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Post by birdie on Nov 5, 2021 9:35:02 GMT
Still nothing being lent out, I kept a bit in there for curiosity more than anything but repayments are being paid but nothing going out.
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Post by tommycatz on Nov 23, 2021 14:09:55 GMT
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Post by flatbroke on Nov 23, 2021 16:13:49 GMT
It's not just LW. Just to provide the whole picture the article states "this year no P2P platforms were included (in the Deloitte UK Fast 50), while in the previous year’s list there were four, comprising Lendable, ranked 17th, CrowdProperty (40th), LendingCrowd (49th) and Lending Works (50th).
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Post by df on Nov 23, 2021 17:47:59 GMT
Still nothing being lent out, I kept a bit in there for curiosity more than anything but repayments are being paid but nothing going out. I've stopped reinvesting since the rates dropped to 4.5%, just withdrawing returns (@negative rate since Covid ). I might reinvest in future, but can't see any logic in doing it now (unless for curiosity  )
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sussexpeer
Member of DD Central
If you don't make a plan, you'll end up where you're headed.
Posts: 66
Likes: 53
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Post by sussexpeer on Dec 5, 2021 10:47:23 GMT
I see Bulb energy were number 2 in the 2020 Top 50, but I hear they've just popped. 
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Post by birdie on Dec 5, 2021 10:54:22 GMT
I've just made another withdrawal, lending times are ridiculous, all repayments are going into my wallet.
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mogish
Member of DD Central
Posts: 1,105
Likes: 527
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Post by mogish on Dec 11, 2021 15:06:39 GMT
I wish they would do a zopa and give us our money back. Dread the day an e maIl pops up saying due to xxx we can no longer pay you your investment back...however im loath to pay them the extortionate escape fee.
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Post by overthehill on Dec 11, 2021 15:39:56 GMT
I wish they would do a zopa and give us our money back. Dread the day an e maIl pops up saying due to xxx we can no longer pay you your investment back...however im loath to pay them the extortionate escape fee.
Latest 4thway report still has a rosy complexion, it covers a lot. The report might look good to an outsider or a newbie with disposable income but what it doesn't do is show the massive discrepency in outcomes between investors, the way existing investors were treated, the unjustified fees for exiting (profiteering) and the amount of cash drag there still is even up to the present day so the advertised returns are not real (there are plenty of other P2P in that same boat of course).
As for me it was get me out of here, I'm an investor. But I'm not paying a stupid premium for the satisfaction. I'm amazed they are still weathering all this negative publicity rather than let old investors out, how much are they losing in lost business?
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mogish
Member of DD Central
Posts: 1,105
Likes: 527
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Post by mogish on Dec 11, 2021 16:06:02 GMT
I wish they would do a zopa and give us our money back. Dread the day an e maIl pops up saying due to xxx we can no longer pay you your investment back...however im loath to pay them the extortionate escape fee.
Latest 4thway report still has a rosy complexion, it covers a lot. The report might look good to an outsider or a newbie with disposable income but what it doesn't do is show the massive discrepency in outcomes between investors, the way existing investors were treated, the unjustified fees for exiting (profiteering) and the amount of cash drag there still is even up to the present day so the advertised returns are not real (there are plenty of other P2P in that same boat of course).
As for me it was get me out of here, I'm an investor. But I'm not paying a stupid premium for the satisfaction. I'm amazed they are still weathering all this negative publicity rather than let old investors out, how much are they losing in lost business?
I dont think they really care as no new investors are actually getting invested anyway, then pull cash back out and go elsewhere. New money being lent is coming via the intriva group or elsewhere. Retail investors are the last in line. Seems most platforms are going the same way, i just wish LW would come clean instead of saying you can leave but it will cost you big time, yet again ripping us off. The trustpilot reviews are generally positive as they are mainly from borrowers. Any new lenders would be mad to invest if they read the reviews.
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mogish
Member of DD Central
Posts: 1,105
Likes: 527
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Post by mogish on Jan 18, 2022 8:21:47 GMT
No change to their website.
Still suggesting you can lend!
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Post by birdie on Jan 18, 2022 10:01:56 GMT
It does seem a shambles, I had a bit in my holding account and there was the big red writing pointing at it saying ( this money is not earning interest) it's a laugh, my settings are now set to withdraw every Friday until it's all returned, I begrudge paying to get it early.
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mogish
Member of DD Central
Posts: 1,105
Likes: 527
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Post by mogish on Jan 18, 2022 15:32:39 GMT
I also begrudged paying them anything but I'm glad I've reduced my funds before the next e mail of doom arrives.
My sick way of payback is transferring isa requests for small amounts.
Makes me feel so much better😁
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Post by overthehill on Feb 28, 2022 17:14:08 GMT
The adrenaline rush and heightened expectation when the monthly Lending Works email drops into your mailbox, no feeling like it!
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mogish
Member of DD Central
Posts: 1,105
Likes: 527
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Post by mogish on Feb 28, 2022 21:00:01 GMT
The adrenaline rush and heightened expectation when the monthly Lending Works email drops into your mailbox, no feeling like it! You can buy loans from other investors but there are now not many investors selling loans now. No s@i$ sherlock!! Is that's because they have all left, or sold out at extortionate fees already. They really are entertaining with their story book e mails.
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Post by overthehill on Mar 11, 2022 10:53:12 GMT
How much does it cost Lending Works for my weekly withdrawals of £1-£5 ?
Alternatively they could do the respectable thing. BUY THE LOANBOOK, I think they've squeezed the orange dry with negative interests and extortionate exit fees.
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