|
Post by indexfund on Feb 20, 2022 10:17:47 GMT
Some interesting ideas, and when I have [plenty!] of time I will crank open a spreadsheet! I think it is high time FC sorts this situation out, even an extra column would help or as suggested simply pay off all the last few bits and bobs and be done with it!
|
|
tjtl
Posts: 232
Likes: 351
|
Post by tjtl on Feb 23, 2022 13:40:40 GMT
I still have circa £4k of loans on the site (my "high-point" was around £150k) under 247 loans, 105 of which are downgraded- and have been getting a trickle of recoveries and repayments. By my maths, assuming a 30% recovery/ repayment rate, I will have made about 2% over the total period of my investment. What that % return doesn't show is the heartache and pain. As a listed company they should tidy this rump of P2P lending up and let us get on with our lives.
|
|
keitha
Member of DD Central
2024, hopefully the year I get out of P2P
Posts: 3,891
Likes: 2,323
|
Post by keitha on Jul 8, 2022 13:07:34 GMT
in a fe days it will be 3 years I started the getting out process
To date I have recovered 93.2% of my investment at the time I started withdrawals
My residual is 10%
my outstanding debts ( Those not sold off, written off, or repaid in full ) less any repayments represent 6.4%
If I get 40% of that back then that's 2.5%
so a right now provided no more default I have made 5.7% over 3 years of course that assumes the OS debts paid back if they don't then 3.2% but of course that is on a reducing balance, in the first year I got nearly 50% back, and a further 30% in the second.
A little better than the bank but a lot more stress and angst, and possibly better than a lot of others
Just under 20% of my residual ( by number and value ) is late most by 4 months or more
|
|
jo
Member of DD Central
Posts: 727
Likes: 492
|
Post by jo on Sept 25, 2022 14:51:12 GMT
Got my account closed via the charity route. Final stats (since 2014): XIRR 7.31 Recoveries 60% Wish all my zombie accounts were similar..
|
|
|
Post by rash4cash on Oct 18, 2022 7:38:09 GMT
After 2 1/2 years I have finally got my money back, I never thought it would actually happen and so far I have made a tenner. I still have 148 live loans left some with up to 2years left to run .
|
|
keitha
Member of DD Central
2024, hopefully the year I get out of P2P
Posts: 3,891
Likes: 2,323
|
Post by keitha on Nov 1, 2022 16:40:00 GMT
After 2 1/2 years I have finally got my money back, I never thought it would actually happen and so far I have made a tenner. I still have 148 live loans left some with up to 2 years left to run. I am £70 short of getting my initial investment back and over £1,000 short of what FC valued my holding at when I started the withdrawal process. If my outstanding loans were all repaid today, I would be about £20 in profit, that's a pretty pathetic return. in 3 years ( although it has been an abnormal 3 years ) None of my loans have more than 18 months left. I'd say compared to most of us you are doing pretty well
|
|
keitha
Member of DD Central
2024, hopefully the year I get out of P2P
Posts: 3,891
Likes: 2,323
|
Post by keitha on Dec 1, 2022 10:30:53 GMT
Tonight I will raise a glass to all my fellow FC lenders, and especially to those on here who saw the oncoming train and persuaded me to start getting out.
a withdrawal today that means I have my initial investment back
residual loans represent 6.6 % and are very approximately equal to the difference between what I've got out and what the portfolio was valued at when I started the withdrawal process.
25% of my remaining loans are late (by number and value )
recoveries, where further recovery is possible ie not sold or marked as NFA are 20% of the balance, but this is skewed by 3 big loans that are 90% plus repaid. if I take those out the average recovery is about 7%
|
|
|
Post by overthehill on Dec 1, 2022 14:13:46 GMT
506-4 after day 1, Pakistan England, 4 centuries. England batted first of course !
|
|
keitha
Member of DD Central
2024, hopefully the year I get out of P2P
Posts: 3,891
Likes: 2,323
|
Post by keitha on Feb 23, 2023 11:44:34 GMT
looking today 119 "live" loans left 94 live, 1 processing, 24 late Late represents about 20% by number and Value
Circa 42 Months since I started the get out process and tried to put my loans up for sale.
I think my 2 ( or was it only 1) rounds of sales sold a lot of the longer loans, indeed my last loans should repay in December, except looking at the download I have loans with up to 15 months to run, because FC gave extensions to the loans, I should therefore be clear of live loans by May 2024.
Being honest I do feel a little sorry for those who bought my loans in late 2019 & early 2020.
If all my live loans repay then excluding any interest I make on them until they end, I will get out with £70 more than my holding was valued at in July 2019.
Add in 50% of lates and 40% of recoverable bad debts. That would make 2.5% over nearly 5 years
|
|
|
Post by df on Feb 23, 2023 17:44:15 GMT
looking today 119 "live" loans left 94 live, 1 processing, 24 late Late represents about 20% by number and Value Circa 42 Months since I started the get out process and tried to put my loans up for sale. I think my 2 ( or was it only 1) rounds of sales sold a lot of the longer loans, indeed my last loans should repay in December, except looking at the download I have loans with up to 15 months to run, because FC gave extensions to the loans, I should therefore be clear of live loans by May 2024. Being honest I do feel a little sorry for those who bought my loans in late 2019 & early 2020. If all my live loans repay then excluding any interest I make on them until they end, I will get out with £70 more than my holding was valued at in July 2019. Add in 50% of lates and 40% of recoverable bad debts. That would make 2.5% over nearly 5 years I'm in a better position. I've completed my get out process in October 2018. Managed to sell almost the entire loan book, I have no live loans but small recovery payments are still dripping in. My XIRR is 4.08%. I would've been in even better position if I made my exit a year earlier when they scrapped manual investments.
|
|
keitha
Member of DD Central
2024, hopefully the year I get out of P2P
Posts: 3,891
Likes: 2,323
|
Post by keitha on Feb 24, 2023 16:01:05 GMT
Looking at loans since Covid hit
FC have sold a stack of mine at an average of just over 30% of default value returned. I have a few others that have returned 100%, for me an issue was that they sold off many defaults that were repaying regularly often for 3-6 payments, IMHO many of these would have repaid. in the meantime I'm stuck with loans with no updates other than "commencing legal Action" where I can see the company has been liquidated and the guarantors are bankrupt.
Outstanding defaults since Covid are currently a massive issue the average return to date is < 20% I have one that defaulted in October 2020, made a 3% repayment in May 2022 and that's it, another that started repayments on the default in 2020 and to date has repaid < 8% At the current rates that's probably 27 years to repay.
|
|
benaj
Member of DD Central
Posts: 4,912
Likes: 1,613
|
Post by benaj on Feb 24, 2023 16:10:31 GMT
Well, I've checked one of my exited FC account. FC did a great job recovering £2.40 since Apr 22, not a penny charged.
So far, recovered £226 after defaulting £1176.
|
|
|
Post by df on Feb 24, 2023 18:44:59 GMT
Well, I've checked one of my exited FC account. FC did a great job recovering £2.40 since Apr 22, not a penny charged. So far, recovered £226 after defaulting £1176. The recent posts inspired me to login (last time was 25th oct 2022) and found £2.50 of recoveries ready for withdrawal . Looked at my portfolio - 54 loans, all bad debt. Recoveries come from 3 loans.
|
|
coogaruk
Hello everyone! Anyone remember me?
Posts: 703
Likes: 463
|
Post by coogaruk on Feb 26, 2023 11:35:30 GMT
Well, I've checked one of my exited FC account. FC did a great job recovering £2.40 since Apr 22, not a penny charged. So far, recovered £226 after defaulting £1176. The recent posts inspired me to login (last time was 25th oct 2022) and found £2.50 of recoveries ready for withdrawal . Looked at my portfolio - 54 loans, all bad debt. Recoveries come from 3 loans. I am in a similar final position, having now completed my wind down which I commenced in September 2017. Nothing but bad debt left now (No idea how many as I didn't count them up last time I logged in). I withdrew my final (save for the continuing minor recovery payments) £25 about a month ago. Pleased overall, having made >£5.5k profit on a £12k invesment. Definitely my most successful p2p performance (I only did the 3 'majors', the other two being Ratesetter - Just below £5k profit on £12k investment and Zopa, C. £800 profit on £3k).
I may check my recoveries against bad debt numbers and count the latter to repost at a later date, for anyone who may still find that interesting.
|
|
|
Post by carol167 on Mar 7, 2023 9:03:18 GMT
I made a 6.8% annualised return. I had no more than 20k invested at my peak. Total profit £4594. Just pennies dribbling in now and pretty much nothing left in it. So overall, pretty happy bunny.
I was in it from 2012 though. I think it is clear that those who were in from very early on faired much better overall than those who only came in much much later.
Things were good for a long time from the start, but like a lot of platforms tailed off significantly in the latter years.
|
|