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Post by investor01010101 on Nov 28, 2018 19:54:18 GMT
Thought it might be interesting to put a list of suspended loans together since I hold 17 loans in GBBA 1 of which 15 are suspended.
Loans suspended in GBBA1 just on my investments
455
431
389
388
336
330
327
314
297
296
275
251
227
204
191
GBBA2 loans in suspension
508
455
336
305
297
296
282
275
191
Striking similarities……..
Feel free to append if you have some I am not invested in, its called P2P top trumps
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Post by roandy55 on Nov 28, 2018 20:12:44 GMT
I can add
GBBA2
389
251
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zlb
Member of DD Central
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Post by zlb on Dec 10, 2018 12:43:35 GMT
Do you think indicative of poor loan quality?
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Post by hammertime on Dec 10, 2018 13:46:47 GMT
Poor due diligence by A/C more like.
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corto
Member of DD Central
one-syllabistic
Posts: 851
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Post by corto on Dec 10, 2018 18:36:55 GMT
There has been occasional talk on these sites about GBBA2 getting re-balanced such that everybody is in every loan according to size. Should we not all see the same numbers?
A related note: I sold GBBA2; after a week 18% are not yet liquidized. That's more than expected.
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kathy
Posts: 38 
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Post by kathy on Dec 11, 2018 9:41:17 GMT
A related note: I sold GBBA2; after a week 18% are not yet liquidized. That's more than expected. I am in a similar situation, plus the dud GBB and GEA loans. My potential losses/tied in money way exceed any interest I have earned in AC.
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corto
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one-syllabistic
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Post by corto on Dec 13, 2018 0:39:09 GMT
I am not very concerned. Some frozen funds were expected, just not >10%. The accounts still sell out slowly. GBBA2 has much of the rest in just a handful of disproportionally large loans that are in monitored state but not (yet) suspended.
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Post by hammertime on Dec 13, 2018 15:21:24 GMT
Better off in the 30DA or the MLA.
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Post by investor01010101 on Dec 13, 2018 22:23:45 GMT
Better off in the 30DA or the MLA. Better off in Growth Street, 80K invested not a penny lost in a year albeit at only 5.3% but I can live without the stress of AC  loan management......
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IFISAcava
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Post by IFISAcava on Dec 13, 2018 23:43:58 GMT
Better off in the 30DA or the MLA. Better off in Growth Street, 80K invested not a penny lost in a year albeit at only 5.3% but I can live without the stress of AC loan management...... GS has no ISA
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Post by hammertime on Dec 14, 2018 10:33:14 GMT
Those rates are to low.
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Post by bikeman on Dec 19, 2018 18:44:14 GMT
Poor due diligence by A/C more like. There's no need to be diligent when you're lending other people's money and repeatedly cover your arse with multiple 'invest at your own risk...' statements. There weren't so many of those when they suckered me to invest in the GEIA two years ago - then it was all 'we minimise losses by diversifying across loans and back your investment with our provision fund etc etc'. What a cock of that was. AC is the only P2P platform where I lost 40% of my investment within weeks because AC saw fit to diversify across two loans to the same borrower - incompetence.
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IFISAcava
Member of DD Central
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Post by IFISAcava on Dec 19, 2018 19:03:31 GMT
Poor due diligence by A/C more like. There's no need to be diligent when you're lending other people's money and repeatedly cover your arse with multiple 'invest at your own risk...' statements. There weren't so many of those when they suckered me to invest in the GEIA two years ago - then it was all 'we minimise losses by diversifying across loans and back your investment with our provision fund etc etc'. What a cock of that was. AC is the only P2P platform where I lost 40% of my investment within weeks because AC saw fit to diversify across two loans to the same borrower - incompetence. I had 45% to one borrower (four loans) in GEIA. Will be my largest ever P2P loss by some distance (to date). That account was not fit for purpose, in marked contrast to the rest of AC offerings.
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alibaba
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Post by alibaba on Dec 19, 2018 21:20:55 GMT
Well said
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james21
Member of DD Central
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Post by james21 on Dec 20, 2018 8:29:16 GMT
The GBBA accounts are lemons, am in both, withdrawn all I could when I realised this was the case, now stuck with a residue of suspended that I am stuck with, the interest rate on offer is not worth the risk
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loan management......