sbjames
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Post by sbjames on May 28, 2019 18:48:00 GMT
+1. Absolutely. I've lost lot of ££. So any group action available I'd want to participate. |
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Monetus
Member of DD Central
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Post by Monetus on May 28, 2019 20:06:53 GMT
+1. Absolutely. I've lost lot of ££. So any group action available I'd want to participate. Stay tuned. Working in the background with a few others to try put something together that will help give us all a collective voice.
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Post by federix on May 28, 2019 20:26:35 GMT
+1
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Post by billy169 on May 28, 2019 20:36:55 GMT
Oh boy..new member here
I must be the biggest idiot.fool..moron.on here
£104,600.locked in lendy.
Was hoping for 70% back.to break about even over the years..
Buy the way..I've noticed 11 more on the register of fools in lendy website since collapse..how come ??
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Monetus
Member of DD Central
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Post by Monetus on May 28, 2019 20:41:28 GMT
Oh boy..new member here I must be the biggest idiot.fool..moron.on here £104,600.locked in lendy. Was hoping for 70% back.to break about even over the years.. Buy the way..I've noticed 11 more on the register of fools in lendy website since collapse..how come ?? Welcome to the forum. Don't worry I'm a bigger idiot/fool/moron. 
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Post by billy169 on May 28, 2019 20:48:48 GMT
Wow...I'm not too worried.. people panic too much for me...seen too many people in thier coffin..no room for a Ferrari.
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cwah
Member of DD Central
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Post by cwah on May 28, 2019 21:06:31 GMT
Wow...I'm not too worried.. people panic too much for me...seen too many people in thier coffin..no room for a Ferrari. if you were to loose 20-30% of your life saving, you'd get worried!
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Post by billy169 on May 28, 2019 21:13:27 GMT
What I have in lendy is 80% of everything I have...I'm a fool i know ..but im healthy..
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sbjames
New Member
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Post by sbjames on May 28, 2019 21:39:41 GMT
What I have in lendy is 80% of everything I have...I'm a fool i know ..but im healthy.. Ouch. I did just work out how many days months I have to go to work for to earn what I could lose. I closed the calculator quickly! 80% would make me get the port out!
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delboy
Member of DD Central
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Post by delboy on May 29, 2019 6:55:22 GMT
I've even filed my 2018/19 taxes  If you’re referring to a self assessment tax return(s) then you’ve plenty of time to make any necessary changes i.e. to offset your Lendy losses against other p2p income. You’ll need to clearly explain the detail, but HMRC will recalculate based on your new numbers even if you finalised your return.
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Greenwood2
Member of DD Central
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Post by Greenwood2 on May 29, 2019 7:11:28 GMT
I've even filed my 2018/19 taxes If you’re referring to a self assessment tax return(s) then you’ve plenty of time to make any necessary changes i.e. to offset your Lendy losses against other p2p income. You’ll need to clearly explain the detail, but HMRC will recalculate based on your new numbers even if you finalised your return. We're in the new tax year (2019-2020) now so definitely plenty of time to report any additional losses due to the administration, by the time we need to be doing the next return it should be a lot clearer what the losses might be.
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garfield
Member of DD Central
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Post by garfield on May 29, 2019 7:13:45 GMT
What I have in lendy is 80% of everything I have...I'm a fool i know ..but im healthy.. Hi billy169 and welcome to the forum. I like your attitude! Really there's no point in losing sleep over this mess. I sincerely hope we all come out of this in reasonable shape, but life must go on...
But how many of us are there? Lendy claim to have 22K+ investors. However, how many of us are active? My guess is no more than 25-30%. This would appear to tie in with the numbers of investors quoted on each loan.
Me, I have c£11K tied up in capital. If I got 50% back, I'd be happy and wouldn't have "lost out" overall. We are all in this together and I'm aware of some investors who are using their pooled experience and expertise for the benefit of all, for which I am most grateful.
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Post by rhea117 on May 29, 2019 7:17:44 GMT
Dec 2016, I invested £12.5k into 4 loans.
One: repaid in full, but it was a small £1.5k.
One: only got back around a third (Property auctioned off for fraction of “RICS value”)
Two: in default (HQ and Hull).
So have £9.5k worth of eggs on my face.
Too trusting and gullible when I was told chances of full recovery and bonus interest were good.
I was called by a guy (C@llum) on his or a company mobile (weird?) in April 2018 saying how I would be getting all my money back, might just take 12-24 months. Then he asked if I wanted to invest in new loans. I was prudent and said no thanks. But I still believed him.
I feel like a right tit now.
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p2p2p
Member of DD Central
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Post by p2p2p on May 29, 2019 7:35:29 GMT
My worst investing decision, beating that endowment mortgage 30 years ago. I'd need 66% recovery to avoid losing money after the interest Lendy paid. At least its <2% of my net worth
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Monetus
Member of DD Central
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Post by Monetus on May 29, 2019 8:17:48 GMT
Dec 2016, I invested £12.5k into 4 loans. One: repaid in full, but it was a small £1.5k. One: only got back around a third (Property auctioned off for fraction of “RICS value”) Two: in default (HQ and Hull). So have £9.5k worth of eggs on my face. Too trusting and gullible when I was told chances of full recovery and bonus interest were good. I was called by a guy (C@llum) on his or a company mobile (weird?) in April 2018 saying how I would be getting all my money back, might just take 12-24 months. Then he asked if I wanted to invest in new loans. I was prudent and said no thanks. But I still believed him. I feel like a right tit now. It sounds like you were called by Lendy Wealth encouraging you to invest further. Can you recall more of what they said? Would you consider it potentially “financial advice”? As far as I know Lendy were not regulated or authorised to offer any advice to customers on potential investment decisions. Would love to hear from anyone else who received these Lendy Wealth calls also.
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I've lost lot of ££. So any group action available I'd want to participate.
