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Post by loftankerman on Feb 22, 2019 13:56:45 GMT
Sent request for an update on this loan and might as well not bothered as I got the usual drivel "You can be assured that we will be providing fall updates across the loan book including DFL005 where further disclosable information is reported by our external legal and recoveries teams by the end of next week" So the updates are going to be done by the end of next week now? So just the normal monthly updates then. I'm guessing that means these very important promised updates on the loan recoveries that were meant to be published in the early part of February aren't going to happen? Surely Lendy could have put this on their website informing investors that the updates had been delayed but will be published at the end of the month, rather than investors having to contact Lendy directly via E-Mail. I might as well not bother logging in to Lendy until the beginning of March then... I have a few K in this but I never log in to Lendy. I figure if there is anything going on worth hearing I'll see it on here without any of the faffing around logging in with user names and passwords. Apart from new tranches of old loans they don't communicate with me but have been assuring me that there is no reason why I should not be getting their emails for the past several years.
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Post by loftankerman on Feb 21, 2019 23:41:42 GMT
Couple of things that spring to mind that I consider positive. Withdrawals from LY have always hit my account very quickly and consistently so (albeit I rarely have anything to withdraw now despite a fairly significant investment). The website is simple to navigate and pretty comprehensive (albeit the content is not updated as regularly as I would like to enable me to keep tabs on my many defaulted loans). Ever positive, I find it very helpful that Lendy take an ultra minimalist view of updating loans as this assures me that strong and stable governance continues and that there is nothing I need to trouble myself reading about.
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Post by loftankerman on Feb 21, 2019 12:37:15 GMT
To my mind the answer lies somewhat along the lines of Schrödinger's cat. Lendy can be both alive and dead until someone takes a peek inside Lendy Towers to determine their actual state. Until that point everyone should take comfort in believing that the answer they hope for is true and will be until someone spoils it by having a look.
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Post by loftankerman on Feb 21, 2019 8:11:32 GMT
Yes me too, such a nuisance that the minimum has to be 50 posts to be able to access DD. So here's one towards it! Unfortunately it was said at the outset that posts simply to rack up numbers would not be counted.
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Post by loftankerman on Feb 18, 2019 14:04:24 GMT
Continuing my positive approach to my love affair with Lendy I am pleased to report seeing that someone has left a two star review on TP. This doubles the number of stars more recently given. Surely this calls for another morale boosting triumphant recovery team photo.
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Post by loftankerman on Feb 15, 2019 13:34:27 GMT
How's life over at the 'positive thread' these days? Are they still 'feeling it and the renewed love for Lendy'. Would neet stoop so low as to visit.. It's a great place to visit and contribute if you are a fan of irony.
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Post by loftankerman on Feb 15, 2019 12:58:01 GMT
The frustrating thing is, there are a number of loans which Lendy promised an update with the w/c 4th Feb, and yet not one update on any of them. If it was just this particular loan then I could understand, but no further information from any of them? Poor show Lendy. You may be being a bit harsh. If the new recovery team were half as smart as Lendy claimed, they've probably all cleared off leaving Lendy in the lurch.
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Post by loftankerman on Feb 14, 2019 15:55:37 GMT
We were promised an update on some loans “week commencing 4th February”. That doesn’t appear to have happened. The next Monday 4th February is in 2030, so maybe that is what they meant. On balance it sounds like it might even be doable if they are still around by then. Stay positive.
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Post by loftankerman on Feb 14, 2019 0:15:37 GMT
Well it looks like the activity on here has woken the Guardians of Lendy's alleged good name and there has been a purge of one star reviews. I regard that as highly positive. I thought they'd given up trying to cover up their failings. I wonder what they'll do about the endless screen captures on the cloud though. I'm so glad Al Gore invented the Internet.
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Post by loftankerman on Feb 8, 2019 14:28:51 GMT
I do give to lendwithcare much like P2P without the platform taking a cut. You invest in the person directly who then benefits their community. When they pay back you then pass the money on in an never ending cycle of support. Nice to see the flag waved for Lendwithcare's crowd funding. I'm in my 5th year of supporting them. Starting off and only making minimum sized loans of £15 a time, I gradually increased my overall amount lent to about £1000 some years ago. I only increase it minimally now if a couple of extra pounds will facilitate making another loan. Re-lending the current receipts of around £140 each month has meant that I have now lent over £6000. If I chose I could stop lending and withdraw my money each month until my account balance had been cleared. Doing that, my overall outlay would have mostly been returned. Lendwithcare measure the impact of loans in terms of the number of entrepreneurs (borrowers) in each loan, the number of dependants they have who will benefit from the loan, and the number of any jobs that the loan will create. Due to the purpose of the loans, the number of jobs created is most often zero. So far, statistics indicate that I have made 404 loans, contributing to helping 5945 entrepreneurs, benefiting 18,913 dependants and creating 1745 jobs. I think that's a worthwhile use of the relatively small amount of money that I haven't actually parted with. Alternatively it could otherwise be similarly earning nothing in a bank account or be funding some crook's champagne lifestyle, never to be seen again.
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Post by loftankerman on Feb 8, 2019 11:35:04 GMT
Lendy seem to have backed off objecting to every one star review as a matter of principle. I didn't see the recent arrival and departure, but ones that I have noted to have been deleted were ones which were unquestionably in breach of posting guidelines and in some cases inviting litigation.
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Post by loftankerman on Feb 7, 2019 10:32:12 GMT
I have become exasperated by the fact that attempts to use my Lloyds debit card to buy loan parts (Not on Lendy) were regularly being declined as potential attempts at fraud. This usually involved queuing to get through four levels of security to get my card unblocked and took 40-60 minutes to achieve depending on queue times, each level having a separate queue. They have apologised repeatedly and even paid me compensation and covered the costs of phone calls. That doesn't stop them doing it again the next time. I looked them up on TP only to find that they have an 87% one star review rate. I know Lendy have been'managing' the figures on this but I still imagine that Lloyds see the Lendy satisfaction level as something to be aimed for. After the last episode Lloyds have lost my P2P transaction business and will be phased out altogether at my convenience.
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Post by loftankerman on Feb 7, 2019 10:19:49 GMT
A further concern over student accommodation is that whilst it may be fit for the defined purpose it is generally inadequate as regular housing. That certainly affects its value in the broader sense.
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Post by loftankerman on Feb 6, 2019 12:13:20 GMT
It can be said that investors were not forced to invest but I'm not a fan of that argument. People still send money to the wealthy Nigerian Prince emails, no one forced them to, doesn't mean it’s ok. Sorry Charlie but I'm a big fan of the 'not forced to invest' argument, even when I'm on the losing side. Being in denial about my misjudgements and looking for a root cause honest or dishonest individual, company or circumstance to blame for my choices has no mileage in it. "I should have known better." is a less troubling state of mind.
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Post by loftankerman on Feb 5, 2019 15:00:46 GMT
Hmmm! The boat in the black and white photo seems to be udderless. looks like a load of bull to me.
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