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Post by loftankerman on Feb 4, 2019 19:15:53 GMT
in Lendy Wealth, are Lendy still acting as the agent of the investor even if the investor doesn't know where his/her money is being loaned? i.e. could the London loan situation occur with black box schemes? Obviously I don't know, but given their track record of getting things wrong, they'd have to be very confident of their future performance to increase their exposure beyond what it is with the current 'Nothing to do with me guv!"
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Post by loftankerman on Feb 3, 2019 14:58:10 GMT
Harrison Recovery - nothing to do with HCR, I presume? (see London loans) I Google'd Harrison Recovery and got a sponsored Amazon advertisement trying to sell me bird seed. Most of Lendy's stuff seems to be 'for the birds', so you may be on track.
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Post by loftankerman on Feb 2, 2019 10:42:57 GMT
Maybe the latest up-date used an incorrect turn of phrase? Time will tell. I have never been happy with all the twists and turns of this loan orchestrated by your favourite platform so the latest revelation of apparently being not complete though with a completion certificate comes as no real surprise. perhaps some lender with a significant sum at risk might choose to seek clarification on the matter? A rose by any other nameI assume that this is the place, clearly needs lots of work finalising before they can make a dime out of it. Makes me wonder just how many sheds this was propping up before it nosedived.
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Post by loftankerman on Feb 1, 2019 14:47:07 GMT
Yeah, still positive here too. I got nothing from Lendy again this month which is miles better than having some rissole laying claim to my house! Got a bunch of capital repayments ahead of interest from THC too and a couple of their P2P defaults are looking like they're about come good, one especially so. Now if I could just get an initial few bob back from the £100K I lent my son. I think I've greater expectations looking to Lendy to be honest.
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Post by loftankerman on Feb 1, 2019 9:00:56 GMT
No chance that 'time poor and cash rich.' is just a marketing hook to to attract smug people who find the label more attractive than the 'more money than sense' label others might apply to them?
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Post by loftankerman on Jan 30, 2019 10:22:02 GMT
Updates on all the student accomodation loans now posted on platform - not sure what transferring debt to SPV means for our funds - anyone understand this? Cheers P A special purpose vehicle (SPV) is a subsidiary company with an asset/liability structure and legal status that makes its obligations secure, even if the parent company goes bankrupt. And presumably, the parent company can shrug it off if the SPV goes t1t5 up. If so, then the question remains. Naively or not I'm comforted by seeing SPVs because I like to think that they mitigate against the domino effect on a platform. If I'm wrong, please don't tell me.
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Post by loftankerman on Jan 29, 2019 15:01:05 GMT
I'd have thought that if it came to conflict between the lenders and Lendy then any reputable firm would be disinclined to act for both on the grounds that there would be a conflict of interests. Which is, of course, precisely why HCR would be acting for lenders, while another law firm are acting for Lendy. Thanks! I'm not in this and getting increasingly confused by what I think I'm reading in the thread.
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Post by loftankerman on Jan 29, 2019 13:59:31 GMT
I'd have thought that if it came to conflict between the lenders and Lendy then any reputable firm would be disinclined to act for both on the grounds that there would be a conflict of interests.
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Post by loftankerman on Jan 28, 2019 21:01:01 GMT
Are we able to mention the upper range figure which is about £XXXXXX more than the average recovered amount assumed by the administrator? I also recommend administrator obtain further independent valuations. 1. So you don't think the moderator's recent post might apply to your somewhat pointless comment quoting figures? 2. I'm sure the administrator has been scouring this forum looking for pearls of wisdom such as your suggestion on having further valuations.
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Post by loftankerman on Jan 28, 2019 19:01:03 GMT
I've just removed a number of posts from view that either stated £££ figures or requoted posts that did.
Providing that level of detail on this thread will ensure you will end up getting LESS than those figures as any potential buyer will know where to aim their bids.
Apologies if any sensible points of view have been chopped, its not feasible to moderate so many posts individually.
Thank you!
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Post by loftankerman on Jan 28, 2019 17:50:25 GMT
Well if all we have to settle for is a pound of flesh instead, all that's going to be left of Liam is his stripey shirt.
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Post by loftankerman on Jan 28, 2019 11:56:36 GMT
After a relatively long break we have another one star review today. It would be difficult to claim it was anything but objective.
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Post by loftankerman on Jan 28, 2019 11:42:33 GMT
Anybody who was anywhere near the IT industry in the late 90s knows that the Millenium Bug was VERY real, I think that this was a line peddeled by the IT industry, but I question whether there was ever a real threat.
As an example, the prophets of doom were saying aircraft would fall out of the skies, but they never did. Funnily enough, aircraft from third world countries (who spent nothing insuring against Y2K) didn't fll out the skies either.
History tells us that predictions of doom and damnation rarely materialise
The only reason it didn't materialise to a great extent was as Adrian says, a vast amount of effort was put into fixing the problem. When the NatWest and other useless banks screw up an upgrade and the systems go up and down for a week or three, that is pretty much inconsequential compared to what would have been the guaranteed outcomes of an ignored Y2K. My wife and I were both involved in different aspects of fixing problems. The extent to which not fixing Y2K in different companies' systems would affect them and their customers was worrying to say the least. The companies themselves understood the reality of the problems and far from shrugging them off as scaremongering were desperate to get them fixed. They knew failing to do so could bring them down.
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Post by loftankerman on Jan 26, 2019 21:31:40 GMT
They all seem to have won their stripes.
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Post by loftankerman on Jan 26, 2019 15:01:36 GMT
On my stock of non-performing loans the 10/1/19 and the 3/12/18 updates say basically nothing. Granted, 3 or 4 say something like 'negotiations are continuing' but essentially nothing has changed since the November updates. Yes, everybody complained (rightly) about the old recovery situation. That's why they're (apparently) putting the new team in place. Let's give 'em a chance, eh? Quite! As it has taken Old Lendy in some cases years to achieve almost nothing, assuming that the new guys came in with a magic 'instant results' wand is overly optimistic at best.
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