zlb
Member of DD Central
Posts: 1,422
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Post by zlb on Dec 3, 2018 23:36:54 GMT
Mr_N, I think you need to read your original posts and the tone of them and understand why they may have been seen as offensive by some. I've not ridiculed you, and I can't see where anyone else has. I'm standing up for my right to not be represented by you, as you otherwise appear to think that you have the voice of all participants. No one is forcing you to co-sign the letter, clearly it was specifically aimed at those who want to. Sometimes I think people just skip through threads and come to the conclusion they wanted before they started reading. Pages and pages of users posting "dislike" without setting out their reasons is hardly courteous is it? Neither are people making comments attempting to rubbish the OP by calling him inexperienced, this, that and the other. Intriguing. I've personally not engaged in any of the behaviour you refer to.
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Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
Posts: 2,011 
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Post by Godanubis on Dec 4, 2018 0:51:51 GMT
£56.60 interest this month on £110,000. Never mind more radical action. Some action would be nice.
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bloodycat
Member of DD Central
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Post by bloodycat on Dec 6, 2018 9:39:04 GMT
I recieved a(nother) phone call last night trying to drum up support for Lendy Wealth. Obviously I'm not going to tie up any more of my hard earned cash until I see real evidence of improved due diligence, monitoring and recoveries- I'm not just going to take their word for it.
Summary of their response: Recoveries: They expect to be releasing significant positive information on these over the next few weeks.
New loans: They aren't offering us new loans ( so we can't judge the quality of these new loans) as they can't fill loans already offered to us - I did point out that the reason they can't fill them is because they are only offering us further tranches of loans we are already fully/over exposed to and what we need is diversification.
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Mucho P2P
Member of DD Central
Posts: 946
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Post by Mucho P2P on Dec 6, 2018 9:47:33 GMT
I recieved a(nother) phone call last night trying to drum up support for Lendy Wealth. Obviously I'm not going to tie up any more of my hard earned cash until I see real evidence of improved due diligence, monitoring and recoveries- I'm not just going to take their word for it.
Summary of their response: Recoveries: They expect to be releasing significant positive information on these over the next few weeks.
New loans: They aren't offering us new loans ( so we can't judge the quality of these new loans) as they can't fill loans already offered to us - I did point out that the reason they can't fill them is because they are only offering us further tranches of loans we are already fully/over exposed to and what we need is diversification.
Exactly !!!! Give us new loans and we consider filling new QUALITY loans.
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GeorgeT
Member of DD Central
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Post by GeorgeT on Dec 6, 2018 11:05:56 GMT
I recieved a(nother) phone call last night trying to drum up support for Lendy Wealth. Obviously I'm not going to tie up any more of my hard earned cash until I see real evidence of improved due diligence, monitoring and recoveries- I'm not just going to take their word for it.
Summary of their response: Recoveries: They expect to be releasing significant positive information on these over the next few weeks.
New loans: They aren't offering us new loans ( so we can't judge the quality of these new loans) as they can't fill loans already offered to us - I did point out that the reason they can't fill them is because they are only offering us further tranches of loans we are already fully/over exposed to and what we need is diversification.
Exactly !!!! Give us new loans and we consider filling new QUALITY loans. I'm not sure they could even fill gold plated new loans. The brand image / reputation is tarnished. I'd need to see 2 years of top class performance before I'd even consider investing another pound. Platform failure is the big risk and we know from COL that is not an experience to invite into your life.
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Post by nyquest on Dec 6, 2018 11:30:44 GMT
With £68k invested & interest payments now down to £14 per month they had better not call me. As for them "expecting" to be releasing significant positive information on recoveries, p*ss up and brewerey come to mind.
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rocky1
Member of DD Central
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Post by rocky1 on Dec 6, 2018 11:53:30 GMT
plenty of incentive for lendy to sort out recoveries. they take their cut from anything repaid and with now over £100 MILLION of lenders[our] funds in IA, SUS, NON PERFORMING AND CLAIMS UNDERWAY and growing by the month they must be feeling sick at their own inability.i hope lendy can stay around long enough to salvage something back from all of these loans.as for funding tranche after tranche of the current loans,now we know lendys and borrowers attitude towards lenders it is not going to happen.repayments need to start coming in pretty soon.
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Post by portlandbill on Dec 6, 2018 12:49:57 GMT
Interesting email just received from Lendy - they might be listening after all?
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sj
Member of DD Central
Posts: 229
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Post by sj on Dec 6, 2018 12:53:10 GMT
Nah, more like "please stop telling the press and the internet in general about how awful we are at looking after your money, oh look here's a new BS email to try and keep you happy". I say we keep on the pressure until we see RESULTS
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nyneil
Member of DD Central
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Post by nyneil on Dec 6, 2018 14:35:43 GMT
Interesting email just received from Lendy - they might be listening after all? I do hope so. At least it shows they are reading the forums and hearing what people think; it's very much to their advantage to show they are going to improve procedures and communication (and ours too.) This won't be a 5 minute job, so i'm prepared to be patient, but give them a poke if things aren't improving.
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Post by hammertime on Dec 6, 2018 16:30:15 GMT
Hi. sorry to here what has happened at Lendy as i am with A/C.But what went wrong?
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Mucho P2P
Member of DD Central
Posts: 946
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Post by Mucho P2P on Dec 6, 2018 17:23:51 GMT
Interesting email just received from Lendy - they might be listening after all? I do hope so. At least it shows they are reading the forums and hearing what people think; it's very much to their advantage to show they are going to improve procedures and communication (and ours too.) This won't be a 5 minute job, so i'm prepared to be patient, but give them a poke if things aren't improving. Not wishing to be the doom-monger, a leopard does not change its spots. L had AMPLE time to get to grips with the issues, it's not like they were not emailed enough, nor saw the number of disgruntled lenders on the forums and TP. I really think that it is either financial or regulatory pressure that provoked this afternoons email, not a change of heart, although I wish it was, so let us see the new L in 2019...................
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shimself
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Post by shimself on Dec 6, 2018 19:58:17 GMT
Hi. sorry to here what has happened at Lendy as i am with A/C.But what went wrong? An enormous amount of their loans have not repaid on time, and lenders fear that many of them will never repay in full
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Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
Posts: 2,011
Likes: 1,013
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Post by Godanubis on Dec 7, 2018 9:38:06 GMT
Hi. sorry to here what has happened at Lendy as i am with A/C.But what went wrong? An enormous amount of their loans have not repaid on time, and lenders fear that many of them will never repay in full Everyone always thinks the worst Brexit example.. Every P2P has the impatient investors moaning if they have to wait. With hundreds of thousands in P2P for years my overall return >15% but I do spend a lot of time managing it. Stick to non property person to person loans like Welendus For on time interest payments and no capital loss if you want an easy time. Anyone else count loans as 24 months and put<1% in any loan and you will make a profit.(eventually) lendy need a secondary market that allows discount selling
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sydb
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Post by sydb on Dec 11, 2018 22:23:00 GMT
Anyone else count loans as 24 months and put<1% in any loan and you will make a profit.(eventually) You mean 24months after the loan stops being repaid? So, for a loan with an original 12month term, don't be surprised if money is tied up for 36months?
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