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Post by captainb on May 3, 2018 19:01:27 GMT
This is ridiculous. Loans are defaulting daily. FC cannot wait to give unsecured loans out. Very unprofessional in my view.
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adrian77
Member of DD Central
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Post by adrian77 on May 4, 2018 16:57:16 GMT
totally agree but which is more important lenders' money or FC profits and flotation - answers on a digital postcard...
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Post by captainb on May 5, 2018 10:55:44 GMT
We say yes every 5 seconds. :-)
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ashtondav
Member of DD Central
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Post by ashtondav on May 5, 2018 15:43:28 GMT
I’m in both the p2p and the F.C. Investment trust. I’ve had a better return on the IT, 6% iinterest and 7% share price growth.
TBH, the IT would not be on a premium if F.C. were throwing money at every bankrupt firm they could find! Oh, and I can assure you professional investors will look at the quality as well as the size of the loan book. Now that won’t mean defaults won’t increase as we must be nearer rather than farther from the next recession.
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Post by captainb on May 12, 2018 19:17:34 GMT
F.C. have made another recovery. As it is proportional, some investors will not benefit as their allocation is less than 1p and they can,t credit less than one penny to the account. Oh and there's some more defaults and a bankrupt guarantor.
I might be better investing in lottery tickets!
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Post by captainb on Jun 17, 2018 19:15:07 GMT
My net losses are greater than my earnings with 455 loans. Is this typical?
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lucky
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Post by lucky on Jun 17, 2018 19:43:43 GMT
My net losses are greater than my earnings with 455 loans. Is this typical? I honestly think it’s luck of the draw, opened a ISA with F.C. 6 months ago and it’s going really well at the moment, over £900.00 interest and just one default of just under £3.00, that will undoubtedly change as time passes.
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Post by captainb on Jun 17, 2018 21:28:08 GMT
My net losses are greater than my earnings with 455 loans. Is this typical? I honestly think it’s luck of the draw, opened a ISA with F.C. 6 months ago and it’s going really well at the moment, over £900.00 interest and just one default of just under £3.00, that will undoubtedly change as time passes. Jeezus l must be very unlucky. I think I,ll pull out.
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Post by wangja on Jun 17, 2018 23:56:09 GMT
My net losses are greater than my earnings with 455 loans. Is this typical? Not sure: I've been here about 5 years, only small amounts and currently 271 loans, and from my gross interest to date my net interest to date is but 30% of the gross. Each week, the total value seems to slip a further notch down.
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bg
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Post by bg on Jun 18, 2018 6:52:24 GMT
My net losses are greater than my earnings with 455 loans. Is this typical? I honestly think it’s luck of the draw, opened a ISA with F.C. 6 months ago and it’s going really well at the moment, over £900.00 interest and just one default of just under £3.00, that will undoubtedly change as time passes. Yes but the real question is, how many of your loans are either processing, late or downgraded? That will give you a much better indication of the state of your loan book after 6 months (FC don't make it easy to see this information).
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lucky
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Post by lucky on Jun 18, 2018 7:50:53 GMT
I honestly think it’s luck of the draw, opened a ISA with F.C. 6 months ago and it’s going really well at the moment, over £900.00 interest and just one default of just under £3.00, that will undoubtedly change as time passes. Yes but the real question is, how many of your loans are either processing, late or downgraded? That will give you a much better indication of the state of your loan book after 6 months (FC don't make it easy to see this information). Currently one default, four late and four processing.
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ashtondav
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Post by ashtondav on Jun 18, 2018 8:14:55 GMT
Dashboard shows me earning 7.8%. 800 loans. I think you ought to contact F.C. if you’re making a loss!!!
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lucky
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Post by lucky on Jun 18, 2018 8:36:05 GMT
Dashboard shows me earning 7.8%. 800 loans. I think you ought to contact F.C. if you’re making a loss!!! When you say 7.8% is that Gross yield, Annualised return or Estimated fully diversified ( after fees and bad debts)?
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Greenwood2
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Post by Greenwood2 on Jun 18, 2018 10:09:14 GMT
Dashboard shows me earning 7.8%. 800 loans. I think you ought to contact F.C. if you’re making a loss!!! When you say 7.8% is that Gross yield, Annualised return or Estimated fully diversified ( after fees and bad debts)? None of the headline figures on the dashboard give anywhere near to my current calculations of return. Gross Yield doesn't include bad debt. Annualised return (if it's what I think it is) is historic and too long term (for me) to say anything about the current situation. And the estimated value is, I think, an estimate of what your portfolio might be doing if you experienced their estimated bad debt rates. Really not all that helpful.
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ashtondav
Member of DD Central
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Post by ashtondav on Jun 18, 2018 16:18:33 GMT
When you say 7.8% is that Gross yield, Annualised return or Estimated fully diversified ( after fees and bad debts)? None of the headline figures on the dashboard give anywhere near to my current calculations of return. Gross Yield doesn't include bad debt. Annualised return (if it's what I think it is) is historic and too long term (for me) to say anything about the current situation. And the estimated value is, I think, an estimate of what your portfolio might be doing if you experienced their estimated bad debt rates. Really not all that helpful. What do you mean? The F.C. page quotes that that is my annualised return after ACTUAL fees and bad debt since I started lending at F.C. What else can they quote as my return.
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