mikes1531
Member of DD Central
Posts: 6,453
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Post by mikes1531 on Mar 1, 2017 23:34:44 GMT
Just got a 90 day extension: remaining term changed from -4 to +86. That's consistent with the most recent (17/Feb) update... I would have thought such a change would have been worth an addition to the loan's updates. SS obviously do not.
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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: 11,330 
Likes: 11,549
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Post by ilmoro on Mar 2, 2017 0:48:35 GMT
Just got a 90 day extension: remaining term changed from -4 to +86. That's consistent with the most recent (17/Feb) update... I would have thought such a change would have been worth an addition to the loan's updates. SS obviously do not. On past form I suspect the addition has been made to the loan's updates it just hasnt been published. It will appear on Friday dated somewhere between 3 days and one week ago 
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TonyL
Posts: 53
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Post by TonyL on Jul 7, 2017 9:54:28 GMT
Hurrah...more please.
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jcb208
Member of DD Central
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Post by jcb208 on Jul 7, 2017 10:01:53 GMT
Yeh a lot more repayments before I will invest further with Lendy
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r1200gs
Member of DD Central
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Post by r1200gs on Jul 7, 2017 10:41:50 GMT
Yeh a lot more repayments before I will invest further with Lendy I reckon repayments are going to be a lot like busses, know what I mean? Chill.... 
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Post by chrisuk on Jul 7, 2017 11:00:42 GMT
Yeh a lot more repayments before I will invest further with Lendy Ditto!!
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GeorgeT
Member of DD Central
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Post by GeorgeT on Jul 7, 2017 11:03:24 GMT
Great news and what an effect it has had on the secondary market almost instantly. I open my inbox this morning and the first email is the loan repayment email and immediately following are literally 10 loan part sold emails. I would not be exaggerating if I told you that I did not manage a single sale yesterday.
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r1200gs
Member of DD Central
Posts: 1,336
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Post by r1200gs on Jul 7, 2017 11:43:57 GMT
Great news and what an effect it has had on the secondary market almost instantly. I open my inbox this morning and the first email is the loan repayment email and immediately following are literally 10 loan part sold emails. I would not be exaggerating if I told you that I did not manage a single sale yesterday. I've not actually sold anything, but the loan queue is dropping quite well. Clearly, some are not so pessimistic. :-)
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mack
Posts: 85
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Post by mack on Jul 7, 2017 11:45:59 GMT
Or deluded...
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r1200gs
Member of DD Central
Posts: 1,336
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Post by r1200gs on Jul 7, 2017 11:58:04 GMT
It's quite clear that some are reinvesting this loan repayment. Deluded? Well, some people keep money in the bank and think it's safe, and that's certainly my idea of delusion. So far I'm up about £35,000 with Lendy, and while I see there are going to be challenges ahead and I'll modify my strategy as we go, possibly pulling out altogether if I see reason to. Not quite yet though. I believe rumours of the death of the SM to be more than a touch premature.
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mack
Posts: 85
Likes: 90
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Post by mack on Jul 7, 2017 15:09:16 GMT
I was up close to six figures last year on the platform and exited months ago. Just out of interest checked in on the forum. I can see a lot of the defaulted loans having lots of problems....SM is not the real issue. If you guys are basing confidence on novice investors buying a couple of hundred quid here and there then I think there will be a rude awakening.
Was it right for them to expand so rapidly and lend on practically anything? Is due diligence really that easy? I think you will find most experts will concentrate on a particular asset type and know their market. The risk is not reflected at 12%. I have invested in syndicates for developments and they would not touch some of these at 12%...
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