Carter
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Post by Carter on Jan 22, 2019 12:53:45 GMT
No way round this for Lendy. They have screwed up by misrepresenting the status of loans with respect to IOA and the evidence is clear this hasn't just been a one off. I already had my complaint in from the initial issue last year and wait patiently for a formal explanation. As far as I can see this cannot be explained away and Lendy will have to report this and take a hit.
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Carter
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Post by Carter on Jan 10, 2019 10:54:42 GMT
Decision deferred due to ongoing FCA action. Yep, just got my letter through via email. Deferred pending FCA Enforcement investigation. Good to have that in the back pocket for now.
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Carter
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Post by Carter on Jan 6, 2019 19:36:06 GMT
.......... My issue is with a group of forum members who refuse to admit being in a syndicate so people will not understand where they are coming from when they post. I think everyone should ask themselves why the big secret..... So there's a bunch of people you suspect of being in a syndicate who have confirmed your suspicion by refusing to admit it. Tricky one. I do understand the background and your desire to protect the forum from these perceived threats but I would question how you're going about it. The initial post that has sparked this debate was a one line factual statement from ilmoro. Your intervention arrived when picnicman responded positively. I read your intervention as an attempt to steer picnicman away from ilmoro whilst also having a dig relating to your issue as stated above. There was nothing in the post that warranted your intervention. However you took the opportunity to portray ilmoro negatively, effectively inferring posts from this individual should not be trusted. If the administration team has good grounds to act against an individual or group then it should do so in accordance with its rules. If it doesn't have grounds but just unverified suspicions then of course be vigilant in reviewing content of posts but please don't act in the way that you have. In my view it doesn't reflect well on you or the administration team. fwiw I am not a member of any syndicate, although I would refuse to admit it if I was . Neither am I particularly sticking up for ilmoro, he's more than capable of that himself, however I am irked when people in positions of power act in a certain manner against any individual. P.S If your first thought after reading this post is to consult the rulebook to see if I should be banned then please have a word with yourself.
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Carter
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Post by Carter on Jan 5, 2019 13:31:49 GMT
As an administrator of this forum star dust I'm surprised you feel the need to go after long serving forum members who are contributing useful information that people like me and many others appreciate. You also seem to be in a group of people that keep banging on about syndicates and such matters, but who cares? I don't recall exclusivity being in this forums rules so if no forum rules have been broken why not just keep your grievances to yourself instead of jumping on positive contributions and turning them sour.
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Carter
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Post by Carter on Dec 21, 2018 21:27:23 GMT
replied in the positive. rxdav Forgot to mention - doesn't mean I don't think they are a bunch of money grabbing bar-stewards - who hopefully will be first on the guillotine - metaphorically or, preferably, literally!! P.S. If you need someone to pull the lever - just email me- I'll be there at my own expense and will bring my own sandwiches!! First against the wall...surely.
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Carter
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Post by Carter on Dec 21, 2018 20:26:42 GMT
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Carter
Member of DD Central
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Likes: 549
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Post by Carter on Dec 21, 2018 19:54:11 GMT
I'm afraid we'll just have to see on this one. Again it's a test that we won't have to wait too long on to see evidence of Lendy's renewed recovery capability. My initial worry is the amount of cash that's been slung across the group and isn't where it should be. Lendy has always been poor at comms and decision making and... well, the list's too long isn't it? But they are making noises that they're prepared to do what it takes. They have taken action across this borrowers portfolio, they have given an update in the timeframe they stated so let's see. I've said before, January will be a big month for Lendy and will set the tone for 2019.
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Carter
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Post by Carter on Dec 21, 2018 18:25:30 GMT
I notice Broker2020 has not revealed his source. Could just be a scaremongerer. Quite. It says something about the state of this board doesn't it. People can drop grenades and then put their feet up and watch the usual suspects regurgitate ad infinitum.
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Carter
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Post by Carter on Dec 21, 2018 12:04:39 GMT
Yup, replied already.
Why this has just materialised now beggars belief.
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Carter
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Post by Carter on Dec 20, 2018 13:15:30 GMT
In this scenario I would at least expect an intro from Liam regarding the new board and structure followed by an introduction from each of the newbies touching on their extensive experience of pulling rabbits out of hats. Followed by a high level overview of the company strategy for 2019 and timescales for further updates to demonstrate progress.
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Carter
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Post by Carter on Dec 20, 2018 13:05:31 GMT
Worth the wait?
Let's hope it is a happy new year.
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Carter
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Lendy (L) in Administration
Lendy Wealth
Dec 20, 2018 13:03:43 GMT
via mobile
Post by Carter on Dec 20, 2018 13:03:43 GMT
Has anybody with the Lendy wealth product managed to successfully get their money out, in particular the Wealth60 account. I have just heard a disturbing story that the money is being used to pay the interest on certain deals, and I am not sure if this is just speculation or fact. What's your source?
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Carter
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Post by Carter on Dec 20, 2018 11:13:10 GMT
Recovery of large problematic loans is the only action that will restore some level of confidence that Lendy are seriously tackling the loanbook. New promises of detailed reports and transparency around recovery sound positive but we won't have to wait long to establish whether there's meat on the bone. By the end of January we should have the evidence. I personally don't trust Lendy but then again I don't trust anyone in relation to large amounts of money. I certainly don't trust the numerous lenders who seem intent on demanding a fire sale of the loanbook at a massive loss.
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Carter
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Post by Carter on Dec 20, 2018 8:00:11 GMT
1pm ...hmm..hope I can access a recording, as I will be working! I have already arranged to take my elderly mother to the surgery for an essential warfarin related blood test and the appointment is late morning so I will not be able to watch the broadcast but I trust forum members will update us on what is said, who the persons doing it were and what impression they gained of them and their competency and sincerity. I retain an unfortunate interest in 2 old terms loans in sunny Devon. And I know I am old school but webinar is a new word on me that I shall now add to my vocabulary...or maybe not. Please also consider adding this word to you vocabulary while your at it.... Oversharing 😅
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Carter
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Post by Carter on Dec 19, 2018 19:24:23 GMT
Signs of life.
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