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Post by skint4achange on Apr 13, 2018 16:26:32 GMT
This is bad for Lendy because this loan repaying would have likely got sheds and student over the finishing line. Now I can’t see these loans shifting I agree with you it's bad for their image on here, but as long as they push this one through I don't think the average Joe will even notice really.
The main trouble was how much they were shouting on the updates about how well this was going. Raising expectations again.
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Post by supernumerary on Apr 13, 2018 16:30:46 GMT
This is bad for Lendy because this loan repaying would have likely got sheds and student over the finishing line. Now I can’t see these loans shifting Laurel and Hardy - Laurel's whimpering and crying scenes www.youtube.com/watch?v=OUnyyln4iKs
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Jeepers
Member of DD Central
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Post by Jeepers on Apr 13, 2018 17:41:21 GMT
The fact that this won't be repaying on time is beyond Lendy's control. The pathetic 'he said, she said, but weve seen no proof' updates when there's £14m at stake is unforgivable! Lendy Support did you really have good reason to believe this would repay on time or just hoping people invest in Cardiff on the understanding they'll soon be getting a repayment ?
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michaelc
Member of DD Central
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Post by michaelc on Apr 13, 2018 19:22:22 GMT
Read today's update - it ain't gonna happen (like anyone of even average intelligence ever thought it would). Lendy did!
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Post by GSV3MIaC on Apr 13, 2018 19:32:04 GMT
Read today's update - it ain't gonna happen (like anyone of even average intelligence ever thought it would). Lendy did! So either a) they actually didn't, or b) they failed the IQ benchmark?
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,161
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Post by ozboy on Apr 13, 2018 20:42:55 GMT
You're talking to a brick wall magenta14, and you know it.
As long as The Lemmings keep pumping the filthy lucre in The Platforms couldn't care less about what we think/want/need.
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Liz
Member of DD Central
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Post by Liz on Apr 13, 2018 21:12:27 GMT
Some seem to be getting their knickers in a twist 😄
This does happen I'm in loan after loan where there is delay after delay. It happens in this line of business. I think this one will turn out ok in the end.
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Post by supernumerary on Apr 13, 2018 21:14:54 GMT
I am not invested in this loan, but with the total live loan tally being £148,098,062 and DFL004 being £14,308,813, that is 10%, or thereabouts, of the total live amount. The ENORMITY of the delay in repaying DFL004, equating to the 'mother load' of repayments, is IMHO, quite staggering for the 'knock on' effects... It is a VERY sad moment!
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Post by supernumerary on Apr 13, 2018 21:17:15 GMT
Some seem to be getting their knickers in a twist 😄 This does happen I'm in loan after loan where there is delay after delay. It happens in this line of business. I think this one will turn out ok in the end. Liz, I have 'up ticked' your comment, because I really do hope you are right...
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Liz
Member of DD Central
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Post by Liz on Apr 13, 2018 21:19:23 GMT
Some seem to be getting their knickers in a twist 😄 This does happen I'm in loan after loan where there is delay after delay. It happens in this line of business. I think this one will turn out ok in the end. Liz, I have 'up ticked' your comment, because I really do hope you are right... When has Lendy ever let you down 😃 No losses to date and all that.😳
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Post by df on Apr 13, 2018 21:33:23 GMT
Lendy did! So either a) they actually didn't, or b) they failed the IQ benchmark? Summarising loan updates and investor round-ups lead me to think that Ly genuinely believes in what borrowers and/or their representatives tell them.
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Post by charliebrown on Apr 13, 2018 23:22:34 GMT
Steward Our Investor resources with a respectful skill never failing to recognise that without the trust and confidence of your Investors you have nothing, you become Nothing. Well, they wouldn’t quite be left with nothing, they’re all probably multi-millionaires by now. Unfortunately, it”s investors that are more likely to be left with nothing. it shouldn’t have been that hard for LY to substantiate whether this borrower was in a position to repay 14 million quid.
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Post by p2plender on Apr 13, 2018 23:32:04 GMT
The platform is falling apart. Come on Lendy get on here and tell us why you have lied to your investors YET AGAIN.
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Liz
Member of DD Central
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Post by Liz on Apr 13, 2018 23:38:55 GMT
Steward Our Investor resources with a respectful skill never failing to recognise that without the trust and confidence of your Investors you have nothing, you become Nothing. Well, they wouldn’t quite be left with nothing, they’re all probably multi-millionaires by now. Unfortunately, it”s investors that are more likely to be left with nothing. it shouldn’t have been that hard for LY to substantiate whether this borrower was in a position to repay 14 million quid. Platforms are far too trusting of borrowers. Has this development stalled? Has the developer got funds to finish it?
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Post by p2plender on Apr 13, 2018 23:41:21 GMT
This is why I pity anyone buying anything more off Lendy. Once upon a time you had a secondary market to dump your holdings. Now you are committed to the end, wherever that maybe.... This one is a big nail in the Lendy coffin.
Watch the sm really swell now as more and more realise how Lendy truly operate.
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