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Post by loftankerman on Aug 10, 2018 14:59:58 GMT
Pulling down Trustpilot reviews is one thing, but censoring reviews on Facebook seems rather unethical to me. They know the reason why they don't show any reviews under 4 star. If they are gonna bend the truth here how are they gonna be trusted otherwise? Sadly like many other people going for the exit, my impaired loans make up about c.50% of my portfolio. Genuinely believe it'll end in tears - they've grown to be a massive company and I don't see where sufficient business is going to come from to pay for it. IMO the new 'Wealth' product was designed more as a response to what we see now, that tranches of existing loans are filling so slowly, that they need new cash from somewhere. A big whale coming in with £1m on the 6% one would be a massive boost, but that requires someone to have more money than sense. LY have bitten the hand that feeds them so many times that none of us have any fingers left. Their attitude to investors is “there’s plenty more where they came from” or, dare I say it, “there’s one born every minutue”. Most of my posts on the LY pages are quite negative, but I genuinely can’t find anything positive to say. Smuggly rubbing shoulders with Princess Anne, whilst at the same time delivering losses and BS updates to investors. I noticed LY are still hiring people. If LY can change their attitude and ultimately improve their performance by driving a lot of the defaults to acceptable conclusions then they may be able to restore confidence. Based on what I can see, I really don’t think they can easily replace all the existing batch of investors heading for the exit doors, they ought to be doing more to keep those people onboard. I'm keen to hear the sales pitch they'd have to come up with to keep me on board, even I can't think of one. And no, getting to shake the hand of some flushed oily looking character having apparent royal connections wouldn't do it.
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Post by loftankerman on Aug 10, 2018 14:50:57 GMT
Maybe they are bringing in a bunch of fall guys so that the old guard can slip out of the country under the cover of darkness and leave this new bunch to carry the can.
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Post by loftankerman on Aug 9, 2018 15:13:23 GMT
You could be forgiven for thinking that chartered bodies don't exist to enforce professional standards, but to support each other against claims that they have failed to observe them.
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Post by loftankerman on Aug 8, 2018 7:46:17 GMT
I've already shot some establishers of a few Liverpool developments I am heavily invested in. You know the ones...one is at a stand still...... Plenty Scousers to film who are shall we say "Livid" Forgive my doubts about this, but considering the Liverpudlian track record, I'd have thought that if there were any genuine feelings on the subject, they'd have held a few related candle lit vigils by now.
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Post by loftankerman on Aug 4, 2018 8:16:48 GMT
Latest update includes: "For commercial reasons we cannot as of yet divulge full details of the proposals as in doing so we could risk the financial close of the negotiated settlement." What kind of factors would risk the financial close of a negotiated settlement? This is so cryptic it has stoked my curiosity.. Ah yes! I think I see where they are going. Back in the mid 1970s I worked on a design team and one of our members, an American lady, never turned up on time and would always arrive with stunning excuses for her absences or delays. They left management speechless on occasions. To amuse ourselves we went into competition with her and wrote a random excuse generator. It was a little program that read from a selection of imposing sets of clauses and randomly attached them together to make a nonsensical sentence that appeared to be carefully thought out and impressive. I reckon Lendy are pulling the same stunt, which is fair enough as world leaders and moth eaten politicians here seem to be doing the same.
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Post by loftankerman on Aug 3, 2018 15:57:21 GMT
It might clear the cr&p off the SM, and help fill future tranches/trenches of the big DFLs, but it isn't going to help in any way with the current heap of defaults / non performing / in recovery loans, which are what most people here are likely suffering from... Unless the rich dudes' money was used to refinance the defaults / etc /etc. Where there's a will the unscrupulous will find a way, even if they haven't figured out the consequences of the end game. that's probably why we are here anyway.
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Post by loftankerman on Aug 3, 2018 14:02:57 GMT
so am I right when I think that we could get really lucky, as the Lendy standard smoke and mirrors and in-flight rule changes end up milking the rich dudes and sorting out all the cr@p that is dragging the Lendy name through the dirt.
Yeah, I know I'm not, but I might have cheered someone up for 20 seconds or so.
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Post by loftankerman on Aug 2, 2018 13:35:06 GMT
I have employed surveyors on a few occasions. I have been of the opinion that their reports were written in such a self protecting manner, that if they had mistakenly surveyed the bus shelter up the road instead of the property, I still wouldn't have had a chance of getting any redress in court. That could be the brick wall Lendy have run into.
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Post by loftankerman on Aug 2, 2018 12:16:01 GMT
God ! What a gullible bunch of persons we are ! They feed us any old fodder and we gobble it up. Wake up people, we have tried to grab huge returns and come well and truly unstuck. Take what ever you can and run, run away as fast as you can, otherwise you will be looking at your balance day in , day out , wondering , will I ever get my money returned ! I`m £20, 000 down with little hope of ever seeing it again, I worked bloody hard to earn that ! If you believe that you are going to see a capital return, then I pity you. We? Beat yourself up if you like, but I think you are being a bit hard on me.
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Post by loftankerman on Aug 1, 2018 12:47:49 GMT
Lendy Gra*am seems to have dropped in a 'glowing' review... It's his one and only review mind Somehow I'm more believing of W*itley B*y J*hn..... The thing is that if Gra*am has just dipped his toe in the water in a loan with a good number of days to go, then he's just as likely to be marvelling at the 'profit' he's making with the help of the nice guys at Lendy. Why wouldn't he oblige with a good review? When he finds out that IA really means Inevitable Anguish, then he'll join the one to two star mob.
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Post by loftankerman on Aug 1, 2018 7:51:50 GMT
Well, I've had a good chuckle at this, a fine way to start the day. Investors won't be able to say they weren't warned their money was at risk, the warnings are all embedded in the promo text.
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Post by loftankerman on Aug 1, 2018 7:18:34 GMT
I have been banned 3 times by the mods. Thus I will choose my words carefully. Does anyone remember the ZDPF scandal? Well in my opinion an analogous situation is happening with many Lundy loans, Some defaulting borrowers are now seeking to transfer the loans to other P to P lenders. Please do your own research on this to see what's happened during the ZDPF scandal. I wonder if the mods will cull this thread. If they do I am wondering whether the mods have vested interests Please can you start by learning to spell? After that please come back. Demanding 100% accuracy in spelling would be a cunning Lendy ploy to cut down criticism on this forum and add a second front to the war on objective Trustpilot reviews.
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Post by loftankerman on Jul 31, 2018 16:39:21 GMT
Latest Update.... "Unfortunately, and through no fault of the borrower’s, the refinance of the loan has taken longer to complete than expected due to unavoidable legal issues. We remain in close communications with the borrower and his legal representatives and we therefore anticipate that the repayment of all capital, accrued interest and bonus accrual to investors will take place during August 2018." Fair enough. The refinance was probably going to be made with a handful of magic beans. Lendy and the borrower would have accepted them on the basis that there was historical evidence that they'd have plenty of time to plant them, climb the beanstalk and rob the giant of enough gold to repay the lenders and fund Cowes Week. They were probably thwarted by Anti-GM activists, even the best plans don't always come together.
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Post by loftankerman on Jul 31, 2018 13:10:55 GMT
Well, I wasn't wrong then! I only just got that up there posted in time.
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Post by loftankerman on Jul 31, 2018 12:23:44 GMT
Lendy: DFL005 Update, 6th July 2017
"Documentary evidence is to be provided over the next two weeks to confirm and the Borrower is confident that the debt will be repaid prior to expiry (early September). On this basis, it is unlikely that the facility will be fully drawn."
So, given that there is a substantiated belief that past performance is a predictor of future performance, this is no time for optimism, we've been here before.
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