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Post by lendingcrowd on Apr 7, 2016 10:29:05 GMT
Hi everyone,
Thank you for your messages and for drawing our attention to this issue. We understand that this needs to be resolved quickly and we are hoping to have an update as soon as possible.
We will post more information as we have it.
Thanks, LendingCrowd
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ablender
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Post by ablender on Apr 7, 2016 11:07:24 GMT
Hi LittleBear, I wasn't around. Sorry for not replying. When I called they only said that they will look into it (this was yesterday) - like what they just said in the post above.
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LittleBear
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Post by LittleBear on Apr 7, 2016 11:15:40 GMT
Thank you both for replying. I hope it is resolved soon.
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grahamg
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Post by grahamg on Apr 7, 2016 14:16:01 GMT
Got this answer to an email Thank you for your email. We are looking into this issue urgently - it has been raised by a number of investors and we are hoping to have this resolved as soon as possible. We will provide further updates as soon as we can.
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shimself
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Post by shimself on Apr 9, 2016 8:39:38 GMT
Other threads here are quite specific, the possible recovery using a PG or Security does NOT prevent you calling the loan a default now, that's the law. I assume any recovery income is liable for tax subsequently. Be good if it wasn't!
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awk
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Member is Online
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Post by awk on Apr 19, 2016 12:09:56 GMT
Hi everyone, Thank you for your messages and for drawing our attention to this issue. We understand that this needs to be resolved quickly and we are hoping to have an update as soon as possible. We will post more information as we have it. Thanks, LendingCrowd Hi lendingcrowd , just been in to print off my tax statement and it is still showing bonuses as "earnings to be declared to HRMC" do you have any update on this please? many thanks
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pip
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Post by pip on Apr 25, 2016 18:38:50 GMT
Hi everyone, Thank you for your messages and for drawing our attention to this issue. We understand that this needs to be resolved quickly and we are hoping to have an update as soon as possible. We will post more information as we have it. Thanks, LendingCrowd Hi LC, any update yet on whether the bonuses are going to stay included as taxable income? I think you can take the silence to mean it's not going to change. So I am in a position where I am paying tax on the sign up bonus and interest but no tax relief on the large bad debt I'm incurring. This leads me to a post tax loss
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min
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Post by min on Apr 25, 2016 19:17:52 GMT
Hi everyone, Thank you for your messages and for drawing our attention to this issue. We understand that this needs to be resolved quickly and we are hoping to have an update as soon as possible. We will post more information as we have it. Thanks, LendingCrowd lendingcrowd An update would be appreciated.
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TheDriver
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Slightly bonkers
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Post by TheDriver on Apr 25, 2016 20:04:10 GMT
Hi LC, any update yet on whether the bonuses are going to stay included as taxable income? I think you can take the silence to mean it's not going to change. So I am in a position where I am paying tax on the sign up bonus and interest but no tax relief on the large bad debt I'm incurring. This leads me to a post tax loss Can't you annotate the error on the statement and put the correct figures into your return?
Maybe by the time I do mine next January it will have been resolved!
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pip
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Post by pip on Apr 25, 2016 23:04:58 GMT
I think you can take the silence to mean it's not going to change. So I am in a position where I am paying tax on the sign up bonus and interest but no tax relief on the large bad debt I'm incurring. This leads me to a post tax loss Can't you annotate the error on the statement and put the correct figures into your return?
Maybe by the time I do mine next January it will have been resolved!
If they are going to report the earnings to HMRC then I would prefer if they matched. Have you ever tried dealing with HMRC when your self assessment declaration does not match what they were expecting...nightmare!
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TheDriver
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Post by TheDriver on Apr 26, 2016 9:49:15 GMT
Hi Pip;
Agreed, and no - not something I'd relish!
Obviously correct implementation for the statement would be vastly preferable, and expected!
Perhaps I should have written "hopefully" rather than "maybe" from my perspective, and preferably much sooner.
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LittleBear
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Post by LittleBear on Apr 29, 2016 9:50:55 GMT
lendingcrowd It is disappointing and frustrating that you are clearly reading the forum posts (you have replied quite promptly on another topic), but this one has had no update for over three weeks. Updates on distressed loans are also frustratingly few and far between. Greater communication with lenders would go a long way to reassure me that my money is safe with you. At the moment, I am investing nothing further in LC, despite having funds available, and will withdraw my holdings when the bonus minimum term is completed.
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pom
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Post by pom on Apr 29, 2016 10:29:04 GMT
Similarly disappointed by the lack of update - the only other ones I'm waiting on at the moment are from platforms are where they need to create them manually for me, which is fair enough I think. Meanwhile one other platform has actually corrected/updated their online ones TWICE (and very promptly) on my requests. To hear no updates at all is therefore definitely "below average"
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treeman
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Post by treeman on Apr 29, 2016 12:30:17 GMT
I've not had a reply to an email on the subject which is even more disappointing ............
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treeman
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Post by treeman on May 4, 2016 12:48:13 GMT
Have now had a reply from LC -
" We are still investigating this and have sought legal advice on this matter to clarify it finally.
I can only apologise for how long this has taken to sort out. "
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