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Post by bigstevecat on Aug 19, 2017 8:40:58 GMT
I have quite a few thousand in this one due to having too many irons in various fires. Anyway I have to say that I will be surprised if this geyser doesn't show Lendy a few more stalling tactics. After doing some digging I fully expect Lendy to get the run around and end up being so embarrassed they then accept a paltry offer to be rid of it. One thing for sure is that after doing my digging I would never ever have lent this guy a packet of fags so what were Lendy thinking.
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oldgrumpy
Member of DD Central
Posts: 5,087 
Likes: 3,233
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Post by oldgrumpy on Aug 19, 2017 9:00:54 GMT
We flagged this up publicly almost as soon as the loans started*, so why did so many people throw money into them? Everybody should do some DD to reveal and expose untrustworthy borrowers and inept platform operatives, to minimise their own losses. In many cases, lenders didn't.
* Lendy, in their arrogance, publicly posted somewhere on this forum, that it wasn't the borrower's "record" that mattered - it was the security. They couldn't even get that realistically right, as in some other loans.
I'm off for a banana.
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Post by p2plender on Aug 19, 2017 10:02:11 GMT
We could of course 'pass the parcel' with ease back then. I recall selling (with ease) the day The Times broke the story.
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mickj
Member of DD Central
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Likes: 191
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Post by mickj on Aug 19, 2017 11:30:31 GMT
Yes, we were assured it was the security that mattered, this could be sold and there was a good rental income from the tenant, was there also a personal guarantee ?
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Post by martin44 on Aug 19, 2017 11:39:18 GMT
Yes, we were assured it was the security that mattered, this could be sold and there was a good rental income from the tenant, was there also a personal guarantee ? I might buy some it sounds that good.. 
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Post by charliebrown on Aug 19, 2017 15:33:19 GMT
We flagged this up publicly almost as soon as the loans started*, so why did so many people throw money into them? Everybody should do some DD to reveal and expose untrustworthy borrowers and inept platform operatives, to minimise their own losses. In many cases, lenders didn't. * Lendy, in their arrogance, publicly posted somewhere on this forum, that it wasn't the borrower's "record" that mattered - it was the security. They couldn't even get that realistically right, as in some other loans. I'm off for a banana. I avoided investing in these 2 loans thanks to reading the alarm bells that were posted on this board. i don't stand to lose anything in these loans but in many ways that's not a comfort. I think all LY members lose out here whether they're personally invested in these loans or not. ISTM that all p2p sites, including LY, are very sloppy. They're wide open to determined fraudsters and charlatans. A soft touch. Some platforms don't even seem to care, they simply say oh well defaults happen, make sure you're diversified and we'll all be ok. On to the next one....
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Post by shyinvestor on Aug 19, 2017 18:08:22 GMT
For those of us who were not savvy enough to steer clear of this one, and who did not pick up the story of a case against the Coop bank, is it possible to steer us to a website which will give us the gory details of what has happened in the past with this borrower?
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MarkT
Member of DD Central
Posts: 190
Likes: 159
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Post by MarkT on Aug 19, 2017 20:05:33 GMT
For those of us who were not savvy enough to steer clear of this one, and who did not pick up the story of a case against the Coop bank, is it possible to steer us to a website which will give us the gory details of what has happened in the past with this borrower? There is an agricultural forum which may be of assistance.
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treeman
Member of DD Central
Posts: 1,026
Likes: 557
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Post by treeman on Aug 19, 2017 20:23:00 GMT
For those of us who were not savvy enough to steer clear of this one, and who did not pick up the story of a case against the Coop bank, is it possible to steer us to a website which will give us the gory details of what has happened in the past with this borrower? A few links PM'd to avoid names ........... 
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Post by martin44 on Aug 19, 2017 21:42:01 GMT
To my surprise (horror) i found today i have £100 invested in the tin shed... tbh i have no recollection of ever investing in this..... i wonder if i was inebriated.
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Post by bigstevecat on Aug 20, 2017 8:37:52 GMT
Wish I had £100 in it you lucky devil. LOL
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elliotn
Member of DD Central
Posts: 3,064
Likes: 2,681
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Post by elliotn on Aug 20, 2017 13:06:55 GMT
For those of us who were not savvy enough to steer clear of this one, and who did not pick up the story of a case against the Coop bank, is it possible to steer us to a website which will give us the gory details of what has happened in the past with this borrower? You did not read the very first posts in 2015?
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elliotn
Member of DD Central
Posts: 3,064
Likes: 2,681
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Post by elliotn on Aug 20, 2017 13:09:01 GMT
To my surprise (horror) i found today i have £100 invested in the tin shed... tbh i have no recollection of ever investing in this..... i wonder if i was inebriated. I'm forever making such corrections. Late afternoon relaxation here is mid-morn back in Blighty!
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GeorgeT
Member of DD Central
Posts: 1,322
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Post by GeorgeT on Aug 20, 2017 16:00:44 GMT
To my surprise (horror) i found today i have £100 invested in the tin shed... tbh i have no recollection of ever investing in this..... i wonder if i was inebriated. Perhaps you had intended to invest £1 so you would be copied in to all comunications on the loan, but owing to being inebriated you accidentally bought £100. It's an easy mistake to make. On my phone, as soon as I type a 1 it auto fills the field with 100 because that's my usual amount to sell loan parts in.
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Post by spareapennyor2 on Aug 25, 2017 15:59:32 GMT
tin shed
Taunton County Court today
on a farming forum
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