warn
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Curmudgeon
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Post by warn on Apr 12, 2017 10:50:11 GMT
And the award for the slowest withdrawal goes to:.......................................................................................... .............................................................................................................................................................................zzzzzzzzzzzzzzzzzzzzzzzzzzz You get your money by Faster Payment when the following working day's withdrawal run happens. This is, as you know, around mid-morning. Ratesetter is slower - they don't pay until mid-afternoon, Zopa is slower still - they don't use FP and take an extra day. You can always shrink the time before your money arrives by not asking for it until late evening.
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Post by Deleted on Apr 12, 2017 11:20:00 GMT
Well Lendy, has had a reputation for poor communication, which they are trying to improve by bringing in this new coms guy. I think it is too early to tell if that is working yet maybe next year they would be in the top three after MT and COL. The newsletter is as bad as the FC and AC ones that come through every so often and are not newsletters but "puffs".
Lendy's TV ad..... not sure that most people will get it, seems very close to the man sitting on the Hippo/Rhino (who cares and who remembers), the issue of Lendy being in a box is just weird and lacks a clear marketing message. I think they need some serious rethinking in that area.
Recent increase in complexity of lending, the poorly handled issue of "the man is a @@@@" and Lendy thought that his previous actions was no reason not to lend to him and the whole lack of control of dates of loans going negative make me feel untrusting. Pity really as the figures look good, just poorly handled and communicated.
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Post by jackpease on Apr 12, 2017 11:20:14 GMT
Judged on my time with them (since floaty times) they'd win - lots of loans, simple and clear website, fun, good returns, savers not lost any capital, until recently most loans uber-liquid, recently loads of availability etc etc. You tell me who beats all that?
Judged by the mood on this forum, they'd lose.
I continue to marvel at the disconnect between the two
Jack P
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arbster
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Post by arbster on Apr 12, 2017 11:53:47 GMT
Judged on my time with them (since floaty times) they'd win - lots of loans, simple and clear website, fun, good returns, savers not lost any capital, until recently most loans uber-liquid, recently loads of availability etc etc. You tell me who beats all that? Judged by the mood on this forum, they'd lose. I continue to marvel at the disconnect between the two Jack P Not casting any aspersions or suggesting there's anything untoward going on, but both Ponzi and Madoff had amazing figures and no one lost any money, until they lost it all, and the Internet stocks bubble made a lot of people rich, then poor almost overnight. The mood on the forum is based on the fact that Lendy has become extraordinarily successful from putting other peoples' money at risk, but seemingly show little respect for those people's need / desire to manage that risk, with lapses in attention to detail that surely would not happen if the money was theirs.
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Post by yorkshireman on Apr 12, 2017 11:59:58 GMT
Now if the award was for BS they’d win hands down purely based on their performance since January 12 2017.
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Post by jackpease on Apr 12, 2017 12:19:53 GMT
Not casting any aspersions or suggesting there's anything untoward going on, but both Ponzi and Madoff had amazing figures and no one lost any money, until they lost it all, and the Internet stocks bubble made a lot of people rich, then poor almost overnight. The mood on the forum is based on the fact that Lendy has become extraordinarily successful from putting other peoples' money at risk, but seemingly show little respect for those people's need / desire to manage that risk, with lapses in attention to detail that surely would not happen if the money was theirs. But are Lendy's transgressions any worse than FC which we know little about? Or Ratesetter? Or Assetz? The only thing Lendy hasn't yet done is default a loan AND lose punters' money - but when other platforms do that they get grief too. I tend to think they are all as bad/good as each other - much of a muchness - I suspect other platforms have just as many issues but we just haven't uncovered them yet. I think they are all operating in an edgy, risky, fast moving area and frequently get it wrong precisely because they are not uber-cautious banks which we choose not to invest in. I thank this forum for highlighting Lendy's issues, but I think picking on Lendy is letting others off the hook who are probably just as chaotic. ie they're all potentially ponzi - but Lendy continues to deliver good returns so would get my vote,,,, Jack P
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arbster
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Post by arbster on Apr 12, 2017 12:37:37 GMT
I tend to think they are all as bad/good as each other - much of a muchness - I suspect other platforms have just as many issues but we just haven't uncovered them yet. I think they are all operating in an edgy, risky, fast moving area and frequently get it wrong precisely because they are not uber-cautious banks which we choose not to invest in. I thank this forum for highlighting Lendy's issues, but I think picking on Lendy is letting others off the hook who are probably just as chaotic. ie they're all potentially ponzi - but Lendy continues to deliver good returns so would get my vote,,,, Sure, I agree there's a lot of poor practice out there, and FC has certainly shown a similar disdain for lenders for a much longer time, and I'm sure the forum has had plenty to say about that too, so it's not just Lendy being picked on. You seem to be describing an award for the lender who is "not as bad as some others and offering very good returns". As such, I'd agree, but there are a few platforms I'd prefer over Lendy, in some cases despite defaults, simply because I believe they're trying to do the right thing. It feels like Lendy has just mostly been lucky, and the lack of transparency around the recovery from the most recent default just adds to my unease about the health of the underlying organisation and its business practices.
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Liz
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Post by Liz on Apr 12, 2017 12:46:56 GMT
Most of these platforms are out to make a quick buck. It is as simple as that.
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Post by Deleted on Apr 12, 2017 12:56:52 GMT
Still if I was the Lendy marketing guy I'd get my bonus linked to turning this present poor score into a great score for 2018  |
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guff
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Post by guff on Apr 12, 2017 13:12:10 GMT
Now if the award was for BS they’d win hands down purely based on their performance since January 12 2017. Performance figure of 85%? 
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Post by yorkshireman on Apr 12, 2017 13:38:26 GMT
Now if the award was for BS they’d win hands down purely based on their performance since January 12 2017. Performance figure of 85%? I'd rate it at 97%
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oldgrumpy
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Post by oldgrumpy on Apr 12, 2017 13:45:41 GMT
Now if the award was for BS they’d win hands down purely based on their performance since January 12 2017. R U still aloud to say BS on this forum? Mite ofend those non-rocker tipes. 
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jonno
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nil satis nisi optimum
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Post by jonno on Apr 12, 2017 14:04:17 GMT
Not casting any aspersions or suggesting there's anything untoward going on, but both Ponzi and Madoff had amazing figures and no one lost any money, until they lost it all, and the Internet stocks bubble made a lot of people rich, then poor almost overnight. The mood on the forum is based on the fact that Lendy has become extraordinarily successful from putting other peoples' money at risk, but seemingly show little respect for those people's need / desire to manage that risk, with lapses in attention to detail that surely would not happen if the money was theirs. But are Lendy's transgressions any worse than FC which we know little about? Or Ratesetter? Or Assetz? The only thing Lendy hasn't yet done is default a loan AND lose punters' money - but when other platforms do that they get grief too. I tend to think they are all as bad/good as each other - much of a muchness - I suspect other platforms have just as many issues but we just haven't uncovered them yet. I think they are all operating in an edgy, risky, fast moving area and frequently get it wrong precisely because they are not uber-cautious banks which we choose not to invest in. I thank this forum for highlighting Lendy's issues, but I think picking on Lendy is letting others off the hook who are probably just as chaotic. ie they're all potentially ponzi - but Lendy continues to deliver good returns so would get my vote,,,, Jack P I agree. But personally I've already pulled out of FC, RS and AC. But as far as I know Lendy are the only platform sending us a pre-filled voting slip telling the world how fab they are. Not good form.
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Post by yorkshireman on Apr 12, 2017 14:23:46 GMT
Lendy are the only platform sending us a pre-filled voting slip telling the world how fab they are. Not good form. Not good form, I agree but when someone’s CV states that they have “a love for story-telling” then perhaps it’s to be expected. 
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Post by yorkshireman on Apr 12, 2017 14:27:37 GMT
Now if the award was for BS they’d win hands down purely based on their performance since January 12 2017. R U still aloud to say BS on this forum? Mite ofend those non-rocker tipes. Since I returned to this forum I’ve detected a more relaxed approach from the mods.
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