invester
P2P Blogger
Posts: 612 
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Post by invester on May 23, 2019 10:15:39 GMT
Can that be true?
Thought someone had said in recent days something had been taking big bites out of loans.
In the days of selling loan parts I seem to remember the queue hardly budging but this wasn't an excuse to suspend the loan.
Gut feeling is that every move here is being forced and Lendy are just being creative with excuses.
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rocky1
Member of DD Central
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Post by rocky1 on May 23, 2019 10:38:06 GMT
Yes I have a personal mobile phone number of someone I probably cannot disclose but I thought they have given an "account manager" to everyone. Anyway it's of no great use if all is going under. Cmon pi spill, what is occurring at lendyHQ?so do you really have a direct line to the infamous LB.you can disclose everything you know on here and it won't go any further.we have ways of making you type.
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Post by investorni on May 23, 2019 10:38:24 GMT
Feels like May, Lendy, Trump, Brexit... everything is coming to a crashing end very very soon.. Very sick feeling in my stomach right now.
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sl75
Posts: 2,092
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Post by sl75 on May 23, 2019 10:42:50 GMT
So now even if I want to, I can't re-invest the proceeds of the DFL012 repayment into other loans on the platform... if/when it finally arrives...
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Post by p2plender on May 23, 2019 10:47:12 GMT
Game over by all accounts.
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IFISAcava
Member of DD Central
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Post by IFISAcava on May 23, 2019 10:49:34 GMT
Feels like May, Lendy, Trump, Brexit... everything is coming to a crashing end very very soon.. Very sick feeling in my stomach right now. Only one of them coming to an end is a bad thing though!
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Mike
Member of DD Central
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Post by Mike on May 23, 2019 11:11:42 GMT
Best behaviour please boys and girls this forum has been really great up to now lets not ruin it now by posting posts without any new content
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Mucho P2P
Member of DD Central
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Post by Mucho P2P on May 23, 2019 11:17:19 GMT
DFL012 most likely to be the issue.
Just as in April 2018 when there were similar "issues", it was from allocating funds from the co-pooled clients account to the London Loan.
Time to download our loan book again?
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mj
Posts: 37
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Post by mj on May 23, 2019 11:41:55 GMT
DFL012 most likely to be the issue. Agreed. Perhaps the FCA is unhappy with Lendy's proposals for distributing the funds.
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on May 23, 2019 11:50:59 GMT
Surely their excuse must be bunkum. Isn't it in Lendy's benefit to keep the SM going as it saves them paying interest on all the "for sale" loans. By cancelling all loan parts for sale don't they have start paying or at least accruing interest on them. So no way they would do this voluntarily.
Happy to be corrected if I've got this wrong.
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averageguy
Member of DD Central
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Post by averageguy on May 23, 2019 12:35:53 GMT
Best behaviour please boys and girls this forum has been really great up to now lets not ruin it now by posting posts without any new content With the vacuum of information that Lendy create it’s inevitable
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rocky1
Member of DD Central
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Post by rocky1 on May 23, 2019 13:15:29 GMT
wouldent a simple ad hoc as and when on a need to know basis email to all of lendys lenders be easy enough to do.as usual total disregard and contempt for the thousands of people who [invested] with them in good faith.
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sarahcount
Member of DD Central
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Post by sarahcount on May 23, 2019 13:21:11 GMT
Surely their excuse must be bunkum. Isn't it in Lendy's benefit to keep the SM going as it saves them paying interest on all the "for sale" loans. By cancelling all loan parts for sale don't they have start paying or at least accruing interest on them. So no way they would do this voluntarily.
Happy to be corrected if I've got this wrong. I believe that where loans are suspended lenders' loan parts remain for sale and keep their place in the queue.
Lenders have to decide whether to actively take their loan parts off sale in order to qualify for interest.
Personally I feel that not earning interest is the least of our problems at the moment though.
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rocky1
Member of DD Central
Posts: 1,139
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Post by rocky1 on May 23, 2019 13:59:19 GMT
could be time for a big protest outside lendy towers with the media alerted and see if we can get any comments from mr LB about his actions
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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 May 23, 2019 14:18:24 GMT
Best behaviour please boys and girls this forum has been really great up to now lets not ruin it now by posting posts without any new content A bit of calm reason at last... Ever since Collateral was interfered with by the FCA any little technical problem or change on any P2P platform brings out the harbingers of doom and failure. I think there are too many easily excited people investing in places that are not for the faint of heart. Nothing that is said on here will actually change the outcome of ongoing situations and may cause considerable upset unnecessarily to some. The wise advice to back up details of holding is always a prudent measure. Keep copies of everything. Now time for a wee drink and cake and “ Escape to the country “ 
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