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Post by jackpease on Aug 14, 2014 6:09:41 GMT
>But I'm a little worried by the figures that you've quoted above, is it possible that those figures are achieved by an amalgamation of the figures for loans 'In Recovery' and 'Non performing', combined with 'Loans written off'? >>In fact, I'll stick my neck on the line (personally, not FK) and quite happily take a bet that the figures you've quoted won't all be lost as bad loans.... how about a bottle of wine if you ultimately achieve a loss of more than 50% of your quoted £500 on the loans you've currently got listed in any of the three 'other' categories? Thanks for explaining that, Nicky, that is a novel and welcome way to back up your faith in FK! Yes i am amalgamating the two and considering them bad - I suppose on the basis that if they were good i could sell them - fingers crossed some recovery takes place. I opened a thread some weeks back which didn't gather any momentum on the issue of the loans going bad so soon and where your communication had suggested that the the borrower had been less than honest. At some point presumably this becomes fraud and it would be good do know that platforms deal with this robustly I am continuing to invest in FK albeit with a £50 'per loan' limit rather than £100 Jack P
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