Post by aju on Nov 27, 2016 19:16:17 GMT
I have a Zopa Classic Loan (£12000 but my part is £10) taken out in June. The first 2 payments failed before the borrower got into difficulty.
from old Loan book (https://goo.gl/dM50SO)
DATE AMOUNT CAPITAL INTEREST STATUS
26/11/2016 £0.19 £0.14 £0.05 Failed
26/10/2016 £0.02 £0.00 £0.02 Paid
26/10/2016 £0.19 £0.14 £0.05 Failed
26/09/2016 £0.02 £0.00 £0.02 Paid
26/09/2016 £0.20 £0.15 £0.05 Failed
26/08/2016 £0.02 £0.00 £0.02 Paid
26/08/2016 £0.19 £0.14 £0.05 Failed
26/07/2016 £0.22 £0.14 £0.08 Failed
As this is a Classic does anyone know where one might find the info that describes the different safeguard scenarios. At the moment it seems the borrower did not pay any of the original payments and the loan is now in arrangement. Does this mean that as the borrower is paying a reduced rate that technically it wont trigger safeguard repayment after 4 months.
I think I have a couple of other ones of these. I'm not too concerned at the moment as whilst I hate the idea of a default, its in classic and its not affecting my overall book.
Also does anyone know or have a spreadsheet on how to collate all the defaults over the years, Zopa used to have an all time bad debt value but I can't find it anymore. Whilst my XIRR (return) calculator cannot work correctly without the true bad debt figures and late payments figures the values I had when it last was available only suggest a 0.7% spread. My current XIRR return is 7.07% (5.56% after tax) using the last figures for bad debt then my returns are still as follows.
after tax
7.07% before fees & bad debts 5.65%
6.95% after fees 5.56%
6.67% after bad debts and fees 5.33%
6.32% after late payments, bad debts and fees 5.06%
Any ideas anyone
from old Loan book (https://goo.gl/dM50SO)
DATE AMOUNT CAPITAL INTEREST STATUS
26/11/2016 £0.19 £0.14 £0.05 Failed
26/10/2016 £0.02 £0.00 £0.02 Paid
26/10/2016 £0.19 £0.14 £0.05 Failed
26/09/2016 £0.02 £0.00 £0.02 Paid
26/09/2016 £0.20 £0.15 £0.05 Failed
26/08/2016 £0.02 £0.00 £0.02 Paid
26/08/2016 £0.19 £0.14 £0.05 Failed
26/07/2016 £0.22 £0.14 £0.08 Failed
As this is a Classic does anyone know where one might find the info that describes the different safeguard scenarios. At the moment it seems the borrower did not pay any of the original payments and the loan is now in arrangement. Does this mean that as the borrower is paying a reduced rate that technically it wont trigger safeguard repayment after 4 months.
I think I have a couple of other ones of these. I'm not too concerned at the moment as whilst I hate the idea of a default, its in classic and its not affecting my overall book.
Also does anyone know or have a spreadsheet on how to collate all the defaults over the years, Zopa used to have an all time bad debt value but I can't find it anymore. Whilst my XIRR (return) calculator cannot work correctly without the true bad debt figures and late payments figures the values I had when it last was available only suggest a 0.7% spread. My current XIRR return is 7.07% (5.56% after tax) using the last figures for bad debt then my returns are still as follows.
after tax
7.07% before fees & bad debts 5.65%
6.95% after fees 5.56%
6.67% after bad debts and fees 5.33%
6.32% after late payments, bad debts and fees 5.06%
Any ideas anyone