Mousey
Member of DD Central
Posts: 1,598 
Likes: 6,768
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Post by Mousey on May 25, 2019 11:38:15 GMT
They provide no way of providing that information though.
Perhaps the team that worked at Lendy have got a new client! I'll review in a week to see how many they successfully remove
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Post by beepbeepimajeep on May 25, 2019 13:21:16 GMT
I can verify the reviews for them, had a look at the 1 star reviews (a lot) lo and behold straight away...
Accuracy confirmed. Have a good day Mr Funding Secure.
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michaelc
Member of DD Central
Say No To T.D.S.
Posts: 5,722
Likes: 2,987
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Post by michaelc on May 25, 2019 14:43:09 GMT
Many of these poor reviews include first and second name meaning FundingSecure could easily verify them or not. If it turns out that these are indeed genuine reviews (my gut says they are), then haven't FS been guilty of trying to smear their own customers by making these comments which make it look like the reviews are not genuine?
I don't know enough about the rules of the FCA etc but I thought that authorised companies needed to be whiter than white, be seen as whiter than white and be very careful when it comes to spin.
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09dolphin
Member of DD Central
Posts: 638 
Likes: 866
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Post by 09dolphin on May 25, 2019 16:24:01 GMT
I think FS are stirring a hornets nest by their actions.
The only result I can envisage is the generation of a belief that FS are attempting to curtail criticism.
If it's any help to FS I was recommending them in about 2016 whereas now I actively warn people not to invest with them and I share the details of my existing loans as a way of demonstrating the validity of my statements..
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iRobot
Member of DD Central
Posts: 1,680
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Post by iRobot on May 25, 2019 16:38:49 GMT
I think FS are stirring a hornets nest by their actions. The only result I can envisage is the generation of a belief that FS are attempting to curtail criticism. If it's any help to FS I was recommending them in about 2016 whereas now I actively warn people not to invest with them and I share the details of my existing loans as a way of demonstrating the validity of my statements.. I don't think it unreasonable for any company to curtail unfair levels of criticism, which I take to include reviews left by those who aren't prepared to prove they are customers and who may therefore be charlatans, competitors or other mischief makers. Especially when it's basically a 'numbers game' and a small group can make a significant impact by signing up with multiple email addresses and launching a damaging campaign simply out of spite.
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09dolphin
Member of DD Central
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Post by 09dolphin on May 25, 2019 17:07:25 GMT
iRobot please define "unfair" levels of criticism.
I am minded to make available on facebook etc the details of the numerous loans I have that FS choose not to enforce along with the excuses that FS call "updates".
As I haven't used Trustpilot I may well start with this site this weekend giving information which is likely to be very damaging to FS - although it will be accurate.
I really do hope that your defence of FS is appreciated by them when I make use of social media to make public the details of the loans I hold.
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Doc
Member of DD Central
Posts: 196
Likes: 211
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Post by Doc on May 25, 2019 17:23:00 GMT
iRobot please define "unfair" levels of criticism. I am minded to make available on facebook etc the details of the numerous loans I have that FS choose not to enforce along with the excuses that FS call "updates". As I haven't used Trustpilot I may well start with this site this weekend giving information which is likely to be very damaging to FS - although it will be accurate. I really do hope that your defence of FS is appreciated by them when I make public the details of the loans I hold.
Understand why you are angry dolphin, however your argument to enforce loans like the powerboat loan is not shared by other lenders, as this will lead to very substantial losses for all lenders. I recall a poll on the subject in which lenders voted the best chance of recovery was to continue talks with the borrower.
I do not understand though why FS do not default these loans, at least this would then allow lenders to apply for tax relief on their losses.
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adrian77
Member of DD Central
Posts: 3,920
Likes: 4,145
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Post by adrian77 on May 25, 2019 17:37:36 GMT
This is true - I really hope such lenders are proven correct...
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arby
Member of DD Central
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Post by arby on May 25, 2019 18:11:19 GMT
I think that any action to unfairly skew the results in favour of a company is unjust. However, there is one reason which would make me accept FS doing it, and that is if a bulk of competitors are doing likewise. If there is evidence that this is common practice amongst the industry then there is no point for FS or any other 'just' company holding their head high and claiming they're doing the right thing if they are viewed negatively as a result. However, if this is not common practice, then my first comment stands.
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09dolphin
Member of DD Central
Posts: 638
Likes: 866
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Post by 09dolphin on May 25, 2019 18:13:01 GMT
iRobot please define "unfair" levels of criticism. I am minded to make available on facebook etc the details of the numerous loans I have that FS choose not to enforce along with the excuses that FS call "updates". As I haven't used Trustpilot I may well start with this site this weekend giving information which is likely to be very damaging to FS - although it will be accurate. I really do hope that your defence of FS is appreciated by them when I make public the details of the loans I hold.
Understand why you are angry dolphin, however your argument to enforce loans like the powerboat loan is not shared by other lenders, as this will lead to very substantial losses for all lenders. I recall a poll on the subject in which lenders voted the best chance of recovery was to continue talks with the borrower.
I do not understand though why FS do not default these loans, at least this would then allow lenders to apply for tax relief on their losses.
Trying to shut down criticism always makes me very very angry and I can never approve. I remember (and yes I am that old) what was written about the Nazis towards the end of the 2nd world war justifying some of the atrocities which to my mind were as unspeakable then when I was a child just as they are today but people weren't allowed to complain. I never ever want to live in a world where criticism is curtailed. I view criticism as healthy. In all honesty I don't much care about the loss from this and the other loans I have with FS - other than thinking the money could have helped people in real need and that it could have gone to help servicemen who have PTSD etc which is something I care about. What does annoy me is the attitude that FS seem to have - specifically contempt for the people who have invested their hard earned money in the belief that the asset was worth what it was valued at and would be sold if necessary and then nothing happens. I can remember the days when 2/6 meant you could buy enough food to eat well for a whole day and also have enough food left over to make a packed lunch and I know these days are long gone - but those days are from where I draw my values. and I really don't want to compromise those values. I still look after the pennies in the hope that the pounds will take care of themselves (and they mostly do unless I let my grandchildren lose with my debit or credit card - but as I've always said there's no pockets in shrouds). Just to make everybody really fed up - when sweets were no longer rationed you got a Mars bar for 3d and it was almost twice the size of the Mars bar you buy today, a 1/4 lb of sweets usually cost 6d and people who grew their own vegetables gave away any excess and this was much appreciated by their neighbours.
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Doc
Member of DD Central
Posts: 196
Likes: 211
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Post by Doc on May 25, 2019 18:37:21 GMT
Sorry you feel that way dolphin, I was just trying to help ?? (see your messages)
In any case, I'm no tax expert, but it appears it maybe fair to treat the powerboats irrecoverable as they now stand and investors can claim tax relief if they wish.
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Doc
Member of DD Central
Posts: 196
Likes: 211
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Post by Doc on May 25, 2019 18:38:10 GMT
This is true - I really hope such lenders are proven correct... We can actually agree on something.
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09dolphin
Member of DD Central
Posts: 638
Likes: 866
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Post by 09dolphin on May 25, 2019 19:14:48 GMT
Sorry you feel that way dolphin, I was just trying to help ?? (see your messages)
Anyway's, I'm no tax expert, but it appears it maybe fair to treat the powerboats irrecoverable as they now stand and investors can claim tax relief if they wish.
My rather rambling response was an attempt at an explanation as to why I think and react as I do. I agree that the value of the powerboats is probably in the region of 10% but it's not an area I have any expertise in. I am glad I can claim tax relief on this loan and there are another few that are tax deductible which is good for me. What bothers me is some people who have little now have even less than they did because they trusted FS. The tax deductible status of the powerboat loan won't be much help to them and I can remember what that felt like.
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iRobot
Member of DD Central
Posts: 1,680
Likes: 2,477
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Post by iRobot on May 26, 2019 10:48:04 GMT
iRobot please define "unfair" levels of criticism. I am minded to make available on facebook etc the details of the numerous loans I have that FS choose not to enforce along with the excuses that FS call "updates". As I haven't used Trustpilot I may well start with this site this weekend giving information which is likely to be very damaging to FS - although it will be accurate. I really do hope that your defence of FS is appreciated by them when I make use of social media to make public the details of the loans I hold.
Understand why you are angry dolphin, however your argument to enforce loans like the powerboat loan is not shared by other lenders, as this will lead to very substantial losses for all lenders. I recall a poll on the subject in which lenders voted the best chance of recovery was to continue talks with the borrower.
I do not understand though why FS do not default these loans, at least this would then allow lenders to apply for tax relief on their losses.
Trying to shut down criticism always makes me very very angry and I can never approve. I remember (and yes I am that old) what was written about the Nazis towards the end of the 2nd world war justifying some of the atrocities which to my mind were as unspeakable then when I was a child just as they are today but people weren't allowed to complain. I never ever want to live in a world where criticism is curtailed. I view criticism as healthy. In all honesty I don't much care about the loss from this and the other loans I have with FS - other than thinking the money could have helped people in real need and that it could have gone to help servicemen who have PTSD etc which is something I care about. What does annoy me is the attitude that FS seem to have - specifically contempt for the people who have invested their hard earned money in the belief that the asset was worth what it was valued at and would be sold if necessary and then nothing happens. I can remember the days when 2/6 meant you could buy enough food to eat well for a whole day and also have enough food left over to make a packed lunch and I know these days are long gone - but those days are from where I draw my values. and I really don't want to compromise those values. I still look after the pennies in the hope that the pounds will take care of themselves (and they mostly do unless I let my grandchildren lose with my debit or credit card - but as I've always said there's no pockets in shrouds). Just to make everybody really fed up - when sweets were no longer rationed you got a Mars bar for 3d and it was almost twice the size of the Mars bar you buy today, a 1/4 lb of sweets usually cost 6d and people who grew their own vegetables gave away any excess and this was much appreciated by their neighbours. In my opinion ... An 'unfair level' would be one person setting up multiple accounts on TP and repeatedly expressing their opinion in the guise of numerous and separate entities. TP is meant to be 'one customer / one vote (review)' and observers view it on that understanding and with that expectation. That the subject of those TP reviews (as can observers) are able challenge and - via TP's processes - reject any comments from reviewers who are unable to confirm their status as a bona fide customers is perfectly correct, and as it should be. Having the mechanisms in place that facilitate and maintains a 'one (genuine) customer / one (scoring*) vote' system makes the review system fit for purpose. (* TP allows multiple reviews per customer, but only the latest one affects the subject's rating.) Should you go on social media? Absolutely! You feel you have a grievance and you have a right to air it. I don't think anyone is trying to 'shut down criticism', and for my part, quite the opposite. Well articulated, genuine concerns from those that can demonstrate that they have been disadvantaged by poor service / negligent management / etc / etc, should be encouraged. Coordinated campaigns can achieve great things when they are well structured, targeted and stand up to scrutiny. (I marvel at the energy an commitment from the likes of Mark Taber and his various campaigns.) With regard to TP, what I don't think does anyone anyone any good is seeing bogus reviews that have to be constantly addressed and removed. To my mind it taints the site and throws into question all the reviews, even the genuine ones. TP and other review sites (feefo, reevoo, etc) are for genuine customers to leave genuine reviews of products and services received. Anyone else simply wanting to air their views, that's what social media is for. (Where comments expressed can be consumed accordingly.)
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Post by Deleted on May 26, 2019 13:40:39 GMT
Well, if Lendy's experience on TrustPilot is anything to go by, aggressive reporting of 1* reviews will just make those reviewers (and anyone who believes in transparency) even angrier, and prone to leaving even more 1* reviews.
But good luck to FS if they think their experience will be any different...
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