littleoldlady
Member of DD Central
Running down all platforms due to age
Posts: 3,045
Likes: 1,862
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Post by littleoldlady on Jun 8, 2016 18:31:45 GMT
..... as in the event of a shortfall, Lendy have the provision fund to cover any shortfall to ensure investors do not lose their funds.I do wish that SS did not make such definitive commitments which they may be unable to fulfill (my bolds).
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Post by GSV3MIaC on Jun 8, 2016 19:18:53 GMT
Yes, it's unreasonably close to 'you WILL all get your 12%' ('or else we will fall on our swords'), which is really unlikely to fly, out there in the real world. But this whole debate is getting old and wrinkly already, why don't we just wait to see what the future actually holds. 8>.
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jonah
Member of DD Central
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Post by jonah on Jun 8, 2016 19:49:34 GMT
. But this whole debate is getting old and wrinkly already, why don't we just wait to see what the future actually holds. 8>. QOTD
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jsmithe
Member of DD Central
Posts: 74
Likes: 22
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Post by jsmithe on Jun 9, 2016 14:23:34 GMT
I'm new to this and it looks like I started at an interesting time.
My experience so far: they talk big but the current state of affairs with the default puts that into question.
Also, I have noticed they are not big on communication.
I've put in a small amount into various loans but am holding out to see what happens with the default before considering further involvement.
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Post by dualinvestor on Jun 9, 2016 16:38:56 GMT
I'm new to this and it looks like I started at an interesting time. My experience so far: they talk big but the current state of affairs with the default puts that into question. Also, I have noticed they are not big on communication. I've put in a small amount into various loans but am holding out to see what happens with the default before considering further involvement. Well you know the old Chinese curse "may you live in interesting times" To be fair they were quite communicative and in a post last year where a link was posted today even claimed to possibly be the best P2P platform in the known universe, although I suspect that might have been tongue in cheek. When things are going swimmingly people do communicate when not, for a variety of reasons they tend to batten down the hatches.
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Post by earthbound on Jun 9, 2016 19:14:34 GMT
I'm new to this and it looks like I started at an interesting time. My experience so far: they talk big but the current state of affairs with the default puts that into question. Also, I have noticed they are not big on communication. I've put in a small amount into various loans but am holding out to see what happens with the default before considering further involvement. No need to worry tho, SS have been pretty consistent over the years with regards to decent loans and solid returns, personally i don't mention them much  because so far all is ok... apart from a big red box.  which i rarely speak about.
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Post by earthbound on Jun 9, 2016 21:03:21 GMT
savingstream you might want to remove the random trustpilot review by Mr Glitter from your front page. 
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Post by brianac on Jun 11, 2016 21:41:48 GMT
Sorry, but I had to wonder which particular G. Glitter that might be ...
(phew!)
Brian
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Post by earthbound on Jun 11, 2016 21:44:55 GMT
Sorry, but I had to wonder which particular G. Glitter that might be ... (phew!) Brian yup fully agree.. i purposely left the the 'G' out .. phew indeed.. (sorry geoff no offence meant)
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jsmithe
Member of DD Central
Posts: 74
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Post by jsmithe on Jun 14, 2016 21:49:03 GMT
I still think I'll stick to the small amount for now and watch closely (especially now the secondary market is increasing), I can include the London loans in that small amount however. -- Well you know the old Chinese curse "may you live in interesting times" To be fair they were quite communicative and in a post last year where a link was posted today even claimed to possibly be the best P2P platform in the known universe, although I suspect that might have been tongue in cheek. When things are going swimmingly people do communicate when not, for a variety of reasons they tend to batten down the hatches.
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because so far all is ok... apart from a big red box. 
which i rarely speak about. 