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Post by loftankerman on Jan 24, 2018 0:14:13 GMT
Well I'm toeing the line: AVAILABLE FUNDS £0.00 PRE-FUNDING £0. Don't want to go upsetting anyone.
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Post by loftankerman on Jan 22, 2018 9:32:25 GMT
I've done some checking and another Xmas is statistically unlikely so close to the last one. The next real 'bolt out of the blue' / 'spanner in the works' could be Easter. It is anyone's guess when that may occur, the best option is probably to 'be aware' and take it as it comes.
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Post by loftankerman on Jan 18, 2018 17:38:51 GMT
“The attitude of keep quiet and I might be alright is one of pure self interest.”
I was making no bones about that when I said “ is not necessarily in my own best interest.”
Apparently it is a poor show that my best interest in Lendy is my primary concern. It didn't cross my mind that everyone else might only be thinking of others. If it is in my best interest however, there is no reason why it should be contrary to the best interests of everyone else in the same boat. If people feel a need to sink the boat out of a sense of indignation rather than opt for survival, that’s their choice and we’re all stuck with it. In a broad sense I have more concern for those in the boat, than any who might opt to get in in the future. Boarding will be their choice as it was mine.
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Post by loftankerman on Jan 17, 2018 15:00:56 GMT
I don't dispute that this could be regarded as a serious matter. However I feel that making formal complaints, demanding answers and calling upon higher authorities is not necessarily in my own best interest. I assume that whatever the state of things, Lendy are doing their utmost to resolve issues that might be of concern. The considered resolution of any issues is the most likely path to an eventual satisfactory outcome. Making demands right now in the absence of anything much in the way of facts could be a bit like yelling "Jump" to someone standing on a ledge weighing up his options.
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Post by loftankerman on Jan 16, 2018 15:02:30 GMT
This loan seems to have gone worryingly quiet. I'm very interested to know what timings of repayment the borrower has provided in this week's update. If Lendy fail to provide a meaningful update of when repayment is expected with evidence to back it up, I will be very disappointed. The fact that this loan has gone overdue is concerning to me because it seemed a relatively safe one and I question why a further extension wasn't given. With the high amount of money in this loan, I think the outcome of this loan has a massive bearing for the confidence for Lendy's investors in Lendy themselves. I can understand your concern here. The situation reminds me of the time I had an engine management fault on my new '96 Vectra and left it at the garage to be fixed under warranty. When I went to collect it they said it was ready but offered me a drink while I waited while they gave it a wash. It didn't take me long to get bored so I wandered out and in through the workshop doors. It was in bits, bonnet open and with 'technicians' engaged in a conversation that suggested they understood the urgency but hadn't a clue.
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Post by loftankerman on Jan 16, 2018 14:14:14 GMT
Think you are all missing a trick here people? Why not vote for Lendy, get them massive (Never heard of these awards so probably not massive!) exposure which in turn will bring in masses of investors which we can all offload our loan parts onto and then get the hell out of dodge!!
Woo hoo, GO LENDY!!! Y'see that's the kind of lateral thinking that could get you on the payroll.
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Post by loftankerman on Jan 15, 2018 9:51:32 GMT
I wonder how much money is leaving the platform because of Lendy's lack of IFISA? AIUI, they can't be approved to issue an IFISA until they're fully authorised, and they're not. I wonder how much money is leaving the platform because of Lendy's inability to achieve full authorisation as yet? Judging by the comments on this forum in maybe the past six months, I imagine that the outflow is provoked most predominantly by a matter of trust. People seem keener to get their funds out rather than shovel more in.
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Post by loftankerman on Jan 15, 2018 9:33:50 GMT
I'd have thought that this alleged massively under priced house would be inundated with potential buyers and advertised to the extent that open viewing days would be making news headlines and causing congestion in Leatherhead. I have no great investigative skills so maybe it is no surprise that I haven't been able to find it on the market, but has anyone else? Opinions as to desirability?
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Post by loftankerman on Jan 10, 2018 10:17:15 GMT
As far as in concerned, this loan is past due and therefore bonus interest should be paid from now until the extension is granted. If they wanted to avoid paying bonus interest, it should have been arranged before it got to negative days. Jeepers : I agree with you. Unfortunately, Lendy probably don't. And if their past performance is anything to go by, they definitely don't. I imagine they ' definitely don't ' because, pretty much like everyone else, they are interpreting their rules the way they understood them when writing them.
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Post by loftankerman on Jan 8, 2018 9:44:07 GMT
Over forty years ago I had an acquaintance, an owner of a family business, who lived in an area where he was well known and that was populated by many people similar to himself. As I joined him one day I noticed he looked a bit down and asked if he was okay. He said he had a problem because his house needed painting and it would cost him a couple of thousand pounds he couldn't afford. I told him to cheer up and said surely he could do it himself for the price of the paint adding I'd be happy to lend him my ladders and give him a hand. He said it wasn't that easy, if he didn't get it painted his neighbours would think his house was looking shabby and business might be bad. If he painted it himself word would go round he was in trouble and the next thing he'd know would be people would stop paying their bills. This comes to mind frequently as I see things moving to IA and other depressing states.
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Post by loftankerman on Jan 6, 2018 11:46:47 GMT
I may be missing something But how on Earth can it be realistic to hope that this development will reach completion given that atm Only 169 days remain and no ground works have begun yet? How can it need more than a couple of cm of tarmac spread over it and gallons of white paint? Someone offered to do my drive for me last week and said he'd have it done within a couple of hours.
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Post by loftankerman on Jan 5, 2018 12:33:32 GMT
I thought I would really miss them but instead I continue to feel relieved that I almost (grr!) managed a total exit.... I thought I'd struggle to find other homes for my money but apparently not. Perhaps I might be getting a slightly lower rate overall (I really can't be bothered to addictively track XIRRs), but I am quite happy with that. I am generally totally happy with the idea of loans overrunning or even ending up in default, and have quite a significant amount tied up in problem loans on other sites. Yet I feel far more comfortable with these - even where I have more tied up than I'd ever have put in a single Lendy loan. Yep there are sure to still be some good loans but it all became a bit too much like hard work for me. may I ask where you have found homes for your money? Whilst I have found somewhere that I am moderately confident about investing what I have taken out of Lendy and more besides, I'd rather keep it to myself than sing their praises. I fear that having a sudden large influx of potential investors could tempt them down a path of reckless lending to meet demand. As it is, if I lose my shirt, I won't have taken anyone else down with me.
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Post by loftankerman on Jan 4, 2018 10:21:08 GMT
In browsing the List of Available Loans I have noted that the idyllic artist's impressions of this site have been replaced. This may be connected to the caustic comparisons made between the promotional concept and reality. The headline graphic is now a photo of what some may still regard as a shed, standing is what is presumably a lake free field.
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Post by loftankerman on Jan 4, 2018 9:49:43 GMT
3 days left and repayment has been repeatedly stated as expected within the term. This for me is a real test for Lendy - if this doesn't now repay after all the positive comments then I will be on my way out of here..... I anticipate that there may be some further delay over this repayment due to the wholly unexpected occurrence of Christmas and the New Year. It was something that frequently threw plans into disarray during my working life.
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Post by loftankerman on Jan 3, 2018 19:51:19 GMT
Just feels a bit uncalled for, but Oki. ![::)](//storage.proboards.com/forum/images/smiley/eyesroll.png) Was wondering if anybody else had a loan part put forward for them without any settings to do so. I haven't bought anything for a while, but in the past I have had the experience of being allocated a loan part that I had not requested. My certainty in the matter lay in the fact that some days previously I had set a pre-funding limit on the loan and shortly after changed my mind and set it to zero. I have only ever pre-funded on the basis of leaving everything set to zero and then choosing the occasional one I really wanted. When the 'about to go live, check your pre-funding' announcement was made, I did check to make sure it was zero and it was. I raised it with support who could only suggest I was wrong. My son, who dabbled briefly with a small amount of money in SS, and could in no way afford to pre-fund anything, was also given an un-requested allocation on a different occasion. I could imagine data processing scenarios that could account for it in my case, but not in my son's. I was not too happy about it, because I was stuck with paying for the unwanted stuff so that I could get something I did not want to miss. Fortunately disposing of it on the SM wasn't much of a problem. With hindsight, hanging onto it would have been much more of a concern later.
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