blender
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Post by blender on Jul 4, 2018 14:29:16 GMT
'02 Jul 2018
The non- Bankrupt Personal Guarantor is still remaining unresponsive'
Let's give credit for some good news occasionally, rather than moan about those poor borrowers who are unfortunate enough to cease trading before the first repayment. So it's good to hear that one of the personal guarantors on this defaulted loan is not yet bankrupt. Really positive stuff. Remaining unresponsive probably means that he/she is on a long holiday, and will deal with it among a pile of post when they get back. Unresponsive is definitely not in the sense of the Norwegian Blue, or anything like that.
Does anyone else have anything positive to say? No griping or whinging on this thread, please.
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lucky
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Post by lucky on Jul 4, 2018 14:39:53 GMT
'02 Jul 2018
The non- Bankrupt Personal Guarantor is still remaining unresponsive'
Let's give credit for some good news occasionally, rather than moan about those poor borrowers who are unfortunate enough to cease trading before the first repayment. So it's good to hear that one of the personal guarantors on this defaulted loan is not yet bankrupt. Really positive stuff. Remaining unresponsive probably means that he/she is on a long holiday, and will deal with it among a pile of post when they get back. Unresponsive is definitely not in the sense of the Norwegian Blue, or anything like that.
Does anyone else have anything positive to say? No griping or whinging on this thread, please.
Errrrr——-it’s sunny 😎
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Post by Ace on Jul 4, 2018 20:59:35 GMT
'02 Jul 2018
The non- Bankrupt Personal Guarantor is still remaining unresponsive'
Let's give credit for some good news occasionally, rather than moan about those poor borrowers who are unfortunate enough to cease trading before the first repayment. So it's good to hear that one of the personal guarantors on this defaulted loan is not yet bankrupt. Really positive stuff. Remaining unresponsive probably means that he/she is on a long holiday, and will deal with it among a pile of post when they get back. Unresponsive is definitely not in the sense of the Norwegian Blue, or anything like that.
Does anyone else have anything positive to say? No griping or whinging on this thread, please.
We did quite well in the footy! 
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Post by captainconfident on Jul 4, 2018 22:38:53 GMT
I found that pen I thought I'd lost.
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Post by Butch Cassidy on Jul 5, 2018 7:12:56 GMT
My last 5 FC comments have all been pretty positive;
36005 (default) - A recovery payment has been received and will be distributed today, 16210 (default) - A recovery payment has been received and will be distributed today, 4004 (default) - A recovery payment has been received and will be distributed today, 18393 (default) - A recovery payment has been received and will be distributed today. Because the amount was so small, not all investors will have received a payment as we cannot distribute less than £0.01 and payments are distributed to investors proportionately. 3778 (Late) - A monthly payment has been received and will be distributed to investors.
My loans were all manually selected & subject to periodic weeding out of weaklings so I accept might provide a slightly better picture than the loanbook overall. FC is one of the few platforms where PG's are treated seriously IMO.
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benaj
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Post by benaj on Jul 5, 2018 8:49:54 GMT
My last 5 FC comments have all been pretty positive;
36005 (default) - A recovery payment has been received and will be distributed today, 16210 (default) - A recovery payment has been received and will be distributed today, 4004 (default) - A recovery payment has been received and will be distributed today, 18393 (default) - A recovery payment has been received and will be distributed today. Because the amount was so small, not all investors will have received a payment as we cannot distribute less than £0.01 and payments are distributed to investors proportionately. 3778 (Late) - A monthly payment has been received and will be distributed to investors.
My loans were all manually selected & subject to periodic weeding out of weaklings so I accept might provide a slightly better picture than the loanbook overall. FC is one of the few platforms where PG's are treated seriously IMO. So you’ve stopped investing with the blackbox after Sept 18 2017?
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Post by Butch Cassidy on Jul 5, 2018 8:59:36 GMT
Yes - I believe that I can make better investment decisions with my money than any AI/black box solution. I did significantly increase my manual investment prior to Sept 2017 but over those subsequent 9 months my return has been just 1.5% (2% annualised) against my FC long term 5 years+ average of over 10%; so my own experience suggests that default rates have risen, due largely to a fall in loan quality, long term recovery rates are at too early a stage to have much impact yet.
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Post by GentlemansFamilyFinances on Jul 18, 2018 11:52:26 GMT
I am seeing good monthly reductions in bad debt - and not so much in the way of new bad debts this year at all.
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Post by GentlemansFamilyFinances on Jul 19, 2018 9:42:44 GMT
add in another £2.31 of bad debt repaid since the weekend - a further reduction in bad debt may make the Self-Assessment a bit more fun this year.  |
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bg
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Post by bg on Jul 19, 2018 10:37:53 GMT
I am seeing good monthly reductions in bad debt - and not so much in the way of new bad debts this year at all. What you really want to be monitoring is your level of processing, late and downgraded loans. This will give you a better indication of future bad debts (which always operate on a large lag)
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Post by GentlemansFamilyFinances on Jul 19, 2018 10:42:25 GMT
Agreed that looking at the loan book for processing, late etc... is one way to do it.
It takes a bit of time though - and the bed debt and recoveries is a more concrete number which is what really matters at the end of the day.
(I count all late loans as bad debt anyway - so that I don't end up with an overestimation or money/returns).
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blender
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Post by blender on Jul 19, 2018 11:01:07 GMT
Assuming you are fully 'invested' another good and simple way to monitor is just to go to the sell page and note the figure of loans which can currently be sold - and compare with what you put in. You can correct for available funds and accrued interest if you wish. I find it quite scary.
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Post by GentlemansFamilyFinances on Jul 19, 2018 11:04:56 GMT
that's what i typically do - since I don't want to spend too much time on the FC website now the lending is automatic.
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Post by pmac67 on Jul 25, 2018 22:10:48 GMT
I have money trickling in each month from my legacy account <bad debt only> Not much, but more than the interest I get from Ly each month and I have 3 times the amount invested in Ly !
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Post by steamer on Aug 1, 2018 12:43:48 GMT
The good news is that by the end of July I have made a very very small net profit this financial year having had a net loss up till now.
That on 12k spread over 660 loans. One more default and in 4 months the sum lost will have exceeded the highest level ever over 12 months in previous years.
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