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Post by overthehill on Nov 20, 2020 16:11:20 GMT
Lending Works....
"The fair and simple P2P platform"
You couldn't make it up!
That could mean they are all blonde and not very bright.
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Post by decleoro on Nov 21, 2020 2:25:21 GMT
I don't know why Matthew doesn't come and say a few words. Or does he not care about the bussiness anymore since he's selling his shares (* *, Jack, I'm alright)
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Post by decleoro on Nov 21, 2020 2:55:35 GMT
Oh dear.. Yes I do wish Matthew would try to give us some succinct information. One thing that has struck me that no one has mentioned is that we were informed of the negative interest situation a day or so before the Chancellor stated that Furlough would be extended to the end of March. In the information LW gave us they mentioned at least twice that the end of furlough was going to prove more losses etc etc. But this will now not be the case. Also the vaccines will start to roll out soon. This is going to be an absolute certainty. It would be nice to hear a statement from LW acknowledging this.
From what I can glean from what is happening in peer to peer I believe both RS and lending works are looking to get rid of retail investors such as us possibly because FCA new rules are difficult to accommodate. I am reading all kinds between the lines of what is going on. I am, as all of you are, allarmed that we have this negative interest situation and wonder if they will continue it for the three months and more even though the situation days after the statement is obviously improving?. To me my capital is the money I had when they stopped paying interest to us.
Yes we really could do to hear something from Matthew. Seems the new company are steering the ship perhaps ??
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keystone
Member of DD Central
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Post by keystone on Nov 22, 2020 17:04:16 GMT
.
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benaj
Member of DD Central
N/A
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Post by benaj on Nov 22, 2020 17:11:41 GMT
I'm getting " 500 Internal Server Error" when trying to see how much they have <redacted> today. Have they done a Collateral? Login? Success. Download 2020 November transactions? Success.
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criston
Member of DD Central
Posts: 1,204
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Post by criston on Nov 24, 2020 9:05:00 GMT
Account total reduced. 23/11/20 0.2%. 24/11/20 0.02%
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morris
Member of DD Central
Posts: 272
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Post by morris on Nov 24, 2020 10:54:59 GMT
Account total reduced. 23/11/20 0.2%. 24/11/20 0.02% Similar to my experience. I wonder if these reductions are being applied across the board or if it is dependent upon the cohort you are invested in.
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keystone
Member of DD Central
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Post by keystone on Nov 24, 2020 11:36:55 GMT
Probably dependent on where the dart lands on the dart board.  |
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IFISAcava
Member of DD Central
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Post by IFISAcava on Nov 24, 2020 11:37:02 GMT
Similar to my experience. I wonder if these reductions are being applied across the board or if it is dependent upon the cohort you are invested in. The fact that we have been given zero information on how our "negative interest" is being calculated speaks volumes.
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benaj
Member of DD Central
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Post by benaj on Nov 24, 2020 11:38:37 GMT
May be it's time to start another thread. There's no update from the platform.  |
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Post by jonrgrant on Nov 24, 2020 12:55:38 GMT
Unfortunately the forum deletes any truthful words from the victims in order to hide the truthful action of LW.
Therefore unless it’s full of artificial flowers and not weeds a new thread would probably be liable to the same tactics hidden in modern censorship.
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Post by EJi on Nov 24, 2020 13:10:37 GMT
Unfortunately the forum deletes any truthful words from the victims in order to hide the truthful action of LW. Therefore unless it’s full of artificial flowers and not weeds a new thread would probably be liable to the same tactics hidden in modern censorship. Could start one on the other forum. They are much more reasonable about what people write. I don't think I can post a link to it without being modded. It's purple and begins with F (Ooh Betty).
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Post by Ton ⓉⓞⓃ on Nov 24, 2020 13:19:46 GMT
Unfortunately the forum deletes any truthful words from the victims in order to hide the truthful action of LW. Therefore unless it’s full of artificial flowers and not weeds a new thread would probably be liable to the same tactics hidden in modern censorship.
From my point of view as a Mod the problem with these "truthful words" is that they tend to appear libellous. Can you guys put these "truthful words" in a way that isn't libel; and we'll be more than happy to leave them as they stand. I should say I think most of you are talking about this in an un-libellous way.
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Post by Ace on Nov 24, 2020 14:18:06 GMT
Similar to my experience. I wonder if these reductions are being applied across the board or if it is dependent upon the cohort you are invested in. If can't be across the board as my reductions are different to those quoted on here. My data points are: Total account value on 8/11/2010 = £895.95. Total account value on 24/11/2010 = £895.41. So, a reduction of 0.06% over 16 days for me.
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Post by essexboy on Nov 24, 2020 14:32:00 GMT
These are my stats since I started tracking in the last few days (I have no doubt suffered charges before this but feel I might be able to see the actual numbers on the November monthly statement when its released)... Date
20-Nov-20
23-Nov-20
24-Nov-20
| % of Cap repayment 'charged by LW*
25%
22%
45%
| Implied Annual Rate**
-30.5%
-47.7%
-42.7%
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*% of cap repayment example: If I get paid £3 in capital, yet my account reduces by £5 then this would be 2/5 = 40% **Implied Annual Rate (i.e. the negative interest rate) example: If my account balance was £1700 before the above charge of £2, then its -2 / 1700 / 1 x 365 = -42.9% (where 1 represents the number of days over which the account changed) And if my account balance ends up being zero-ed out by these charges, then these charges (said to be diverted to the shield) presumably are money I will never see again because I am not 'due' any further repayments! This is not libel. Its a fact. |
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