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Post by carol167 on Feb 9, 2020 16:27:38 GMT
Did you get every penny back ?
I am still in the process of cashing out now, but it looks like I'm going to have about £1,600 stuck in unsellable loans.
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IFISAcava
Member of DD Central
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Post by IFISAcava on Feb 9, 2020 16:29:44 GMT
Did you get every penny back ?
I am still in the process of cashing out now, but it looks like I'm going to have about £1,600 stuck in unsellable loans.
no - 10% (about £1600) unsellable - but I expect that the shield will continue to repay these as and when, assuming the current LW strategy is sustainable. EDIT: apologies - I was referring to my entire investment. For the money I cashed out in Dec, it was all sellable then had I requested it. Setting aside the interest shortfall fee, I also don't think it was clear that after 1st Jan a proportion of loans would change from sellable to unsellable.
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Post by Ace on Feb 9, 2020 16:59:11 GMT
Yes. Two accounts both totally sold after two rounds of sales each.
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benaj
Member of DD Central
N/A
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Post by benaj on Feb 9, 2020 17:07:28 GMT
Yes, 100% capital back, plus interest and promotional bonus. All loan chunk sold within 48 hours. No money stuck and no fees (after calling CX).  It was good service from Lending Works in December. 5 star |
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easylender
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Post by easylender on Feb 9, 2020 20:38:06 GMT
I advised a friend who has a lower risk tolerance than I have to cash out in December and he got every penny.
I'm in for the long term so not cashing out.
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Post by stevexxx on Feb 13, 2020 12:21:18 GMT
I also cashed in one account in Dec, they returned every penny in less than 7 days. I wish now I had closed both my accounts though as nothing seems transparent anymore..
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Post by skidrow on Feb 13, 2020 14:01:57 GMT
Yes. All capital returned plus interest. Two rounds of sales needed a few days apart.
Edit: should have added that the above was in December
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alanh
Posts: 556
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Post by alanh on Feb 13, 2020 16:26:06 GMT
I cashed out completely in the last week of November and got everything back (but incurred the 0.5% selling fee)
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rogedavi
Member of DD Central
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Post by rogedavi on Feb 13, 2020 16:40:40 GMT
yeah I got everything back.
sometimes I get a bit nostalgic and am tempted to invest back in. and then I sober up.
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