shimself
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Post by shimself on Oct 31, 2017 14:42:02 GMT
um. This seems like a decent proposition, actually the first one on the platform that I have seen. What am I missing?
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Post by hugoarchover on Oct 31, 2017 16:08:17 GMT
um. This seems like a decent proposition, actually the first one on the platform that I have seen. What am I missing? Hi shimselfLovely to hear your positive comment on ArchOver – many thanks. Lenders avg. 7.3%, we’ve never had a late interest payment or late monthly reporting by a Borrower and all loans have been settled on the due date. I do believe, for £50 million of lending over three years, that makes us pretty unique for security and returns in the P2P business lending sector. Hopefully we will welcome your first pledge soon.
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shimself
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Post by shimself on Oct 31, 2017 16:14:13 GMT
I'll rephrase it - the first one on the platform that I have fancied.
Hugo, how many of your loans have come to full term? And same question excluding any loans which have simply become new loans (eg EX*M)
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Post by hugoarchover on Nov 1, 2017 10:07:24 GMT
Hi shimselfAbout 50% of the loan book has been repaid back and all lending has finished to those companies. Some clients borrow more for further expansion or refinance their loans at term – lenders can chose to stay in or receive their money back. So if you were an investor from two years ago and invested in every loan we did you would have got back a 100% of your capital when it was due. Hope that helps , Hugo
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shimself
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Post by shimself on Nov 1, 2017 17:43:18 GMT
Hi shimself About 50% of the loan book has been repaid back and all lending has finished to those companies. ..... Erm, I thought that EX*m had repaid a lot of loans, and obviously they are still a borrower (your biggest I suppose), so I can't square that. Is this available as data, a list of loans opened and repaid?
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Steerpike
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Post by Steerpike on Nov 1, 2017 18:58:42 GMT
Investment opportunities, Historical loans, Select All displays a long list of repaid loans including a number of £1m+ to companies that are not E**m and that I think do not have current loans.
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shimself
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Post by shimself on Nov 3, 2017 12:17:08 GMT
Investment opportunities, Historical loans, Select All displays a long list of repaid loans including a number of £1m+ to companies that are not E**m and that I think do not have current loans. Thanks for that. I've done the work now, and I make it a grand total of £2323K principal repaid by borrowers who have not come back for more. The biggest of these is ERG******TH at 500K, nobody at £1M+ If curious I can PM my workings, which are somew hat hand done as the listing doesn't easily paste and format into a spreadsheet. Hugo I cannot understand your assertion About 50% of the loan book has been repaid back and all lending has finished to those companies. It's always been a problem, that companies can say that a tiny percentage (in your case zero) of loans have gone awry when most of the loans are new-ish.
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Post by hugoarchover on Nov 3, 2017 16:37:16 GMT
Hi shimself To date, £25,588,000 has been repaid. Regarding - 'Lending has finished to those companies' - sorry that sentence is misleading. What was meant that those loans have been repaid. Some of those companies that have repaid loans still have loans live on the platform. As you state UK E*** is one. How did you reach the conclusion that ERG******* has been repaid? That is still a live loan. The largest single loan that has been repaid is £750k however as Steerpike rightly points out, we have had 4/5 borrowers repay £1M+ I hope that helps. I am happy to discuss the loan book in more detail offline if you would like. A public loan book will be made available in the near future, however it will be anonymised. Please also remember we are quite different to other P2P platforms in that we operate a zero tolerance policy. We don’t wait months and multiple missed payments before we call a default. • Late Payment: Interest not paid to Lenders on time as a result of non-payment by a Borrower • Default: late payment, late monthly reporting, breach of covenant not rectified with 14 days of due to date • At Default we will appoint administrator (if required) and recover on behalf of Lenders To date we have had no late payments or defaults as defined above, operating for three years. We don’t believe there is another P2P platform with that record. Hugo
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shimself
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Post by shimself on Nov 3, 2017 19:49:46 GMT
Hi shimself .... How did you reach the conclusion that ERG******* has been repaid? That is still a live loan. The largest single loan that has been repaid is £750k however as Steerpike rightly points out, we have had 4/5 borrowers repay £1M+ I hope that helps. I am happy to discuss the loan book in more detail offline if you would like. A public loan book will be made available in the near future, however it will be anonymised. ... Hugo As for ERG**** - well all I have to go on from your history pages are term (12 months) and date closed (18 Aug 2016). Is there a better report? Are the borrowers who have repaid £1M+ no longer borrowers? I'lll send you an email to support@ Thanks Steve
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Post by hugoarchover on Nov 6, 2017 10:05:32 GMT
HI shimselfI have attached an edited screen shot from the 'Historical' section - re ERG******* You make a fair comment about a better report, a public loan report will be published in the near future i believe. Yes, the 4/5 borrowers that have repaid £1M+ are no longer borrowers. Hugo
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shimself
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Post by shimself on Nov 6, 2017 17:13:50 GMT
HI shimself I have attached an edited screen shot from the 'Historical' section - re ERG******* You make a fair comment about a better report, a public loan report will be published in the near future i believe. Yes, the 4/5 borrowers that have repaid £1M+ are no longer borrowers. Hugo Sorry, I think my eyes were drawn to the 9 month ago and I took it as the term
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shimself
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Post by shimself on Nov 7, 2017 8:24:40 GMT
HI shimself I have attached an edited screen shot from the 'Historical' section - re ERG******* You make a fair comment about a better report, a public loan report will be published in the near future i believe. Yes, the 4/5 borrowers that have repaid £1M+ are no longer borrowers. Hugo I cannot see the £1M+ ex borrowers, other than VFS. I'll email you Steve
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