TitoPuente
Member of DD Central
Posts: 624 
Likes: 655
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Post by TitoPuente on May 30, 2019 16:42:55 GMT
This is the right course of action and I also think that the politicians/local MPs should be approached to get their support. Support for what ?. There is no evidence that anything other than bad management! ! If you read with attention the story of DFL005 you will start to doubt that this is a case of just "bad management". Add the following to that. p2pindependentforum.com/post/330619/thread
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Post by philhove on May 30, 2019 17:02:28 GMT
So grateful to you, wuzimu and your co-conspirators who have fantastically jumped into action on our behalf and constructed the Facebook page - www.facebook.com/groups/lendyactiongroup/ - and working on a wb site. wuzimu you, and whoever else might be helping you, are stars and I thank you so very much for your great, time-consuming efforts on all us Ly investing creditors behalf. Thank you. |
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Monetus
Member of DD Central
Posts: 1,179
Likes: 2,961
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Post by Monetus on May 30, 2019 17:14:37 GMT
At this point, I'm quite happy for admins to remain anonymous on fb - it's a very public place. I'm quite happy that someone is interested in leading something that isn't mandatory, and hopefully which is demographic, and at least is generous enough to share knowledge which will help explain or enhance legal, legislative, and financial information. Some people wish to remain 100% private and that's totally fine - everyone deserves a right to privacy. For the record to anyone on this forum... I am one of the Admins of this group (although there are a number of people from this forum involved who are putting in some serious time and effort behind the scenes) and that's my real name on there. More admins will also be added soon. As many know I am also involved with the Collateral administration so I'm pretty sure most people will know who I am already and will have done their DD. Feel free to browse some pictures of my wedding should you feel the need. 
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zlb
Member of DD Central
Posts: 1,422
Likes: 333
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Post by zlb on May 30, 2019 17:44:24 GMT
With the FB group, I'd feel much better if The Great "Wuzimu" had actually not set up a fake FB account to register the group!! Not off to a flyer on the building trust front is it? Its a good idea but I'd also worry about the assymetrical relationship between wuzimu and myself if I joined. I mean he seems a pleasant chap on the forum but if I'm to provide my real name etc shouldn't he also? I can see your point, in your position, but I'm not so worried about this at this early stage. I think in the end, actions, intuition, and communications speak louder than real names in this context. I've trusted communications with the admin here over certain information through PM from other people I don't know the identity of, about legal info about Ly loans. In the end, I'm responsible for what advice or actions I take. In my view, wuzimu may have a number of reasons for maintaining anonymity here, yet have a wealth of knowledge to share, and isn't giving me legislated advice. You could set up a separate fb account? Google allows many emails on the one mobile number.
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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
Likes: 1,013
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Post by Godanubis on May 30, 2019 20:51:42 GMT
If you really feel you need anonymity buy a domain for under a fiver and you can have as many email address as you like. Good for competitions ,getting freebies, Amazon prime free or anything else that uses email address as identifier. “mysecretemail.co.uk” is available for £3.99 a year. |
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Post by martin44 on May 30, 2019 22:18:05 GMT
Happy to join when the website is live |
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Monetus
Member of DD Central
Posts: 1,179
Likes: 2,961
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Post by Monetus on May 30, 2019 22:24:59 GMT
Happy to join when the website is live An initial introductory website will be going live tomorrow but it will fairly limited at first. The full website will be launched in the next couple of weeks.
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Post by martin44 on May 30, 2019 22:40:05 GMT
This is the right course of action and I also think that the politicians/local MPs should be approached to get their support. Support for what ?. There is no evidence that anything other than bad management! ! With over 100k in Lendy I’m happy to let the professionals in management of companies in distress to take over and use their expertise to get the best possible results. Constant interference from numerous MPs or aggrieved investors serves only to delay things at a cost. So let’s at least wait for the first independent report before we waste our and their time chasing imaginary malfeasance. You have quite obviously not been paying much attention to recent press reports in the telegraph, trustpilot reviews, and countless talk on this forum over the last 12 months in a myriad of threads, im sorry to inform you, but your 100k is all but lost, as is my +40k , however patience is not my best virtue when it comes to the likes of Liam Brooke, personally i am of the opinion there is no imaginary malfeasance, Liam Brooke is a *<redacted by mod>*, and the more support that is drummed up, the better. edit .. *-* agree, strong words. 
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Post by martin44 on May 30, 2019 22:40:53 GMT
Happy to join when the website is live An initial introductory website will be going live tomorrow but it will fairly limited at first. The full website will be launched in the next couple of weeks. Thanks for your info... great news.
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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
Likes: 1,013
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Post by Godanubis on May 30, 2019 22:53:42 GMT
Support for what ?. There is no evidence that anything other than bad management! ! With over 100k in Lendy I’m happy to let the professionals in management of companies in distress to take over and use their expertise to get the best possible results. Constant interference from numerous MPs or aggrieved investors serves only to delay things at a cost. So let’s at least wait for the first independent report before we waste our and their time chasing imaginary malfeasance. You have quite obviously not been paying much attention to recent press reports in the telegraph, trustpilot reviews, and countless talk on this forum over the last 12 months in a myriad of threads, im sorry to inform you, but your 100k is all but lost, as is my +40k , however patience is not my best virtue when it comes to the likes of Liam Brooke, personally i am of the opinion there is no imaginary malfeasance, Liam Brooke is a <redacted by mod>, and the more support that is drummed up, the better. I’d be more impressed if it was police reports rather than audience seeking press reports. How you can lose all on property/land is near impossible as it has inherent value unless there is fraud by all involved solicitors , valuers etc . As FCA oversight has been ongoing I would imagine such widespread fraud as you suggest would be immediately obvious and the company would be reported to Police. Get some relaxation classes forget about things until you got good clear facts. Join groups vent on here whatever makes you feel comfortable. Without an identifiable target that has evidence of wrongdoing you are just howling at the moon. Lendy actual identifiable capital losses are currently as Paul Daniels said “Not a lot” But I hear you say my spider sense says it will be a catastrophe. Let’s wait and see the outcome measured against previous gains to give the overall picture of platform performance.
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Post by martin44 on May 30, 2019 22:56:28 GMT
Once we have got going more specific initiatives to recover our savings will be launched If enough of us join together we will influence the course of events positively, we have a lot of relevant experience between us.
IMHO, for what it is worth, a meeting needs to arranged to formally form a Committee, with elected representatives. THAT meeting needs to be widely advertised.
FWIW, I wish it TOTAL success, for EVERYBODY. I was VERY upset to read this review on Trust Pilot, that was posted on the 10th April 2019;
Oh dear it all seemed so great at the beginning.
Oh dear it all seemed so great at the beginning,I got 12% interest as promised and was encouraged to invest more- I now have £11000 in a series of defaulted loans.some are outstanding now over two years with little or no action,ludicrously uninformative ‘ updates’ appearing every month to tell us nothing except we are proceeding/ as and when/we expect etc etc.
This has caused me severe difficulties as I have had to borrow on credit cards to make up the deficit,at a period of great totally unexpected expenditure for me.I clearly can’t retire as planned due to these actions.nobodys dead,it’s not Stalingrad- but it is a daily source of worry and anxiety.reading the large number of negative reviews has not relieved this one iota.Avoid avoid avoid.
So I will sign up using the website, when it becomes available.
I would like to nominate one of the former posters on this platform, Cooling Dude, to be on the Committee...
Another poster who has already offered help and perhaps is also worthy of a place on the Committee is, Grotdog;
Well I was threatened with being thrown off this forum after being very critical of lendy and management, and predicting just this event. I also suggested the RICS valuations needed to be challenged - and guess what - they started to do so and sued successfully at least once. I was right. I also suggested that individuals got together to sue the company and take control of the assets independently - ie, to sue the individual borrowers. I'm still happy to do so - the administrators are fat cats who will suck every dollar out of it - and anyone who thinks they will see a single pound of return from the administrators needs their head examined. Contact me if you are interested in taking individual action against the property owners through the courts - I'm happy to act as part of a group.. No doubt the admins will say that this post is in some way inappropriate - right now the lenders need to take whatever action to secure their money - which means securing those assets before the administrators do. I can be contacted through Heritage House Consulting if anyone wants. No doubt the admins wont allow my email to be visible - Why, I can only speculate. Good luck everyone. Pete There are more than a number of (now not present) candidates that would make most appropriate candidates for the said committee. IMHO.
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Post by martin44 on May 30, 2019 23:02:17 GMT
You have quite obviously not been paying much attention to recent press reports in the telegraph, trustpilot reviews, and countless talk on this forum over the last 12 months in a myriad of threads, im sorry to inform you, but your 100k is all but lost, as is my +40k , however patience is not my best virtue when it comes to the likes of Liam Brooke, personally i am of the opinion there is no imaginary malfeasance, Liam Brooke is a crook, and the more support that is drummed up, the better. I’d be more impressed if it was police reports rather than audience seeking press reports. How you can lose all on property/land is near impossible as it has inherent value unless there is fraud by all involved solicitors , valuers etc . As FCA oversight has been ongoing I would imagine such widespread fraud as you suggest would be immediately obvious and the company would be reported to Police. Get some relaxation classes forget about things until you got good clear facts. Join groups vent on here whatever makes you feel comfortable. Without an identifiable target that has evidence of wrongdoing you are just howling at the moon. Lendy actual identifiable capital losses are currently as Paul Daniels said “Not a lot” But I hear you say my spider sense says it will be a catastrophe. Let’s wait and see the outcome measured against previous gains to give the overall picture of platform performance. My bold.  good luck.
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cwah
Member of DD Central
Posts: 949
Likes: 468
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Post by cwah on May 30, 2019 23:14:51 GMT
Godanubis to loose all on property is simple. Just add enough administrators cost and make it long enough and it'll quickly go down to £0, or even turn into negative if the money recovered can't recover the fees. I believe these are the main reasons load of platforms are in difficulties and taking up loans themselves when their loan book turn sour. Paying administrators is very very expensive
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Post by ss5678 on May 30, 2019 23:26:19 GMT
An initial introductory website will be going live tomorrow but it will fairly limited at first. The full website will be launched in the next couple of weeks. Thanks for your info... great news. I would guess this website will have register, login, user dashboard, admin CMS that keeps users informed and also allows users to send message to Admin? IF that is the case, then it won't need a few weeks to complete, may be 1-2 weeks' part-time work....I also think it is important to have a "Confidentiality agreement" tickbox during registration.
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Post by Berkeley on May 31, 2019 0:12:19 GMT
This is the right course of action and I also think that the politicians/local MPs should be approached to get their support. ss5678, There is no point in approaching your MP. I tried this back in January and received a reply from John Glen MP ( Economic Secretary to the Treasury ), who is the minister responsible for this area. The pertinent part of his reply is copied below. "As you may be aware, the Financial Conduct Authority (FCA) is the independent non-governmental body responsible for regulating and supervising the financial services industry, including the P2P sector. Although the treasury sets the legal framework for the regulation of financial services, it has strictly limited powers in relation to the FCA. In particular, the Treasury has no general power of direction over the FCA and cannot intervene in individual cases. The independence of the FCA is vital to its role. Its credibility, authority and value to consumers would be undermined if it were possible for the Government to intervene in its decision-making. I would therefore strongly encourage you to raise your concerns with the FCA directly."
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good luck.