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Post by skint4achange on Feb 9, 2018 19:08:00 GMT
You just can't please some people.The update is positive, silence isn't. Once this loan repays, that will get the SM moving so you'll be able to sell up and bugger off. I will bugger off, but not because someone like you tells me to! I hope it does pay up and the SM moves, but I am not in this one for that much. I leave that to the moaners like you to invest in such loans
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Post by skint4achange on Feb 9, 2018 19:09:42 GMT
I am stunned. All it took was for the name Paul64 to appear and tell you what you wanted to hear and now everyone (Some!) is happy?
If I was Paul I would have a word document on my desktop where I could just cut and paste answers from.
I have nothing against Paul, but I do find that the lack of transparency from the updates has severely changed my investment level in Lendy. I'd rather have that than nothing. I have no reason to believe Lendy are lying in their updates, I just want them to be proactive in getting loans that are overdue repaid and this update suggests to me that they are being for this particular loan. My point is that Paul hasn't said anything to you that he hasn't said before. I have been saying for a long time that Lendy need to engage more with investors to keep nerves from fraying. But it seems that everyone that was moaning is now absolutely delighted that Paul has said again that the money is on it's way.
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dovap
Member of DD Central
Posts: 467 
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Post by dovap on Feb 9, 2018 19:15:39 GMT
yep much the same as a week ago
which was also 'positive' but yielded nowt.
be interesting I suppose to see if there's much impact on the sm - my funds in this one (if they do roll up soon)
will be heading to the exit
ho hum
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Jeepers
Member of DD Central
Posts: 818
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Post by Jeepers on Feb 9, 2018 19:17:28 GMT
You just can't please some people.The update is positive, silence isn't. Once this loan repays, that will get the SM moving so you'll be able to sell up and bugger off. I will bugger off, but not because someone like you tells me to! I hope it does pay up and the SM moves, but I am not in this one for that much. I leave that to the moaners like you to invest in such loans
I think you'll find I was one of the 'happy one's' with the positive update. You were the only one moaning!
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Post by picanto on Feb 9, 2018 19:30:52 GMT
I'd rather have that than nothing. I have no reason to believe Lendy are lying in their updates, I just want them to be proactive in getting loans that are overdue repaid and this update suggests to me that they are being for this particular loan. My point is that Paul hasn't said anything to you that he hasn't said before. I have been saying for a long time that Lendy need to engage more with investors to keep nerves from fraying. But it seems that everyone that was moaning is now absolutely delighted that Paul has said again that the money is on it's way. I can only speak for myself but I was unhappy and starting to moan because in Lendy's updates they were saying they were expecting repayment which never actually happened but there was no reasoning behind why no payment was made. It looked like Lendy were just delaying it week after week after the expected repayment date wasn't met. However, in their update today, they state that the current delay is down to legal due diligence so nothing to be worried about and everything seems to be on track. You can't blame people who were getting a bit irate to be feeling happier by today's update that nothing adverse is going on.
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Post by skint4achange on Feb 9, 2018 19:40:27 GMT
My point is that Paul hasn't said anything to you that he hasn't said before. I have been saying for a long time that Lendy need to engage more with investors to keep nerves from fraying. But it seems that everyone that was moaning is now absolutely delighted that Paul has said again that the money is on it's way. I can only speak for myself but I was unhappy and starting to moan because in Lendy's updates they were saying they were expecting repayment which never actually happened but there was no reasoning behind why no payment was made. It looked like Lendy were just delaying it week after week after the expected repayment date wasn't met. However, in their update today, they state that the current delay is down to legal due diligence so nothing to be worried about and everything seems to be on track. You can't blame people who were getting a bit irate to be feeling happier by today's update that nothing adverse is going on. Quite right, nice to have some good news for a change. What I was saying though is that all Paul has said is the same as he has been saying for months. I never saw the words "The money will be with you on XXX date", nor did I see "We have the money in the bank, just taking our cut".
My point was, everyone was pacified without actually being told anything new.
As for "Legal due diligence so nothing to worry about"?? There have been numerous occasions (Not just on Lendy!) where loan offers have been pulled during the course of due diligence. In fact, with DD taking so long, I would wonder why?
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Post by skint4achange on Feb 9, 2018 19:44:59 GMT
I will bugger off, but not because someone like you tells me to! I hope it does pay up and the SM moves, but I am not in this one for that much. I leave that to the moaners like you to invest in such loans
I think you'll find I was one of the 'happy one's' with the positive update. You were the only one moaning! Wasn't moaning, was staring a fact. You were told nothing new but was just staring into Pauls eyes like a puppy!
Let me see:
"They've used all the stallers on this one. The next update had better be 'loan repaid."
"Can we have a further update? Even if it's just the usual BS telling us it's still on track."
"The last update (a week ago) said payment was expected in the next few days. That hasn't happened, why? When a loan of this size is supposedly so close to repayment, yet 35 days overdue, are you happy to only get an update every 2 weeks ?"
"Are Lendy only getting updates every 2 weeks, I should hope not so why are the ones putting up the money being left in the dark ?"
I am so glad that the "We will be paying it off soon line" made you more happy than you were in the quotes above! Would hate to see you when you really were moaning! 
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Jeepers
Member of DD Central
Posts: 818
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Post by Jeepers on Feb 9, 2018 19:52:07 GMT
Thanks for taking the time to go through all my posts  Im not one of these Lendy bashers, I criticise and give praise as appropriate. |
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Post by skint4achange on Feb 9, 2018 20:05:05 GMT
Thanks for taking the time to go through all my posts Im not one of these Lendy bashers, I criticise and give praise as appropriate. Indeed, same here. My point was purely that what Paul said was nothing more then a calming statement. It had no more concrete substance than any other update but, as I said, seemed to do the trick.
Now, if he did that more often people would not be so irate before the statement was made and would be more welcoming of it.
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Post by andygod1 on Feb 9, 2018 21:11:28 GMT
For 12 % expect hiccups and debtors meandering and delaying. Its the same for lendy. What else can they do ? Sometimes its better to play the game and end up with a better solution. Remember the debtor is paying 18%.
if you want surety there are plenty of savings accounts paying 1.25%.
100% happy with Lendy!!
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sirius
Member of DD Central
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Post by sirius on Feb 9, 2018 21:17:51 GMT
Lendy stated: "As you know, we issued an update on 2 February 2018 in regard to DFL005 confirming that we expected the loan to be repaid shortly".
There was no mention above of....."subject to/conditional upon DD", etc, so one could be excused for thinking it was just about 'in the bag'.
Now, given the DD statement, it is a very different ball game as the goal posts have been moved.
I am with skint4achange on this one. If DD throws up any last minute surprises, as has been known, you will not be getting your money "shortly".
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Post by skint4achange on Feb 9, 2018 21:29:46 GMT
For 12 % expect hiccups and debtors meandering and delaying. Its the same for lendy. What else can they do ? Sometimes its better to play the game and end up with a better solution. Remember the debtor is paying 18%. if you want surety there are plenty of savings accounts paying 1.25%. 100% happy with Lendy!! andygod1 , I think my point has been missed and caused controversy, which I must admit I like to do and have done on many occasions, but this is not one of those occasions!
I too like the Lendy platform. I like the 12% and I accept the risk. I have no problem with the risk and reward ratio of the platform.
All I am stating is that all the comments on this thread were pointing towards lighting torches and heading to Portsmouth to burn down the offices if a meaningful update wasn't produced soon, in the next sentence everyone is happy because an update is posted which gives no more clarity to those baying for blood than any update that had preceded this one!
I would prefer that Lendy provided more regular updates via the platform and was honest in EVERYTHING they say to the investors. I am sure that more transparency would have prevented many of the investors on here (Some fairly big players too!) from leaving, which by the way would have increased liquidity and made the platform a better investment platform.
Grown up investors can handle bad news and adjust accordingly, they WON'T accept silence.
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r1200gs
Member of DD Central
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Post by r1200gs on Feb 9, 2018 21:46:39 GMT
For 12 % expect hiccups and debtors meandering and delaying. Its the same for lendy. What else can they do ? Sometimes its better to play the game and end up with a better solution. Remember the debtor is paying 18%. if you want surety there are plenty of savings accounts paying 1.25%. 100% happy with Lendy!! 100 percent unhappy with board newbies coming along and teaching their gran to suck eggs.
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r1200gs
Member of DD Central
Posts: 1,336
Likes: 1,883
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Post by r1200gs on Feb 9, 2018 21:49:48 GMT
For 12 % expect hiccups and debtors meandering and delaying. Its the same for lendy. What else can they do ? Sometimes its better to play the game and end up with a better solution. Remember the debtor is paying 18%. if you want surety there are plenty of savings accounts paying 1.25%. 100% happy with Lendy!! andygod1 , I think my point has been missed and caused controversy, which I must admit I like to do and have done on many occasions, but this is not one of those occasions!
I too like the Lendy platform. I like the 12% and I accept the risk. I have no problem with the risk and reward ratio of the platform.
All I am stating is that all the comments on this thread were pointing towards lighting torches and heading to Portsmouth to burn down the offices if a meaningful update wasn't produced soon, in the next sentence everyone is happy because an update is posted which gives no more clarity to those baying for blood than any update that had preceded this one!
I would prefer that Lendy provided more regular updates via the platform and was honest in EVERYTHING they say to the investors. I am sure that more transparency would have prevented many of the investors on here (Some fairly big players too!) from leaving, which by the way would have increased liquidity and made the platform a better investment platform.
Grown up investors can handle bad news and adjust accordingly, they WON'T accept silence.
Bingo! I have more money in this loan than many people have in P2P, and you are quite right when you say that silence is not acceptable to such lenders.
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Post by skint4achange on Feb 9, 2018 21:56:17 GMT
For 12 % expect hiccups and debtors meandering and delaying. Its the same for lendy. What else can they do ? Sometimes its better to play the game and end up with a better solution. Remember the debtor is paying 18%. if you want surety there are plenty of savings accounts paying 1.25%. 100% happy with Lendy!! 100 percent unhappy with board newbies coming along and teaching their gran to suck eggs. , I think you have been hanging around with me too long! You will be on the naughty step soon!
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