My P2P test out

Its interesting to see that each one is relatively similar.

I really only know Zopa so I am very interested in the product/s there that you are invested in. It might be more helpful also if you could give current 12 month return rate rather than last 2 months projected to 12 months as its not really that useful to know a rate based on the last 2 months.Also in Zopa you will have had 4 months of interest at least before defaults started to materialise. Not sure what its like on others but on Zopa its always been more useful to consider the products as a longer term investment. For me the ISA investment is more recent and therefore expected to seem more volatile until is starts to mature with relend turned on usually after about 12-18 month of relend. Of course going forward this may not be the case who knows.

In my case I am in Zopa's

   Plus, classic(discontinued) and Core
   ISA Classic, ISA Core and  ISA Plus.

I too have picked up had quite a few defaults in the last 2-3 months or so but my 12 month projection is rather more like 4% overall for the tax year. My 12 months rate in 2017 was nearer 5% overall again with a number of defaults.

My Plus investments are approx 10% of the rest on each of the Invest and ISA sides and I am also approx 40% covered by SG across the whole which also helps.. The reality though has seen more defaults in the Core than in Plus sides as the investments were higher with the resultant higher proportion of defaults.

The other problem in compiling several years of results is that old adage in investment quarters

"Previous results are not a certain indicator of future results"

(I think its something like that)

The one thing I can say in Zopa over nearly 5 years of larger investment levels is that the interest return rate is reducing over the period. Then the whole systems rates over the period has driven that I guess.

My rates over this period have reduced slightly, but its not clear that defaults have made this any worse as 90% has been covered by the Zopa SG for most of the lending in the period. My real exposure to defaults has been about 10%  of my ordinary investment so it may not be a really a good indicator. I do know though that the defaults that the SG covered were higher than I had expected but not generally higher than Zopa had quoted I think. (D/E markets excepted of course)  

Over the last few months though I have been lending on the unprotected ISA side of Zopa and the defaults have gone up quite a bit but I really have to treat this as a long term rather than a short term investment. My rate projection for the year though is still only slightly affected despite the defaults and many will pay them back eventually (experience so far has been defaults pay back roughly 50% of initial lending.)

On Zopa its clear from the forum that a number of people got very shaken by the defaults and probably have been to eager to get out not realising that they can't get out of a default until its paid up.