ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,334 
Likes: 11,558
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Post by ilmoro on May 15, 2018 17:02:14 GMT
Or put money into another loan on Lendy You make me chuckle. I bet you smiled as you typed that  Think it was more of a whince as the strap on his special outfit was pulled tight 😁
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rocky1
Member of DD Central
Posts: 1,139
Likes: 1,963
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Post by rocky1 on May 15, 2018 18:03:07 GMT
If this had been another platform, then I'm sure the majority would have voted to wait. People see so many negative comments about Lendy and threads such as 'Is Lendy about to fail', that there reaction is to get out while they can. we would all like to say positive things about how lendy are doing such a great job. bringing decent loans to the platform,monitoring each and every with all the robust,rigourous,DD and all the other claims they make instead of p*ssing about onTP all day.nobody wants lendy to fail but a lot of people are at a stage now where they can only sit back and watch, as lendy,s incompetance in recoveries and repayments are the subject of nearly every thread.there is not a lot really to be positive about.not many new loans lately for us all to discuss.just go through the updates on all the loans including the defaults sorry i mean non performing/claims underway.come back to us with something positive about that lot.
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empirica
Member of DD Central
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Post by empirica on May 23, 2018 7:34:20 GMT
Days move fast and nothing happens at Lendy Towers. I would lke to ask: a) has Lendy defaulted the loan and appointed a receiver? If not, why? b) has Lendy considered the idea of selling the freehold of the property, which is certainly worth more than the remaining capital+ due interests? c) has Lendy started marketing the property in any way? Updates day is Friday. One thing I'm learning from all platforms that I'm looking at is that they all tend to report with a periodicity / frequency that never suits some lenders and anything involving legals / administrators / receivers / insolvency practitioners is slow. Very slow. Out of curiosity, what is Lendy's policy on asking questions about a specific loan. (With respect to _ if the loan is suspended or in default, do you have to be in the loan to ask a question?) Or put, to put it another way, is there anything actually stopping you or anyone else from actually asking?
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toffeeboy
Member of DD Central
Posts: 538
Likes: 385
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Post by toffeeboy on May 23, 2018 12:07:18 GMT
Days move fast and nothing happens at Lendy Towers. I would lke to ask: a) has Lendy defaulted the loan and appointed a receiver? If not, why? b) has Lendy considered the idea of selling the freehold of the property, which is certainly worth more than the remaining capital+ due interests? c) has Lendy started marketing the property in any way? Updates day is Friday. One thing I'm learning from all platforms that I'm looking at is that they all tend to report with a periodicity / frequency that never suits some lenders and anything involving legals / administrators / receivers / insolvency practitioners is slow. Very slow. Out of curiosity, what is Lendy's policy on asking questions about a specific loan. (With respect to _ if the loan is suspended or in default, do you have to be in the loan to ask a question?) Or put, to put it another way, is there anything actually stopping you or anyone else from actually asking? Anybody is entitled to ask a question, whether anyone will get an answer from Lendy is a completely different question altogether
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Post by charliebrown on May 23, 2018 12:13:34 GMT
Updates day is Friday. One thing I'm learning from all platforms that I'm looking at is that they all tend to report with a periodicity / frequency that never suits some lenders and anything involving legals / administrators / receivers / insolvency practitioners is slow. Very slow. Out of curiosity, what is Lendy's policy on asking questions about a specific loan. (With respect to _ if the loan is suspended or in default, do you have to be in the loan to ask a question?) Or put, to put it another way, is there anything actually stopping you or anyone else from actually asking? Anybody is entitled to ask a question, whether anyone will get an answer from Lendy is a completely different question altogether Lendy’s policy is “ask me no questions and I’ll tell you no lies”.
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Post by GSV3MIaC on May 23, 2018 19:47:25 GMT
They told me DFL004 and DFL005 were going to fully repay some time ago, and I'm sure I didn't ask them any questions .. 8>.
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Post by spareapennyor2 on May 24, 2018 9:15:57 GMT
PBL120 repaid
YIPPEEE
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withnell
Member of DD Central
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Post by withnell on May 24, 2018 9:27:02 GMT
I'm assuming no interest recovery though, although there is no update to confirm or deny! EDIT: Spoke too soon, Interest and Bonus lines have appeared. Full interest recovery at 12% plus a 2.96% bonus - a great result considering we were looking at recovery at par, well done Lendy!
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ptr120
Member of DD Central
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Post by ptr120 on May 24, 2018 10:10:06 GMT
In a way this does make a mockery of the vote that we were previously asked to participate if it was so easy to also recover interest and bonus in addition to capital.
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locutus
Member of DD Central
Posts: 1,059
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Post by locutus on May 24, 2018 10:34:44 GMT
My bonus says 2.5% despite holding since the loan was launched. Anybody have any idea why?
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hazellend
Member of DD Central
Posts: 2,363
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Post by hazellend on May 24, 2018 10:40:50 GMT
Nice one Lendy. Of course, I have immediately reinvested in a primary market loan to repay the good deed
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,334
Likes: 11,558
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Post by ilmoro on May 24, 2018 10:44:57 GMT
In a way this does make a mockery of the vote that we were previously asked to participate if it was so easy to also recover interest and bonus in addition to capital. The vote may well have forced the debt purchaser/borrowers hand as it either actually voted for a sale or was so close Lendy decided to reject the offer so they have managed to find the funds to fully redeem
The loan has been redeemed by the sale of debt & Lendy has covered the interest/bonus
Speculating. I await the trumpetting email/update
However, unless the repayment has had a detrimental effect on Lendy's viability financially (ie Lendy have taken it onto their books) Im not sure I care ... Lendy has achieved a good result for lenders & Ive got some interest I didnt realise I was owed.
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hazellend
Member of DD Central
Posts: 2,363
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Post by hazellend on May 24, 2018 10:56:57 GMT
I’m happy to continue my 3 year lucky run of no defaults or lost interest.
Just wolves to contend with now!
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Post by picanto on May 24, 2018 11:06:42 GMT
Although I had no money invested in this loan, it's a good result for Lendy and a reduction in their default list. Still along way to go to gain investors confidence but the sun is shining at Lendy HQ today.
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Post by charliebrown on May 24, 2018 11:09:26 GMT
I’m all for posting positive feedback where it’s warranted. Well done, Lendy!
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