blender
Member of DD Central
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Post by blender on Sept 12, 2016 13:08:16 GMT
Had some cash to place and pleased to see a couple of small C loans lingering for bids this pm, Monday. But, they are such awful risks that I would have rejected them as an E. Have not seen an E for a while - I wonder what they must be like.
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Post by GSV3MIaC on Sept 12, 2016 13:17:36 GMT
/mod hat off
Totally variable - some are no worse than that C you mentioned, some are so toxic you wouldn't want them to get funded at all (but they will). Generally I aim to not keep them too long
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ptr120
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Post by ptr120 on Sept 12, 2016 16:53:23 GMT
There is an 'A' loan currently listed for just over 58k. 10 months ago the borrower was 'E' rated. The only significant thing that I can see has changed in that time is that their overdraft has grown by about 12k - which is about how much they will have left after having paid off their 'E' loan
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oldgrumpy
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Post by oldgrumpy on Sept 12, 2016 17:04:50 GMT
There is an 'A' loan currently listed for just over 58k. 10 months ago the borrower was 'E' rated. The only significant thing that I can see has changed in that time is that their overdraft has grown by about 12k - which is about how much they will have left after having paid off their 'E' loan This nonsense has been happening since FC decided to introduce fixed rate loans. It is the reason I invest almost nothing with FC now because I do not trust their risk band integrity. I occasionally take an E or D for a couple of months, then jettison. My FC holding has reduced by about 80% since fixed rates began.
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