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  1. #1241
    Junior Member
    Join Date
    Nov 2020
    Posts
    28

    Default

    My payment came through last night.

  2. #1242
    Senior Member
    Join Date
    Sep 2015
    Location
    Norf Eyelynd
    Posts
    838

    Default

    Have just been reviewing the latest "Investor Agreement" dated 20th March 2023... link below

    Under "Investor Account" Clause 'E' it ONLY states "Any Time request funds be Xfered.

    Us Investors have NEVER accepted anything else...

    LC CLAUSE E.jpg

    https://lendingcrowd.co.nz/content/f...rAgreement.pdf

  3. #1243
    Senior Member
    Join Date
    Sep 2015
    Location
    Norf Eyelynd
    Posts
    838

    Default

    In full transparency.

    Email sent to Wayne Croad ( Lending Crowd Managing Director )

    Hi Wayne,





    May I respectfully request you pass this Email on to the Lending Crowd Board ASAP.


    You appear to have stopped answering my Emails


    I am not sure why you would do that at this time.


    Today I have filed a Complaint against Lending Crowd with the Financial Services Complaints Limited.


    It would appear that Lending Crowd has acted against the Terms and Conditions as spelt out in the latest Investor Agreement dated 20th March 2023.

    Note there are 4 earlier versions however I do not ever recall being asked to accept the newer T & C's.


    Within the Investor Agreement - Clause 'Investor Account, sub clause 'E' it clearly states that an Investor can request Lending Crowd AT ANY TIME to transfer funds to the nominated bank account.


    View the attachments for further confirmation.


    I await any response that you may offer at this time.


    My summary of the recent Lending Crowd actions are as follows...



    "For some reason.... Some kind of knee Jerk reaction has unilaterally and arbitrarily been taken without any thoughts of ramifications and respect for your long term and loyal Investors and without following good governance where it comes to Investor Relations and updating relevant documentation"


    Kind regards,

  4. #1244
    Senior Member
    Join Date
    Apr 2002
    Location
    , , New Zealand.
    Posts
    726

    Default Count me in if you decide to take it further

    Quote Originally Posted by Saamee View Post
    In full transparency.

    Email sent to Wayne Croad ( Lending Crowd Managing Director )

    Hi Wayne,





    May I respectfully request you pass this Email on to the Lending Crowd Board ASAP.


    You appear to have stopped answering my Emails


    I am not sure why you would do that at this time.


    Today I have filed a Complaint against Lending Crowd with the Financial Services Complaints Limited.


    It would appear that Lending Crowd has acted against the Terms and Conditions as spelt out in the latest Investor Agreement dated 20th March 2023.

    Note there are 4 earlier versions however I do not ever recall being asked to accept the newer T & C's.


    Within the Investor Agreement - Clause 'Investor Account, sub clause 'E' it clearly states that an Investor can request Lending Crowd AT ANY TIME to transfer funds to the nominated bank account.


    View the attachments for further confirmation.


    I await any response that you may offer at this time.


    My summary of the recent Lending Crowd actions are as follows...



    "For some reason.... Some kind of knee Jerk reaction has unilaterally and arbitrarily been taken without any thoughts of ramifications and respect for your long term and loyal Investors and without following good governance where it comes to Investor Relations and updating relevant documentation"


    Kind regards,
    Count me in if you decide to take it further. I doubt good sense will prevail without intervention.

  5. #1245
    Senior Member
    Join Date
    Apr 2002
    Location
    , , New Zealand.
    Posts
    726

    Default

    Quote Originally Posted by malreid View Post
    My payment came through last night.
    Mine still hasn't, despite available cash in account. I'm with a mainstream bank.
    Manual withdrawals used to come through to my bank same night before rule changes - so it appears they haven't AUTOMATICALLY processed my automatic withdrawal
    Last edited by beacon; 06-12-2023 at 07:10 AM. Reason: Spacing

  6. #1246
    Junior Member
    Join Date
    Dec 2021
    Location
    Picton (currently)
    Posts
    28

    Default

    @Saamee

    good on you Saamee, I highly appreciate your complaint step.
    I had given them a few more days to improve or modify after my complaint mail.
    Wayne had at least responded to my mail but not in a satisfying way at all.

    It's my turn now to add onto your complaint Saamee!

    Latest LC email from today 3.30pm: The entire website will not be accessible anymore from 11 December on. And their reports have even bugs and wrongs.

    Horror how they manage their shut-down.
    Last edited by Mike64; 06-12-2023 at 04:11 PM.

  7. #1247
    Junior Member
    Join Date
    Dec 2021
    Location
    Picton (currently)
    Posts
    28

    Default

    ...........
    Last edited by Mike64; 07-12-2023 at 11:50 AM.

  8. #1248
    Senior Member
    Join Date
    Sep 2015
    Location
    Norf Eyelynd
    Posts
    838

    Default

    That I cannot do for you!!


    But I can make it easy for you by pointing you to the below Online Form...

    https://fscl.org.nz/about-us/complaints/complaint-form/
    Last edited by Saamee; 06-12-2023 at 05:45 PM. Reason: Unable to find a DELETE option!

  9. #1249
    Senior Member
    Join Date
    Sep 2015
    Location
    Norf Eyelynd
    Posts
    838

    Default

    Quote Originally Posted by beacon View Post
    Count me in if you decide to take it further. I doubt good sense will prevail without intervention.
    That I cannot do for You!!

    But I can make it easy for you by giving you the link to the Online Form below.

    https://fscl.org.nz/about-us/complaints/complaint-form/

  10. #1250
    Senior Member
    Join Date
    Apr 2002
    Location
    , , New Zealand.
    Posts
    726

    Default

    Quote Originally Posted by Saamee View Post
    That I cannot do for You!!

    But I can make it easy for you by giving you the link to the Online Form below.

    https://fscl.org.nz/about-us/complaints/complaint-form/
    I wasn't talking about FSCL complaints. I was talking about litigation etc.

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