adrianc
Member of DD Central
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Post by adrianc on Feb 16, 2016 7:46:21 GMT
His number isn't on the company's website...?
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Post by lionelrichtea on Feb 16, 2016 11:11:03 GMT
***** ******
From the contact page of the *** website.
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ablender
Member of DD Central
Posts: 2,204
Likes: 555
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Post by ablender on Feb 16, 2016 11:18:09 GMT
Can you access "your investment" page? I wanted to check the latest status of ***M****Ltd before I do a call and cannot reach the list of my loans.
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Post by bonfemme on Feb 16, 2016 12:17:17 GMT
The 12 February payment is still "scheduled"
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Post by nanniema on Feb 16, 2016 15:34:39 GMT
According to the loan comment from LC the director has promised payment by the end of the week.
According to the Companies House entry it is a Mr. Pinnocchio.
Whatever happens it will be a minimum 4 weeks before it is able to go on the SM, according to the latest, made up on the spur of the moment T & C.
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ablender
Member of DD Central
Posts: 2,204
Likes: 555
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Post by ablender on Feb 16, 2016 16:26:31 GMT
According to the loan comment from LC the director has promised payment by the end of the week. According to the Companies House entry it is a Mr. Pinnocchio. Whatever happens it will be a minimum 4 weeks before it is able to go on the SM, according to the latest, made up on the spur of the moment T & C. Is he the same Pinnocchio whose nose change sizes?
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Post by nanniema on Feb 17, 2016 11:46:31 GMT
Yes, I thought I might get into trouble if I said what I really think he is.
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pip
Posts: 542
Likes: 725
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Post by pip on Feb 17, 2016 12:31:37 GMT
Yes, I thought I might get into trouble if I said what I really think he is. Don't hold back truth and honest opinion are pretty good defences in defamation.
I will say it as I see it, this guy has made statements that he would make payments in a certain time frame that he has not historically fulfilled. Whether these statements were made in good faith one can only speculate, but the facts are that the promised actions were not fulfilled. Based on this I have little confidence of relying on his current statements.
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Post by lendingcrowd on Feb 18, 2016 12:21:34 GMT
Hi all,
We are continuing to work on this payment and will update investors via loan comments when we have more information.
Many thanks,
LendingCrowd
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Post by trentenders on Feb 19, 2016 19:28:53 GMT
From LC (my bold):
"It is disappointing to advise that we received an update from the Director today to advise that the payment will be made on Wednesday 24 February with the view to clear the loan in full by the end of March. If the payment is not received on Wednesday we will be issuing a legal letter."
Here's hoping. I've had enough of this one now.
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ablender
Member of DD Central
Posts: 2,204
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Post by ablender on Feb 20, 2016 9:20:37 GMT
From LC (my bold): "It is disappointing to advise that we received an update from the Director today to advise that the payment will be made on Wednesday 24 February with the view to clear the loan in full by the end of March. If the payment is not received on Wednesday we will be issuing a legal letter." Here's hoping. I've had enough of this one now. Is "issuing a legal letter" the first step to default the loan?
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pip
Posts: 542
Likes: 725
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Post by pip on Feb 20, 2016 17:50:19 GMT
I think lc have been pretty good with their communication, assuming we are being told everything.
Am I a bit annoyed with lc that this borrower has other businesses that were not disclosed in the loan details, yes.
Am I annoyed with myself for lending to a borrower with such a poor credit rating, which in fairness was fully disclosed, yes.
Am I annoyed with the borrower for continually paying late, for funding other businesses including a property development while not paying his debts and for making promises which continually don't get delivered, definitely.
I hope this pays back, clearly like everybody lost any respect for anything this director says. If it does default the £50 referral and £100 opening bonus almost covers this loss so assuming there are not too many more I will survive. Probably not somewhere I will put any more money though before we can see the long term default rate.
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Post by nanniema on Feb 24, 2016 16:27:09 GMT
Hi all, We are continuing to work on this payment and will update investors via loan comments when we have more information. Many thanks, LendingCrowd Oh goody today is the 24th and they will be making a payment. Oh yes they will, that nice Mr. Pinnocchio promised faithfully and he never tells porkies. I know it's late but I have every faith in Mr. P. So far it's been a lovely day and matron said there will be chocolate pudding for tea.
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alanp
Member of DD Central
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Post by alanp on Mar 3, 2016 17:46:46 GMT
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Post by trentenders on Mar 3, 2016 18:50:55 GMT
Email received:
"A new comment has been added regarding the loan Growth loan for *** M********** LTD.
Loan comments communicate important information regarding alterations in loans that you hold investments in.
View the new comment below:
We continue to be in dialogue with the borrower and have to advise that he is making every effort to gather in outstanding invoices with a view to bringing matters up to date. We have also seen evidence that he is raising finance through the equity in his property in order to re-capitalise his business. Part of the proceeds will be used to repay the outstanding debt via Lendingcrowd in full during March. Meantime it is hoped that either full payment or part payment of the overdue February instalment will be forthcoming in early course as outstanding invoices are collected. The borrower has apologised for the inconvenience caused"
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