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Post by steamer on Sept 28, 2018 7:16:54 GMT
Currently 26% is Classic and 74% Plus
So all your losses are in Plus (Classic is covered by Safeguard, isn’t it?). When did you start to invest in Plus? The first Plus loan was May 16 and the last Aug 17
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Greenwood2
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Post by Greenwood2 on Sept 28, 2018 9:25:06 GMT
Currently my headline rate is 9.5% on plus with a target rate of 5.2%, so substantial expected losses are built into the target rate (45% loss of interest if my calcs are correct, but a lot anyway). I'm actually getting about 4.2% on a 70% in plus portfolio.
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aju
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Post by aju on Oct 21, 2018 14:58:16 GMT
Mrs Aju got a nice little surprise this week one of her defaults in the Invest side suddenly paid up all 92% of the debt outstanding since June 2017 when they stopped payments. It was a D Mkt loan of £2000 (Mrs Aju had £10 skin in it) to pay off credit cards over 5 years @21.88%.
The final outcome for £10 loan was 2.29 interest for essentially a 26 month loan. According to the comments field the loan was under a Trust Deed.
Anyway thats a good result for her, not all defaults end up like this though unfortunately. Of course the amount that should have been returning monthly was not being relent and therefore the rate is probably nearer 10% but not bad none the less.
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r00lish67
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Post by r00lish67 on Oct 21, 2018 18:44:32 GMT
Mrs Aju got a nice little surprise this week one of her defaults in the Invest side suddenly paid up all 92% of the debt outstanding since June 2017 when they stopped payments. It was a D Mkt loan of £2000 (Mrs Aju had £10 skin in it) to pay off credit cards over 5 years @21.88%. The final outcome for £10 loan was 2.29 interest for essentially a 26 month loan. According to the comments field the loan was under a Trust Deed. Anyway thats a good result for her, not all defaults end up like this though unfortunately. Of course the amount that should have been returning monthly was not being relent and therefore the rate is probably nearer 10% but not bad none the less. Thanks for prompting me to check, looks like I benefited from that too. Turns my negative % Zopa+ return into positive, it's a start 
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aju
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Post by aju on Oct 21, 2018 19:52:59 GMT
Mrs Aju got a nice little surprise this week one of her defaults in the Invest side suddenly paid up all 92% of the debt outstanding since June 2017 when they stopped payments. It was a D Mkt loan of £2000 (Mrs Aju had £10 skin in it) to pay off credit cards over 5 years @21.88%. The final outcome for £10 loan was 2.29 interest for essentially a 26 month loan. According to the comments field the loan was under a Trust Deed. Anyway thats a good result for her, not all defaults end up like this though unfortunately. Of course the amount that should have been returning monthly was not being relent and therefore the rate is probably nearer 10% but not bad none the less. Thanks for prompting me to check, looks like I benefited from that too. Turns my negative % Zopa+ return into positive, it's a start happy to oblige ...
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Post by p2psavvy on Oct 29, 2018 18:02:37 GMT
Another month of losses looms. I think the "Understanding Your Returns" video should be renamed to understanding your "Losses". Seven out of the ten months this year have been losses.
Zopa are still telling my projected return is 5.1%. Total fantasy!
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jeremy12
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Everything's frozen
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Post by jeremy12 on Oct 29, 2018 19:59:45 GMT
That is a poor state of affairs, I wonder if someone was perfectly diversified in all zopa loans that they would achieve the current stated rate of around 5.2%
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aju
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Post by aju on Oct 30, 2018 0:10:48 GMT
Another month of losses looms. I think the "Understanding Your Returns" video should be renamed to understanding your "Losses". Seven out of the ten months this year have been losses. Zopa are still telling my projected return is 5.1%. Total fantasy! So it's not quite as bad as this for me, however Mrs Aju is down to 3.25% XIRR on her ISA since April - She's 10% Plus, 15% Classic and 75% Core. Her last 7 months defaults by value gave the following losses relative to the interest received. Each value = ( -Default Amount / IntRecvd ). Apr -22% May -10% Jun -59% Jul -56% Aug -26% Sep -7% Oct -63% (Only valid to today 29th Oct) The minus figures are simply a result of the default being recorded as deduction in my tables. So essentially She's still up, with Jun and Oct the worst months. There are defaults every month as well too. I should point out though that she has been redirecting returned Invest side funds to the ISA side since July - although that was turned off at end of Sep. It should improve to a degree over the next 2 months as she has also transferred a fair sized ISA from external as well this month that will start generating interest - we are still adding it in £10 loans as I write this. although the Core side queue seems to have slowed down quite a bit for us too.
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trium
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Post by trium on Oct 30, 2018 8:53:52 GMT
Another month of losses looms. I think the "Understanding Your Returns" video should be renamed to understanding your "Losses". Seven out of the ten months this year have been losses. Zopa are still telling my projected return is 5.1%. Total fantasy! So it's not quite as bad as this for me, however Mrs Aju is down to 3.25% XIRR on her ISA since April - She's 10% Plus, 15% Classic and 75% Core. Her last 7 months defaults by value gave the following losses relative to the interest received. Each value = ( -Default Amount / IntRecvd ). Apr -22% May -10% Jun -59% Jul -56% Aug -26% Sep -7% Oct -63% (Only valid to today 29th Oct) The minus figures are simply a result of the default being recorded as deduction in my tables. So essentially She's still up, with Jun and Oct the worst months. There are defaults every month as well too. I should point out though that she has been redirecting returned Invest side funds to the ISA side since July - although that was turned off at end of Sep. It should improve to a degree over the next 2 months as she has also transferred a fair sized ISA from external as well this month that will start generating interest - we are still adding it in £10 loans as I write this. although the Core side queue seems to have slowed down quite a bit for us too. My figures are significantly worse - mostly Plus with residual Classic winding down (10% to 7% over period): Apr -50.5% May -68.2% Jun -50.2% Jul -48.7% Aug -58.5% Sep -64% Oct to date 93.36% As you can see, this month is the worst yet, just when I was hoping to see signs that the worst is over. Another statistic I keep is my overall XIRR for the last 52 weeks, updated weekly. This peaked at 6% when the Plus effect started to kick in (enhanced rates and no defaults - yet!) but has steadily fallen to last week's record low of 2.9% and still falling. 5.1% my *rse!
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Post by p2psavvy on Oct 30, 2018 12:31:26 GMT
This is Zopa Plus, I assume. What is your (p2psavvy) IRR over the total length of your investment? Currently 3.54% and dropping every month. I invest in a number of p2p platforms and, based on the original 6.4% projected by Zopa, had planned on investing my usual £100k platform limit. It was clear after the first few months that the projected rate would be highly unlikely so I stopped investing at just £10K in. I have been drawing down since April last year. I find the "Projected Return" concept misleading. I would not have considered Zopa without the 6.4% original figure as my P2P lower acceptable return rate is 6%. At the current rate of 3.54%, and dropping, the risk is just not acceptable. Only the tiniest economic downtown and subsequent increase in defaults would lead to overall loss with such a tight margin.
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zlb
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Post by zlb on Nov 2, 2018 19:39:41 GMT
Deficit in October. Not impressed.
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Post by nutfield on Nov 3, 2018 14:28:35 GMT
I think Zopa have taken their eye off the ball and are taking us for mugs!
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Post by fishyhooky on Nov 3, 2018 15:10:04 GMT
3 days into November and I already have more in defaults than income in my Investing account
Interest £15.76
Defaults -£21.18
My ISA though is in positive territory
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Greenwood2
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Post by Greenwood2 on Nov 3, 2018 15:11:16 GMT
Unless everyone on the forum is fairly unlucky rates are not where they should be. On average I'm about 1% down on projected, well over the 'after 18 months it will be on target' target. May be the lenders getting better rates don't bother to post?
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Post by erniec on Nov 3, 2018 15:15:29 GMT
3 days into November and I already have more in defaults than income in my Investing account
Interest £15.76
Defaults -£21.18
My ISA though is in positive territory Given a larger proportion of loans are due on the 1st of any month, surely it is logical that defaults would tend to occur early as well?
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