invester
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Post by invester on Oct 17, 2018 18:08:59 GMT
Just interested what everyone elses experience is. Not after absolute numbers or anything like that, but percentages.
Looking at my account all my loans are bad as a result of selling what I could, with the exception of DFL003 and DFL010 (although it could be fairly easy to see these go the same way).
My levels of distressed debt are at 255% the level of my lifetime interest from Lendy. I have been with them 3 years. That rises to 271% if the other two loans end up in negotiations.
I accept that the distressed debt will not return 0% in most cases. But I need on average a 40% net recovery rate to be breaking even over my time at Lendy. Accounting for the voids where I am getting no interest my real return I think will be in the range of zero to low single figures.
The bad loans show some errors I would not make today; I used to have auto-lend switched on so I'd get a part in every loan. I also invested in more than one tranche when I liked the project, giving me more exposure than I would like. I also was over-confident in Lendy when the going was good, so my position sizes were bigger than they would be now. I remember thinking at the start that this was the platform I had most confidence in (after the big ones).
Am I an anomaly here? It seems that my position might be rather average. If one owned the whole Lendy book, your life-time interest returned would be £44m but the amount of impaired loans at risk (going on current loan book) is around £100m giving a rough ratio of 230%, so my higher ratio reflects the mistakes I made.
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Monetus
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Post by Monetus on Oct 17, 2018 18:12:14 GMT
Just interested what everyone elses experience is. Not after absolute numbers or anything like that, but percentages. Looking at my account all my loans are bad as a result of selling what I could, with the exception of DFL003 and DFL010 (although it could be fairly easy to see these go the same way). My levels of distressed debt are at 255% the level of my lifetime interest from Lendy. I have been with them 3 years. That rises to 271% if the other two loans end up in negotiations. I accept that the distressed debt will not return 0% in most cases. But I need on average a 40% net recovery rate to be breaking even over my time at Lendy. Accounting for the voids where I am getting no interest my real return I think will be in the range of zero to low single figures. The bad loans show some errors I would not make today; I used to have auto-lend switched on so I'd get a part in every loan. I also invested in more than one tranche when I liked the project, giving me more exposure than I would like. I also was over-confident in Lendy when the going was good, so my position sizes were bigger than they would be now. I remember thinking at the start that this was the platform I had most confidence in (after the big ones). Am I an anomaly here? It seems that my position might be rather average. If one owned the whole Lendy book, your life-time interest returned would be £44m but the amount of impaired loans at risk (going on current loan book) is around £100m giving a rough ratio of 230%, so my higher ratio reflects the mistakes I made. I'm at 127% Also been in for three years or so.
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Steerpike
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Post by Steerpike on Oct 17, 2018 18:38:33 GMT
I have been with Lendy for 4 years, I haven't invested this calendar year and my outstanding loan to lifetime interest ratio is 270%, so very similar to the OP.
If my outstanding loans return 80% capital and no accrued interest my 4 year XIRR will be about 5% and break even is about 65% capital return.
This assumes that losses can be offset against P2P interest received elsewhere this year to recoup the tax I have paid on the interest received (i.e. return of my own capital) in previous years.
My biggest mistakes by a long chalk were DFL*004 and DFL*012.
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Godanubis
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Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
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Post by Godanubis on Oct 17, 2018 18:56:24 GMT
RETURNS  ? Does lendy payback ? I was begining to wonder  I've not seen much of my 100K + being returned this year.
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Esmeralda
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Post by Esmeralda on Oct 17, 2018 19:09:42 GMT
My two remaining loans are both unlikely to pay me back anything but I'm "lucky" that they're "only" 72.9% of the total interest that I've received since I first invested with SS in July 2016.
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Post by balloonthief on Oct 17, 2018 21:47:54 GMT
I've been with them 3 years, sitting at 148%. Need 68% recovery from dfl004, dfl005 and dfl017... Not good.
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p2p2p
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Post by p2p2p on Oct 17, 2018 22:20:02 GMT
A much easier figure for me to quote is the ratio of money still invested/interest earned+bonus, as I've sold everything that does not have a long queue. Its currently 307%. I'm hoping to get that to less than 100% so I've not lost money, but its not the measure the OP defined, as includes undefaulted loans, even some with positive days remaining.
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brianlom1
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He's not the Messiah, he's a very naughty boy!
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Post by brianlom1 on Oct 17, 2018 22:21:13 GMT
Hmmm ... I don't think I like this game - I've been invested since the SS days and my figure is 332% ... I need a 70% recovery just to break even
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romy
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Post by romy on Oct 17, 2018 23:46:17 GMT
Roughly I'm on about 110%, so luckier than several. Fingers crossed should at least get capital back, may even end up with more interest than if it had just sat in a bank...
Thanks that's cheered me up! Been with them just over 3 years.
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tombraider
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Post by tombraider on Oct 18, 2018 4:11:06 GMT
Roughly 200% as debt so need a 50% recovery... add in collateral and could do with closer to 70% recovery....
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Post by p2plender on Oct 18, 2018 7:35:34 GMT
Some shocking figures here. As mentioned before, the rates to lend here should have been 20-25%. To think they had the cheek to offer 9% loans....
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invester
P2P Blogger
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Post by invester on Oct 18, 2018 7:50:45 GMT
My comparable figure for Moneything is 120%.
Funding Secure is 67% although I think this is skewed because I haven't been able to work out what has been paid out of the 'interest to date' (it seems to accrue even when the loan is unredeemed).
Ablrate is 108% if we assume that the BN loans are bad, 19% if not.
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bigcarl
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Post by bigcarl on Oct 18, 2018 7:59:42 GMT
Around 260% - and I've been in for a while before the mass of DFLs...
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rocky1
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Post by rocky1 on Oct 18, 2018 8:14:54 GMT
all loans are secured and up to 70%LTV,GDV some with debentures,PGs,promises,etc.what could go wrong, in the event of default, security is enforced.every loan has passed rigorous DD and lending criteria.RICS valuations which have been the down fall of every failed/failing loan across the platforms.we accepted risk for 12% but most of it is turning out to be financial suicide for many lenders.damm right your capital is at risk.
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registerme
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Post by registerme on Oct 18, 2018 8:15:37 GMT
45% for me, so if I see nothing back from the defaults I have left on the platform (just over a grand left across DFL001 and DFL005) I'll still get out ahead. Looks like the last loan I invested in, and managed to sell out of, was PBL149. My last deposit onto the platform was in April 2017.
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? Does lendy payback ? I was begining to wonder 
I've not seen much of my 100K + being returned this year.
