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Post by anthony on Nov 15, 2019 18:12:04 GMT
Nothing for me either. Though I've only got £7 left in this one so not expecting much.
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Post by picanto on Nov 15, 2019 19:31:35 GMT
Has anybody who has invested in this loan sent an E-mail to Lendy support asking for an explanation? What have they said?
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garfield
Member of DD Central
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Post by garfield on Nov 16, 2019 7:47:13 GMT
I have e-mailed them this morning and will report back if I hear anything. I suppose it may be Monday at the earliest.
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Post by ericandy on Nov 16, 2019 10:16:25 GMT
I've not been paid either.
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Post by sma1tman on Nov 16, 2019 17:18:35 GMT
I have received interim payments for PBL103 & PBL193 as expected, but nothing for PBL056!
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garfield
Member of DD Central
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Post by garfield on Nov 18, 2019 12:34:35 GMT
I've just received a reply from Ly support querying the "missing" payments on this loan.
Their response is: "We can confirm that the subject of PBL056 will be covered in a future update by RSM." So I guess we have to wait and see!
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Post by picanto on Nov 18, 2019 12:44:54 GMT
I've just received a reply from Ly support querying the "missing" payments on this loan.
Their response is: "We can confirm that the subject of PBL056 will be covered in a future update by RSM." So I guess we have to wait and see!
Well that's just silly. Surely they should check to make sure the money has been paid into investor's accounts before releasing an E-mail stating the money has been paid, and now they are admitting the money has gone "missing". Sometimes I wonder how these people get these highly paid jobs...
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garfield
Member of DD Central
Posts: 490
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Post by garfield on Nov 18, 2019 13:35:45 GMT
I've just received a reply from Ly support querying the "missing" payments on this loan.
Their response is: "We can confirm that the subject of PBL056 will be covered in a future update by RSM." So I guess we have to wait and see!
Well that's just silly. Surely they should check to make sure the money has been paid into investor's accounts before releasing an E-mail stating the money has been paid, and now they are admitting the money has gone "missing". Sometimes I wonder how these people get these highly paid jobs... "missing" was my word - sorry if this confused anyone! And yes, I fully agree they shouldn't have said it had been paid in an e-mail. These payments were promised in the days leading up to the administration IIRC.
However, I think there may have been some confusion as it's a Model 1 loan. I appreciate we've had some funds back (for other loans), but we could do with some accuracy!
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sl75
Posts: 2,092 
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Post by sl75 on Nov 18, 2019 13:42:08 GMT
Well that's just silly. Surely they should check to make sure the money has been paid into investor's accounts before releasing an E-mail stating the money has been paid, and now they are admitting the money has gone "missing". Sometimes I wonder how these people get these highly paid jobs... "missing" was my word - sorry if this confused anyone! And yes, I fully agree they shouldn't have said it had been paid in an e-mail. These payments were promised in the days leading up to the administration IIRC.
However, I think there may have been some confusion as it's a Model 1 loan. I appreciate we've had some funds back (for other loans), but we could do with some accuracy!
Hmmm... perhaps as a "model 1" loan it has in fact been fully repaid - to the entity that lent the money to the borrower (i.e. Lendy themselves).
As you say, actual accurate information would be useful to stop this endless speculation!
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Post by ericandy on Nov 18, 2019 19:30:27 GMT
I've just received a reply from Ly support querying the "missing" payments on this loan.
Their response is: "We can confirm that the subject of PBL056 will be covered in a future update by RSM." So I guess we have to wait and see!
I received the same response. It's pretty poor considering the low number of payments since the Administration. You'd think that they would get it right. Adds insult to injury.
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Post by gramsky on Nov 19, 2019 11:14:46 GMT
But there is no mention of what the situation is if the investment is in an IFISA where no tax is payable.
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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
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Post by ilmoro on Nov 19, 2019 11:47:35 GMT
But there is no mention of what the situation is if the investment is in an IFISA where no tax is payable.
If tax isn't payable then ineligible for relief, it's one that n the criteria. It's a moot point as this loan isn't eligible for P2P loss relief anyway as it isn't a P2P loan.
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Post by picanto on Dec 12, 2019 9:55:40 GMT
This has gone somewhat worryingly quiet. Even though I'm not invested in this loan, I would like to see as much recovery in every Lendy loan and no further update (AFAIK) after over three weeks when a further interim payment was meant to be paid. Not a good sign... Anybody heard anything??  |
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zlb
Member of DD Central
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Post by zlb on Dec 12, 2019 10:41:40 GMT
This has gone somewhat worryingly quiet. Even though I'm not invested in this loan, I would like to see as much recovery in every Lendy loan and no further update (AFAIK) after over three weeks when a further interim payment was meant to be paid. Not a good sign... Anybody heard anything?? they announced that there would be no further updates as it could compromise outcomes. So I think there will only be an announcement when there is recovery.
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Post by mrclondon on Dec 12, 2019 10:45:26 GMT
This has gone somewhat worryingly quiet. Even though I'm not invested in this loan, I would like to see as much recovery in every Lendy loan and no further update (AFAIK) after over three weeks when a further interim payment was meant to be paid. Not a good sign... Anybody heard anything?? See the section headed 'Model 1" on page 1 of the pdf attached to the email dated 29th Nov (or linked to on front page of Lendy website). Any recoveries / amounts currently held on account wrt these loans are for the benefit of all creditors not just the loan holders, and hence any payout will be defered until the end of the administration/liquidation process.
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