Hi,
Any Lendy investors here? How are things progressing? are you still receiving payments since it went bust?
Thanks
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Any Lendy Investors
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- Lemon Quarter
- Posts: 2505
- Joined: January 15th, 2017, 9:20 am
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Re: Any Lendy Investors
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
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- 2 Lemon pips
- Posts: 233
- Joined: November 4th, 2016, 6:35 am
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Re: Any Lendy Investors
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.
http://p2pindependentforum.com/post/336810/thread
Should be a report (six week proposal thing) from the admins in a couple of weeks time.
Re: Any Lendy Investors
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 .
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 . 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.
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 .
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 . 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.
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- 2 Lemon pips
- Posts: 242
- Joined: November 12th, 2016, 1:47 pm
- Has thanked: 104 times
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Re: Any Lendy Investors
Hi,
Any update with the Lendy situation. Is money still being re-paid. Are you able to access it?
Thanks
Any update with the Lendy situation. Is money still being re-paid. Are you able to access it?
Thanks
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