arbster
Member of DD Central
Posts: 810
Likes: 426
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Post by arbster on Oct 17, 2016 7:21:15 GMT
Another one bites the dust.
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adrianc
Member of DD Central
Posts: 8,877
Likes: 4,754
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Post by adrianc on Oct 17, 2016 7:23:17 GMT
A messy divorce is on the cards...
With our cockroach-pizza friend, that's my entire sign-up bonuses gone. Still positive, just. Humf.
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r00lish67
Member of DD Central
Posts: 2,691
Likes: 4,048
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Post by r00lish67 on Oct 17, 2016 7:34:56 GMT
Fortunately for me, one of the few I've sold recently.
It's a slow-motion P2P version of Raiders of the Lost Ark, where we're legging it out of a jungle temple being pursued by a rolling boulder of defaulting loans..
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Post by ogwellian on Oct 17, 2016 8:15:58 GMT
Sold this one last week as part of my exit strategy. Apologies to whoever bought it.
Over 10% of the companies in my original £1,150 investment + bonuses, gone bad now.
Luckily, still in profit (saved by the cashback).
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treeman
Member of DD Central
Posts: 1,026
Likes: 557
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Post by treeman on Oct 17, 2016 8:16:53 GMT
............... My bonus anniversary is 30/10 - guess what I'm doing at 00:01 ? If there's any left I can list. Still in +ve on the bonuses - without them it would be pretty looking pretty messy
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pip
Posts: 542
Likes: 725
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Post by pip on Oct 17, 2016 8:17:15 GMT
Anybody any idea of what % of their loans are in arrears or we have been notified the borrower is in liquidation. Seems high to me, very high.
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pom
Member of DD Central
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Post by pom on Oct 17, 2016 8:23:24 GMT
Gahh - I'm down to shrapnel on this one fortunately but still does not bode well..
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TheDriver
Member of DD Central
Slightly bonkers
Posts: 493
Likes: 190
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Post by TheDriver on Oct 17, 2016 8:26:39 GMT
CVA, pip .
Together with AB&R wipes out all my gains to date; I know Bad Debts come with the territory, but if the Scottish pub doesn't come around (it was one I was intending to flip by Xmas) I'll be considering a negligence claim against LC considering it's only made one payment!
Having an ongoing dialogue with LC about arrears/defaults reporting, but it certainly doesn't look good :-(
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Monetus
Member of DD Central
Posts: 1,179
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Post by Monetus on Oct 17, 2016 8:37:12 GMT
CVA, pip .
Together with AB&R wipes out all my gains to date; I know Bad Debts come with the territory, but if the Scottish pub doesn't come around (it was one I was intending to flip by Xmas) I'll be considering a negligence claim against LC considering it's only made one payment!
Having an ongoing dialogue with LC about arrears/defaults, but it certainly doesn't look good :-( The amount of loans that go south on this platform after just 1-2 payments beggars belief. In my opinion the DD just can't be up to scratch as they are consistently lending to borrowers who almost immediately default. And not just once, but time and time again. LC is now on my "don't touch with a bargepole" list after achieving losses in the thousands from my first investments there.
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Post by lionelrichtea on Oct 17, 2016 10:25:37 GMT
The amount of loans that go south on this platform after just 1-2 payments beggars belief. In my opinion the DD just can't be up to scratch as they are consistently lending to borrowers who almost immediately default. And not just once, but time and time again. LC is now on my "don't touch with a bargepole" list after achieving losses in the thousands from my first investments there. Unfortunately the SM seems to be awash with people seeking out. I don't hold out much hope of selling my parts so may have to stick it out for now. Absolute nightmare of a platform. I only listed my parts yesterday afternoon and have already had 6 sales, though obviously only from those loans with little exchange liquidity.
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pom
Member of DD Central
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Post by pom on Oct 17, 2016 10:41:33 GMT
I just compared the amount on sale on my remaining loans to where it was a couple of weeks ago, and SM availability does appear to be dropping (down by a couple of %) so assuming a lot of people are all selling out now, there's also clearly a fair few new folk investing.
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min
Member of DD Central
Posts: 602
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Post by min on Oct 17, 2016 11:09:15 GMT
Gahh - I'm down to shrapnel on this one fortunately but still does not bode well.. Likewise. Phew! Agree doesn't look good.
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min
Member of DD Central
Posts: 602
Likes: 169
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Post by min on Oct 17, 2016 11:13:42 GMT
I just compared the amount on sale on my remaining loans to where it was a couple of weeks ago, and SM availability does appear to be dropping (down by a couple of %) so assuming a lot of people are all selling out now, there's also clearly a fair few new folk investing. Must be the bonus offer. I sold a couple more last Friday. Less than £500 left but the way things are going I'm not confident of getting too much back. Will be happy to get out with a profit.
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jimbob
Member of DD Central
Posts: 317
Likes: 74
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Post by jimbob on Oct 17, 2016 12:44:11 GMT
A nice 2.5% cashback offer !
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pom
Member of DD Central
Posts: 1,922
Likes: 1,244
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Post by pom on Oct 17, 2016 12:47:47 GMT
I just compared the amount on sale on my remaining loans to where it was a couple of weeks ago, and SM availability does appear to be dropping (down by a couple of %) so assuming a lot of people are all selling out now, there's also clearly a fair few new folk investing. Must be the bonus offer. I sold a couple more last Friday. Less than £500 left but the way things are going I'm not confident of getting too much back. Will be happy to get out with a profit. You're still feeling optimistic then ?
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