garfield
Member of DD Central
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Post by garfield on Sept 20, 2019 8:45:55 GMT
It could just as easily be argued that the members of the CC (self elected it would seem) are responsible to all creditors and should share any information in a non-exclusive way. Clearly that is not the populist view. But LAG isn't exclusive... What's the point in duplication? The CC/LAG founders have enough to do without holding everyone's hand!
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averageguy
Member of DD Central
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Post by averageguy on Sept 20, 2019 8:50:38 GMT
But LAG isn't exclusive... What's the point in duplication? The CC/LAG founders have enough to do without holding everyone's hand! And why should it be exclusive to that site or whatever..,why should i be duplicating ...not sure where you get this holding hand bit...hardly that
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Post by billy169 on Sept 20, 2019 9:15:46 GMT
Divied and conquer,,,,must be avoided !!
There's a lot of money involved here,
Some people may not be who they claim,,it's easy to do online.
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rocky1
Member of DD Central
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Post by rocky1 on Sept 20, 2019 9:23:14 GMT
After the KYC checks are completed and loans are sorted out 1 by 1 will whatever is left be returned to lenders who were in the individual loan that has been brought to a disastrous end or are all lenders funds going to be kept by RSM until the very end of the show.not worded very well but I think you know what I am trying to ask.
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Post by Badly Drawn Stickman on Sept 20, 2019 9:23:46 GMT
(self elected it would seem) Incorrect. There was a public vote for attendees of the Creditors Meeting in Birmingham. Those who couldn’t attend were given proxy forms. I could change it to 'carefully engineered coup' if you prefer. The truth is I suspect neither of us wants to get involved in a protracted debate on this point given it benefits nobody at this time.
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quidco
Member of DD Central
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Post by quidco on Sept 20, 2019 10:13:09 GMT
After the KYC checks are completed and loans are sorted out 1 by 1 will whatever is left be returned to lenders who were in the individual loan that has been brought to a disastrous end or are all lenders funds going to be kept by RSM until the very end of the show.not worded very well but I think you know what I am trying to ask. It's my understanding that things will continue as they were before the adminstration and after the AML they are going to repay us the money from loans that have been recovered. However I don't know how RSM plan to pay themselves, I guess they may seek to withhold money due to us to ensure they get paid first.
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Monetus
Member of DD Central
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Post by Monetus on Sept 20, 2019 10:23:31 GMT
After the KYC checks are completed and loans are sorted out 1 by 1 will whatever is left be returned to lenders who were in the individual loan that has been brought to a disastrous end or are all lenders funds going to be kept by RSM until the very end of the show.not worded very well but I think you know what I am trying to ask. No they will be distributed immediately on a loan-by-loan basis as recoveries are processed. Several are already waiting to be paid. The Experian KYC process has apparently gone well and RSM say they will be allocating balances owed to individual accounts in the next couple of weeks with withdrawals opening shortly after.
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Post by default on Sept 20, 2019 10:34:42 GMT
The CC aren't responsible for sharing any information with anyone. Far from it. They are subject to an NDA. As I understand it, RSM are allowing some information to be shared on the LAG website.
RSM haven’t allowed us to share specific information on the LAG website. CC members are doing so themselves voluntarily (under no obligation) and operating within the constraints of an NDA. I personally haven’t written anything about the meeting yet other than a single loan has re-financed (which was on this forum) As my understanding was wrong, I apologise.
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Monetus
Member of DD Central
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Post by Monetus on Sept 20, 2019 10:35:23 GMT
Incorrect. There was a public vote for attendees of the Creditors Meeting in Birmingham. Those who couldn’t attend were given proxy forms. I could change it to 'carefully engineered coup' if you prefer. The truth is I suspect neither of us wants to get involved in a protracted debate on this point given it benefits nobody at this time. Frankly I won’t be engaging or returning here to defend criticism of LAG from a tiny minority of naysayers in future. It’s a free resource staffed by volunteers (like this site) that’s open to anyone. Either sign up or don’t. We don’t owe anyone anything. The 1000+ members of LAG are all working together to improve the result for everyone and there is much work to do. My time is better spent working on matters that will increase the chance of getting more money in investor’s pockets.
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Post by billy169 on Sept 20, 2019 10:38:51 GMT
And I thank you for it !!
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zccax77
Member of DD Central
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Post by zccax77 on Sept 20, 2019 10:56:41 GMT
Same here, thanks for all the hard work.
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Post by jimbo123 on Sept 20, 2019 11:09:30 GMT
Can someone please let me know how to access the "private portal's" so that i can
read the updates on my loans. T.I.A.
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quidco
Member of DD Central
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Post by quidco on Sept 20, 2019 11:18:04 GMT
Can someone please let me know how to access the "private portal's" so that i can read the updates on my loans. T.I.A. Login to Lendy, go to My Loans and in the loan overview if there's a link to a Private Portal then click it
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quidco
Member of DD Central
Posts: 295
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Post by quidco on Sept 20, 2019 11:19:37 GMT
I could change it to 'carefully engineered coup' if you prefer. The truth is I suspect neither of us wants to get involved in a protracted debate on this point given it benefits nobody at this time. Frankly I won’t be engaging or returning here to defend criticism of LAG from a tiny minority of naysayers in future. It’s a free resource staffed by volunteers (like this site) that’s open to anyone. Either sign up or don’t. We don’t owe anyone anything. The 1000+ members of LAG are all working together to improve the result for everyone and there is much work to do. My time is better spent working on matters that will increase the chance of getting more money in investor’s pockets. I'm assuming there's no attempt by some investors to get ahead of others in terms of the queue for scraps from the Lendy carcass.
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Post by jimbo123 on Sept 20, 2019 11:52:16 GMT
Hi quidco It's DFL017 when i go into the loan overview there is no link for me to click on for the update's.
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