (to complete build outs) on all the many Lendy disaster loans??
May well be their new and only way of turning a dime having failed miserably as a p2p lending company.
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rocky1
Member of DD Central
Posts: 1,139 
Likes: 1,963
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Post by rocky1 on Oct 5, 2018 12:02:21 GMT
cowboy p2p platform is one thing.cowboy/dodgy build out firm could be.very good at extensions.personally i think they will get the xmas party out the way and then the scaffolding will come tumbling down.
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johnfleet
Member of DD Central
Posts: 170
Likes: 85
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Post by johnfleet on Oct 5, 2018 13:35:55 GMT
personally if I was offered 50 per cent of the value of my non-performing/defaulted/worthless loans, I'd bite the buyer's hand off .....
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orvilorvil
Member of DD Central
Posts: 67
Likes: 60
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Post by orvilorvil on Oct 5, 2018 14:57:20 GMT
personally if I was offered 50 per cent of the value of my non-performing/defaulted/worthless loans, I'd bite the buyer's hand off ..... Surely this would be a conflict of interest, if that mattered? Then again, if it got them finished........
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Post by cashmax on Oct 5, 2018 16:12:49 GMT
personally if I was offered 50 per cent of the value of my non-performing/defaulted/worthless loans, I'd bite the buyer's hand off ..... I understand it may well be possible to sell/transfer your investment to a 3rd party. Although Lendy have tried to make this difficult with an "administration" charge, I think there is a way to circumvent that. That was kind of the reason for starting this thread, to see what people's expectation was - 50% is a reasonable expectation for defaulted loans I would think.
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