ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 7,973 
Likes: 7,659
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Post by ilmoro on Sept 20, 2020 18:55:18 GMT
And whilst holding your interest free loans they ignore any and all correspondence from you. I do get a bizarre 7p a month payment from somewhere which I withdraw when I can track down how to do it (really should write the process down) three of these were paid the other day. But yes really a platform afraid to engage with its investors by email (and presumably phone?) really should be under some serious scrutiny by the relevant authorities. Clearly we need an action group, I just can't think of a title for it. Interest on pooled funds? Id invest more money to get 5% if I had any confidence that the pooled money was actually in the client account but given that nobody seems to be able to access money in the client account I dont. Meanwhile, excitingly I actually appear to have lent some money this month.
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Village Idiot
Member of DD Central
Calm, Like a really calm thing.
Posts: 1,931
Likes: 2,019
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Post by Village Idiot on Sept 20, 2020 19:40:10 GMT
I do get a bizarre 7p a month payment from somewhere which I withdraw when I can track down how to do it (really should write the process down) three of these were paid the other day. But yes really a platform afraid to engage with its investors by email (and presumably phone?) really should be under some serious scrutiny by the relevant authorities. Clearly we need an action group, I just can't think of a title for it. Interest on pooled funds? Id invest more money to get 5% if I had any confidence that the pooled money was actually in the client account but given that nobody seems to be able to access money in the client account I dont. Meanwhile, excitingly I actually appear to have lent some money this month. I had completely forgotten about that, could well be. I will have to delve in and see if I can confirm that at some point. Edit, Good call actually works out near enough 5% of the un-invested amount. So I am actually earning money on the un-invested money but getting none for the invested. That is mildly amusing.
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IFISAcava
Member of DD Central
Posts: 3,212
Likes: 2,546
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Post by IFISAcava on Sept 20, 2020 19:45:26 GMT
I do get a bizarre 7p a month payment from somewhere which I withdraw when I can track down how to do it (really should write the process down) three of these were paid the other day. But yes really a platform afraid to engage with its investors by email (and presumably phone?) really should be under some serious scrutiny by the relevant authorities. Clearly we need an action group, I just can't think of a title for it. Interest on pooled funds? Id invest more money to get 5% if I had any confidence that the pooled money was actually in the client account but given that nobody seems to be able to access money in the client account I dont. Meanwhile, excitingly I actually appear to have lent some money this month. I couldn't advise anyone to invest money here. If people get all their money back I will eat Paddy Ashdown's hat. It screams scam.
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Post by sayyestocress on Sept 21, 2020 6:25:30 GMT
Interest on pooled funds? Id invest more money to get 5% if I had any confidence that the pooled money was actually in the client account but given that nobody seems to be able to access money in the client account I dont. Meanwhile, excitingly I actually appear to have lent some money this month. I couldn't advise anyone to invest money here. If people get all their money back I will eat Paddy Ashdown's hat. It screams scam. I got all mine back (eventually).
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IFISAcava
Member of DD Central
Posts: 3,212
Likes: 2,546
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Post by IFISAcava on Sept 21, 2020 10:50:06 GMT
I couldn't advise anyone to invest money here. If people get all their money back I will eat Paddy Ashdown's hat. It screams scam. I got all mine back (eventually). Good to know - but no hat eating, chocolate or otherwise, until everyone who has free cash and wants it back is repaid, otherwise the possibility of Ponzi is in play.
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Village Idiot
Member of DD Central
Calm, Like a really calm thing.
Posts: 1,931
Likes: 2,019
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Post by Village Idiot on Sept 25, 2020 9:18:22 GMT
Useful email from FO today on how to cut costs on medicine.
Neat circle really, turn your platform into a headache for investors then offer a left field solution,
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Post by df on Oct 5, 2020 21:36:13 GMT
I was pleasantly surprised to see part of my withdrawal in my bank account today. About 44% of "pending". In "transaction history" the transaction is dated 16th Sept. Very unexpected, but great news  |
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IFISAcava
Member of DD Central
Posts: 3,212
Likes: 2,546
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Post by IFISAcava on Oct 6, 2020 8:29:24 GMT
I was pleasantly surprised to see part of my withdrawal in my bank account today. About 44% of "pending". In "transaction history" the transaction is dated 16th Sept. Very unexpected, but great news so they have changed T&Cs for you and given you a partial withdrawal rather than having to wait for every last loan to sell? I am about to complain to the FO as they have ignored my correspondence (and now formal complaint) for nearly a year and I can't get anything back even though 80% is apparently in cash, and I am earning zero interest.
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Post by optimist on Oct 19, 2020 12:13:52 GMT
In a discussion with the CEO in August 2020 he said FO have a policy, not documented publicly, whereby they pay in chunks of 20% of the total. Not sure I believe this exists or that they implement it but that is what he said. Edit - I now have serious doubts as to whether one should rely on any and specifically this verbal assurance, until confirmed in writing. Please discount my comment
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Post by shaunperry on Oct 23, 2020 3:42:23 GMT
I keep getting the same email despite now being an expert in making the perfect cup of tea.
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Post by optimist on Oct 24, 2020 17:35:11 GMT
I'm sorry everyone for supporting FO in a number of posts. I take it all back, please ignore everything nice I've stupidly said about FO
Wondering what proportion of initial investment everyone got back and in what time period?
I put in a small amount in early june (top up) then changed my mind after reading some posts and took it out again a week later without a problem. If the secondary market was automatic and working I guess I would have lost/invested that too
Other than that, I've got around 1.5% back so far depending on which figures I believe.
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