Balder
Member of DD Central
Posts: 646 
Likes: 622
|
Post by Balder on May 11, 2018 17:45:02 GMT
Lendy if you can't even do such sparse updates correctly there is zero hope for you - despite your constant bleating about making improvements - zero seen outward to your Customers! Paul64 |
|
rocky1
Member of DD Central
Posts: 1,139
Likes: 1,963
|
Post by rocky1 on May 11, 2018 17:50:09 GMT
Seemed like a clear case of taking a lump of property to the lump of property pawn broker. They had no time to spend the money, so why can't that be reclaimed? because the dough is now in a nice bank account in the BVI along with the borrowers i suspect.lendy are giving us the BSagain about a face to face meeting.
|
|
ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,168
Likes: 4,859
|
Post by ozboy on May 11, 2018 18:21:17 GMT
It is of no comfort now, but I refer to my posting in this thread of Mar 9, 2017, which I had entirely forgotten about, but puddleduck "Liked" so I was today reminded of it.
As I have said on here so many times before it's sad that I have to even now still keep repeating it, "Rise up folks and Complain!"
To The Platform, The FCA, RICS, and your Member for Parliament. (Questions in The House will get things moving nicely, dontcha think?!)
|
|
|
|
Post by brightspark on May 11, 2018 18:43:06 GMT
On other platforms I have struggled with the odd Irish Wind turbine that never turned a blade, with a powerboat that never ever got up to speed, with a hopeless London aparthotel. None of them got my hackles up. This one is truly awful. This one does make me angry. Lendy, the Fawlty Towers of p to p.
|
|
|
|
Post by charliebrown on May 12, 2018 0:37:51 GMT
It is of no comfort now, but I refer to my posting in this thread of Mar 9, 2017, which I had entirely forgotten about, but puddleduck "Liked" so I was today reminded of it. As I have said on here so many times before it's sad that I have to even now still keep repeating it, "Rise up folks and Complain!" To The Platform, The FCA, RICS, and your Member for Parliament. (Questions in The House will get things moving nicely, dontcha think?!) I’d be willing to, but the phrases “talk to the hand” and “tell someone who cares” spring to mind.
|
|
debaura
Member of DD Central
Posts: 277 
Likes: 318
|
Post by debaura on May 12, 2018 6:20:13 GMT
This loan has got a very nasty taste to it. Should be investigated by the FCA. How do we go about making this happen?
|
|
SteveT
Member of DD Central
Posts: 6,875
Likes: 7,924
|
Post by SteveT on May 12, 2018 6:38:07 GMT
This loan has got a very nasty taste to it. Should be investigated by the FCA. How do we go about making this happen? 1) Raise a formal written complaint with Lendy 2) Once Lendy have sent you their final response to your complaint, (if you remain unsatisfied) escalate your complaint to the Financial Ombudsman Service. Process is described here
|
|
debaura
Member of DD Central
Posts: 277
Likes: 318
|
Post by debaura on May 12, 2018 6:48:06 GMT
OK great thanks I will do that, I hope others will too.
|
|
debaura
Member of DD Central
Posts: 277
Likes: 318
|
Post by debaura on May 12, 2018 6:54:00 GMT
|
|
rocky1
Member of DD Central
Posts: 1,139
Likes: 1,963
|
Post by rocky1 on May 12, 2018 7:08:55 GMT
i think lendy will just reply with read our T@Cs as usual. i am also looking to contact the FOS maladministration ombudsman because as not just with this case but the way many many loans have been brought to the platform and progressed to the dreadful mess they are in now is just not the actions of a responsible company dealing with many millions of pounds of client funds.we could bring a large comlaint if members could sort out because then it would stand more chance of being looked in to.lendy is not getting/going to better.there is so much more to come with all these non performing/claims underway stuff and they just cant deal with it.
|
|
|
|
Post by p2plender on May 12, 2018 7:13:45 GMT
It is of no comfort now, but I refer to my posting in this thread of Mar 9, 2017, which I had entirely forgotten about, but puddleduck "Liked" so I was today reminded of it. As I have said on here so many times before it's sad that I have to even now still keep repeating it, "Rise up folks and Complain!" To The Platform, The FCA, RICS, and your Member for Parliament. (Questions in The House will get things moving nicely, dontcha think?!) I think it was an August 9th post that triggered my sale. I praise the lord that I left it in the sm for 2 months otherwise I'd be in for a big 5 fig bath and possibly more. Lendy were flying high when they launched this, hence 11% when in fact it should have probably been closer to 111%..
|
|
SteveT
Member of DD Central
Posts: 6,875
Likes: 7,924
|
Post by SteveT on May 12, 2018 7:19:01 GMT
OK great thanks I will do that, I hope others will too. Before you do so, I suggest you read this ruling from the FOS regarding a P2P loan on another platform. Although, in that case, the platform was absolved of blame, the ruling describes the Ombudsman's test as being " suffered loss and damage as a result of gross negligence, or wilful misconduct, on the part of [the platform]". To be effective, any complaint will need to lay out how you believe that gross negligence or wilful misconduct on the part of Lendy has caused you to suffer loss or damage. One obvious potential issue with complaining now about DFL017 is that it's not yet clear whether lenders will suffer a loss and of what magnitude.
|
|
rocky1
Member of DD Central
Posts: 1,139
Likes: 1,963
|
Post by rocky1 on May 12, 2018 7:41:47 GMT
understand what your saying stevieT but maladministration covers many things.we really cant just keep up with this pretence much longer.what else can we do this will be going on for years at this rate and investors losing capital that could be earning interest elsewhere.
|
|
SteveT
Member of DD Central
Posts: 6,875
Likes: 7,924
|
Post by SteveT on May 12, 2018 7:55:08 GMT
understand what your saying stevieT but maladministration covers many things.we really cant just keep up with this pretence much longer.what else can we do this will be going on for years at this rate and investors losing capital that could be earning interest elsewhere. I don't disagree, but the very nature of property lending is that defaults DO take several years to tackle and for the magnitude of any loss to be quantified (take a look at some of the "long runners" on AC and FS). My point is only that a formal complaint to the FOS that doesn't meet the bar the Ombudsman will test it against is destined to fail from the outset. I'm not sure the "opportunity cost" of interest that capital locked up in a defaulted loan could have been earning elsewhere will cut much ice. Even if it did, at, say, 0.5% pa (ie. BBR), it's not going to amount to much! In the meantime, until "loss and damage" can be quantified, other channels for informal complaint may prove more effective (eg. stories in the national media)
|
|
debaura
Member of DD Central
Posts: 277
Likes: 318
|
Post by debaura on May 12, 2018 8:04:59 GMT
It seems to me (on my very limited reading of this loan), that it was/is potentially fraudulent.
|
|
