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Post by skint4achange on Dec 14, 2017 16:35:36 GMT
Or they haven't noticed that this is the one is due to repay and clicked a little too quickly... If they have done that, I am not sure if they will be disappointed or not!! 
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Doc
Member of DD Central
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Post by Doc on Dec 14, 2017 19:55:45 GMT
Yes allocation was much higher that I thought - I got the £5K i asked for I think it's probably because a lot of people did not receive the go live email.
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sarahcount
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Post by sarahcount on Dec 15, 2017 21:51:40 GMT
£1000 of PBL191 on the SM if you are quick, have spare money sitting on the account and want a safe home at 12% for a few days.
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sarahcount
Member of DD Central
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Post by sarahcount on Dec 15, 2017 22:07:14 GMT
All gone.
For those that missed you can instead buy some of the SM loan parts that I am selling...
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Post by charlata on Dec 16, 2017 8:48:45 GMT
I find it a little strange that DFL031 hasn't drawn down yet, meaning that interest is being paid on both PBL191 and DFL031. I'm quite sure the monies received for DFL031 are safely secured in the client account, and have not been invested in the sm over the weekend.
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sarahcount
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Post by sarahcount on Dec 16, 2017 21:20:01 GMT
PBL191 now repaid by the DFL.
Someone's working late at Lendy Towers on a Saturday night.
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sl75
Posts: 2,092
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Post by sl75 on Dec 18, 2017 9:01:49 GMT
PBL191 now repaid by the DFL. Someone's working late at Lendy Towers on a Saturday night. I guess their Saturday night overtime rate is cheaper in the short term than 1 extra day's interest to investors (over £200 in aggregate by my calculations), and perhaps also they thought that the extra money floating around would have made its way onto the other undersubscribed DFL tranches by now?
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richox
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Post by richox on Feb 20, 2019 16:51:39 GMT
So Lendy you expect a refinance that is supposedly well progressed to take another 60 days. Please tell us why. This looks like a classic Lendy can kicking exercise.
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bloodycat
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Post by bloodycat on Mar 15, 2020 10:50:53 GMT
Just noticed this repaid capital on Thursday. No idea if we will ever see the interest.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,330
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Post by ilmoro on Mar 15, 2020 11:02:01 GMT
Just noticed this repaid capital on Thursday. No idea if we will ever see the interest. Not all the capital, 78%, the balance no doubt being ringfenced to cover Lendy's current entitlement. Someone has done a rough calc on LAG FB that it was refinanced for about the full normal sum due except the default interest. Also highlights security not apparently enforced so no receiver costs and technically no SLA as Lendy didn't have to manage a recovery (admin report definition of SLA imposition), just an overdue refinance. (Last bit probably wishful thinking)
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jcb208
Member of DD Central
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Post by jcb208 on Mar 20, 2020 16:39:55 GMT
I'm Not in this loan but just had the administrators update on this one Lendys contractual entitlement £502,376 not bad for a bunch of <moderator removed> I'm gob smacked  So so wrong |
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elsee
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Retired:D
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Post by elsee on Mar 20, 2020 21:29:35 GMT
I just wish they could speak English. Who NOT whom. We are the subject not the object (nominative not accusative)!!!
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sl75
Posts: 2,092
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Post by sl75 on Mar 24, 2020 20:51:10 GMT
Just noticed this repaid capital on Thursday. No idea if we will ever see the interest. Not all the capital, 78%, the balance no doubt being ringfenced to cover Lendy's current entitlement. What entitlement? There's bonus interest on that loan, so the terms at lendy.co.uk/bonus-accrual apply - the "bonus interest" is "paid in preference to Lendy's share of margins and fees".
Lendy had offered bonus interest on those terms, and I accepted those terms by investing (or continuing to remain invested in) that loan, so given an offer and acceptance, a contract is formed under the stated terms. If that's different to the terms that Lendy INTENDED to offer investors, then as the party that didn't draft the contract that doesn't seem to be my error or ultimately my problem.
I understand that some of Lendy's creditors have tried to claim that some other magic waterfall rules apply, and that the so-called "entitlement" is being held until either a court rules on the matter, or those creditors relinquish their claim on our money.
Whilst I'm in no way directly involved in the court action, it seems plausible to me that acknowledging Lendy's creditors' claim over OUR money as an "entitlement" would somewhat weaken our position.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,330
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Post by ilmoro on Mar 24, 2020 22:44:05 GMT
Not all the capital, 78%, the balance no doubt being ringfenced to cover Lendy's current entitlement. What entitlement? There's bonus interest on that loan, so the terms at lendy.co.uk/bonus-accrual apply - the "bonus interest" is "paid in preference to Lendy's share of margins and fees".
Lendy had offered bonus interest on those terms, and I accepted those terms by investing (or continuing to remain invested in) that loan, so given an offer and acceptance, a contract is formed under the stated terms. If that's different to the terms that Lendy INTENDED to offer investors, then as the party that didn't draft the contract that doesn't seem to be my error or ultimately my problem.
I understand that some of Lendy's creditors have tried to claim that some other magic waterfall rules apply, and that the so-called "entitlement" is being held until either a court rules on the matter, or those creditors relinquish their claim on our money.
Whilst I'm in no way directly involved in the court action, it seems plausible to me that acknowledging Lendy's creditors' claim over OUR money as an "entitlement" would somewhat weaken our position.
The one that counsel says is in the loan contract … its not creditors claiming that some magic waterfall applies, its lawyers disregarding all documents except the security charge which defines who are beneficiaries of the proceeds and the loan contract which defines how those proceeds are divided. Bon interest isn't in the t&cs and is probably non-contractual. Investors, in the form of LAG don't accept this interpretation so RSM are seeking court direction … Im sure bonus interest will come up.
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So so wrong 