DFL017 - ** H***r R*w, Old Marylebone Road DEFAULT

Were that the case, surely Lendy would have every interest in reporting the borrower to the Police (what better way to deflect lenders' ire?). Have you asked Lendy whether there is evidence of it being "potentially fraudulent"?

Or are you suggesting that Lendy are complicit in the "potential fraud"? In which case, I'd say it's the Police you'd need to speak to, rather than the FOS.

This is going to be a very unpopular post, but there are far too many posters here who practice an 'expect losses, but diversify' so will throw money at ANY loan, no matter how dodgy it looks.

I'm sorry but this is just enabling what looks to me like a calculated fraud attempt (or sale by pawn if you want to be charitable) - people need to have a long hard look at this, because I think there is an ethical issue as well as well as a straighforward financial issue.

It's not JUST about expecting losses, or loans to go bad - some loans should not be funded - they don't pass the smell tests. I'd like to think that people have a sense of ethics and a sense of responsibility not to throw money at this sort of thing, but sadly it appears far too many people act as enablers. The signs were all there in the first couple of pages!

Let's face it, that doesn't just describe what might be the attitude of some posters but Lendy themselves. Setting out your market stall geared to selling the notion of investing in pipe dreams to optimists has to appeal to the unscrupulous above all.

The procedure is straightforward and suitable for a lay person to follow.   A question is how much of your own time are you prepared to devote to a claim which may involve a relatively small amount of your money and a claim which you could well lose.  Every let out known to the financial world is available to the platform.   A second  question is if lots of individuals submit similar claims Lendy might go out of business leaving investors stranded a la Collateral.   I don't think there is a solution.   My response is to give up on the platform - I am currently pretty well trapped in a residual 8 loans including this dog but no more Lendy for me - No more FC and no more FS either for that matter.   The P to P industry has moved away from its initial idealism and matured but not in a healthy way.   Too many borrowers and some platform operators have no integrity.   Unfortunately the larger the sums involved the worse it seems to become.  The government has contributed to this  by creating a toothless and under resourced regulator.   Old school city institutions must be rubbing their hands with glee as they sit on the sidelines watching the death throes of this upstart competition.  

The main public facing page on Alls*p's website now has the property marked as "Withdrawn" so anyone interested in obtaining copies of the extensive documentation available on the dedicated marketing website would be advised to do so sooner rather than later in case they disappear. The main details have been summarised on DD Central (along with the unredacted url) for those with access.

was anything actually done on this project or did lendy just give them £7 million+.who/where was our money transferred to and in such a short time everything went pear shaped.why are lendy messing about here.never mind the the FCA the way lendy are throwing our money around the world out of reach we will need the FBI.surely there must have been a bit of fraudulent activity going on here.i just cant work lendy out nothing surprises me any more