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Post by ogwellian on Aug 14, 2017 9:44:00 GMT
So only 3% of loan book on the SM shows that lenders are happy staying in unpopular loans? More likely, they're unhappy putting loans on sale for several weeks and not being paid interest.
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Post by ogwellian on Aug 12, 2017 18:01:32 GMT
All of the 20 odd loans with bits for sale are BPF's.
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Post by ogwellian on Aug 5, 2017 21:06:04 GMT
And all gone, bar Birkenhead. Quite a bit of that gone, too. I was glad to get a chunk of my Birkenhead sold today, having been on sale for a week or so.
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Post by ogwellian on Aug 4, 2017 7:46:50 GMT
'Funds en route' sounds so much better than 'the cheque is in the post'. 8>. 'Hoping to announce something' doesn't sound as good 'the loans will be repaid'
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Post by ogwellian on Jul 1, 2017 11:06:31 GMT
All Zopa+.
First account 7 x £10 loans. All deposits were below £2k to get £10 parts.
Second account 1 x £10 and 1 x £60. Account opened with £6k, so 100 £60 loans.
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Post by ogwellian on Jul 1, 2017 10:28:08 GMT
June has turned out to be my worst month ever!!
£78.88 - £68.29 = £10.59. Projected return 6.5% Includes £1634 in Classic.
£68.45 - £58.33 = £10.12. Projected return 6.4%. Incudes £2757 in Classic.
It appears that all my Plus interest is being wiped out by defaults.
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Post by ogwellian on Jun 18, 2017 8:41:38 GMT
The QAA is down to 19m currently. 30 day account is 24m. ....plus another £26m in the 30 day 4.75% promotion account.
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Post by ogwellian on Jun 14, 2017 18:43:40 GMT
Never known so much before. I always get my repayments matched at 3% in a couple of days. May be a bit longer now!!
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Post by ogwellian on May 29, 2017 10:48:11 GMT
I'm waiting in anticipation to get at least 1p back from my defaults. How much effort are they going to put into recovering a defaulted loan of £5k for wedding expenses that made no payments?
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Post by ogwellian on May 29, 2017 9:49:31 GMT
I don't understand why people assume that just because a loan defaults, that money is lost. Maybe because their definition of default is "This figure relates to any Zopa loan that was written off and closed as bad debt during the specified period that have not been covered by safeguard." Worst month so far on one of my accounts, £81.39 interest (some of which is Classic) and seven defaults of £67.53.
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Post by ogwellian on May 25, 2017 9:43:43 GMT
Due to heavy losses in Plus I'm now diverting payments to Classic where the lower returns are offset by Safeguard.
Have to think of somewhere else to go in December.
I'm already nearly six figures in both RS and AC, but prefer more diversification.
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Post by ogwellian on May 12, 2017 22:47:27 GMT
My latest stats are:-
a/c 1, 585 loans, 7 defaults, 10 collections, so 2.9% in trouble.
a/c 2, 1,100 loans, 20 defaults, 24 collections so 4% of loans in trouble.
Bulk of investment for a/c 1 was April 2016, for the second account it was added in chunks beteeen April and December.
The old money is doing much better!!
Am now diverting all payments to classic.
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Post by ogwellian on May 11, 2017 15:18:37 GMT
The rates may be low, but we usually get our target of 3.1% (our Santander was maxed out at 20k at 3% until the cut). Can't be doing with opening several current accounts (our Santander is a fee free staff account).
We like RateSetter and Assetz Capital to keep large chunks of instant/30 day notice capital in.
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Post by ogwellian on May 10, 2017 21:40:16 GMT
It's now scroll up to current month to date!!
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Post by ogwellian on Mar 31, 2017 17:40:13 GMT
Looks like March is going bad too. It was all going so well until I looked this morning. £50 interest and four defaults of nearly £40 on one account. Second account, £50 interest and one default of a few pence short of £10. So approximately half of March's interest gone already. No more defaults in March, so a potentially bad month, ended up quite a good one.
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