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Post by gaspilot on Mar 31, 2019 18:49:09 GMT
Do you think Lendy provided the email addresses in electronic form or as a list on paper? Hopefully, the latter as it would require considerable time and effort to transcribe these. Also, the risk of a typographical error on one or more of these addresses is considerable.
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Mucho P2P
Member of DD Central
Posts: 946
Likes: 1,635
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Post by Mucho P2P on Mar 31, 2019 21:05:41 GMT
I’ve kind of being asking this question for a while but haven’t received an answer or don’t understand the answer. I’d imagine she’s unlikely to summons 5,000 people to court. It’s unlikely there’d be a trail with 5,000 defendants. What is most likely to happen? My thoughts were a single random lender (not Lendy) targetted as a defendant as his/her guilt could then be applied to all 5,000 of us. See my PM for reassurance.
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tommytaylor
P2P - The new wild west
Posts: 234
Likes: 375
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Post by tommytaylor on Apr 1, 2019 7:16:10 GMT
59 people viewing and no post. Have we all chewed our finger nails down then
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Post by texrichman on Apr 1, 2019 7:55:20 GMT
Hi Mucho,
Lurker of 5 years here, please could you provide me with this information via PM.
Much appreciated and kind regards.
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csj
New Member
Posts: 3
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Post by csj on Apr 1, 2019 8:05:03 GMT
Hi Mucho,
Like Lurker, I would also much appreciate a PM with that same relevant information.
I also have no more nails to chew!
Many thanks
csj
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Post by bl3nder on Apr 1, 2019 8:10:57 GMT
Lots of requests for PMs. Surely people can wait another 7hrs?
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csj
New Member
Posts: 3
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Post by csj on Apr 1, 2019 8:30:10 GMT
Pardon my ignorance but what is the significance of "only waiting 7 more hours" (as posted by bl3nder)
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voss
Member of DD Central
Posts: 153
Likes: 84
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Post by voss on Apr 1, 2019 8:41:20 GMT
Hi csj - Search this thread using '1 April' (no kidding!) and look at the latest entry in the hit list.
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tommytaylor
P2P - The new wild west
Posts: 234
Likes: 375
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Post by tommytaylor on Apr 1, 2019 8:48:45 GMT
She must have tongue rot by now licking all those stamps.
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travolta
Member of DD Central
Posts: 1,480
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Post by travolta on Apr 1, 2019 9:57:03 GMT
The pig is in the poke...oh sorry wrong thread.
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quidco
Member of DD Central
Posts: 294
Likes: 361
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Post by quidco on Apr 1, 2019 9:57:08 GMT
There's a lot of interest back payments the borrower is going to have to make
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zccax77
Member of DD Central
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Post by zccax77 on Apr 1, 2019 10:04:23 GMT
The borrower will not pay a penny and likely go bankrupt, that was the plan all along. You will pay the legal fees and then pay Lendy's accrued interest when the security is sold, whatever remains you will get. I am on the tiddler property where recovery is estimated at 50%, I expect a 20-25% recovery after fees. The only winners are Lendy and the borrower.
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quidco
Member of DD Central
Posts: 294
Likes: 361
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Post by quidco on Apr 1, 2019 10:10:55 GMT
The borrower will not pay a penny and likely go bankrupt, that was the plan all along. You will pay the legal fees and then pay Lendy's accrued interest when the security is sold, whatever remains you will get. I am on the tiddler property where recovery is estimated at 50%, I expect a 20-25% recovery after fees. The only winners are Lendy and the borrower. Yes I agree the borrower probably won't pay, I doubt they'll even need to go bankrupt given they're offshore; not sure it was the plan all along.
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rocky1
Member of DD Central
Posts: 1,132
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Post by rocky1 on Apr 1, 2019 10:32:29 GMT
why should we pay lendys legal fees.it is bad enough that they are taking fees and interest from this run down of bad loans which lendy are entirely responsible for bringing to the platform and leading lenders into.lenders getting shafted right till the end.well done again Liam/lendy.also still no breakdowns on where our money has gone on recent repayments.surely we have the right to know who is taking what.
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tommytaylor
P2P - The new wild west
Posts: 234
Likes: 375
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Post by tommytaylor on Apr 1, 2019 10:49:18 GMT
Can I request that if/when, the email arrives, a new thread is started. This one is too unwieldy. I’d start a new one myself but I wouldn’t want to cause, possibly unneeded, alarm. Its all yours Paul. I have carried the mantle for long enough. Take good care of her
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