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Post by alazon on Jul 2, 2018 5:29:13 GMT
Almost at the end. I decided back in January 2018, after loosing more than I could accept to bad debts, to withdraw from Zopa. So I started the withdrawal process, and so, for those of us with nothing better to do, this is how it's gone: | At end of: | Interest | Early Adopter
Bonus | Debt Recovery | Defaults | Selling Fees | Income | Withdrawal
| | December 2017 | 1063.22 | 75.25 | 7.02 | – 582.71 |
| 562.78 |
| | January 2018 | 1149.59 | 80.09 | 31.7 | – 516.31 |
| 745.07 | 9,900
| | February 2018 | 908.08 | 61.5 | 8.61 | – 469.27 | – 163.45 | 318.47 | 23,413.44
| | March 2018 | 603.33 | 2.35 | 11.29 | – 604.2 | – 1,993.03 | –1,980.26 | 142,905.03
| | April 2018 | 45.16 | 1.5 | 12.09 | – 846.81 | – 22.26 | –810.32 | 0 | | May 2018 | 32.04 | 1.14 | 14.75 | – 503.15 | – 4.09 | –459.31 | 0 | June 2018
| 25.59
| 0.72
| 6.85
| – 325.29
| – 1.21
| –310.34
| 1,848.35
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So, in summary, since the beginning of this year I’ve lost £3,265.03 to bad debt. Yes I have been making a profit, but just a shadow of its former self; and last year I lost 39.5% of income to bad debt giving an overall income of around 4.35%. Getting out of Zopa has cost me selling fees of £2,184.04 to withdraw £178,066.82, which = 1.226%, a little over the advertised 1% admin fee. Now I have around 2K left which I expect to abandon, and if the level of money lost to debt continues at the same rate I suppose in about six months I'll end up owing Zopa (cynical laugh). However, every time Zopa tell me my loan sale is complete, I try again and a little more of my investment crawls its miserable way into 'holding', before being whisked to the safety of my bank. The recovered funds have been invested elsewhere at between 9.5% - 12.5% (average 10.8%) and with a company that has yet to lose one penny to bad debt; and since February has produced an income of just over £3,000. Much loss has been recovered. Who?, well I'd like to tell you but I guess that would be touting, so if you want to know send me a pm, (even this might be touting, if so apologies). |
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aju
Member of DD Central
Posts: 3,489 
Likes: 920
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Post by aju on Jul 2, 2018 7:59:22 GMT
Very interesting figures. I'm interested where this was invested percentage wise. Invest vs ISA, plus,classic,access,presafeguard etc.
Thanks for sharing this info
Personally i would be happy with 4.35% and i think i am getting near that at the moment too. I have a mix of sg against other and my plus is 20% with 80% other although i have quite a bit sg still. I have no plans to leave zopa its wild world out there and my needs of covering inflation tax and a bit on top are still being met. Mind you if zopa screws up the platform changes further than the past month or especially the moves to the new platform then that may change quite soon!.
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benaj
Member of DD Central
Posts: 4,981
Likes: 1,623
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Post by benaj on Jul 2, 2018 8:24:08 GMT
Almost at the end. I decided back in January 2018, after loosing more than I could accept to bad debts, to withdraw from Zopa. So I started the withdrawal process, and so, for those of us with nothing better to do, this is how it's gone: | At end of: | Interest | Early Adopter
Bonus | Debt Recovery | Defaults | Selling Fees | Income | Withdrawal
| | December 2017 | 1063.22 | 75.25 | 7.02 | – 582.71 |
| 562.78 |
| | January 2018 | 1149.59 | 80.09 | 31.7 | – 516.31 |
| 745.07 | 9,900
| | February 2018 | 908.08 | 61.5 | 8.61 | – 469.27 | – 163.45 | 318.47 | 23,413.44
| | March 2018 | 603.33 | 2.35 | 11.29 | – 604.2 | – 1,993.03 | –1,980.26 | 142,905.03
| | April 2018 | 45.16 | 1.5 | 12.09 | – 846.81 | – 22.26 | –810.32 | 0 | | May 2018 | 32.04 | 1.14 | 14.75 | – 503.15 | – 4.09 | –459.31 | 0 | June 2018
| 25.59
| 0.72
| 6.85
| – 325.29
| – 1.21
| –310.34
| 1,848.35
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So, in summary, since the beginning of this year I’ve lost £3,265.03 to bad debt. Yes I have been making a profit, but just a shadow of its former self; and last year I lost 39.5% of income to bad debt giving an overall income of around 4.35%. Getting out of Zopa has cost me selling fees of £2,184.04 to withdraw £178,066.82, which = 1.226%, a little over the advertised 1% admin fee. Now I have around 2K left which I expect to abandon, and if the level of money lost to debt continues at the same rate I suppose in about six months I'll end up owing Zopa (cynical laugh). However, every time Zopa tell me my loan sale is complete, I try again and a little more of my investment crawls its miserable way into 'holding', before being whisked to the safety of my bank. The recovered funds have been invested elsewhere at between 9.5% - 12.5% (average 10.8%) and with a company that has yet to lose one penny to bad debt; and since February has produced an income of just over £3,000. Much loss has been recovered. Who?, well I'd like to tell you but I guess that would be touting, so if you want to know send me a pm, (even this might be touting, if so apologies). I have 2 collections and 1 arrangement left in the zopa plus. The truth is, apart from lower expected return, I haven’t lost a penny in p2plending yet on paper, including Zopa. The only platform I lost money on paper is not even p2plending, (£10 loss at the moment with that platform) I did wonder the alternative return if I had put all eggs in one basket with those 10%+ platform.
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Post by alazon on Jul 2, 2018 9:17:56 GMT
Very interesting figures. I'm interested where this was invested percentage wise. Invest vs ISA, plus,classic,access,presafeguard etc. Thanks for sharing this info Personally i would be happy with 4.35% and i think i am getting near that at the moment too. I have a mix of sg against other and my plus is 20% with 80% other although i have quite a bit sg still. I have no plans to leave zopa its wild world out there and my needs of covering inflation tax and a bit on top are still being met. Mind you if zopa screws up the platform changes further than the past month or especially the moves to the new platform then that may change quite soon!. My money was in Classic, PreSafeguard, Plus and Core; no ISA. The amounts will not mean much because of the withdrawals, but, as you can guess from size of the defaults, most (around 80%) was in Plus; I was persuaded by Zopa to transfer to Plus when it was first launched.
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james21
Member of DD Central
Posts: 651
Likes: 669
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Post by james21 on Jul 2, 2018 9:31:32 GMT
Almost at the end. I decided back in January 2018, after loosing more than I could accept to bad debts, to withdraw from Zopa. So I started the withdrawal process, and so, for those of us with nothing better to do, this is how it's gone: | At end of: | Interest | Early Adopter
Bonus | Debt Recovery | Defaults | Selling Fees | Income | Withdrawal
| | December 2017 | 1063.22 | 75.25 | 7.02 | – 582.71 |
| 562.78 |
| | January 2018 | 1149.59 | 80.09 | 31.7 | – 516.31 |
| 745.07 | 9,900
| | February 2018 | 908.08 | 61.5 | 8.61 | – 469.27 | – 163.45 | 318.47 | 23,413.44
| | March 2018 | 603.33 | 2.35 | 11.29 | – 604.2 | – 1,993.03 | –1,980.26 | 142,905.03
| | April 2018 | 45.16 | 1.5 | 12.09 | – 846.81 | – 22.26 | –810.32 | 0 | | May 2018 | 32.04 | 1.14 | 14.75 | – 503.15 | – 4.09 | –459.31 | 0 | June 2018
| 25.59
| 0.72
| 6.85
| – 325.29
| – 1.21
| –310.34
| 1,848.35
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So, in summary, since the beginning of this year I’ve lost £3,265.03 to bad debt. Yes I have been making a profit, but just a shadow of its former self; and last year I lost 39.5% of income to bad debt giving an overall income of around 4.35%. Getting out of Zopa has cost me selling fees of £2,184.04 to withdraw £178,066.82, which = 1.226%, a little over the advertised 1% admin fee. Now I have around 2K left which I expect to abandon, and if the level of money lost to debt continues at the same rate I suppose in about six months I'll end up owing Zopa (cynical laugh). However, every time Zopa tell me my loan sale is complete, I try again and a little more of my investment crawls its miserable way into 'holding', before being whisked to the safety of my bank. The recovered funds have been invested elsewhere at between 9.5% - 12.5% (average 10.8%) and with a company that has yet to lose one penny to bad debt; and since February has produced an income of just over £3,000. Much loss has been recovered. Who?, well I'd like to tell you but I guess that would be touting, so if you want to know send me a pm, (even this might be touting, if so apologies). Mirrors my own experiences though my investment was a fraction of yours; got out a year ago
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Post by portlandbill on Jul 2, 2018 11:17:48 GMT
Almost at the end. I decided back in January 2018, after loosing more than I could accept to bad debts, to withdraw from Zopa. So I started the withdrawal process, and so, for those of us with nothing better to do, this is how it's gone: | At end of: | Interest | Early Adopter
Bonus | Debt Recovery | Defaults | Selling Fees | Income | Withdrawal
| | December 2017 | 1063.22 | 75.25 | 7.02 | – 582.71 |
| 562.78 |
| | January 2018 | 1149.59 | 80.09 | 31.7 | – 516.31 |
| 745.07 | 9,900
| | February 2018 | 908.08 | 61.5 | 8.61 | – 469.27 | – 163.45 | 318.47 | 23,413.44
| | March 2018 | 603.33 | 2.35 | 11.29 | – 604.2 | – 1,993.03 | –1,980.26 | 142,905.03
| | April 2018 | 45.16 | 1.5 | 12.09 | – 846.81 | – 22.26 | –810.32 | 0 | | May 2018 | 32.04 | 1.14 | 14.75 | – 503.15 | – 4.09 | –459.31 | 0 | June 2018
| 25.59
| 0.72
| 6.85
| – 325.29
| – 1.21
| –310.34
| 1,848.35
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So, in summary, since the beginning of this year I’ve lost £3,265.03 to bad debt. Yes I have been making a profit, but just a shadow of its former self; and last year I lost 39.5% of income to bad debt giving an overall income of around 4.35%. Getting out of Zopa has cost me selling fees of £2,184.04 to withdraw £178,066.82, which = 1.226%, a little over the advertised 1% admin fee. Now I have around 2K left which I expect to abandon, and if the level of money lost to debt continues at the same rate I suppose in about six months I'll end up owing Zopa (cynical laugh). However, every time Zopa tell me my loan sale is complete, I try again and a little more of my investment crawls its miserable way into 'holding', before being whisked to the safety of my bank. The recovered funds have been invested elsewhere at between 9.5% - 12.5% (average 10.8%) and with a company that has yet to lose one penny to bad debt; and since February has produced an income of just over £3,000. Much loss has been recovered. Who?, well I'd like to tell you but I guess that would be touting, so if you want to know send me a pm, (even this might be touting, if so apologies). I sooo hope it's not Lendy, for your sake.
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r00lish67
Member of DD Central
Posts: 2,691
Likes: 4,048
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Post by r00lish67 on Jul 2, 2018 11:35:08 GMT
Who?, well I'd like to tell you but I guess that would be touting, so if you want to know send me a pm, (even this might be touting, if so apologies). I sooo hope it's not Lendy, for your sake. I'll take a punt on it being Proplend.
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Post by alazon on Jul 2, 2018 11:47:04 GMT
I sooo hope it's not Lendy, for your sake. No, I've read too much about them on these boards 
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aju
Member of DD Central
Posts: 3,489
Likes: 920
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Post by aju on Jul 2, 2018 11:50:02 GMT
Very interesting figures. I'm interested where this was invested percentage wise. Invest vs ISA, plus,classic,access,presafeguard etc. Thanks for sharing this info Personally i would be happy with 4.35% and i think i am getting near that at the moment too. I have a mix of sg against other and my plus is 20% with 80% other although i have quite a bit sg still. I have no plans to leave zopa its wild world out there and my needs of covering inflation tax and a bit on top are still being met. Mind you if zopa screws up the platform changes further than the past month or especially the moves to the new platform then that may change quite soon!. My money was in Classic, PreSafeguard, Plus and Core; no ISA. The amounts will not mean much because of the withdrawals, but, as you can guess from size of the defaults, most (around 80%) was in Plus; I was persuaded by Zopa to transfer to Plus when it was first launched. Oh I see the direct opposite of mine I guess. Like you though I have had a fair share of defaults in the invest since mid last year, many on here will already know I have been trying to limit loans to £10 a piece, not easy as its just taken over 2 months to lend just over 17k of an ISA transfer in. Again 20% Z+ 80% other. I have picked up quite a bit of SG though on the core proposition. I was musing wiht Zopa the other day on this and its something they are keen to reduce the diversification of 1% but they are aware that the lend rate will not be favourable to many. Of course if they had not removed the SG then that would have been less of an issue. My plan with the £10 loans does mean I get a lot more defaults but at least they are limited to £10 at a time. There are certain areas of thought that suggest resistance is futile and I'm probably beating my head against brick wall. Who knows but as I said earlier if I can beat inflation and also get a bit extra on the top then I'd be happy, i'll know better in a couple of years time I guess and by that time it will either be a result or it will have l'll gone pear shaped.
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aju
Member of DD Central
Posts: 3,489
Likes: 920
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Post by aju on Jul 2, 2018 11:53:04 GMT
I sooo hope it's not Lendy, for your sake. No, I've read too much about them on these boards Why won't you reveal all, can;t see what touting it might be unless you are not declaring your allegiance with a specific platform ;-) If not then what is touting about it unless you are copying this thread on the borrowers forum! I promise not to pay you any winnings I get ....
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,979
Likes: 11,200
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Post by ilmoro on Jul 2, 2018 12:22:18 GMT
Who?, well I'd like to tell you but I guess that would be touting, so if you want to know send me a pm, (even this might be touting, if so apologies). Its not touting if you arent making a financial gain from the 'touting' ie no referral links or you are not an employee/owner.
There is nothing wrong if you are independent party going hey anyone used Lendy, Im getting 9.5-12% and made 3k with no losses. (assuming its true)
[Before you all jump in, there is plenty wrong with that statement, its just an example]
So don your steel helmet, hold up your trusty shield and share ... and then fend off the inevitable brickbats as everyone disagrees 
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Post by alazon on Jul 3, 2018 2:26:37 GMT
No, I've read too much about them on these boards Why won't you reveal all, can;t see what touting it might be unless you are not declaring your allegiance with a specific platform ;-) If not then what is touting about it unless you are copying this thread on the borrowers forum! I promise not to pay you any winnings I get .... I didn’t say who the lender was because some people get picky and confrontational, and maybe would claim that the Zopa board should be only for Zopa stuff. But here goes (the PMs already have some of this): The company is estateguru.co a somewhat strange name, but there it is. There is a board on ‘P2x sites dealing mainly in EUR investments’ but it’s not very active, which is probably a good sign as most activity is based on complaints/problems of one sort or another. In fact the last activity was mine asking a ‘newbie’ question. p2pindependentforum.com/board/71/estateguru The deal is: they lend money for Real Estate projects and (unlike some other lending companies) they require security; all loans are backed with a mortgage and a credit check. Only companies registered in, and with a bank account in, Estonia, Latvia, Lithuania, Finland, Spain and Ireland can currently borrow through EstateGuru (but they have a London office so I expect they will open ops in the UK one day). Loans are in € so there will be an exchange rate cost when you transfer funds back to the UK (unless you go to live in the beauty and spotless tranquillity of central France  ). You can lend by choosing a project yourself, or there is an ‘auto-lending’ facility, where you set the criteria (amount, type of loan, etc.). I tried this for a while and it works really well, but found I preferred to feel I had some control, so I choose the projects I want to invest in (minimum € 50). So far I have 41 projects on the go, + one completed early. There were two that failed to get off the ground so my investment was returned along with some compensation for the time my capital was tied up―around 1% for a 'loan' of four weeks. What is my relation to the company? Well, I’m not a borrower, and I'm not employed by them, but I have invested with them, so it’s to my advantage if they perform well. And, as you may guess they have a ‘persuade people to join thing’ and if you register and mention my referral code (sent by pm) you get an extra ½% on your investments during the first 3 months, and I get an extra ½% on my next 3 month’s investments. FAQs here estateguru.co/faq/faqIncome since March = 1.3%, but this is the interest only on monthly repayment loans; 17/41 of my loans will be repaid as interest + capital at the end of their term (12 or 18 months), and some recent loans have not yet arrived at their first repayment date. Comments, Questions ?
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aju
Member of DD Central
Posts: 3,489
Likes: 920
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Post by aju on Jul 3, 2018 7:43:47 GMT
Thanks its not really for me but interesting none the less.
I'm sure someone will be along soon to wave the red flag but to be honest you are not happy with zopas performance you have found something that you are happy with so i dont see its not zopa related and whilst its not for me others will definitely find it is after they have checked it out. After all if it gets some traction it will get its own board soon.
Hope it goes well for you,
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).