rocky1
Member of DD Central
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Post by rocky1 on May 25, 2018 19:17:02 GMT
so while this one is thrown on to the table DFL012 stays at IA until DFLO36 is funded in order to extend the first charge DFL012 until DEC.2018 or am i reading things wrong here.after the latest updates and podcast i dont know wheather to laugh or cry.
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Post by brightspark on May 27, 2018 18:18:59 GMT
60 quid invested in the second tranche today. Only a few more bob to go!
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rocky1
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Post by rocky1 on May 28, 2018 7:09:14 GMT
is the 70k raised so far enough to to bring our first charge loan back to IOA?.are lendy saying this needs to be 100% funded before this happens?.i suppose lendy know what their doing. leave it to lendy.
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Post by charliebrown on May 29, 2018 9:42:22 GMT
Why would anyone buy the 2nd charge loan at 12% when there’s plenty of the 1st charge loan available at 12%. Why would Lendy launch the 2nd charge under those circumstances, taking us for mugs, yet again. There’s not a snowball’s chance in hell they’re going to get the 1.7m they’re looking for. Lendy la la land.
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rocky1
Member of DD Central
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Post by rocky1 on May 29, 2018 10:20:25 GMT
maybe 2% cashback and 13% interest coming on this one.things dont look good on here any more.
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Post by df on May 29, 2018 10:41:12 GMT
Why would anyone buy the 2nd charge loan at 12% when there’s plenty of the 1st charge loan available at 12%. Why would Lendy launch the 2nd charge under those circumstances, taking us for mugs, yet again. There’s not a snowball’s chance in hell they’re going to get the 1.7m they’re looking for. Lendy la la land. The answer is in latest update: "The second charge loan has been relaunched on the platform, following completion of the loan formalities. We intend to extend the loan to mature in December 2018, in line with the second charge loan, once sufficient funds have been raised to cover extension costs." In theory, this should appeal to investors who have a significant amount in DFL012 which is currently not performing - by raising 1.7m DFL012 will pay interest until December. I agree, the chances are very slim. Somebody just put 5k in DFL036 - Ly will need about 340 investors to make a similar contribution or more to invest smaller amounts, which doesn't look realistic.
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trevor
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Post by trevor on May 29, 2018 12:36:36 GMT
Only 12% for a 2nd charge loan is a total try on by L. They are taking us for mugs. The date at which I resume lending to this lot is getting longer and longer into the distance. This needs a higher interest rate and cash back.
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Post by charliebrown on May 29, 2018 12:43:00 GMT
Why would anyone buy the 2nd charge loan at 12% when there’s plenty of the 1st charge loan available at 12%. Why would Lendy launch the 2nd charge under those circumstances, taking us for mugs, yet again. There’s not a snowball’s chance in hell they’re going to get the 1.7m they’re looking for. Lendy la la land. The answer is in latest update: "The second charge loan has been relaunched on the platform, following completion of the loan formalities. We intend to extend the loan to mature in December 2018, in line with the second charge loan, once sufficient funds have been raised to cover extension costs." In theory, this should appeal to investors who have a significant amount in DFL012 which is currently not performing - by raising 1.7m DFL012 will pay interest until December. I agree, the chances are very slim. Somebody just put 5k in DFL036 - Ly will need about 340 investors to make a similar contribution or more to invest smaller amounts, which doesn't look realistic. Hmmmm... that sounds like holding us to ransom, it’s worse than I thought.
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rocky1
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Post by rocky1 on May 29, 2018 13:42:03 GMT
getting a bit like the sheds loan. we encourage investors[gamblers] to fund tranches promtly to keep up with the borrowers requirements[and lendys]. cant lendy get the underwriters in on all these under funded dfls and sort this mess out. as i have said before i have funds in all of these dfls from day 1 and i am sure not putting more money into lendy.my confidence has completely gone in anything they say.we are going round in bloody circles being fobbed off by lendy and borrowers on loan after loan.sorry not for me any more.i am a HNW investor now.Happy Not Worrying.whatever i get back or dont get back over the next few years we shall see.i just put it down to experience mainly lack of it.
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mh
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Post by mh on May 29, 2018 13:52:33 GMT
Only 12% for a 2nd charge loan is a total try on by L. They are taking us for mugs. The date at which I resume lending to this lot is getting longer and longer into the distance. This needs a higher interest rate and cash back. I agree.
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hazellend
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Post by hazellend on May 29, 2018 13:55:59 GMT
Needs 5% cashback to get this one moving
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rocky1
Member of DD Central
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Post by rocky1 on May 29, 2018 14:09:23 GMT
this morning there was almost 80k invested now it is down to 45k. how does that happen?
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SteveT
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Post by SteveT on May 29, 2018 14:24:11 GMT
this morning there was almost 80k invested now it is down to 45k. how does that happen? Un-funded accidental pre-funds cancelled?
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rocky1
Member of DD Central
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Post by rocky1 on May 29, 2018 14:46:59 GMT
thanks for that steveT. as i have said so much ducking and diving goin on at lendy i dont know just what to believe anymore.
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Post by charliebrown on May 30, 2018 13:04:25 GMT
There’s almost 11 million quid of investors’ money stuck in this loan that’s now not paying any interest. Lendy doesn’t appear to give a damn, as usual. How does that happen?
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