r1200gs
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Post by r1200gs on Apr 9, 2019 15:37:23 GMT
Didn't we already see a recovery of nearly a million with way less than half paid out to lenders, with no explanation of breakdown of costs?
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sarahcount
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Post by sarahcount on Apr 9, 2019 16:04:03 GMT
to get a better picture google bury news latest and our borrower is there with a big smile on his face but the rest of it is not good. Comment from a reader of the local paper "the banks and lenders are also to blame for propping these chancers who walk away and reappear the next day under a different company name".
Don't we know it. Lessons learned.
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rocky1
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Post by rocky1 on Apr 9, 2019 16:45:56 GMT
lendy made a fortune pushing this chancers land/development loans when tranche after tranche was being released every month with very little being done on most of these sites.lendy will now take another fortune in fees/interest from the fall of of his empire.will probably be with his mate liam at this years cowes fund raising scheme.
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Post by p2plender on Apr 9, 2019 21:39:58 GMT
Lendy will make sure they get their full interest payment out of any recoveries. Also allow for the exorbitant fees of the administrators etc and we're probably lucky if there's 30% left for us. It's time Lendy came clean about the breakdown of where recoveries go. Into the Malta account I'd have thought. Unbelievable what Brooke has achieved here. No need to set yourself up as a bank robber these days. The internet and a fistful of naive investors are the only required tools.
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averageguy
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Post by averageguy on Apr 9, 2019 21:53:01 GMT
looks like a 30% recovery on this. Another job well done Lendy. So where's this come from? I see a couple of posters have asked the same question without reply...I heard it was only 10%..or was it 5
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rocky1
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Post by rocky1 on Apr 10, 2019 4:29:57 GMT
lendys interest coming before our capital on recoveries should not be allowed by the FCA.i know there are T&Cs and they are very loaded towards lendy.the mismanagement and state of this loan book lies directly at Liam's/lendys door.so there was never no incentive for lendy to push borrowers for repayment.lendy fees and I guess a default interest rate will decimate our returns.we still have not been shown any breakdowns on previous recoveries.come on lendy a bit of transparency while you are shafting your lenders for a second time.
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averageguy
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Post by averageguy on May 10, 2019 11:25:58 GMT
So only one offer received and that’s from the borrower! At below loan value
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adrianc
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Post by adrianc on May 10, 2019 11:37:17 GMT
So only one offer received and that’s from the borrower! At below loan value Frankly, I don't care who the offer's from. And I presume there's some form of guarantee from the borrower re: any shortfall...
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averageguy
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Post by averageguy on May 10, 2019 13:16:22 GMT
So only one offer received and that’s from the borrower! At below loan value Frankly, I don't care who the offer's from. And I presume there's some form of guarantee from the borrower re: any shortfall... I wouldn’t presume anything ...but perhaps they could get on with it!
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rocky1
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Post by rocky1 on May 17, 2019 6:41:48 GMT
Offer below loan value from the borrower.this is one of the famous mr SD schemes along with all the other student DFLs.the borrower who lendy allowed to run up over 30mill of our money and had a special relationship with lendy.innterest free loans for a few years and pay half capital back nice relationship.
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averageguy
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Post by averageguy on Aug 22, 2019 21:39:21 GMT
Borrower still seemingly being an arse
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Post by picanto on Aug 23, 2019 20:19:13 GMT
Borrower still seemingly being an arse Wasn't that part of Lendy's lending criteria?
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averageguy
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Post by averageguy on Oct 29, 2019 19:02:58 GMT
At last admins have realised it’s not worth dealing with the borrower (latest update)
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rocky1
Member of DD Central
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Post by rocky1 on Oct 29, 2019 19:41:11 GMT
Borrower still seemingly being an arse i hope RSM can chase all these personal guarantees he was promising on all these schemes.i hope they can make sure that mr SD does end up on his arse and hunt down every penny he has scammed [with the help of LB/LENDY] and give a decent return to lenders on all of his failed schemes.
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hazellend
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Post by hazellend on Oct 29, 2019 22:24:04 GMT
Borrower still seemingly being an arse i hope RSM can chase all these personal guarantees he was promising on all these schemes.i hope they can make sure that mr SD does end up on his arse and hunt down every penny he has scammed [with the help of LB/LENDY] and give a decent return to lenders on all of his failed schemes. I hope so too, but realistically I think nothing will be reclaimed from PG.
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