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Post by Deleted on May 1, 2019 13:15:53 GMT
I don't often swear but I think we may have reached the "oh  " moment. |
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Monetus
Member of DD Central
Posts: 1,179 
Likes: 2,961
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Post by Monetus on May 1, 2019 14:56:33 GMT
There is a report on Frank of a test deposit made on the 24th finally hitting someone's account just now.
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art1
Lendy investor
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Post by art1 on May 1, 2019 15:26:49 GMT
There is a report on Frank of a test deposit made on the 24th finally hitting someone's account just now. Is it about time the LY investors met to discuss and share thoughts and decide on any possible courses of action? Just a thought!
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Monetus
Member of DD Central
Posts: 1,179
Likes: 2,961
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Post by Monetus on May 1, 2019 15:49:41 GMT
"As many of you are already aware, we have experienced a number of issues connected to our banking systems and payment processes.
We have now resolved these issues, are working through the backlog and hope to complete all outstanding requests within the next 48 hours.
Kind regards,
The Lendy Team"
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Post by brightspark on May 2, 2019 8:37:33 GMT
There is a report on Frank of a test deposit made on the 24th finally hitting someone's account just now. Is it about time the LY investors met to discuss and share thoughts and decide on any possible courses of action? Just a thought! Not a good idea unless someone skilled in such matters comes forward with a sound agenda for taking things forward. Otherwise a meeting or series of meetings could result in a lot of hot air but little progress. The committee presumably formed from such a meeting would have to seek some sort of authority from lenders to speak/act on behalf of all. Lendy would find it very easy to divide and rule as interests of all lenders are not aligned.
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Mucho P2P
Member of DD Central
Posts: 946
Likes: 1,635
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Post by Mucho P2P on May 2, 2019 9:18:47 GMT
Is it about time the LY investors met to discuss and share thoughts and decide on any possible courses of action? Just a thought! Not a good idea unless someone skilled in such matters comes forward with a sound agenda for taking things forward. Otherwise a meeting or series of meetings could result in a lot of hot air but little progress. The committee presumably formed from such a meeting would have to seek some sort of authority from lenders to speak/act on behalf of all. Lendy would find it very easy to divide and rule as interests of all lenders are not aligned. The committee could just speak for themselves and not the entire cohort of lenders. Not all lenders are needed for an action against Lendy, only a few who are passionate and share the same goal, and have the same [justified] grievances.
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sl75
Posts: 2,092
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Post by sl75 on May 2, 2019 12:46:00 GMT
Not a good idea unless someone skilled in such matters comes forward with a sound agenda for taking things forward. Otherwise a meeting or series of meetings could result in a lot of hot air but little progress. The committee presumably formed from such a meeting would have to seek some sort of authority from lenders to speak/act on behalf of all. Lendy would find it very easy to divide and rule as interests of all lenders are not aligned. The committee could just speak for themselves and not the entire cohort of lenders. Not all lenders are needed for an action against Lendy, only a few who are passionate and share the same goal, and have the same [justified] grievances. Normal practice (and possibly enforceable rules?) for P2P is that all lenders on a loan are required to be treated in a manner that's equivalent / pro-rata or similar.
As such any non-trivial decision agreed with such a committee would affect all lenders (either by the same decision being applied to them, or by being no longer treated equivalently to at least some other lenders with a similar stake).
e.g. suppose a committee of "want to withdraw all my money at any cost" lenders is formed, and Lendy agree to a course of action involving selling the security at a knock-down price that will result in them being paid off at 10p/£ which that particular committee is happy with...
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Monetus
Member of DD Central
Posts: 1,179
Likes: 2,961
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Post by Monetus on May 2, 2019 13:48:05 GMT
So where are we at folks? Any deposits or withdrawals showing up as yet?
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nsinvestor
Member of DD Central
Posts: 105
Likes: 110
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Post by nsinvestor on May 2, 2019 14:13:43 GMT
I made a small test withdrawal on the 24th - still waiting for funds
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Post by Deleted on May 2, 2019 15:31:26 GMT
No interest paid yet and the same message still up on my home page.
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hendragon
Member of DD Central
Posts: 631
Likes: 619
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Post by hendragon on May 2, 2019 15:37:38 GMT
withdrawal request made and aknowledged on the 27th. No payment yet.
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Post by p2plender on May 3, 2019 6:06:02 GMT
Having logged on and had a tour of the site, I'm amazed to see some people are still funding some of the live loans. No wonder they've set up another company with this mentality. All the dross loans over the last 18 months yet there's still some willing to part with hard earned. Remarkable.
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sydb
Member of DD Central
Posts: 345
Likes: 316
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Post by sydb on May 3, 2019 10:13:25 GMT
Some people are optimists.
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Post by loftankerman on May 3, 2019 13:11:43 GMT
There seems to be similarities when comparing the behaviour of some of Lendy's clients with that of victims of domestic abuse.
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Monetus
Member of DD Central
Posts: 1,179
Likes: 2,961
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Post by Monetus on May 3, 2019 15:43:34 GMT
Exactly 48 hours since I received an email saying: "We have now resolved these issues, are working through the backlog and hope to complete all outstanding requests within the next 48 hours'.
Has a single person here received any notification of a successful credit or withdrawal of funds to/from Lendy?
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" moment.
