stokeloans
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Post by stokeloans on Feb 9, 2021 17:29:04 GMT
Ooh goody,a return,now what shall I spend my £4.58 on ?
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sydb
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Post by sydb on Feb 9, 2021 17:35:14 GMT
So they have sold the whole lot?  . This was my largest loan. I had my settings set at autoinvest and hadn't realised they started offering tranches for the same loans. My auto-invest kept gobbling up the tranches till I noticed that i was overinvested in this one loan. I quickly disabled it but already was in it for about 20k. . . I was stung in the same way but for less. P2P is not for the passive investor. Lendy's autoinvest setting was never fit for purpose. It is just another thing that the FCA could have warned investors about directly but, then, the FCA does not exist to protect investors; it exists just to make sure the regulations are being adhered to. When there are no regulations then...
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Post by valueinvestor123 on Feb 9, 2021 17:39:37 GMT
So they have sold the whole lot? . This was my largest loan. I had my settings set at autoinvest and hadn't realised they started offering tranches for the same loans. My auto-invest kept gobbling up the tranches till I noticed that i was overinvested in this one loan. I quickly disabled it but already was in it for about 20k. . . I was stung in the same way but for less. P2P is not for the passive investor. Lendy's autoinvest setting was never fit for purpose. It is just another thing that the FCA could have warned investors about directly but, then, the FCA does not exist to protect investors; it exists just to make sure the regulations are being adhered to. When there are no regulations then... Why are the regulators not coming forward admitting wrong-doing? Can the ombudsman do anything about it? Has anyone filed complaints individually and what was their response?
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adrianc
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Post by adrianc on Feb 9, 2021 17:44:35 GMT
And... right on cue, here's the email with the administrator's update. £1.7m sale minus £572k third-party costs minus £85k paid by Lendy minus £80k Lendy service fee minus £400k Lendy entitlement = £561k for us = £550k nice round number, the remained maybe coming later (see the PBL106 note on the same email) Just to clean that up a bit... £1,700k in. £572k + £85k owed in sale costs = £657k of the £1,700k already spent just to get it. £1,043k to the administrators of Lendy. £400k + £80k owed to the administrators of Lendy. £563k £561k for us. (I'm using rounded figures, email gives exact)£550k distributed to us. £11k left behind, presumably to be distributed later as per PBL106 - or to be used to fund legals for PI/PG.
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rocky1
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Post by rocky1 on Feb 9, 2021 17:51:00 GMT
Ooh goody,a return,now what shall I spend my £4.58 on ? lendy contract entitlement inc default int over £400k. from tonights rsm email update with another loan lendy have had a good day at the office.the bloody whole lot of it is a complete farce.
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one21
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Post by one21 on Feb 9, 2021 18:37:16 GMT
Another slightly over valued project it seems 33m sold for 1.7m, £15,152,734 handed over to the Borrower, quite sickening to say the least!
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Post by boomorbust on Jul 31, 2021 6:46:29 GMT
In case anyone missed it, there was a small payout on this loan yesterday.
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jhamster
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Post by jhamster on Aug 1, 2021 21:25:23 GMT
In case anyone missed it, there was a small payout on this loan yesterday. I had £2. I think I'm going to seek some financial advice on how best to invest it. I'm thinking medium Mcfries.
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Post by df on Aug 1, 2021 23:03:46 GMT
In case anyone missed it, there was a small payout on this loan yesterday. I had £2. I think I'm going to seek some financial advice on how best to invest it. I'm thinking medium Mcfries. I had 86p. It will probably take few weeks to arrive to my bank account, but I have all confidence that it will get there by the end of month. I will keep my 86p in my bank account in waiting for the next opportunity  Looking at my loan book - I'm pretty sure the Saving Stream finale is a loss for me.
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agent69
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Post by agent69 on Aug 2, 2021 8:43:31 GMT
I had £2. I think I'm going to seek some financial advice on how best to invest it. I'm thinking medium Mcfries. It will probably take few weeks to arrive to my bank account, but I have all confidence that it will get there by the end of month. I will keep my 86p in my bank account in waiting for the next opportunity Looking at my loan book - I'm pretty sure the Saving Stream finale is a loss for me. Having small repayments dribbling into accounts is a bit of a pain. I have 36p in AC, 86p in FS and £2.50 in MT.
Can't quite build up sufficient enthusiasm to withdraw it all.
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bloodycat
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Post by bloodycat on Aug 2, 2021 9:36:47 GMT
I had 86p. It will probably take few weeks to arrive to my bank account, but I have all confidence that it will get there by the end of month. I will keep my 86p in my bank account in waiting for the next opportunity Looking at my loan book - I'm pretty sure the Saving Stream finale is a loss for me.
Surprisingly the withdrawal I requested on Friday appeared in my account this morning.
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piper62
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Post by piper62 on Aug 5, 2021 12:34:29 GMT
Hi
Just found myself with a bit of money from this one, well at least enough to buy a pie and a pint .
Does anyone know does Lendy still allow withdrawal s as I know FS have stopped them.
Thanks Peter
P.s. not to worry just seen my fellow sufferer above got to spend his 86p
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Post by df on Aug 5, 2021 13:46:08 GMT
Hi Just found myself with a bit of money from this one, well at least enough to buy a pie and a pint . Does anyone know does Lendy still allow withdrawal s as I know FS have stopped them. Thanks Peter P.s. not to worry just seen my fellow sufferer above got to spend his 86p Yes, withdrawals are allowed on Lendy. I've requested mine on Friday and it arrived the following Tuesday.
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Post by rooster on Dec 21, 2021 18:46:56 GMT
Hi all,
So according to today's 'Joint Administration Report', in respect of this loan (DFL019) the "Property sold pre-Admin and funds distributed".
If that's the case, how come I've still got it showing as a 'Live' (outstanding/open) loan on the platform when I login, and presumably expecting a further 'pay-out' please?
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Dec 21, 2021 19:33:07 GMT
Hi all, So according to today's 'Joint Administration Report', in respect of this loan (DFL019) the "Property sold pre-Admin and funds distributed". If that's the case, how come I've still got it showing as a 'Live' (outstanding/open) loan on the platform when I login, and presumably expecting a further 'pay-out' please? Its an error, should say funds received in previous reporting period
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.
Looking at my loan book - I'm pretty sure the Saving Stream finale is a loss for me. 
