ding
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Post by ding on Apr 25, 2021 10:02:47 GMT
Pleasantly surprised to have about 97.5% withdrawn from 30day/QAA to cash account.
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ding
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Post by ding on Jun 20, 2020 9:33:54 GMT
Mine also matches. I have a number of COL transaction excel sheets (maybe all), they were named 01simple.xls. Matched a few with the BDO report. e.g. £25 COLBB00667 1/2/18 renewed to COLBB00728 "A Collection of War Medals". As others have mentioned the former code is on the BDO report. Appendix I "Under investigation - Company Dissolved". Not sure what is to investigate, just sell the things.
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ding
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Post by ding on Jan 20, 2020 11:51:07 GMT
i lent fresh money at 5.4%, and it matched me at 5.5%.
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ding
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Post by ding on Dec 11, 2019 9:26:20 GMT
I reduced my amount per loan (so as not to end up with a very large unprotected 4 figure slice) but have still been getting decent sized 2-3 figure chunks, which is all good for now! The challenge will be where to set the limit when people are up to speed - too low and too much cash drag, too high and risk of lack of balance with overexposure to now unprotected loans. I do wonder where the unbolted algorithm works less well in an unprotected setting - flat rate allocations up to the maximum bid rather than percentages of the maximum bid might be preferable to keep portfolio more balanced.
I would like this too, I've always thought it unfair. I've reduced my invest settings considerably now and getting very small chunks. In the past i've had some loans that I only received capital back due to provision fund kicking in. One was where an IPAD went to auction and got £5 I think. I don't want to have large slices in these types of loans.
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ding
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Post by ding on Jun 25, 2019 14:39:12 GMT
At 7% now, and plenty in the borrower queue.
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ding
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Post by ding on Jun 17, 2019 15:00:36 GMT
Rolling lowest offer now 3.2% 10877 orders, £1 million Very strange..
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ding
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Post by ding on Jun 16, 2019 21:34:34 GMT
I was happy to get some matched at 6.0% Offer now at 3.8% - On Offer £20 - 110 orders!!
Now at 3.6% Don't use their suggested rate !
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ding
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Post by ding on May 18, 2019 12:49:21 GMT
£130,000 car stocking loan at 70% LTV based on the retail value of stock. Pretty standard Huddle offering. HOWEVER... This loan offers additional security of a first legal charge over a residential property valued at £325,000, bringing the combined LTV down to 26%. It appears an incredibly strong offer to me but 48 hours in and only 25% gone, what's not to like? "The Company seeks to raise £130,000 by way of a revolving credit facility in order to refinance an existing Huddle stocking facility. " Which is 1000071, 1 year loan with 3 months left. That loan pays us 12%. Perhaps the 24 months of the new loan gives the borrower more freedom, but with the catch of an increased rate of 14% (+ huddle x%). The 8 payments so far were all late - average of 2 days I would estimate.
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ding
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Post by ding on May 18, 2019 12:48:12 GMT
As eluded to (I couldn't find the DD post). Huddle has a fixed charge over the club, but in the administrators proposal which can be downloaded from companies house it says it was sold. Not sure what legal ramifications are here. But doesn't look good.
May's payment was received.
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ding
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Huddle Capital
1000075
Apr 18, 2019 21:32:00 GMT
Post by ding on Apr 18, 2019 21:32:00 GMT
This has repaid early. And the 3 PM available loans are 100% filled. As a side note the original amortising loan on the bar is still being paid.
Very happy!
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ding
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Post by ding on Mar 1, 2019 12:23:14 GMT
Surprised to see 74k left of 190k Standard Loan (Provision Trust) paying 0.7%/month
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ding
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Post by ding on Feb 17, 2019 9:50:05 GMT
"Your complaint has been received"
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ding
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Post by ding on Jan 22, 2019 13:08:36 GMT
Received from BDO today: "We are happy to advise that we have received responses approving the ‘Lender Resolution’ from approximately 86% of investors, in terms of value of investments. This has certainly been an encouraging response. Whilst we would expect that this translates as approval to proceed with enforcement in respect of the majority of the loans, it will of course be necessary to calculate what percentage of value this represents for each specific loan."
FYI - the required threshold as per the Collateral platform terms is that 75% of investors in a loan must agree to take enforcement action. A few other updates: - The next Creditors Committee meeting is confirmed for the 12th of March. - Good progress is being made on data recovery: "we are now at the stage where a significant majority of investors’ detailed portfolio analysis as extracted from the database reconciles with the information initially provided to us by Refresh Recovery"- BDO will shortly be uploading a note on their website informing investors that a tax statement for 2017/2018 isn't available which you may forward to HMRC when submitting your tax returns. BDO are unable to offer any specific tax advice. - Taking into account various factors, information regarding progress on recoveries will be kept to the standard reporting schedule rather than details being uploaded to the BDO website.
Was this sent to all investors, as I didn't receive an email? Thanks for update.
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ding
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Post by ding on Jan 5, 2019 10:41:11 GMT
Invested for 18 months. They don't provide loan updates to the site which I dislike. I've emailed them a few times when loans are in arrears and got a fast response. They don't always email you when a loan completes. 5 loans have repaid with all interest. One was in arrears but they removed person from property and sold it.
7 active loans now. 3 performing. 3 slightly behind (Oct-Nov paid up to). Though one was a new loan that hasn't paid anything, but I had a previous loan with him. So I'm not to worried (yet) about these...
And the worst one a 50% LTV taken out 8 months ago has paid 0 interest. Received email from HNW to expect a 10% loss. And that is after the directors first loss of 10%! The main blame seems to be 1st charge holder imposing 10% interest/month!
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ding
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Post by ding on Dec 22, 2018 10:48:22 GMT
Are you looking at alltime or current data. Zopa sold a load of defaults off recently that will not appear in current anymore as they are marked "settled". You may have a recovery uplift in statements but that all you will get on those loans. For the value appear in my statement on 29th Nov. Just a thought.
I just discovered this myself and came back to post, and saw your reply. My earning had been sitting close to £100 for some time, then went to around £106, then back down under £100. So I started doing some digging.
Wrote this email to zopa:
You leant £19.5k to an A* borrower who has paid £0 back. You have defaulted then settled. It seems you have settled for 0% payback, but that doesn’t meet your criteria below: blog.zopa.com/2016/05/04/service-update-the-settled-state/“On rare occasions, borrowers cannot repay the full amount of their debt. Settled will be applied when a borrower is unable to repay in full, but, can repay a certain percentage of their debt with a lump sum on a loan marked as defaulted. Zopa will only accept these terms and apply the Settled state after a thorough assessment of the borrower’s circumstances. If all criteria are met, we will accept the one-off payment and write off the remainder of the bad debt.” Can you please explain how you let this person off so easily on a very expensive car!
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