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Post by jacqueline on Mar 20, 2020 16:24:44 GMT
I am not finding the emails that Lendy send through helpful.
I have some money that's being held by two projects - DFL019 and PBL179. One is officially in the sales queue; it wasn't possible on the other one so it's still just a loan.
Does anyone know if I am definitely due to get this back, and what kind of percentage I will get back?
And should I just keep checking into the account to see if it appears - or will I get an email that alerts me specifically to there being money in the account? I don't want to have to go through all the emails that Lendy sends!
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jhamster
Member of DD Central
Posts: 102
Likes: 143
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Post by jhamster on Mar 20, 2020 16:30:21 GMT
Are you aware that Lendy is in administration?
You absolutely need to go through every single email Lendy's administrators have been sending. You can view the PDF's on the Lendy website landing page.
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tommytaylor
P2P - The new wild west
Posts: 234
Likes: 375
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Post by tommytaylor on Mar 20, 2020 16:38:36 GMT
Yes it sounds very much like you are unaware that Lendy has gone pop and is now with the administrators.
Have you been living abroad for a while and hopefully you dont have to much invested in your projects.
Do some research and good luck.
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Post by rooster on Mar 21, 2020 7:05:41 GMT
I am not finding the emails that Lendy send through helpful. I have some money that's being held by two projects - DFL019 and PBL179. One is officially in the sales queue; it wasn't possible on the other one so it's still just a loan. Does anyone know if I am definitely due to get this back, and what kind of percentage I will get back? And should I just keep checking into the account to see if it appears - or will I get an email that alerts me specifically to there being money in the account? I don't want to have to go through all the emails that Lendy sends! Some simple answers from me: Lendy and in fact the whole of P2P was never an environment where any Lenders were ever guaranteed to definitely get our investment back. That is why for years there were warning on Lendy's website to relay this. Both your loans went into default. Meaning that they are unlikely to return full capital (though technically possible, even now). With respect of PBL179, the updates state that you received a large return of some of your investment into your bank account back in December 2018! The remainder is presently in legal challenge. I wouldn't rely on the specific/original emails that Lendy used to send that were specific to your investment. It seems to me that the administrators just wrap all advisories up into their semi-frequent administration updates. You should review these to see if your loans are included and in any case, they will give you an idea of the returns being sent to investors more broadly. In all honesty, taking out the Covid-19 and money-laundering parts, their most recent email/letter was only half a page long.
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garfield
Member of DD Central
Posts: 490 
Likes: 268
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Post by garfield on Mar 21, 2020 11:37:23 GMT
Hi Jacqueline Have a look at the pinned thread above:
In particular, you need to ensure you've completed AML checks before you can withdraw any money from your account.
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