min
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Post by min on Mar 26, 2015 18:47:26 GMT
When I was at school (back in the stone age according to my kids), I always seemed to have all the lessons I didn't like on Thursdays.
Later I became a teacher and always hated my Thursday timetable.
Now I'm retired I thought the Thursday 'curse' was over - but no Fracking Cowboys seem to have a 'default Thursday' policy.
2 today - ok only £33 ish in total but.... far too many defaults with Frying Catapults - still moving money to AC and FK - transparency is the word!
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Mar 26, 2015 19:01:35 GMT
When I was at school (back in the stone age according to my kids), I always seemed to have all the lessons I didn't like on Thursdays. Later I became a teacher and always hated my Thursday timetable. Now I'm retired I thought the Thursday 'curse' was over - but no Fracking Cowboys seem to have a 'default Thursday' policy. 2 today - ok only £33 ish in total but.... far too many defaults with Frying Catapults - still moving money to AC and FK - transparency is the word! Oh, I was about to log on to see if Ive liquidated the remainder of my tradeable loan book. Now Im scared to look. 
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chrisf
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Post by chrisf on Mar 26, 2015 19:25:13 GMT
I hadn't noticed the Thursday thing but yes, I have had 3 'important update' emails today, total 256 quid. The headline figures always take a while to update but I anticipate my AR(AFABD) going below 11% which would mean that my much-less-work platforms are doing better.
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fasty
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Post by fasty on Mar 26, 2015 23:53:37 GMT
I had one of the dreaded "Important Update..." emails today too. Somehow my name had migrated to the wrong part of the email text. Careless. I went for a long period with no defaults but recently a bunch have turned up in succession. Like busses. But I digress. More worrying than today's email is the collection of several loan parts that I am collecting which are flagged as "late". It seems like some of them have been late for quite a long time without comment from FC. I fear the worst. If they can drag on into the new financial year before progressing to "defaulted", does that mean I would be able to offset the losses against tax?
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wysiati
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Post by wysiati on Mar 27, 2015 0:34:12 GMT
More worrying than today's email is the collection of several loan parts that I am collecting which are flagged as "late". It seems like some of them have been late for quite a long time without comment from FC. I fear the worst. If they can drag on into the new financial year before progressing to "defaulted", does that mean I would be able to offset the losses against tax? Unfortunately it appears not. The HMRC guidance seems to suggest that only loans originated after the start of the new tax year will benefit from the ability to offset losses against income. There was a link posted recently in the TC 'old forum'.
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blender
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Post by blender on Mar 27, 2015 9:26:11 GMT
... More worrying than today's email is the collection of several loan parts that I am collecting which are flagged as "late". It seems like some of them have been late for quite a long time without comment from FC. I fear the worst. If they can drag on into the new financial year before progressing to "defaulted", does that mean I would be able to offset the losses against tax? More worrying still, one of my loans which had been going on for nearly two weeks late without a note has paid up (good news). But no note was added and so it is now back live with a clear payment history! So in genaral beware the repayments tab does not necessarily now record any past late payment. It never happened. Forgive me for not giving the loan number until I have dumped my £340 worth.
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fasty
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Post by fasty on Mar 27, 2015 11:55:44 GMT
... More worrying than today's email is the collection of several loan parts that I am collecting which are flagged as "late". It seems like some of them have been late for quite a long time without comment from FC. I fear the worst. If they can drag on into the new financial year before progressing to "defaulted", does that mean I would be able to offset the losses against tax? More worrying still, one of my loans which had been going on for nearly two weeks late without a note has paid up (good news). But no note was added and so it is now back live with a clear payment history! So in genaral beware the repayments tab does not necessarily now record any past late payment. It never happened. Forgive me for not giving the loan number until I have dumped my £340 worth. Excellent, we're obviously referring to the same loan, blender. It was threatening to be one of my worst losses. Now, I think that it might even justify sale at a premium... Or is that just too brutal?
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oldgrumpy
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Post by oldgrumpy on Mar 27, 2015 12:06:18 GMT
I wonder if I have that one.  |
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Post by GSV3MIaC on Mar 27, 2015 15:53:08 GMT
Perhaps if hey have dumped they will tell us the number now? Not that any manual buyers are likely to be reading here, surely?!
I approve of 'sell at premium', since that invokes 'caveat emptor', rather than 'sell at par and invoke scr$w granny'.
Sell at discount and invoke 'Scr%w buy-bot' sounds like even better fun though (except they'd probably just pass it on to granny I guess).
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blender
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Post by blender on Mar 27, 2015 15:58:38 GMT
One gone at 1% premium. Nine to go. It's hard for the emptor to caveat when the payment history looks perfect.
Will list the number when sold.
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Post by goldservice on Mar 27, 2015 16:23:52 GMT
Hmmm - we now know quite a bit: 9 parts still to sell, 10 parts were valued at £340 so originally the holding might have been 10 £40 parts, repayments might now be down to about 53 (given that sell @ around 6 months thing), probably an A or A+ given blender's preferences iirc - now, set the filters (max prem = 1%), inspect the parts list and hey presto - is it 7***?
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fasty
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Post by fasty on Mar 27, 2015 16:39:03 GMT
Oi you lot, hang on 'til I've flogged mine . <lol>
One gone at +1.1%.; three to go...
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chrisf
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Post by chrisf on Mar 27, 2015 16:42:33 GMT
If it is the one I suspect, **15, I see that it was a rejected whole loan.
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blender
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Post by blender on Mar 27, 2015 17:50:50 GMT
Hmmm - we now know quite a bit: 9 parts still to sell, 10 parts were valued at £340 so originally the holding might have been 10 £40 parts, repayments might now be down to about 53 (given that sell @ around 6 months thing), probably an A or A+ given blender's preferences iirc - now, set the filters (max prem = 1%), inspect the parts list and hey presto - is it 7***? You could try buying one and see if the seller ID gives you a clue. Still 9 to go and I think Fasty's will go first. I doubt that many forum members will be buying these loan parts at 1% premium.
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fasty
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Post by fasty on Mar 27, 2015 18:58:42 GMT
There we go, all gone at a small premium.
I think £20 parts are more marketable than £40 ones.
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