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Post by baronhardup on Jan 26, 2019 10:30:53 GMT
Good to see that the Enhanced Recovery Team has leapt into action. (NOT)!!
Just been through my long list of defaulted loans only to find that NOT ONE OF THEM has an update more recent than 10/1/19.
Not only have they not been updated but all but a handful are still showing the irritating corporate-speak "Following on from both the last monthly update, and the Enhanced Recovery Update sent out before Christmas ..." blah, blah, blah. My God, is anything happening at all?
Or am I supposed to understand that when Lendy says "last monthly update" they mean there is only going to be monthly updates from now on? Presumably the Enhanced Recovery Team is so busy doing Enhanced Recovery that they don't have the time to keep us informed!!
Grrrrr, Lendy - the sooner I'm out the better. As a Pompey lad myself, I'm ashamed of you.
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adrianc
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Post by adrianc on Jan 26, 2019 11:06:29 GMT
Just been through my long list of defaulted loans only to find that NOT ONE OF THEM has an update more recent than 10/1/19. And what did that update say? We will provide a detailed update as soon as we can and in any event on or before the next monthly update at the end of January 2019.When was it last (routinely) anything more frequent?
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Post by baronhardup on Jan 26, 2019 11:27:58 GMT
Last year I was checking the updates on my loans every weekend. I still am. OK, there wasn't much in the way of resolution but at least it was worth looking because there was usually something in the way of updates. NOT ANY MORE is my point.
Is that alright with you?
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adrianc
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Post by adrianc on Jan 26, 2019 11:32:12 GMT
NOT ANY MORE is my point. But that point is, quite simply, wrong. There hasn't been a January update other than "We're having a fresh look at all this, and the next update will be more informative". That's all. If the February update is not informative, as promised, then I'm with you on the barricades. But, until then... Meanwhile, it does look as if actual action is being taken, given the very recent administrator appointments and sale listings discussed in other threads.
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Post by baronhardup on Jan 26, 2019 11:50:49 GMT
But that point is, quite simply, wrong. Really! On my stock of non-performing loans the 10/1/19 and the 3/12/18 updates say basically nothing. Granted, 3 or 4 say something like 'negotiations are continuing' but essentially nothing has changed since the November updates.
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SteveT
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Post by SteveT on Jan 26, 2019 13:36:20 GMT
Last year I was checking the updates on my loans every weekend. I still am. Lendy announced on 31/8/18 that updates henceforth would be monthly, so checking your loans every weekend seems likely to disappoint.
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adrianc
Member of DD Central
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Post by adrianc on Jan 26, 2019 14:08:52 GMT
On my stock of non-performing loans the 10/1/19 and the 3/12/18 updates say basically nothing. Granted, 3 or 4 say something like 'negotiations are continuing' but essentially nothing has changed since the November updates. Yes, everybody complained (rightly) about the old recovery situation. That's why they're (apparently) putting the new team in place. Let's give 'em a chance, eh?
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Post by loftankerman on Jan 26, 2019 15:01:36 GMT
On my stock of non-performing loans the 10/1/19 and the 3/12/18 updates say basically nothing. Granted, 3 or 4 say something like 'negotiations are continuing' but essentially nothing has changed since the November updates. Yes, everybody complained (rightly) about the old recovery situation. That's why they're (apparently) putting the new team in place. Let's give 'em a chance, eh? Quite! As it has taken Old Lendy in some cases years to achieve almost nothing, assuming that the new guys came in with a magic 'instant results' wand is overly optimistic at best.
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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.
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Post by Godanubis on Jan 26, 2019 20:19:58 GMT
As we have seen on most platforms the updates mean diddly squat. No matter what they say we still have to wait.
Even when things are sold it take ages for anything meaningful to be given in an update.
I’m reasonable optimistic so just make sure any bad news does little to dampen my outlook as individual loans have a greater positive impact when paying off than they do by failing. As failure is rarely >50% of max 1% investment and positive returns usually >18% APR on the rest that I allow to mature.
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jane
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Post by jane on Jan 26, 2019 20:26:13 GMT
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agent69
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Post by agent69 on Jan 26, 2019 20:46:34 GMT
I'm probably showing my age now, but who are these people?
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sarahcount
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Post by sarahcount on Jan 26, 2019 20:52:40 GMT
I'm probably showing my age now, but who are these people? That's me on the right.
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Post by loftankerman on Jan 26, 2019 21:31:40 GMT
They all seem to have won their stripes.
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Post by p2plender on Jan 26, 2019 23:32:07 GMT
There's a man punching above his weight! Interesting to see what happens in the future   |
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micky
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Post by micky on Jan 26, 2019 23:39:43 GMT
I'm probably showing my age now, but who are these people? That's me on the right. Which right? 
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