If you were raking in £500 an hour, how quick would you be to sell off the entire loanbook and make yourself obsolete? They will handle the redemption of the less problematic loans, collect their £500 an hour + 2.5% of the recovered amount + VAT, and flog the more problematic loans such as this one to someone else. Can you really blame them for behaving perfectly rationally and adhering to the 80/20 rule?
I would bite off your hand for a 50% return on the outstanding capital ! Especially if it could bring a quick and easy resolution to this situation.
A bit different view if 50% = £50 and 50%=£100000
I imagine it's squeaky bum time for you with no SM to palm off all your guff loans too!!
I imagine it's squeaky bum time for you with no SM to palm off all your guff loans too!!
Luckily I didn’t invest in the non property loans for more than a couple of months before I sold them. There are still very few loans that have had an actual capital loss in any sector.
I imagine it's squeaky bum time for you with no SM to palm off all your guff loans too!!
Luckily I didn’t invest in the non property loans for more than a couple of months before I sold them. There are still very few loans that have had an actual capital loss in any sector.
Luckily I didn’t invest in the non property loans for more than a couple of months before I sold them. There are still very few loans that have had an actual capital loss in any sector.
Typical punter never backs a loser
Please.........Please........don't start him off again
I imagine it's squeaky bum time for you with no SM to palm off all your guff loans too!!
Luckily I didn’t invest in the non property loans for more than a couple of months before I sold them. There are still very few loans that have had an actual capital loss in any sector.
Frankly I'll be astounded if you're the only one who falls in this big barrel of manure and comes up smelling of roses and yet you still seem incredibly confident of a decent return. Fair play I guess but I think eventually you'll be in for a nasty surprise if your level of exposure on FS was what it was when you last divulged that sort of information.
There are still very few loans that have had an actual capital loss in any sector.
not in my loan book - but I am clearly pretty thick and a poor investor - although I did ditch most of my FS holding and even with a 100% loss on the zombie loan book my losses will be 3 figures - not pleased but could have been a lot worse!
I have just looked at the Collateral forum; seems to be on track for a MASSIVE loss and still no money after 2 years - happy to be corrected if I am wrong...
Luckily I didn’t invest in the non property loans for more than a couple of months before I sold them. There are still very few loans that have had an actual capital loss in any sector.
Frankly I'll be astounded if you're the only one who falls in this big barrel of manure and comes up smelling of roses and yet you still seem incredibly confident of a decent return. Fair play I guess but I think eventually you'll be in for a nasty surprise if your level of exposure on FS was what it was when you last divulged that sort of information.
There are failures but currently and since administration there have been few capital losses not my figures just the facts. If the Coronavirus had the same outcome as the fantasy figures given here the the world will end.
Please, Please , Please prove me wrong with loss statistics on actual repaid loans.
I suspect we will just get the usual there “is potentially loss” I’m happy to continue to get full repayment of capital plus some interest as has been the case in the vast majority of loans repaid since Administration began and before that under FS management.
Please, Please , Please prove me wrong with loss statistics on actual repaid loans.
I suspect we will just get the usual there “is potentially loss” I’m happy to continue to get full repayment of capital plus some interest as has been the case in the vast majority of loans repaid since Administration began and before that under FS management.
godanubis, you sound like the man who is falling from the top of a very tall building and as he passes each floor on the way down people hear him say "So far, so good", "So far, so good" ...
Let's see where we are in a year or two. [You're a deity so presumably you would be alright falling off a tall building.]
Please, Please , Please prove me wrong with loss statistics on actual repaid loans.
I suspect we will just get the usual there “is potentially loss” I’m happy to continue to get full repayment of capital plus some interest as has been the case in the vast majority of loans repaid since Administration began and before that under FS management.
godanubis, you sound like the man who is falling from the top of a very tall building and as he passes each floor on the way down people hear him say "So far, so good", "So far, so good" ...
Let's see where we are in a year or two. [You're a deity so presumably you would be alright falling off a tall building.]
Exactly if you care to look at what I have said is wait a minimum of two years from the end of a loan term for property and that was when
things were "Normal" . Administration will add probably 12 months to that. There are loans repaying fully nearly on time and some loans are not due for a while.
There always will be be underperforming loans very very few if any first charge loans have paid back the 25% capital that is put forward here as an overall figure. Now even their new poster boy loan for disaster "the Granary" was not as bad as thought.
I'm a scientist give me the facts to prove a theory and I will agree.
When I reach the bottom and I look at FS from when I started there will be a pile of capital and interest to break my fall.
There are still very few loans that have had an actual capital loss in any sector.
not in my loan book - but I am clearly pretty thick and a poor investor - although I did ditch most of my FS holding and even with a 100% loss on the zombie loan book my losses will be 3 figures - not pleased but could have been a lot worse!
I have just looked at the Collateral forum; seems to be on track for a MASSIVE loss and still no money after 2 years - happy to be corrected if I am wrong...
Well try S&S £1000 in PREM this week would have made £200+ in a day. I think in the last month each 1K bought and sold a few times made 1K+. Once you have that you can then afford to play with the profit in the more risky P2P with very low comparitive returns.
P2P should be a small part and should even if a loss be lost by overall profit.
Luckly never had any great worries as to worry is a waste of sanity. If you can do something then do it. If you can't then accept it and learn.
If someone you care for is perhaps reported injured in an acccident and you don't know how bad and you can't do anything but insist on knowing from the start. You spend time worrying which then affects you, They are actually only slightly injured and fully recover.
If instead you get told after the fact everybody is fine and you will not have been affected which might have caused you to be distracted and caused some other disaster.
Knowing things without the full facts is dangerous. As I admit has been the case with some loans here and look at the conniption those have caused.