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Any Lendy Investors

Any other investment discussions eg. peer to peer lending
Andy46
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Any Lendy Investors

#234264

Postby Andy46 » July 5th, 2019, 5:34 pm

Hi,

Any Lendy investors here? How are things progressing? are you still receiving payments since it went bust?

Thanks

JohnB
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Re: Any Lendy Investors

#234278

Postby JohnB » July 5th, 2019, 6:19 pm

Yes one here. I get update emails but there is no sign of my money. See the p2pindependentforum website which also explains about a Facebook led Action Group. As nothing can be done, I'm doing nothing

Andy46
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Re: Any Lendy Investors

#234721

Postby Andy46 » July 7th, 2019, 9:12 pm

Hi,

Thanks for the info. Hope you didn't have too much in there.

Andy

uspaul666
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Re: Any Lendy Investors

#234744

Postby uspaul666 » July 7th, 2019, 11:27 pm

It’s mostly good news in that it should progress faster than Collateral and the new admins should take less from the recoveries than lendy did...
http://p2pindependentforum.com/post/336810/thread

Should be a report (six week proposal thing) from the admins in a couple of weeks time.

DrGuid
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Re: Any Lendy Investors

#234883

Postby DrGuid » July 8th, 2019, 1:15 pm

Yes I had about £1200 in there. Thankfully it was mostly reinvested interest so at worst I must have broken even on this one.

The Lendy tax reporting is really bad so I really don't know what to make of the situation. Needless to say I won't be paying much P2P tax this year :roll: .

I saw the writing on the wall for P2P back in 2017 and started moving back into "conventional" stocks and bonds. I feel Hargreaves Lansdown is a better place for me to be stacking my investments, although I got my fingers slightly burned by the Woodford debacle :lol:. Thankfully I bailed after the initial loss (wasn't he heavily in Carillion?).

I still have some money in Funding Secure that I don't know if I'll ever see again.

The key to good P2P returns IMO is to play the secondary markets, but it takes time and also some math/data analysis ability. I'm currently doing a big test over at Bondora, but I've kind of proven it with Rebuilding Society.

Andy46
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Re: Any Lendy Investors

#253038

Postby Andy46 » September 21st, 2019, 12:12 pm

Hi,

Any update with the Lendy situation. Is money still being re-paid. Are you able to access it?

Thanks


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