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Post by nooneere on Mar 11, 2020 21:08:46 GMT
Just to confirm my payments have arrived . Also I have had 2 phone calls from Nadeem explaining the problems and advising me of changes and updates for the future. Polite , helpful and informative , as I said to him a pity I didn't receive this phone call previously . On the strength of these phone calls I have not ruled out revisiting them in the future. Seriously 11025 you should take heed of Ukmikk and Ace . This platform is clinging on by its fingernails and has not been functioning properly for the best part of a year now. Investors' funds are being used to keep the platform going and if it fails you are not likely to see your money again. Pulling out of this platform last May has been my smartest move so far in P2P.
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Post by gravitykillz on Mar 11, 2020 21:27:38 GMT
Amen
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Post by sayyestocress on Mar 12, 2020 9:49:04 GMT
Just to confirm my payments have arrived . Also I have had 2 phone calls from Nadeem explaining the problems and advising me of changes and updates for the future. Polite , helpful and informative , as I said to him a pity I didn't receive this phone call previously . On the strength of these phone calls I have not ruled out revisiting them in the future. Seriously 11025 you should take heed of Ukmikk and Ace . This platform is clinging on by its fingernails and has not been functioning properly for the best part of a year now. Investors' funds are being used to keep the platform going and if it fails you are not likely to see your money again. Pulling out of this platform last May has been my smartest move so far in P2P. My bold. Careful, whilst I think we can all agree the platform isn't running smoothly, to allege that they are misappropriating client funds to keep the platform up and running is a strong claim. Couldn't your statement be considered an accusation of fraud against FO? We have no proof of that, only speculation. Unless you have some evidence? And if you do have evidence please let the FCA know.
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Ukmikk
Member of DD Central
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Post by Ukmikk on Mar 12, 2020 10:21:26 GMT
Seriously 11025 you should take heed of Ukmikk and Ace . This platform is clinging on by its fingernails and has not been functioning properly for the best part of a year now. Investors' funds are being used to keep the platform going and if it fails you are not likely to see your money again. Pulling out of this platform last May has been my smartest move so far in P2P. My bold. Careful, whilst I think we can all agree the platform isn't running smoothly, to allege that they are misappropriating client funds to keep the platform up and running is a strong claim. Couldn't your statement be considered an accusation of fraud against FO? We have no proof of that, only speculation. Unless you have some evidence? And if you do have evidence please let the FCA know. No, I don't think a suggestion as to what FO are using the money they 'borrowed' from lenders (without prior consultation) is being used for constitutes an accusation of fraud. As FO have not told lenders what they are doing with it, we can only speculate based on the available evidence. So you can relax.
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Post by nooneere on Mar 12, 2020 21:14:26 GMT
My bold. Careful, whilst I think we can all agree the platform isn't running smoothly, to allege that they are misappropriating client funds to keep the platform up and running is a strong claim. Couldn't your statement be considered an accusation of fraud against FO? We have no proof of that, only speculation. Unless you have some evidence? And if you do have evidence please let the FCA know. sayyestocress please see the thread p2pindependentforum.com/thread/15370/fo-lend-borrow-own-platform
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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 Mar 13, 2020 12:34:51 GMT
I have spoken to Nadeem from FO today. It was constructive and I am hopeful of a resolution by the end of next week. I will update at that time We’ll it is now the end of the week and true to his word the money was paid to my account. If the rest of the Changes he has mentioned are made then there would be cause for celebration. I still have funds invested and have good hopes for the future. Certainly better than my shares are doing
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Post by gravitykillz on Mar 13, 2020 12:52:00 GMT
So ratesetter and assetz are suspending/delaying withdrawals and fundourselves is paying out ? Something is very wrong with the world!
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Post by Ace on Mar 13, 2020 12:56:11 GMT
I have spoken to Nadeem from FO today. It was constructive and I am hopeful of a resolution by the end of next week. I will update at that time We’ll it is now the end of the week and true to his word the money was paid to my account. If the rest of the Changes he has mentioned are made then there would be cause for celebration. I still have funds invested and have good hops for the future. Certainly better than my shares are doing Thanks for the update, but can you clarify what funds have been returned please. I.e. have you managed to extract the idle cash that was sitting in a withdrawn investment that still has active loans? If so, is this one of the "changes he mentioned" that the rest of us might be able to benefit from?
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benaj
Member of DD Central
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Post by benaj on Mar 13, 2020 12:57:14 GMT
I have spoken to Nadeem from FO today. It was constructive and I am hopeful of a resolution by the end of next week. I will update at that time We’ll it is now the end of the week and true to his word the money was paid to my account. If the rest of the Changes he has mentioned are made then there would be cause for celebration. I still have funds invested and have good hops for the future. Certainly better than my shares are doing Great. I can't wait for the next celebration.
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Post by df on Mar 14, 2020 2:21:27 GMT
We’ll it is now the end of the week and true to his word the money was paid to my account. If the rest of the Changes he has mentioned are made then there would be cause for celebration. I still have funds invested and have good hops for the future. Certainly better than my shares are doing Thanks for the update, but can you clarify what funds have been returned please. I.e. have you managed to extract the idle cash that was sitting in a withdrawn investment that still has active loans? If so, is this one of the "changes he mentioned" that the rest of us might be able to benefit from? I was trying to figure out mine. According to "withdrawal history" since 8th Dec (the date of my previous withdrawal was processed) I have 2 investments completely withdrawn (total £222.49), but the amount I received last week was £540.22 (PF bonus payments for the past two months were only a couple of quid). Currently I have 3 investments as "withdrawn requested" (total £496.39), almost sold, only £34.98 lent out. My current "pending withdrawal" (not made any new withdrawals since recent pay out) is £103.25. I don't know how all this adds up, but it looks like some of this £540.22 I've received is part of withdrawn investments that still have active loans.
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Post by baboonery on Mar 14, 2020 12:47:30 GMT
Thanks for the update, but can you clarify what funds have been returned please. I.e. have you managed to extract the idle cash that was sitting in a withdrawn investment that still has active loans? If so, is this one of the "changes he mentioned" that the rest of us might be able to benefit from? I was trying to figure out mine. According to "withdrawal history" since 8th Dec (the date of my previous withdrawal was processed) I have 2 investments completely withdrawn (total £222.49), but the amount I received last week was £540.22 (PF bonus payments for the past two months were only a couple of quid). Currently I have 3 investments as "withdrawn requested" (total £496.39), almost sold, only £34.98 lent out. My current "pending withdrawal" (not made any new withdrawals since recent pay out) is £103.25. I don't know how all this adds up, but it looks like some of this £540.22 I've received is part of withdrawn investments that still have active loans. That reflects my experience. The payments I received last week included some minimal PF bonus payments but the total received was rather more than expected suggesting that it included withdrawal of unlent money from ‘investments’ that still have active loans. It seems to be a waste of time trying to fully reconcile payments with the figures showing in my account but, fortunately, it is apparent that I only have a few tens of pounds still loaned out and awaiting repayment/withdrawal.
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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 Mar 14, 2020 22:13:08 GMT
I have spoken to Nadeem from FO today. It was constructive and I am hopeful of a resolution by the end of next week. I will update at that time We’ll it is now the end of the week and true to his word the money was paid to my account. If the rest of the Changes he has mentioned are made then there would be cause for celebration. I still have funds invested and have good hopes for the future. Certainly better than my shares are doing I also got an apologetic email from their resolutions officer.
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Post by Ace on Mar 26, 2020 16:02:20 GMT
I found a very small withdrawal of an unsigned deposit in my bank account today. Was requested on 3/3/2020, so a 7 day turnaround. I also got an email informing me of the payment, with a comment essentially saying ... stuff you on us not being able to sell your loans and hanging on to your cash in the investments that isn't lent out, because it's in the Ts&Cs. Has anyone made an official complaint to the Financial Ombudsman regarding us not being able to access our cash that is assigned to an "investment" but is not actually assigned to a loan? Also, I now have some Cash Bonus payments in my Additional Payments list for January and February that weren't there 2 days ago, but which are dated 4/2/2020 and 3/3/2020. I have now requested a withdrawal of these unsigned payments. I still can't make head or tail of many of the figures listed on the platform. For what it's worth, my tiny withdrawal of unassigned funds that was requested on 10th March arrived in my bank account today.
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Post by tmn on Apr 3, 2020 12:11:13 GMT
The Financial Ombudsmen Service has finally picked up my case. This relates to a cash withdrawal going back to 30 Nov - which is still outstanding.
They have advised the business that they are looking into my complaint.
If they now fail to cooperate I understand they could be referred to the FCA.
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johnnyj
New Member
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Post by johnnyj on Apr 20, 2020 11:36:31 GMT
Trustpilot have released a review I made that was blocked in March. I needed to remove reference to a specific job title.
I notice the website has been modified so now you can't plot withdrawal history showing how long it's been since your withdrawal became uninvested, December in my case.
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