jeremy12
Member of DD Central
Everything's frozen
Posts: 83 
Likes: 38
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Post by jeremy12 on Oct 30, 2018 20:21:42 GMT
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zlb
Member of DD Central
Posts: 1,422
Likes: 333
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Post by zlb on Oct 31, 2018 18:48:51 GMT
Other platforms will be keen to distance themselves from any possibility of vexatious claim. imo that doesn't make them immune to such persons. I personally don't think it's the fault of the platform that this has occurred.
Imo, yes, it's debatable that 12% covers the risk in this kind of property development, but it's not the only platform in this % bracket where there are valuation problems; yes there are dodgy borrowers (but where would we be without some kinds of risk?).
Imo it seems as if people want a scapegoat Ly. I don't see a value in destroying Ly. More knowledgeable lenders always offer the reality eg someone demands that the administrators are brought in, then someone points out the reality of that not being desirable.
The English legal system appears to be designed for tactics and deep unpleasantness. That is how it works, unfortunately.
Imo, I think there's a risk that people very derisory here, will cause it to take longer to recover my money, where there is already progress being made.
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