adrianc
Member of DD Central
Posts: 7,731 
Likes: 4,352
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Post by adrianc on Jan 19, 2023 18:37:50 GMT
Typical. First one I'm not in, and it's the one that pays most loses least.
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Post by df on Jan 19, 2023 22:04:00 GMT
A gnat's under 40% from PBL84. Some from DFL24, but I don't know what %age. My DFL005 withdrawal arrived in my bank yesterday, nearly two weeks after the request. Better late than never. The chunk from Scottish castle was good loss reduction news for me.
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Post by investor1925 on Jan 24, 2023 9:47:56 GMT
I did my withdrawals on 9/1/2023 & 12/1/2023 & not had either yet. Last time I withdrew, in August 2021, they took 22 days, so anything earlier than that is a win haha Well, the withdrawal actioned on the 9th arrived in my account on the 23rd, precisely 14 days. Fingers crossed for the one on the 12th, oh - and the next one on the 20th.
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Post by jay2 on Jan 24, 2023 12:04:06 GMT
Definitely getting slower as I guess more people request withdrawals:
Requested 5th - arrived 9th
Requested 12th - just arrived today (24th)
Requested 19th...
Good to finally get something back!
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mickj
Member of DD Central
Posts: 419
Likes: 185
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Post by mickj on Jan 25, 2023 12:24:24 GMT
Definitely getting slower as I guess more people request withdrawals: Requested 5th - arrived 9th Requested 12th - just arrived today (24th) Requested 19th... Good to finally get something back! Would be nice if withdrawals could be paid together, requested 12th & 19th both paid on the 24th - I know I am dreaming again. still waiting for my bit.
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k6
Posts: 132
Likes: 78
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Post by k6 on Jan 25, 2023 12:55:14 GMT
Definitely getting slower as I guess more people request withdrawals: Requested 5th - arrived 9th Requested 12th - just arrived today (24th) Requested 19th... Good to finally get something back! Would be nice if withdrawals could be paid together, requested 12th & 19th both paid on the 24th - I know I am dreaming again. still waiting for my bit. If one can hold on without requesting for withdrawal every time few pounds show up on their account perhaps the whole process would be smoother. I got return from a three loans and I am not requesting for withdrawal. Its only couple hundreds. I will wait till all Listed loans are settled. If one got lets say £25 or so , and one does not expect to received more then surely one should withdraw, if one expects more then what is a point of withdrawal request before all / more settles
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jonno
Member of DD Central
nil satis nisi optimum
Posts: 2,513
Likes: 2,855
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Post by jonno on Jan 25, 2023 13:37:44 GMT
Would be nice if withdrawals could be paid together, requested 12th & 19th both paid on the 24th - I know I am dreaming again. still waiting for my bit. If one can hold on without requesting for withdrawal every time few pounds show up on their account perhaps the whole process would be smoother. I got return from a three loans and I am not requesting for withdrawal. Its only couple hundreds. I will wait till all Listed loans are settled. If one got lets say £25 or so , and one does not expect to received more then surely one should withdraw, if one expects more then what is a point of withdrawal request before all / more settles Listen here. I've been waiting years to get my money back from this bunch of bent bastards. The sooner I can get some of it out the better. If you want to let yours build up to relieve pressure on the poor souls then that's up to you! 
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keitha
Member of DD Central
FC loans defaulting faster than I can eat cream cakes
Posts: 2,582
Likes: 1,510
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Post by keitha on Jan 25, 2023 17:05:39 GMT
jonnoone issue to consider is that administrators will be charging for this, I'm not sure what rates the Lendy administrators charge but £180 per hour for admin is not unusual. Unfortunately nothing prevents the administrators having a process that says every repayment must be done individually. ie Login to system, navigate to repayments screen, select the first person, hit repay, log out and repeat for the next one. this could easily mean that each repayment could be costing people £15 or £20 from any future payments. Although the temptation is there to grab it every time a few pounds appears it could be costly in the longer run
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Post by martin44 on Jan 25, 2023 22:16:03 GMT
jonno one issue to consider is that administrators will be charging for this, I'm not sure what rates the Lendy administrators charge but £180 per hour for admin is not unusual. Unfortunately nothing prevents the administrators having a process that says every repayment must be done individually. ie Login to system, navigate to repayments screen, select the first person, hit repay, log out and repeat for the next one. this could easily mean that each repayment could be costing people £15 or £20 from any future payments. Although the temptation is there to grab it every time a few pounds appears it could be costly in the longer run my bold...  its a 5 minute job... what you on about 15 or 20 £ a payment ... we being screwed.
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keitha
Member of DD Central
FC loans defaulting faster than I can eat cream cakes
Posts: 2,582
Likes: 1,510
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Post by keitha on Jan 25, 2023 23:12:28 GMT
martin44When administrators charge £180 an hour for admin staff ( and I've seen higher figures ) that's £3 a minute so yes £15 for a 5 minute job. I thought that was the function of Administrators to reduce the payout to creditors to as near zero as possible
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adrianc
Member of DD Central
Posts: 7,731
Likes: 4,352
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Post by adrianc on Jan 26, 2023 12:06:17 GMT
Individual approval of each and every payout, taking five minutes per payment...? No, that's conspiracy theory guff, sorry.
Administrators have a legal responsibility to maximise the return to creditors.
Why is it taking a fortnight? Gawd knows. But it's definitely not because there's some junior clerk having to go and find the login details, navigate menus, read a ream of paperwork, then click "OK", before logging back out again... then onto the next one? Seriously...?
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neeps
Posts: 77
Likes: 114
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Post by neeps on Jan 26, 2023 17:46:31 GMT
So, latest update tells us that there will be more distributions on 2nd Feb, so none today.
There is also a long backlog of withdrawals. Bearing in mind how slowly this is happening and how long we'd been waiting for the restart of distributions, why didn't they wait and do all these distributions together. We'd have only made one withdrawal each then! Doh!
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Post by goldservice on Jan 26, 2023 17:47:22 GMT
Judging by their comments on this in their newsletter today, they have read your (adrianc) post - but will do BA about it.
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r1200gs
Member of DD Central
Posts: 1,211
Likes: 1,665
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Post by r1200gs on Jan 26, 2023 18:02:15 GMT
Individual approval of each and every payout, taking five minutes per payment...? No, that's conspiracy theory guff, sorry.Administrators have a legal responsibility to maximise the return to creditors. Why is it taking a fortnight? Gawd knows. But it's definitely not because there's some junior clerk having to go and find the login details, navigate menus, read a ream of paperwork, then click "OK", before logging back out again... then onto the next one? Seriously...? 200 a day is one every 4 minutes or so. They have now said it themselves. At their rates, this must be hell for them. Of course they could get three more monkeys to do the work at a fraction of the price, but why would they?
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Post by df on Jan 26, 2023 18:22:02 GMT
Definitely getting slower as I guess more people request withdrawals: Requested 5th - arrived 9th Requested 12th - just arrived today (24th) Requested 19th... Good to finally get something back! Requested 5th - arrived 16th Requested 12th - nothing yet Requested 19th - nothing yet
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its a 5 minute job... what you on about 15 or 20 £ a payment ... we being screwed. 