ukinvestor
Member of DD Central
Posts: 116
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Post by ukinvestor on Oct 31, 2021 16:33:47 GMT
After the "withdrawal to bank account fee" of €1.50, we now got the "account maintenance fee".
From the Viventor web site: Account maintenance fee 10% with a minimum of €100
Has anyone worked out how this going to work?
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Post by captainconfident on Nov 2, 2021 23:18:07 GMT
I assume that they actually mean "maximum" not minimum, then it makes a bit of sense. So their explanation reads "Unlike any other P2P site, the fact that we are not going to apply for a licence to trade justifies that we can unilaterally declare that we can start taking your money".
Viventor is the case of the reverse take-over of a P2P platform by its biggest borrower, with seemingly the intent then to deny its responsibility for the debts, while the borrowing company continues to trade. It is fascinating to watch, as it is so obviously not going to pass any legal test, but which court and which group of investors will get together to make the challenge? Or will the planners of this shabby move get way with it, as they presumably expect? I've got 3.5k riding on this so I'm keen to join up with activists, but from where? German P2p investors most likely. I watch their websites with interest.
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Post by overthehill on Nov 3, 2021 9:40:57 GMT
I assume that they actually mean "maximum" not minimum, then it makes a bit of sense. So their explanation reads "Unlike any other P2P site, the fact that we are not going to apply for a licence to trade justifies that we can unilaterally declare that we can start taking your money". Viventor is the case of the reverse take-over of a P2P platform by its biggest borrower, with seemingly the intent then to deny its responsibility for the debts, while the borrowing company continues to trade. It is fascinating to watch, as it is so obviously not going to pass any legal test, but which court and which group of investors will get together to make the challenge? Or will the planners of this shabby move get way with it, as they presumably expect? I've got 3.5k riding on this so I'm keen to join up with activists, but from where? German P2p investors most likely. I watch their websites with interest. So now is not good time to open an account then ?!
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ukinvestor
Member of DD Central
Posts: 116
Likes: 34
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Post by ukinvestor on Nov 3, 2021 17:08:13 GMT
Said with tongue in cheek...
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ukinvestor
Member of DD Central
Posts: 116
Likes: 34
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Post by ukinvestor on Nov 8, 2021 14:05:24 GMT
I assume that they actually mean "maximum" not minimum, then it makes a bit of sense. So their explanation reads "Unlike any other P2P site, the fact that we are not going to apply for a licence to trade justifies that we can unilaterally declare that we can start taking your money". Viventor is the case of the reverse take-over of a P2P platform by its biggest borrower, with seemingly the intent then to deny its responsibility for the debts, while the borrowing company continues to trade. It is fascinating to watch, as it is so obviously not going to pass any legal test, but which court and which group of investors will get together to make the challenge? Or will the planners of this shabby move get way with it, as they presumably expect? I've got 3.5k riding on this so I'm keen to join up with activists, but from where? German P2p investors most likely. I watch their websites with interest. From the price list: 10% with a minimum of €100I had not cash in the account at the end of October, only funds in transit and stuck loans, so didn't pay anything. Anyone paid the Account Maintenance Fee and can confirm how much it was?
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kulerucket
Member of DD Central
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Post by kulerucket on Dec 27, 2021 2:01:07 GMT
The past few months I have had <100EUR each time and they have threatened to take it all every month so I've had no choice but to pay the 1.50EUR and grab whatever I can.
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ukinvestor
Member of DD Central
Posts: 116
Likes: 34
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Post by ukinvestor on Jan 27, 2022 18:34:45 GMT
Did anyone get an email reminder from Viventor in January 2022 for the monthly withdrawl?
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Post by tigerbalm on Jan 29, 2022 10:50:45 GMT
Yes, I got one yesterday. Last month I paid E1.5 to withdraw about 5 (so I got 3.5) and this month I will pay E1.5 to get 4.01 (I will get 2.51).
I have written to them but not received any reply. It looks like a dood way to take a good chunk of whatever you have lkeft there over time.
Not sure what to do about it though !
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ukinvestor
Member of DD Central
Posts: 116
Likes: 34
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Post by ukinvestor on Jan 29, 2022 22:46:21 GMT
Yes, I got mine this morning. We have until 4th February to withdraw the balance.
I think lots of people are wondering what to do about this...
If I remember the T&Cs correctly, they can unilaterally introduce new fees...
And nobody is going to take them to court for 1.50€...
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