ding
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Post by ding on Mar 10, 2018 12:55:41 GMT
There are many things I like about Funding Secure, then we have a list of things I don't - which are well discussed known here. As been mentioned recently the newsletter is rather pointless. One of the FS directors has a marketing background, and he certainly only posts the ego boosting stuff. It would great to see highs/lows in the newsletter and also a graph of defaults/overdue. Rather then asking them to graph it, I thought I would do it myself. Only got limited data but going forward I'll keep it updated. link - gdoc  |
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j1
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Post by j1 on Mar 10, 2018 15:01:36 GMT
Very helpful.
I guess we don't know how much was collected in the defaulted loans?
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ding
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Post by ding on Mar 11, 2018 13:13:52 GMT
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Liz
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Post by Liz on Mar 11, 2018 17:05:48 GMT
I make the live loan book to be around £83m, of which £28m is late or defaulted. Or around a third.
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mariner
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Post by mariner on Mar 11, 2018 17:42:00 GMT
I make the live loan book to be around £83m, of which £28m is late or defaulted. Or around a third. Terrible performance all round from FS Can they turn it around? Very much doubt it, not with the level of staff they have, that is for sure Need to increase their staffing level dramatically As an addendum, they should look to the participants on this forum for staff, perhaps members who are retired? The experience of some members on here would be far superior as to what they would find on the open market Just a thought
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michaelc
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Post by michaelc on Mar 11, 2018 18:26:22 GMT
I make the live loan book to be around £83m, of which £28m is late or defaulted. Or around a third. I'm not sure that is a fair comparison. Take an extreme case, imagine FS took a break in offering new loans for 6 months but still offered one loan on some bling. At that time the only "live" loan would be for the bling, but late and defaulted loans would still be lurking around from previous times. So if you did your calculation on that you might not get a third but 1000s of %. The one ding did backed up by numbers seems to me to be the right set of statistics.
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ding
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Post by ding on Mar 11, 2018 18:57:49 GMT
I make the live loan book to be around £83m, of which £28m is late or defaulted. Or around a third. I'm not sure that is a fair comparison. Take an extreme case, imagine FS took a break in offering new loans for 6 months but still offered one loan on some bling. At that time the only "live" loan would be for the bling, but late and defaulted loans would still be lurking around from previous times. So if you did your calculation on that you might not get a third but 1000s of %. The one ding did backed up by numbers seems to me to be the right set of statistics. It was obvious to me (at least) that the figures are the ones provided by FS. I'll update the first post tomorrow. www.fundingsecure.com/invest-with-us/loan-statisticsLiz is pointing out that FS renew loans and class the renewal as a new loan for their stats which skews the data (this makes them look better then actual). FS don't provide an easy way to work out the renewals vs real new loans. And as some loans renew for more/less and some are merged it wouldn't be a straight forward task to undertake. Which is why I just quoted the FS stats, which are only listed for the last 3 months.
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jj
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Jolly Jammy
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Post by jj on Jun 8, 2018 6:49:17 GMT
Two months into the financial year and my personal stats are 32% of my loans are overdue. It would have looked worst if I had stopped investing in the current loans.
I was expecting around £600 in interest in that time but have only received £20 in two months. Disappointing. 
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technik
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Post by technik on Oct 7, 2018 20:17:45 GMT
Are we expecting updated stats and a newsletter this week?
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technik
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Post by technik on Oct 7, 2018 20:21:10 GMT
Just noticed you've been keeping the graphs up-to-date with the very latest figures ding - thanks very much! |
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Godanubis
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Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
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Post by Godanubis on Oct 8, 2018 0:00:27 GMT
Two months into the financial year and my personal stats are 32% of my loans are overdue. It would have looked worst if I had stopped investing in the current loans.
I was expecting around £600 in interest in that time but have only received £20 in two months. Disappointing. I presume you’re referring to interest actually paid ! The accrued interest should be meeting expectations even if it does take longer to come to fruition 
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cwah
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Post by cwah on Oct 8, 2018 0:14:45 GMT
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mjc
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Post by mjc on Oct 8, 2018 11:16:06 GMT
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technik
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Post by technik on Oct 8, 2018 12:02:37 GMT
To reply to both: Yes, these two threads are both helpful. This one is simply using FS's stats figures for their 'official overview' and for record keeping purposes given 3 months after publishing they disappear from the page. So a good simple summary using the FS quote figures. There is far less scope for debate or conflicting opinions about them, and there is nowhere for a platform to hide if its own stats start showing up issues. The all-active-past-loans thread is more detailed and comprehensive, but brings in elements of analysis which also requires subjective decisions to create. It will be more possible to debate these figures even if they are potentially more useful for forecasting. It is useful to have both separately, otherwise they will become mixed, be repeating data and not as useful as independently.
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technik
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Post by technik on Oct 13, 2018 9:40:18 GMT
dan1 or any other mods - had a quick look on forum rules and not sure what arrangements are to request, but could this thread and possibly the all active and past loans one be pinned? Both give useful details and overall statistics about FS and would make a helpful reference for old and new members. Thanks!
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