|
|
Post by munchydave on Feb 2, 2018 17:18:22 GMT
Lendy needs to expedite repayment of all their overdue loans if they don't want investors to completely pull out. It's hard to see why they can't see that the prevarication, silence and false promises are rapidly eroding faith in this once excellent platform. Just take a look at the latest offer on the pipeline. Watch the video. BS does not even cover my response. Nothing has been learnt. The latest in a list of defaults waiting for all ? I am out of Lendy ASAP
|
|
poppyland
Member of DD Central
Posts: 237
Likes: 243
|
Post by poppyland on Feb 2, 2018 17:34:04 GMT
Update posted on the site:
We have spoken to the borrower's solicitor, who has confirmed that completion of the sale is expected over the course of the next few working days. Whilst the sale has taken longer than expected to complete we remain confident full repayment will be achieved soon.
|
|
GeorgeT
Member of DD Central
Posts: 1,322 
Likes: 1,576
|
Post by GeorgeT on Feb 2, 2018 17:36:33 GMT
I sold out of DFL005 yonks ago but it would be fantastic for P2P investment confidence in general if, at last, a big DFL was actually repaid - rather than investors being asked to fund endless additional advances with no repyaments in sight. Sadly I won't be holding my breath.
|
|
poppyland
Member of DD Central
Posts: 237
Likes: 243
|
Post by poppyland on Feb 2, 2018 17:47:02 GMT
Lendy needs to expedite repayment of all their overdue loans if they don't want investors to completely pull out. It's hard to see why they can't see that the prevarication, silence and false promises are rapidly eroding faith in this once excellent platform. Just take a look at the latest offer on the pipeline. Watch the video. BS does not even cover my response. Nothing has been learnt. The latest in a list of defaults waiting for all ? I am out of Lendy ASAP It's a video of lalaland where Lendy lives, and where we are all invited to live too, surrounded by pink blossomed trees and little bunny rabbits.
|
|
blata
Posts: 77
Likes: 62
|
Post by blata on Feb 2, 2018 17:48:47 GMT
More weasel words. Hopefully, wrong would love to see Lendy use more accurate terminology, If i promised a project to maybe finish/ perhaps/ could be , I would not be in business.
Time for Lendy to bring out a big stick and start putting major penalties on the guilty parties.
|
|
sirius
Member of DD Central
Posts: 161
Likes: 141
|
Post by sirius on Feb 2, 2018 18:58:55 GMT
Update posted on the site: We have spoken to the borrower's solicitor, who has confirmed that completion of the sale is expected over the course of the next few working days. Whilst the sale has taken longer than expected to complete we remain confident full repayment will be achieved soon. My bold above. Now, if it read,...." completion of the sale will be expedited within 'x' working days...." it would be meaningful. As it is, it tells us absolutely nothing, it is completely meaningless. Even the solicitor does not know if it will happen or not.
|
|
Carter
Member of DD Central
Posts: 250
Likes: 549
|
Post by Carter on Feb 2, 2018 19:45:52 GMT
Nothing is definite in this game I've learned, but the signs that this loan is moving towards a positive conclusion have been there for a little while in my view. The recent updates have been clear that end of Jan was the target and we are just past so we'll see.
|
|
stub8535
Member of DD Central
personal opinions only. Not qualified to advise on investment products.
Posts: 1,447
Likes: 945
|
Post by stub8535 on Feb 2, 2018 19:55:07 GMT
But the update in 2 weeks time will start to show the effectiveness of the new starters in key roles, won't It?
Hopefully it accelerates recoveries rapidly and brings back money from defaults and stops irrational loans from being allowed and leads to meaningful statements being posted.
We can hope.
|
|
|
|
Post by df on Feb 2, 2018 20:30:48 GMT
Nothing is definite in this game I've learned, but the signs that this loan is moving towards a positive conclusion have been there for a little while in my view. The recent updates have been clear that end of Jan was the target and we are just past so we'll see. I'm a 'lendysceptic', but I think there is a good chance that this one will be repaid soon. Or may be I just want to believe in this because it makes up 11% of my Lendy pot 
|
|
r1200gs
Member of DD Central
Posts: 1,336
Likes: 1,883
|
Post by r1200gs on Feb 6, 2018 11:08:47 GMT
I wish Lendy would talk to us. If there is a delay, perhaps tell us what it is? The silence is not reassuring and we urgently need a fatty like this to cough up.  |
|
|
|
Post by picanto on Feb 6, 2018 11:55:24 GMT
I wish Lendy would talk to us. If there is a delay, perhaps tell us what it is? The silence is not reassuring and we urgently need a fatty like this to cough up. Agreed. I don't mind too much if there is a delay because this is going to be expected in the property market. If Lendy explained what is causing the delay and it's nothing to get worried about then I have no issues with that. In fact, it's nice to have a bit of bonus interest as a little bit extra pocket money at the end of the month. But what are Lendy going to say next update if the loan hasn't been repaid? The borrower's solicitor has ensured us repayment in full is imminent. And then two weeks after that? Even though there has been a delay longer than we anticipated, we are expecting full repayment this week. And then so on and so on until it ends up 180 days overdue and in default..... Obviously this is worse case scenario but it wouldn't be the first loan that has ended up in default after Lendy told us repayment was expected.
|
|
Jeepers
Member of DD Central
Posts: 818
Likes: 721
|
Post by Jeepers on Feb 6, 2018 12:26:08 GMT
They've used all the stallers on this one.
The next update had better be 'loan repaid.
|
|
|
|
Post by loftankerman on Feb 6, 2018 12:46:53 GMT
They've used all the stallers on this one. The next update had better be 'loan repaid. Surely they can fit in another tranche and another four month extension, it isn't like it hasn't happened before.
|
|
blata
Posts: 77
Likes: 62
|
Post by blata on Feb 8, 2018 18:03:52 GMT
Look a Pig jumping over the moon , as likely as Lendy to give us a correct update.So 8 days overdue and not a whisper, looking forward to the next vague update. All of the Lendy team deserve to be politicians, dancing around the subject I am sure they would be employed immediately by one of parties.
Alternatively are they the equivalent of Michael Fish, there is no hurricane.
|
|
|
|
Post by loftankerman on Feb 8, 2018 19:01:20 GMT
Look a Pig jumping over the moon , as likely as Lendy to give us a correct update.So 8 days overdue and not a whisper, looking forward to the next vague update. All of the Lendy team deserve to be politicians, dancing around the subject I am sure they would be employed immediately by one of parties. Alternatively are they the equivalent of Michael Fish, there is no hurricane. Well, it isn't 8 days overdue it is 33. However as the original reason for going overdue was given as the fact that solicitors' offices were not going to open until the 8th January, I'm inclined to conclude that they all got so merry over the holidays they still haven't managed to drag their sorry ***** into the offices yet. Other explanations are possibly available.
|
|
