jomantha
Member of DD Central
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Post by jomantha on Jan 1, 2019 10:30:18 GMT
Fact or fiction.
Is there any hope we will see some or any of our money.
Will any interest be paid.
Will the London Loan Saga be resolved.
Will we ever find out why loans were mysteriously suspended.
Will a surveyor get sued for bad valuations.
If it wasn't people's lives and savings being played with it would make a great drama.
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trevor
Member of DD Central
Posts: 557 
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Post by trevor on Jan 1, 2019 11:34:47 GMT
The fact that it is real people's money makes it a real life drama!
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Post by loftankerman on Jan 1, 2019 15:13:10 GMT
Yawn! Happy New Year anyway folks.  |
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Post by investor1925 on Jan 1, 2019 16:43:26 GMT
Just did a quick scan of all my Lendy loans.
There is only 1 loan now paying interest, amounting to 1.63% of my 5 figure portfolio.
I expect that I'm not alone
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jomantha
Member of DD Central
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Post by jomantha on Jan 1, 2019 17:46:45 GMT
The fact that it is real people's money makes it a real life drama! Yes quite a lot of mine. Never again. I've remortgaged for a loft conversion and it's in premium bonds til it needs paying out.
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jcb208
Member of DD Central
Posts: 838
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Post by jcb208 on Jan 1, 2019 17:57:52 GMT
My last 2 were suspended in December so no interest for me this month
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rocky1
Member of DD Central
Posts: 1,139
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Post by rocky1 on Jan 1, 2019 18:07:25 GMT
Yes same here nearly £50k earning sod all. Go back as far as R..or energy what a joke that one is.yes P2P is not really what it appears to be.hopefully LY FS MT and a few others can sort some of this mess quickly enough this year as I cannot see many new investors risking their money with these platforms so no new money to keep them going.does not look to good for 2019 I expect to lose many thousands of pounds this year.so life still goes on and will not lose sleep or worry to much as there is nothing I can do except wait.
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Post by robberbaron on Jan 1, 2019 18:41:13 GMT
I feel sorry for the folks with a lot of money earning no interest and likely at least partially lost. I left the platform a year ago (only a low 3 figure stuck in defaulted loans) and I had no idea it had gotten so bad in the meantime.
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Post by brightspark on Jan 1, 2019 20:49:33 GMT
The situation is very bad for those heavily invested but could get much worse should Lendy shut up shop. i also have a relatively small sum invested so can be phlegmatic. If I had many thousands at risk I would be taking legal advice and perhaps joining with other larger investors to pressure Lendy to come forward with constructive plans for the loans in which involved. Sitting on the sidelines is not really an option.
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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 Jan 2, 2019 3:38:32 GMT
I feel sorry for the folks with a lot of money earning no interest and likely at least partially lost. I left the platform a year ago (only a low 3 figure stuck in defaulted loans) and I had no idea it had gotten so bad in the meantime. Stuck in a defaulted loan.. My you are lucky rarely do Lendy actually formally default loans they just forget about them.. For those saying the loans not earning interest, they are just not paying interest into your account. I’ve had a good few pay +bonus . Currently updates show more proactive involvement which I hope results in resolution of loans >2 years late the others should follow in order until all either repayed or resolved to allow offset by April.
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Post by spareafewcoppersguv on Jan 2, 2019 9:05:36 GMT
This needs a new blockbuster approach. Send in Liam (Neeson). We've all been well and truly taken! Or Denzel Washington. We need and Equalizer.....
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adrianc
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Post by adrianc on Jan 2, 2019 9:12:04 GMT
Is there any hope we will see some or any of our money. My most recent repayment of capital was 21st Dec. Yes, today. Just over half of my loans are "good". Considering how few new loans there's been lately... Given the reduction in balance due to repayments over recent months, my "non-performing" loans are about a third of my peak investment. Most of the rest are nearing conclusion, going by the updates. Yes. But probably not soon. We did on the 21st. Several are being, and have been being for months.
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Post by picanto on Jan 2, 2019 10:14:38 GMT
My last 2 were suspended in December so no interest for me this month The suspended loans still get interest paid at the end of the month providing they are IOA don't they? Apart from the sheds I haven't heard anything different.
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Post by highlandtiger on Jan 2, 2019 11:05:05 GMT
I pulled most of my money from P2P over a year ago. Not through astute financial thinking,but because I needed the cash for an unforeseen circumstance. Sadly though my one remaining few quid in P2P is in the infamous London loan. Oh well, time to hide the rest of my cash under the bed, just in case |
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jomantha
Member of DD Central
Posts: 177
Likes: 63
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Post by jomantha on Jan 2, 2019 13:46:54 GMT
Will we ever find out why loans were mysteriously suspended.
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