PBL155 - W******* "Large Fortified House", DEFAULTED

update on this from Lendy on the website

lendy and their valuers are not bothered about this disgraceful episode as they have lost nothing and i feel that this is only the start as all the other DEF and SUS loans come to their final passing. lest not forget .can we believe any thing lendy now come up with.sooner or later they will have to answer for their complete disregard and arrogance to feed us complete and utter false/ made up valuations and BS to get us to fund loans that they know will not come to fruition.but by then they are throwing out the next lot of loans knowing that the next lot of new investors[gamblers] are going to take the bait and BS they give as gospel.it is time that this forum got together and demanded a showdown at lendy towers and sent our main men to see is really going on and exactly who is doing what with OUR money .

Presumably Lendy have shrugged and asked: "What didn't these people understand about "Your capital may be at risk" "

that sounds about right since the way lendy have done their business since changing from SS i sometimes feel that they are sitting there laughing their heads off at us.we do understand risk and even so a lot of us have to rely on lendys rigourous/dd process that they claim is implemented before a loan is even considered and brought to the platform.lendy are not doing the job and IMO are blatantly dressing up these loans with grossly over valuations to suit LENDY and the BORROWER to get the figures they want at the time knowing it will get funded and let the lenders worry about it once it hits the IA stage further down the line

When was it ever different? DO something about it.

Rightly on the hobby horse ozboy both now and in the past. Rightly.
By the evidence of lack of calls when encouraged recently on another platform I suggest people CBA to send a formal complaint to the guilty platforms. They prefer to vent importantly on here instead and thus put up with carp (sic) service.
Contact with the platform must be done before the financial ombudsman can be contacted.

Come on peeps, it's not that hard to write a formal email of complaint about valuations and send it to platforms. Cite evidence in your letter not emotions.

S