Post by sussexlender on Dec 7, 2018 21:57:34 GMT
Reality check 07.12.2018
Zero (0) Pipeline loans
33 Live loans with £279 m asset value and £88m provided to borrowers (5 partially repaid)
35 Admitted Non performing loans - mainly at 12 % with between 2.22 - 2.96 % bonus interest (not guaranteed).
204 days = shortest failure to make repayment of capital and any interest.
814 days = longest failure to make any repayment of capital and any interest.
£159m - Claimed asset values of the Non performing loans, based on the Lendy valuations accepted by them and then used to promote these 35 loans to investors.
£82,949,441 Amount currently admitted as outstanding / over 120 days failure by the borrower to make any repayments on the 35 loans.
£9,953,932 At 12% pa = the amount due to investors by way of interest payable on a full 12 month loan period (not including Capital repayments).
£829,494. Assuming 12% pa = average monthly amount of the interest due on these 35 loans that Lendy has failed to collect and pay to investors just this month.
PS No interest paid on any of my loans this month. The weak management team at Lendy simply continue to accept any old excuses from the numerous borrowers for a failure to make payments.
Zero (0) Pipeline loans
33 Live loans with £279 m asset value and £88m provided to borrowers (5 partially repaid)
35 Admitted Non performing loans - mainly at 12 % with between 2.22 - 2.96 % bonus interest (not guaranteed).
204 days = shortest failure to make repayment of capital and any interest.
814 days = longest failure to make any repayment of capital and any interest.
£159m - Claimed asset values of the Non performing loans, based on the Lendy valuations accepted by them and then used to promote these 35 loans to investors.
£82,949,441 Amount currently admitted as outstanding / over 120 days failure by the borrower to make any repayments on the 35 loans.
£9,953,932 At 12% pa = the amount due to investors by way of interest payable on a full 12 month loan period (not including Capital repayments).
£829,494. Assuming 12% pa = average monthly amount of the interest due on these 35 loans that Lendy has failed to collect and pay to investors just this month.
PS No interest paid on any of my loans this month. The weak management team at Lendy simply continue to accept any old excuses from the numerous borrowers for a failure to make payments.
