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Post by skint4achange on Nov 23, 2017 14:42:00 GMT
...Other than the above reasons, the only other reason I could see is that they have an IQ of 24.
Haven't you been told a million times not to exaggerate?
(On the basis of standard valuations provided by Lendy, I would amend that score to 12)
Sorry. Make that one million and 1
I really do hope that people keep supporting this one though. Looks like one of the only ones (H********** In Liverpool also) that might actually come to fruition.
I also really hope that I am not proved to be wrong!!
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webwizard
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Post by webwizard on Nov 23, 2017 18:10:27 GMT
Tranche 11 is IA with -1 days remaining, whereas the main loan is IOA with +141 days remaining.
For new investors this does not make the new tranche attractive to not get interest on account. This could easily put off some investors.
I suspect this demonstrates the lack of attention to detail that is bemoaned across these forums. Surely they should both be the same at +141. Come on Lendy get the details right.....
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1stwaz
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Post by 1stwaz on Nov 23, 2017 21:43:57 GMT
Tranche 11 is IA with -1 days remaining, whereas the main loan is IOA with +141 days remaining. For new investors this does not make the new tranche attractive to not get interest on account. This could easily put off some investors. I suspect this demonstrates the lack of attention to detail that is bemoaned across these forums. Surely they should both be the same at +141. Come on Lendy get the details right..... My assumption is Lendy are simply differentiating between the two Loans until tranche 11 is drawn down and the cashback is paid. At that point the two loans will be merged. Lendy has already informed us that tranche 11 that has not been bought will go to the front of the SM. I am not saying that is fair but we were told that this would happen. At that point I expect them to have the same days remaining.
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fasty
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Post by fasty on Nov 23, 2017 23:45:24 GMT
I see that Tranche 11 has now started a "bonus accrual" of extra interest in addition to the cashback. Yay!
As if anyone will ever see any of that. Presumably just an artefact of a shocking lack of attention to detail.
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markb
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Post by markb on Nov 24, 2017 2:43:37 GMT
How does bonus accrual work?
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Monetus
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Post by Monetus on Nov 24, 2017 3:27:30 GMT
How does bonus accrual work? It starts accruing daily from when the loan is past its due date and then when the loan repays Lendy decide if they feel like paying it out or not.
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keith
Member of DD Central
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Post by keith on Nov 24, 2017 7:03:49 GMT
I see that Tranche 11 has now started a "bonus accrual" of extra interest in addition to the cashback. Yay! As if anyone will ever see any of that. Presumably just an artefact of a shocking lack of attention to detail. All of this serves to depress me yet further..........
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blueninja
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Post by blueninja on Nov 24, 2017 9:03:59 GMT
I see that Tranche 11 has now started a "bonus accrual" of extra interest in addition to the cashback. Yay! As if anyone will ever see any of that. Presumably just an artefact of a shocking lack of attention to detail. All of this serves to depress me yet further.......... Yes Lendy do show classic signs of under investment in their infrastructure and systems. Its not that difficult work out the various scenarios that will occur with the various features that they come up with, then cough up the readies for some professional software development. Its an area they need to turn their attention to or they will never survive!!
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markb
Member of DD Central
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Post by markb on Nov 24, 2017 14:10:23 GMT
How does bonus accrual work? It starts accruing daily from when the loan is past its due date and then when the loan repays Lendy decide if they feel like paying it or not. So from a lender's perspective, it's similar to receiving default interest - except that possibly it's exempt from income tax because it's being paid by the platform rather than the borrower?
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Carter
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Post by Carter on Nov 24, 2017 14:30:57 GMT
I did have about one third of my holdings in this up for sale and it was about 90k back in the queue yesterday but it's just been bought out to my surprise. Why is so much of the original loan being bought when there's plenty of the cashback tranche still available?
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dp
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Post by dp on Nov 24, 2017 14:38:40 GMT
I did have about one third of my holdings in this up for sale and it was about 90k back in the queue yesterday but it's just been bought out to my surprise. Why is so much of the original loan being bought when there's plenty of the cashback tranche still available? Maybe they filter / sort by 'Remaining Term' and just don't see the CB tranche. (The 'parent' DFL004 loan has +141 days and stands some distance ahead of anything else on the 'Available' page in this respect.) Echo that - just about to say the same.....
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Post by skint4achange on Nov 24, 2017 14:55:47 GMT
Appears that even though Lendy do not comment on here very often, they appear to be looking at comments. Tranche 11 now gone to 141 days and lists up top. May now be even more confusing to some who do not always read stuff.
Those above who were claiming the bonus interest, seriously? Did you think that was ever going to happen on a tranche that has not been drawn down??
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Steerpike
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Post by Steerpike on Nov 24, 2017 16:11:49 GMT
I did have about one third of my holdings in this up for sale and it was about 90k back in the queue yesterday but it's just been bought out to my surprise. Why is so much of the original loan being bought when there's plenty of the cashback tranche still available? The original loan shows LTV of 56%, so it is obviously a better investment than the latest tranche!
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Post by skint4achange on Nov 24, 2017 17:28:32 GMT
I did think that the computer was having a bit of a meltdown!!
I can't even begin to image how to explain that???
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Post by skint4achange on Nov 24, 2017 17:29:56 GMT
Fear not!! It has been sorted out by the boffins at Lendy Central!!
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