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Post by loftankerman on Jun 23, 2018 8:12:29 GMT
When criticised by people complaining about their lending experiences, Lendy lecture them, repeating their mantras of 'understanding risk' and 'diversification'. When their infinite tranche game plans goes awry, it's because people are recklessly putting them in jeopardy by considering risk and diversifying. I suppose they'd like us to take out pay day loans to further fund these carrot on stick DFLs.
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Post by loftankerman on Jun 22, 2018 22:26:02 GMT
Also - and this is a serious question - does anybody know whether or not the process of arranging structural defects insurance cover usually takes a few weeks? It seems to be a very convenient stalling tactic.
I've never even heard of it before. I imagine any company being asked to cover it would want to have a survey up front to see what they might be letting themselves in for. If that is the case, they might be doing the rounds trying to get a quote they can afford. I don't suppose they can get an online quote from a Meerkat.
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Post by loftankerman on Jun 20, 2018 18:24:50 GMT
Someone has posted a fair, non imflammatory two star review on TP this afternoon. It would be difficult to claim that there was any reason for it to be taken down. Instead, Lendy, have responded. "We're sorry that you felt the need to post a review on Trustpilot. ....." I suppose the poor guy thought he was just helpfully complying with their requests.This review request thing seems to be out of the same stable as the question "Does my bum look big in this?" There is only one acceptable reply. I doubt anyone with a portfolio like that would be asked to post a review! Yeah, but they claim to want all of us to write reviews.
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Post by loftankerman on Jun 20, 2018 16:35:15 GMT
Someone has posted a fair, non inflammatory two star review on TP this afternoon. It would be difficult to claim that there was any reason for it to be taken down. Instead, Lendy, have responded. "We're sorry that you felt the need to post a review on Trustpilot. ....."
I suppose the poor guy thought he was just helpfully complying with their requests.This review request thing seems to be out of the same stable as the question "Does my bum look big in this?" There is only one acceptable reply.
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Post by loftankerman on Jun 20, 2018 11:15:30 GMT
Perhaps some here think it is no more pathetic and tiresome than laughable regular upbeat comments about how great Lendy is, in spite of all the evidence to the contrary. It is also sad that a few lenders choose to display unbelievable loyalty on Trustpilot alongside what are fairly ridiculous 'Great company' reviews. Personally I wonder if the objective is to assist Lendy in suckering in more naive lenders and thereby fractionally minimise their own losses. Nonetheless, I fully support the view that everyone is entitled to their opinion.
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Post by loftankerman on Jun 19, 2018 20:31:17 GMT
Nice to see that a one star review that was posted 2 days ago by "Tell it like it is" was reported by Lendy and greyed out but now it's visible so Trust Pilot obviously didn't uphold their complaint about it. Good to see it around having survived the assassination attempt. One has to laugh at the 4 star review above that has been attributed by a first time reviewer on the basis of there being a "Quick and efficient sign up." What more could one ask for?
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Post by loftankerman on Jun 19, 2018 11:58:18 GMT
It's a difficult time really. A nuclear option that would blow Lendy out of the water would be disastrous for individual lenders and benefit no one. The Lendy stance all along seems to have been one of optimistic incompetence. Now they seem to have woken up to reality but locked themselves into Donald Trump mode. Thus we're seeing as much smoke, alternative truths, Trustpilot tampering and red herrings as can be produced. It's all in the hope that they'll ultimately come blundering out of it alive. Deplorable as we may find them, we're mostly hoping for the same outcome.
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Post by loftankerman on Jun 17, 2018 10:19:59 GMT
Lendy have had another five star review this morning although it is somewhat puzzling in its enthusiastic praise. I await Lendy's response to the expressed view that "They seem to becoming more wizened regarding their management of non performing loans."
I'm not sure if the writer was trying to sneak a dig in under the Lendy radar, or if they're not too bright. Wizened means 'Small and having dry skin with lines in it, especially because of old age'. Suck it up Lendy, on TP you have to take the rough with the smooth.
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Post by loftankerman on Jun 14, 2018 14:10:54 GMT
Why not give them a break and let them get on with it, I am sure as soon they have the valuation and have studied the offer we will hear about it.please stop being so impatient..... Patience is a game lengthening approach as it conveys an upfront acceptance of a lack of urgency. You needn't be too worried for Lendy staff though, this isn't a hot line to Lendy Towers and posts like the one you are reprimanding jeepers for will not be giving the staff ulcers. They'll be getting on with whatever the current state of corporate desperation dictates whether it involves ulcers or not.
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Post by loftankerman on Jun 11, 2018 12:28:49 GMT
I'm no expert but I'm pretty sure it's not as simple as just transferring assets and they're immediately protected. They need to have been owned by the spouse for a while. Would the day after drawdown be long enough?
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Post by loftankerman on Jun 9, 2018 13:41:00 GMT
It makes me wonder if DFL005 is going to be heading towards another deferred repayment to try and keep this one afloat.
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Post by loftankerman on Jun 9, 2018 10:06:59 GMT
Investing is gambling. Due diligence reduces the odds. Gambling is addictive. Hence the return to the table behaviours. In the case of Lendy, I'm suggesting that whilst D/D might convince me that something is a worthwhile risk, it is of little value if at the end of the day some undisclosed fact, change in T/C, borrower dishonesty, or management failure torpedoes the outcome. For me the D/D conclusion is that there isn't a barge pole long enough. I now have £100K invested elsewhere and I'm happy that is with serious professionals, doing their best all the time to get to successful business outcomes, rather than just shuffle other people's money around. The gamble is that they might not, but I understand enough about what they are doing to have confidence in them.
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Post by loftankerman on Jun 9, 2018 7:43:23 GMT
why arent these loans flying off the shelf. GDVs of millions,loan 1/2/3/hundred k,LTVs 30/40%,2/3 hundred days.if i was a new investor i would be filling my boots with this lot. then again we know that everything is not always what it seems with lendy. So true. We know full well that we can have assurances that loans and developments are rock solid right up to the moment of repaying in full, only to find that it had all been contrived nonsense and the funds were nowhere to be found. It is at that point that I become completely baffled by the response of lenders who say something along the lines of "Well that's it! I've lost my faith in Lendy and I'm not investing anything else unless they pay up on one of these big loans!" I can't fathom why anyone thinks that given the trend in defaults and defaults by any other name, recovering one disaster would have them happy to chuck money into what has a high probability of being more of the same.
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Post by loftankerman on Jun 8, 2018 18:15:17 GMT
Would seem to be a pretty good deterrent for anyone who had worked out that the security was next to worthless and the borrower didn't have a bean they could lay their hands on to any real effect.
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Post by loftankerman on Jun 7, 2018 7:07:46 GMT
I filled in the survey to the best of my ability without any mickey taking. The only regatta I have had any involvement in was at Falmouth in 1964. My ship, the motor tanker London Majesty had been anchored in the roads for much of the Summer. She had been undergoing repairs having limped there following a major engine breakdown when entering Ceuta. Repaired, we sailed for Havana during some activity that had lots of sailing boats going in apparently random directions. We must have made it enjoyably more confusing for them. Lovely Summer, happy days.
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