tombraider
Member of DD Central
Posts: 117 
Likes: 103
|
Post by tombraider on Oct 22, 2018 12:06:30 GMT
I think a variable secondary market might be detrimental at the moment. Like stock markets we see participants go from exuberant to despair. Some of the current loans I believe would end up going for exceptionally cheap rates, like some of the ones we saw at Bondora. . If I'm a seller because I'm buying a house/retiring/need an operation/dying/dead etc etc, I don't care who the 'beneficiaries' (entirely subjective btw) are. I do care if I, or my heirs, are stuck in an investment until the twelfth of never because platforms wont recognise reality. I think a lot of Lendy investors just want to leave the platform. to be given the option would be a great help. If Lendy wealth benefits then great. the main thing for me is I am away with parity in my investments taking into account interest payments and yes a 30% discount would be enough for that
|
|
|
|
Post by patright on Oct 23, 2018 4:23:32 GMT
How about receiving emails from Lendy about great news of partial repayment for a loan, you even get thanked for having invested in it
then you log in to your account and find out what you had suspected reading said mail...you were not even invested in it
Happened to me last week..
it's going from bad to worse and nothing meaningful is getting repaid, only updates that seem to go full circle between, a deal, court, back to a deal and for months (even years) on end...
unbelievable, this calls for a class action at some point to force Lendy to sell whatever is possible at a loss since most of the time voters want to exit it seems
|
|
hazellend
Member of DD Central
Posts: 2,363
Likes: 2,180
|
Post by hazellend on Oct 23, 2018 8:14:09 GMT
How about receiving emails from Lendy about great news of partial repayment for a loan, you even get thanked for having invested in it then you log in to your account and find out what you had suspected reading said mail...you were not even invested in it Happened to me last week.. it's going from bad to worse and nothing meaningful is getting repaid, only updates that seem to go full circle between, a deal, court, back to a deal and for months (even years) on end... unbelievable, this calls for a class action at some point to force Lendy to sell whatever is possible at a loss since most of the time voters want to exit it seems Class action? You’ve been watching too much American tv!
|
|
|
|
Post by patright on Oct 23, 2018 14:38:26 GMT
How about receiving emails from Lendy about great news of partial repayment for a loan, you even get thanked for having invested in it then you log in to your account and find out what you had suspected reading said mail...you were not even invested in it Happened to me last week.. it's going from bad to worse and nothing meaningful is getting repaid, only updates that seem to go full circle between, a deal, court, back to a deal and for months (even years) on end... unbelievable, this calls for a class action at some point to force Lendy to sell whatever is possible at a loss since most of the time voters want to exit it seems Class action? You’ve been watching too much American tv! I was indeed raised in the US but even my home country of France has class actions now (more restrictive than the US though), are you saying there is no such thing in the UK? However, some people watch TV and some people simply travel..
|
|
|
|
Post by shyinvestor on Oct 24, 2018 9:18:01 GMT
"Investors and platforms uneasy over Lendy loanbook" - This is the headline of an article in Peer2Peer Finance News today. Clearly, the problems at Lendy are attaining some prominence.
|
|
|
|
Post by patright on Oct 25, 2018 3:45:10 GMT
|
|
m2btj
Member of DD Central
Posts: 632
Likes: 773
|
Post by m2btj on Oct 25, 2018 14:12:05 GMT
|
|
