More defaults - The hardcore facts

So we must praise the small amount of recovery of some loans in a £2.5 million bad debt mountain? Why? It's still polishing a turd.

The only people an adjustment to the report may help is those trapped on platform that want out at the probable expense of the inexperienced incomers. Could it be the you captainconfident are in that number that want out?

The report posted by dodgeydave serves as a clear guide to potential investors that care is needed when assessing the risks posed by this platforms awful past operating methods and information.

For instance, we no longer see "why we are safe to lend.." on loans presented. Instead we now see a clear warning that any cash invested can be lost and there is no compensation scheme.

I also wonder why platform have not taken up the offer of 80 to 85% discounts made by 2 posters in order to let them walk away. Surely the management have total confidence in their recovery process to know that this is a good deal.

captainconfident

I am pleased you are missing my monthly updates on defaults. But the reason i have stopped is mainly due to the fact i dont have time anymore. It really is time to let the sleeping DOGS lie. But if you want to poke them with a stick . Here is my final comment on the late loans for 2017

Cr*****e B******g now 290 days late 

R****n t/a Fr****on B***i Ltd now 68 days late after interest only payments

K*****y G******on now 37 days late with interest only payments

G* F***s now 361 days late

Bus****s T********y Group ltd now 362 days late

M & * C****s now 336 days late

E****st Fac****y Man*****nt now 53 days late

A**x So******rs Ltd ( A***m So******rs ) now 283 days late

Oc****s F*****e and l*****g ltd now 280 days late

O***n E*****s Ltd now 280 days late

H** Dr***ll Ltd now 255 days late

A***a R********nt S******ns Ltd now 113 days late

W*******ee P********s Ltd now 192 days late

And a major drum roll for you favorite loan


V*****ge V*****es Ltd now only 60 days late

And coming to you over the weekend 

X****u R***il Ltd ( B**8 M**n ) currently at 88 days late

So lets all sit back and see what happens in 2018.

Possibly a mild and generous way of putting things nomad. I would have thought they, for clarity.. those nursing losses and no specific person or persons, would be more vociferous on here but it seems not.
Maybe they have a more direct route, that is more effective, to vent their lack of delight or they are waiting until they have been able to pass the majority of their holdings to the unwary new investors.
Or, they are deleriously happy to accept large losses, £2.5 million, as part of investing collectively on platform due to the platforms actions.

I believe that lendingcrowd are to this day still guilty of this very same crime.