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Post by grahamreeds on Mar 8, 2018 15:30:50 GMT
3 payments later they file for bankruptcy...
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bg
Member of DD Central
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Post by bg on Mar 8, 2018 15:51:34 GMT
I've had three defaults so far today. That's 5 now this month or 1.2% of my loan book of which 3.3% is processing, 7% late and 2% downgraded. Looks like I'm looking at a nasty loss for the year.
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markr
Member of DD Central
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Post by markr on Mar 9, 2018 0:17:30 GMT
Today seems to have been a particularly bad day for defaults. That said, there's been 25 defaults (of fractional loans) so far this month, so to be in 5 of them is particularly unfortunate. Hopefully, the dice will roll in your favour for the rest of the year!
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ashtondav
Member of DD Central
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Post by ashtondav on Mar 9, 2018 9:56:59 GMT
Lucky they’ve got a good recovery team  ... |
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Post by grahamreeds on Mar 9, 2018 11:09:00 GMT
Another giggler.
From an online article about an expanding company:
2 months later the loan stops being paid and has now been defaulted...
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Post by bellybuster on Mar 20, 2018 19:06:27 GMT
Much the same story ...
Defauted 7 months into a 60 month loan and bankrupt shortly after.
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ashtondav
Member of DD Central
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Post by ashtondav on Mar 20, 2018 19:30:00 GMT
Er, yes, that’s the risk of unsecured lending. Oh, and it will get worse when the next recession hits. So what exactly is your point? Most small companies fail, that is a fact of life and should be factored into your asset allocation.
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Nomad
Member of DD Central
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Post by Nomad on Mar 20, 2018 19:35:42 GMT
Defauted 7 months into a 60 month loan and bankrupt shortly after. Maybe higher prices did FAZE their clients!
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nyneil
Member of DD Central
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Post by nyneil on Mar 20, 2018 22:35:35 GMT
Er, yes, that’s the risk of unsecured lending. Oh, and it will get worse when the next recession hits. So what exactly is your point? Most small companies fail, that is a fact of life and should be factored into your asset allocation. That's exactly why i've sold & withdrawn everything i could. Now, if FC recovery team is as good as some people suggest, i might even be able to break even.
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bg
Member of DD Central
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Post by bg on Mar 22, 2018 15:52:50 GMT
I've had three defaults so far today. That's 5 now this month or 1.2% of my loan book of which 3.3% is processing, 7% late and 2% downgraded. Looks like I'm looking at a nasty loss for the year. Another two today (36663 and 37046) so far. 7 for the month now, 1.8% of my loan book. Not a good month!
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james21
Member of DD Central
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Post by james21 on Mar 22, 2018 17:27:41 GMT
painful to read these posts; get out now!
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