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Post by p2plender on Apr 28, 2018 14:08:43 GMT
Little point in engaging with Hazel as quite clearly Lendy numero uno cheerleader.
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Jeepers
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Post by Jeepers on Apr 28, 2018 14:17:14 GMT
Little point in engaging with Hazel as quite clearly Lendy numero uno cheerleader. quite right. I'm sure she's ploughing in every penny she's got.
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hazellend
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Post by hazellend on Apr 28, 2018 15:58:00 GMT
Little point in engaging with Hazel as quite clearly Lendy numero uno cheerleader. Just trying to counterbalance what I see as overly negative and pessimistic comments which I think are unfair to Lendy.
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gustapher
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Post by gustapher on Apr 28, 2018 18:47:54 GMT
Little point in engaging with Hazel as quite clearly Lendy numero uno cheerleader. Just trying to counterbalance what I see as overly negative and pessimistic comments which I think are unfair to Lendy. It is appreciated and I would try to help more but I find the endless negativity here draining. Easier to visit the forum less and focus on making money. So many people are blinded by their cognitive bias. They won't change their mind no matter how much Lendy improves.
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blata
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Post by blata on Apr 29, 2018 5:14:19 GMT
I am not a cheerleader for Lendy but its is the same four or five people who whinge constantly in fact it is a tad boring now . Lendy appear to be improving so lets maybe give them a chance, however to do this someone needs to.
Get out of the office and go and look at the sites,
A valuer maybe chosen by the investors is brought on board,
Once the loan term has come to an end either interest is paid immediately to increase the loan term or the property is out on the open market.
The great loan book story is filled with the truth not the smoke and mirrors we are given.
If a large loan ever pays back I will still invest but once I have seen pictures of properties being developed.
Prove to us how the new improved Lendy is by returning a large loan this week
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sussexlender
Member of DD Central
Cheat seeking missile
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Post by sussexlender on Apr 29, 2018 7:54:27 GMT
Morning blata.
Very helpful post. May I suggest one addition to your detailed list of things that Lendy really need to do to regain investor confidence is a big way?
ADD - In the cases of a proposed development that has gone into default and is known not to have commenced [see the Hastings thread], go and actually inspect the planning file to see if the information they are being given by the borrower / solicitor is accurate.
I also want Lendy to succeed but have stopped putting new cash in until they reduce the very large number of defaults and start to address the issues you so succinctly outlined.
Regards, SXLR.
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brianlom1
Member of DD Central
He's not the Messiah, he's a very naughty boy!
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Post by brianlom1 on Apr 29, 2018 8:37:04 GMT
I am not a cheerleader for Lendy but its is the same four or five people who whinge constantly in fact it is a tad boring now . Lendy appear to be improving so lets maybe give them a chance, however to do this someone needs to. Get out of the office and go and look at the sites, A valuer maybe chosen by the investors is brought on board, Once the loan term has come to an end either interest is paid immediately to increase the loan term or the property is out on the open market. The great loan book story is filled with the truth not the smoke and mirrors we are given. If a large loan ever pays back I will still invest but once I have seen pictures of properties being developed. Prove to us how the new improved Lendy is by returning a large loan this week Not sure on which yardstick Lendy can be said to be improving, feel free to educate me. I agree, the points you list would be a step in the right direction.
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Post by p2plender on Apr 29, 2018 13:00:02 GMT
"Lendy appear to be improving so lets maybe give them a chance"
You write this on a discussion thread of a huge loan where investors (and or Lendy) appear to have been spun a thread and the loan is yet again in negative days with no mention of interest payments coming in...
Am kind of figuring where the sudden TP topnotch reviews have come from now!
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copacetic
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Post by copacetic on Apr 29, 2018 15:23:44 GMT
The latest update proves what an utter joke and shambles Lendy is. Thought experiment: I log onto a public forum to b**** and moan about every move Lendy makes regardless of whether it's a step towards improvement or a valid problem that they need to address. Likely outcomes: 1. Puts off new investors, makes existing investors nervous about platform stability and promotes SM illiquidity 2. Makes Lendy directors think their business reputation is irrevocally damaged making it more likely for them to cut and run with profits made so far rather than sticking it out and bringing new good loans to the platform in the hope of future profits. 3. Fills the forum with useless negative clutter irrelevant to the loan Certainly Lendy has made some mistakes (whether lending on this loan is one of them remains to be seen) but a message stating they are promptly beginning recovery proceedings on an overdue loan isn't one of them.
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blata
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Post by blata on Apr 29, 2018 15:25:39 GMT
Constant negativity wont help anybody and once again its the same four posters. If I have an opinion it is mine , and at no point do I have to explain it to the same whiners. I have money in this so it is in my interest to try and see some positives, the platform needs to grow before we will see any returns. So rather then belly aching in a public forum go to Lendy direct.
I will get sniped at but I have broad shoulders.
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Post by captainconfident on Apr 30, 2018 9:58:53 GMT
It seems to me that every thread I open on the Lendy board contains the same people saying the same things. Couldn't these specific loan threads be restricted to debating the loans in question only? Otherwise I feel that my time is being wasted looking for worthwhile updates.
Would posters kindly restrict discussion of whether Lendy is improving or a disaster to threads such as "is Lendy about to go Bust" and "Secondary Market Liquidity is not letting me sell all my loans immediately" only?
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locutus
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Post by locutus on Apr 30, 2018 10:13:41 GMT
It seems to me that every thread I open on the Lendy board contains the same people saying the same things. Couldn't these specific loan threads be restricted to debating the loans in question only? Otherwise I feel that my time is being wasted looking for worthwhile updates. Would posters kindly restrict discussion of whether Lendy is improving or a disaster to threads such as "is Lendy about to go Bust" and "Secondary Market Liquidity is not letting me sell all my loans immediately" only? I think you'll find that things have always been this way but recently a lot of prolific posters who contributed useful material have been banned further worsening the noise to signal ratio.
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Mousey
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Post by Mousey on Apr 30, 2018 11:35:29 GMT
Lendy Support I may have missed some of these answers in the thread but looking at the loan description: Is this still correct? Was this acheived? What is the current build state of the site? How many of these 5 options remain open? ETA: or perhaps Paul64 could advise?
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Jeepers
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Post by Jeepers on May 4, 2018 7:42:15 GMT
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Post by p2plender on May 4, 2018 12:32:13 GMT
They are in daily contact (though they said that before the sudden u-turn on refinancing) with the borrower, though perhaps would be nice, given the size of the loan, to be in contact with those that matter - US.
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