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Post by newlender on Nov 13, 2016 8:11:47 GMT
I have two new defaults and I found them easily in my main loan book by using the 'Search' box. However, when I try to see a trail of missed payments I'm re-directed to the CSV file, which is quite tricky to search through and to read the detail. As these are 'Plus' loans I've lost the money (probably) so does anyone else agree with me that there should be all the detail in the main loan book page rather than in the CSV? When do these drop out of the current loan book - they were classed as defaults on November 1st? Interestingly, my statement for November doesn't include these yet. As it's obviously an ongoing statement, I wonder when they'll appear. Oh well, there's £40 off this month's income - shows the importance of microloans, I suppose.
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Post by newlender on Nov 14, 2016 9:21:13 GMT
I stand (somewhat) corrected. The defaults were on a previous statement - what confused me was that the note on my loan book says that these were 'assigned' to Zopa Ltd. on November 1st, so there was a time lag between the default status and this 'assignment'. My point about more info. needed in the loan book as opposed to the CSV is still valid though.
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kaya
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Post by kaya on Nov 14, 2016 17:00:15 GMT
Agree. I want to click on 'show details of defaults' or something like that. newlender, what do you have to type into the search box to find them? |
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Post by newlender on Nov 14, 2016 19:31:23 GMT
Default. That's in the Search Box at the top of the main loan book, not the CSV. Type Collections to see those loans that are in difficulties but haven't defaulted). There is a way to search in Excel but the sheets are so big that they still take ages to see. Basically, I'd like the info. from a defaulted lender that is in the CSV to be available in the main loan book, which is so much easier to read.
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aju
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Post by aju on Nov 15, 2016 9:03:45 GMT
You could see more info by using the old loanbook reporter, its a bit iffy these days but it does have the extra facility to see monthly loan payments and get a feel for defaults starting as well as relying on the comments field. I'm not convinced that the current comments field has not been corrupted or reduced in info but I haven't investigated that seriously. The url to use is goo.gl/dM50SOand you must be logged in to see it. Once you know the used id of the offending party you can use the search function in the old loanbook report tools. When the data is returned click on the userid in the report and you will get the payments details. I think that the payments have to be missed for 4 consecutive months before moving to a default but that may be wrong/changed. To have same detail without the old tools you will have to download the statements data and use excel to process the relevant userid. Even then you may not have the missed payments details. Also be aware that the data being used for the new system is gradually messing up the old loanbook reports. Ie the Lending offer field was and still would be useful for the names of pre-safeguarded data but now its been filled out to indicate everything is safeguarded which is not correct for some lenders. The only way now to find out old loan detail is to have been fortunate enough to have been downloading csv data prior to the recent changes and use a join of the data in excel to get the proper info if you need it. Hope this helps, sorry if that was not what you were referring to. |
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Post by wyndstryke on Nov 15, 2016 14:35:01 GMT
If you haven't got too many, you can just open up the loan book, click on status so that the book is ordered by status. Probably by luck, the 'withdrawn' and 'withdrawal pending' ones are at the end, and defaults/collections/arrangement are at the start.
This will just show the comments and overall status, and not show the detail of each payment - so the loan book is only good for an overview.
Having said that ... unless you're in Z+, it's not worth spending too much time getting anxious about late payments.
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aju
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Post by aju on Nov 16, 2016 10:03:59 GMT
If you haven't got too many, you can just open up the loan book, click on status so that the book is ordered by status. Probably by luck, the 'withdrawn' and 'withdrawal pending' ones are at the end, and defaults/collections/arrangement are at the start. This will just show the comments and overall status, and not show the detail of each payment - so the loan book is only good for an overview. Having said that ... unless you're in Z+, it's not worth spending too much time getting anxious about late payments. Yes its true, for most Plus is the only relevant one to track, I usually just put "Plus" in search field and sort on comments (click sort twice) and it usually brings the latest entries to the top, in my book however quite a few have comments because they are only really missing payments on time rather than actual default potentials. To get the defaults, I have 1 out of >100 Plus loans actually in danger but to see how much in danger I have to go to the old loanbook as detailed earlier. I do agree that for 1 potential default in my book, in arrears by .27p but with a potential of £10 loss is not that much, but I also have quite a few PreSafeguard's as well so I just keep an eye on them from time to time. I know past performance cannot really gude future performance but i've been investing on here since the very early days and had quite a few defaults but the relative loss is very small compared to the actual return. In fact my overall ROI has been in the region of >5% since day one despite the defaults. For me personally It's fun for me to keep track of many aspects of my book and now that the tools zopa provides are seriously reduced as a result of safeguard and haven't caught up with Plus and its potential for loss I have been using excel more to find things out and map things similar to the old book, however, the payments data needed is more of logistics issue and I'm not sure that the detail similar to old loan book is available in the statements data we currently have access to.
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