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Post by texrichman on Apr 1, 2019 11:58:41 GMT
Yep, mines in too, about a third of what it would be if all my loans were performing.
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Post by easterbunni on Apr 1, 2019 18:29:18 GMT
Got my monthly 1p. Another 14 years and I'll have my stuck capital paid back  |
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joe91
Member of DD Central
Posts: 53 
Likes: 62
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Post by joe91 on Apr 1, 2019 22:33:36 GMT
Yep, mines in too, about a third of what it would be if all my loans were performing. Yes, mine works out at 1.65% A YEAR if it continues at its current level. I'm expecting it to fall.
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jester
Member of DD Central
Posts: 175
Likes: 208
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Post by jester on Apr 3, 2019 14:07:28 GMT
Yep, mines in too, about a third of what it would be if all my loans were performing. Yes, mine works out at 1.65% A YEAR if it continues at its current level. I'm expecting it to fall. Likewise my stuck funds brought in the equivalent of 1.5%AER this month. If I stare hard enough at the silver lining, that's as much as my Marcus savings account .... and I can almost forget I'll never see most of the capital itself back! š£
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sl75
Posts: 2,092
Likes: 1,245
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Post by sl75 on Apr 29, 2019 14:39:43 GMT
Question is, will we get the monthly interest "as normal" in a couple of days, (perhaps allowing the sales queues to shift on what would normally be the more popular loans), or will our monthly interest also be held in limbo due to "issues with our banking services"?
Place your bets now!
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Mucho P2P
Member of DD Central
Posts: 946
Likes: 1,635
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Post by Mucho P2P on Apr 29, 2019 15:00:14 GMT
Question is, will we get the monthly interest "as normal" in a couple of days, (perhaps allowing the sales queues to shift on what would normally be the more popular loans), or will our monthly interest also be held in limbo due to "issues with our banking services"?
Place your bets now!
My bet is that we will receive delayed transfers due to "issues with our FCA banking servicesā.
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invester
P2P Blogger
Posts: 612
Likes: 618
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Post by invester on May 1, 2019 7:23:30 GMT
Today's the day, and it carries more significance due to the FCA stuff.
Taking the restrictions at face value they won't be able to pay them out.
There could even be issues in even crediting interest. Would the FCA allow them to credit an account if the full amount of the money does not exist?
It's going to need a really creative story to get out of this one.
The day might be coming when a group of investors descends on Branksmere House..
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Post by supernumerary on May 1, 2019 8:32:45 GMT
Steady as she goes good ship Ly. No weekend sailing on a school day. Water ski in if you have to. Our hopes are invested in you and all who sail in her. The 1st of the month is the day I don't post any glass-half-empty doom and gloom, no whinging about rubbish updates, no worrying about being stuck with crappy looking loans that I can't shift. The 1st of the month is the day to worship SS and give thanks to the platform  There are still some loans with +ve days left on them, so good luck to all those who MAY be getting some interest paid today. Sadly for now, I am now in the group that will NOT be receiving any interest, but it is ALL accruing... 
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chriscross
Member of DD Central
Posts: 63
Likes: 70
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Post by chriscross on May 1, 2019 10:51:37 GMT
I do believe today will be the day that I finally join the Lendy Zero Interest Club. Really not great after Collateral..
Hopefully someone will post in here when they receive any Interest, if anything, so I'll know for sure..
To think it was only a very short while ago when a young lady called me up trying to convince me to invest in their Lendy Wealth Product.
"We'll invest all the money for you, you can sit back and do nothing", she joyfully told me..
"With you taking all the responsibility with my hard earned money, there must be a nice big provision fund in place for this?", I questioned.
"Oh no sir, that will not be needed, nobody has ever lost their money with Lendy..", she nonchalantly replied..
As much as I wanted to go off on one, it was obvious she was just a hired hand working off a prompt sheet, so I let her go unscathed.. But what a wind up..
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jonno
Member of DD Central
nil satis nisi optimum
Posts: 2,808
Likes: 3,242
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Post by jonno on May 1, 2019 11:45:08 GMT
I do believe today will be the day that I finally join the Lendy Zero Interest Club. Really not great after Collateral.. Hopefully someone will post in here when they receive any Interest, if anything, so I'll know for sure.. To think it was only a very short while ago when a young lady called me up trying to convince me to invest in their Lendy Wealth Product. "We'll invest all the money for you, you can sit back and do nothing", she joyfully told me.. "With you taking all the responsibility with my hard earned money, there must be a nice big provision fund in place for this?", I questioned. "Oh no sir, that will not be needed, nobody has ever lost their money with Lendy..", she nonchalantly replied.. As much as I wanted to go off on one, it was obvious she was just a hired hand working off a prompt sheet, so I let her go unscathed.. But what a wind up.. I fear we may all be in the "Zero Interest Club" but for varying reasons 
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Mucho P2P
Member of DD Central
Posts: 946
Likes: 1,635
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Post by Mucho P2P on May 1, 2019 11:52:09 GMT
I do believe today will be the day that I finally join the Lendy Zero Interest Club. Really not great after Collateral.. Hopefully someone will post in here when they receive any Interest, if anything, so I'll know for sure.. To think it was only a very short while ago when a young lady called me up trying to convince me to invest in their Lendy Wealth Product. "We'll invest all the money for you, you can sit back and do nothing", she joyfully told me.. "With you taking all the responsibility with my hard earned money, there must be a nice big provision fund in place for this?", I questioned. "Oh no sir, that will not be needed, nobody has ever lost their money with Lendy..", she nonchalantly replied.. As much as I wanted to go off on one, it was obvious she was just a hired hand working off a prompt sheet, so I let her go unscathed.. But what a wind up.. I fear we may all be in the "Zero Interest Club" but for varying reasons Interest might be credited to our accounts today (if we are lucky), withdrawing that interest will be another matter. Lets hope I am mistaken on the second point.
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adrianc
Member of DD Central
Posts: 10,031
Likes: 5,152
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Post by adrianc on May 1, 2019 12:10:02 GMT
Interest might be credited to our accounts today (if we are lucky), withdrawing that interest will be another matter. Lets hope I am mistaken on the second point. What will be the next step taken by authorities if Lendy is unable to repay interest and repaid loans due to the banking "issue"? It depends what the "issue" really is. If it is due to the FCA insisting on authorising every transaction, then you'd expect the FCA to authorise these transactions... If it's due to a genuine "banking issue", then I'm sure the FCA are already kicking Ly's backside to sort it. Next step would surely be administration. And that's in NOBODY's interest.
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adrianc
Member of DD Central
Posts: 10,031
Likes: 5,152
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Post by adrianc on May 1, 2019 15:47:17 GMT
Next step would surely be administration. And that's in NOBODY's interest. Perhaps Administration is what is needed to sort the Lendy debacle out. You aren't in Col, are you? You mean "borrowers in administration"... Anything in particular in mind?
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Monetus
Member of DD Central
Posts: 1,179
Likes: 2,961
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Post by Monetus on May 1, 2019 15:48:56 GMT
April Interest Payments
As many of you are already aware, we have experienced a number of issues connected to our banking systems and payment processes.
We have now resolved these issues, are working through the backlog and hope to complete all outstanding requests within the next 48 hours.
Kind regards,
The Lendy Team
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sl75
Posts: 2,092
Likes: 1,245
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Post by sl75 on May 1, 2019 16:01:57 GMT
April Interest Payments
As many of you are already aware, we have experienced a number of issues connected to our banking systems and payment processes.
We have now resolved these issues, are working through the backlog and hope to complete all outstanding requests within the next 48 hours.
Kind regards,
The Lendy Team Well that saves me (and maybe a few hundred other investors) emailing them to ask where the interest is...
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