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Post by martin44 on Oct 4, 2016 7:06:30 GMT
which came first i wonder, the post or the Times?
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Post by martin44 on Oct 4, 2016 7:10:27 GMT
Maybe a quick post from savingstream to confirm the Times are playing silly Bu***rs would help please. |
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Post by Deleted on Oct 4, 2016 7:15:08 GMT
Is this the same journalist who wrote the article about PBL064?
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SteveT
Member of DD Central
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Post by SteveT on Oct 4, 2016 7:17:10 GMT
Maybe a quick post from savingstream to confirm the Times are playing silly Bu***rs would help please. And give the member in question more cheap copy? I doubt it.
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fp
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Post by fp on Oct 4, 2016 7:23:43 GMT
Has anyone received an apology, or is that just more B-S?
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Post by martin44 on Oct 4, 2016 7:24:16 GMT
Maybe a quick post from savingstream to confirm the Times are playing silly Bu***rs would help please. And give the member in question more cheap copy? I doubt it. I wouldn't expect they could glean a lot from "yes they are" .... or maybe they can?
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SteveT
Member of DD Central
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Post by SteveT on Oct 4, 2016 7:24:27 GMT
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fp
Posts: 1,008
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Post by fp on Oct 4, 2016 7:25:09 GMT
And anyone who does not read this forum?
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Post by dodgeydave on Oct 4, 2016 7:27:03 GMT
Maybe a quick post from savingstream to confirm the Times are playing silly Bu***rs would help please. And give the member in question more cheap copy? I doubt it. PBL064 still has 16 days to run. We will have to wait and see if the banned member is correct or not
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Post by martin44 on Oct 4, 2016 7:31:19 GMT
And anyone who does not read this forum? The vast majority i would suspect. I certainly did not receive anything in my in box.
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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 Oct 4, 2016 7:31:52 GMT
Would get better copy from reading CDs post on p1 or CH docs. Receivers appointed 19th, 10days before lenders informed, much more sensational.
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fp
Posts: 1,008
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Post by fp on Oct 4, 2016 7:32:50 GMT
And anyone who does not read this forum? The vast majority i would suspect. I certainly did not receive anything in my in box. Exactly, so they haven't formally apologised or informed anyone, they may as well have done it over a pint in the pub with a couple of random strangers and hoped it travelled by jungle drums!
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SteveT
Member of DD Central
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Post by SteveT on Oct 4, 2016 7:38:51 GMT
Would get better copy from reading CDs post on p1 or CH docs. Receivers appointed 19th, 10days before lenders informed, much more sensational. Except that journos always like to hang their stories on direct quotes from the participants (often presented out of context). We might be disturbed by a 10 day lag in notification but most readers would simply shrug. Whereas " P2P lender apologises over debt error" has the ring of a grovelling formal corporate apology, not a quick post in an online forum.
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Post by savingstream on Oct 4, 2016 7:46:14 GMT
For everyone's reference - This Hurley seems to have a bee in his bonnet. We wonder what his motivation is?
"A peer-to-peer lender has apologised after it failed to inform investors that the beneficiary of a loan on its site was in receivership.
Saving Stream, which has lent £200 million of investors’ money, appointed receivers on a £455,000 debt but did not notify those lending money through the site. Some investors may have been left exposed to the debt without understanding the risks involved.
Lendy, the company behind Saving Stream, said it was sorry for the “short but unavoidable delay in informing investors of the status of the loan”.
It told investors about the true position of the debt after being contacted by The Times. It blamed the delay on awaiting final approval from its legal advisers. Before the notification was published, investors reported that parts of the debt were traded on the Saving Stream platform.
The loan was funded by 925 investors. The debt is secured against a farm in Somerset, the director of which is a former bankrupt with a string of failed companies behind him.
When details of the borrower’s history first emerged in August, Lendy told concerned lenders that the borrower’s background was “not relevant to [his] capacity to repay our loan”.
Lendy appointed receivers on Thursday, documents filed at Companies House show. On Friday afternoon, after the intervention by The Times, it informed investors that it had done so because the borrower was taking too long to settle the debt.
A spokesman said: “We have taken this step proactively in order to protect the interests of investors in this loan. Lendy Ltd will pay the agreed interest to investors in this loan until the sale of the property is complete.”
Saving Stream says it has helped almost 11,000 investors earn almost £13 million in interest via commercial property loans. It says investors can earn up to 12 per cent interest a year.
The farm in receivership is listed as being worth £650,000. It was sold for £180,000 in 2010, according to Land Registry documents."
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sam i am
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Post by sam i am on Oct 4, 2016 7:53:45 GMT
I really expected better from the Times. This is straight out of the 'you said sorry so you are obviously admitting liability' school of thought. Gutter journalism.
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