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Post by p2plender on Jul 2, 2018 6:57:07 GMT
Lendy support
Could you confirm whether we are just going to be updated fortnightly on yet another of your massively defaulted loans? I mean it's only a piddly £14 million pounds.
Perhaps we are better asking the question on Trust pilot?
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SteveT
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Post by SteveT on Jul 2, 2018 7:03:06 GMT
Or (wild idea here), why not ask them via their own Support Ticket system, designed for the purpose.
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Post by p2plender on Jul 2, 2018 8:55:43 GMT
I'll ask them via TP at some stage today, they have a large rapid response team over there fighting daily fires.
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zlb
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Post by zlb on Jul 2, 2018 20:30:03 GMT
I'll ask them via TP at some stage today, they have a large rapid response team over there fighting daily fires.
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brianlom1
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He's not the Messiah, he's a very naughty boy!
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Post by brianlom1 on Jul 2, 2018 20:57:39 GMT
Or (wild idea here), why not ask them via their own Support Ticket system, designed for the purpose. Possibly because that's an exercise in futility? In my experience, Lendy Support are extremely slow to respond and even then they provide a generic answer that does not relate to the specific problem described.
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Post by p2plender on Jul 3, 2018 5:39:13 GMT
Or (wild idea here), why not ask them via their own Support Ticket system, designed for the purpose. Possibly because that's an exercise in futility? In my experience, Lendy Support are extremely slow to respond and even then they provide a generic answer that does not relate to the specific problem described. I couldn't be bothered to reply myself.
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withnell
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Post by withnell on Jul 3, 2018 7:16:18 GMT
Or (wild idea here), why not ask them via their own Support Ticket system, designed for the purpose. I'd be highly supportive of this, if it meant an entry being raised on an FAQ or similar so that everyone can see the answer. Surely the idea of platform participation in forums allows general interest questions to be widely shared?
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SteveT
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Post by SteveT on Jul 3, 2018 8:01:05 GMT
Or (wild idea here), why not ask them via their own Support Ticket system, designed for the purpose. I'd be highly supportive of this, if it meant an entry being raised on an FAQ or similar so that everyone can see the answer. Surely the idea of platform participation in forums allows general interest questions to be widely shared? Sure, but Lendy stopped participating on this forum long ago (bar the odd post when it suits them). I find the Support Ticket system quite effective for answering platform process / admin questions. However, loan / borrower-specific information is only shared via platform updates to all lenders (rightly, IMO)
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Post by loftankerman on Jul 3, 2018 8:01:05 GMT
Or (wild idea here), why not ask them via their own Support Ticket system, designed for the purpose. I'd be highly supportive of this, if it meant an entry being raised on an FAQ or similar so that everyone can see the answer. Surely the idea of platform participation in forums allows general interest questions to be widely shared?Yeah! About that platform participation thing... Quoted from Members/List Paul64 Representative of Lendy. Registered Jan 10 2017 Last online October 24th 2017 Posts 159 Paul70 Representative of Lendy. Registered May 10 2018 Last online June 18th 2018 Posts 5 I know some think Lendy may have a few covert operatives here but I don't know of any other designated self identifying ones tasked with interaction, not that I have put any effort into searching. There was apparently no formal presence here between 24/10/2017 and 17/05/2018 this year. As an aside... I wonder if we have had Pauls 65 to 69 in the intervening period who haven't even bothered to register.
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ilmoro
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Post by ilmoro on Jul 3, 2018 9:06:29 GMT
I'd be highly supportive of this, if it meant an entry being raised on an FAQ or similar so that everyone can see the answer. Surely the idea of platform participation in forums allows general interest questions to be widely shared?Yeah! About that platform participation thing... Quoted from Members/List Paul64 Representative of Lendy. Registered Jan 10 2017 Last online October 24th 2017 Posts 159 Paul70 Representative of Lendy. Registered May 10 2018 Last online June 18th 2018 Posts 5 There was apparently no formal presence here between 24/10/2017 and 17/05/2018 this year. Given that Paul64 made several posts during that period the formal presence has been continuous, it's just he has engaged stealth mode so his presence is unrecorded unless he decloaks to comment.
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rocky1
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Post by rocky1 on Jul 17, 2018 14:22:49 GMT
well here we go everyone voting time again.another great result for lendy and borrower who are such good business partners.
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Monetus
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Post by Monetus on Jul 17, 2018 14:37:38 GMT
well here we go everyone voting time again.another great result for lendy and borrower who are such good business partners. Voting is now live! 82-84% return of capital vs much less at auction and forever can kicking. Thanks for these two wonderful options Lendy! Great work on protecting our capital and loaning our funds out on numerous additional tranches based on yet another grossly inflated valuation!
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Post by picanto on Jul 17, 2018 14:40:04 GMT
Option 1 for me seems the best option. obviously losing capital isn't good but about 80% recovery isn't too bad and hope that Lendy can recover the rest in the future. Option 2 seems too risky to me.
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SteveT
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Post by SteveT on Jul 17, 2018 14:42:10 GMT
Paul64 Paul70I feel there is some critical information missing from the lender vote description of Option A. If a majority of lenders were to vote for Option A: 1) Is Lendy proposing no further recovery action against the borrower, the original valuer or any other party? 2) If the answer to 1 is “no action proposed”, will a claim therefore be made against the Providion Fund for the value of the capital loss? How can lenders reasonably be asked to vote without knowing this?
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Post by picanto on Jul 17, 2018 14:45:26 GMT
@paul64 Paul70 I feel there is some critical information missing from the lender vote description of Option A. If a majority of lenders were to vote for Option A: 1) Is Lendy proposing no further recovery action against the borrower, the original valuer or any other party? 2) If the answer to 1 is “no action proposed”, will a claim therefore be made against the Providion Fund for the value of the capital loss? How can lenders reasonably be asked to vote without knowing this? From my understanding, option 1 does include further recovery action against the borrower/other parties. It does say "Return before further recovery action" so one assumes Lendy will take legal action to recover the lost capital.
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