sharetrader
Page 128 of 128 FirstFirst ... 2878118124125126127128
Results 1,271 to 1,274 of 1274
  1. #1271
    Senior Member
    Join Date
    Sep 2015
    Location
    Norf Eyelynd
    Posts
    834

    Default

    It's late Monday evening and still have not sighted any transfer of funds from LC this week....

    This is the 2nd time this year that they have NOT paid out on a Monday as per their stated mandate to us Investors.

    Are my wife and I the only ones??

  2. #1272
    Senior Member
    Join Date
    Apr 2002
    Location
    , , New Zealand.
    Posts
    723

    Default

    Quote Originally Posted by Saamee View Post
    It's late Monday evening and still have not sighted any transfer of funds from LC this week....

    This is the 2nd time this year that they have NOT paid out on a Monday as per their stated mandate to us Investors.

    Are my wife and I the only ones??
    No, we and others we know - didn't receive funds either.

  3. #1273
    Senior Member
    Join Date
    Apr 2002
    Location
    , , New Zealand.
    Posts
    723

    Default

    Also, they just recently sold a property as collateral on a defaulted loan. The Investors lost the lot.
    Whatever minimal funds were recovered on property sale, were claimed by LC as collection costs.
    How do you sell a property and get nothing back?
    Did they have any checks and balances when they approved this loan on property as collateral?

  4. #1274
    Member Tony Two Gloves's Avatar
    Join Date
    Feb 2011
    Location
    Auckland
    Posts
    301

    Default

    So much for their conservative lending, wonder if they checked how much was owed to the first mortgage holder? Thankfully when someone said take it behind the barn and shoot it they listened - poorly run company from top to bottom.

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •