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Post by Deleted on Jul 19, 2019 17:40:45 GMT
Yeah I make a net profit. A very small one...
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zlb
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Post by zlb on Jul 21, 2019 10:35:23 GMT
Yeah I make a net profit. A very small one... are you on self select or autoinvest?
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Post by Deleted on Jul 21, 2019 11:41:03 GMT
Hi, I self selected my first IFISA and then auto invested the returns. I make a reasonable profit before defaults and loans in administration and I do believe they will recover money well but I spend a disproportionate amount of time creating a file from many downloads and trying to get the data the same as other platforms for comparison and a meaningful overall total that I de ided to pull out. I mean it will be ages before that happens because nothing seems sell on the secondary market so I haven't bothered with that.
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zlb
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Post by zlb on Jul 21, 2019 13:44:43 GMT
Hi, I self selected my first IFISA and then auto invested the returns. I make a reasonable profit before defaults and loans in administration and I do believe they will recover money well but I spend a disproportionate amount of time creating a file from many downloads and trying to get the data the same as other platforms for comparison and a meaningful overall total that I de ided to pull out. I mean it will be ages before that happens because nothing seems sell on the secondary market so I haven't bothered with that. If you look at the dates of sm listings, the ones that sit around are mostly those being offered lower. If you watch it with newest listed first, the ones at par tend to disappear, not all. Thanks, important to know what is experienced by others.
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zlb
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Post by zlb on Jul 30, 2019 13:40:26 GMT
A Director has left. Does that have implications? "Termination of appointment of Guoyue Huang as a director on 18 July 2019"
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zlb
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Post by zlb on Aug 14, 2019 9:22:36 GMT
Hi, I self selected my first IFISA and then auto invested the returns. I make a reasonable profit before defaults and loans in administration and I do believe they will recover money well but I spend a disproportionate amount of time creating a file from many downloads and trying to get the data the same as other platforms for comparison and a meaningful overall total that I de ided to pull out. I mean it will be ages before that happens because nothing seems sell on the secondary market so I haven't bothered with that. on autoinvest, do you get tiny amounts of a loan? There has recently been a large quantity of tiny loan amounts on the exchange - it hardly seems worth researching the company to invest £7 so I wonder whether they might think about this aspect - if it's all the same person's autoinvest parts then maybe the system should be rolling them into one for the SM.
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zlb
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Post by zlb on Aug 14, 2019 9:24:12 GMT
OK, so a recent borrower is saying that they have listed their borrowing on C2F and Relendex to see which platform delivers the fastest. I don't use Relendex EDIT, I MEAN REBUILDING SOCIETY, NOT RELENDEX - what's the competition here? Their loan on Relendex has gained a lot more funding than on C2F.
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Post by Deleted on Aug 14, 2019 9:42:56 GMT
Hi, I self selected my first IFISA and then auto invested the returns. I make a reasonable profit before defaults and loans in administration and I do believe they will recover money well but I spend a disproportionate amount of time creating a file from many downloads and trying to get the data the same as other platforms for comparison and a meaningful overall total that I de ided to pull out. I mean it will be ages before that happens because nothing seems sell on the secondary market so I haven't bothered with that. on autoinvest, do you get tiny amounts of a loan? There has recently been a large quantity of tiny loan amounts on the exchange - it hardly seems worth researching the company to invest £7 so I wonder whether they might think about this aspect - if it's all the same person's autoinvest parts then maybe the system should be rolling them into one for the SM. Yes, quite often you get a number of small amounts for the same loan.
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Vero
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Post by Vero on Aug 23, 2019 19:26:18 GMT
A Director has left. Does that have implications? "Termination of appointment of Guoyue Huang as a director on 18 July 2019" zlb I just had a quick look at crowd2fund (after you mentioned a REBs borrower also pitching there), it's a bit concerning. Of the 16 people listed on the "Our Team" page, in order of listing: (X = left, ? = odd)
1. ? Founder & CEO, founded another business in 2018, & raised £300K from crowd2fund for it...
2. X Managing Director is on maternity leave 3. X Strategic Advisor left in March 2018 4. ? Content Director is a freelancer
5. X Director of Tech Development left in July 2019
6. ? Director of Tech Ops is based in Romania 7. ? *SENIOR* Risk Analyst is a recent neuroscience student (MSc 2015) on her first job
8. X Senior Business Funding Advisor left in August 2019
9. X Software Engineer left in January 2019
10. ? Business Campaign and Content Manager - I could not trace any details, odd given the job title
11. X Risk Analyst left in August 2019
12. ? Digital Marketing Manager is a recent biomedical student (MSc 2014) on her first job (who also runs a global online business) 13. ? *SENIOR* Risk Analyst is a recent math student (MSc 2017) on his first job
14., 15., 16. X 3 non-exec directors, 1 being the terminated director you mentioned
I do hope all is well at crowd2fund...
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zlb
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Post by zlb on Aug 23, 2019 21:50:22 GMT
A Director has left. Does that have implications? "Termination of appointment of Guoyue Huang as a director on 18 July 2019" zlb I just had a quick look at crowd2fund (after you mentioned a REBs borrower also pitching there), it's a bit concerning. Of the 16 people listed on the "Our Team" page, in order of listing: (X = left, ? = odd)
1. ? Founder & CEO, founded another business in 2018, & raised £300K from crowd2fund for it...
2. X Managing Director is on maternity leave 3. X Strategic Advisor left in March 2018 4. ? Content Director is a freelancer
5. X Director of Tech Development left in July 2019
6. ? Director of Tech Ops is based in Romania 7. ? *SENIOR* Risk Analyst is a recent neuroscience student (MSc 2015) on her first job
8. X Senior Business Funding Advisor left in August 2019
9. X Software Engineer left in January 2019
10. ? Business Campaign and Content Manager - I could not trace any details, odd given the job title
11. X Risk Analyst left in August 2019
12. ? Digital Marketing Manager is a recent biomedical student (MSc 2014) on her first job (who also runs a global online business) 13. ? *SENIOR* Risk Analyst is a recent math student (MSc 2017) on his first job
14., 15., 16. X 3 non-exec directors, 1 being the terminated director you mentioned
I do hope all is well at crowd2fund...
'Oh'. I'd hope that means their website isn't up to date. It's not comfortable reading. Thanks.
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Post by Deleted on Aug 29, 2019 17:07:26 GMT
I had my suspicions about C2F at the end of July as they seem to be the only P2P not suffering increasing arrears. I used to get texts saying when a payment was late but haven't had one since March. So I checked my portfolio repayments against what I should have received and found 8 loans up to 3 months in arrears. All of the reports and website loan pages suggest they are up to date.
I sent them an email on the 8th August and got the following response. "we are waiting to hear back from some of the businesses you have mentioned so that we can confirm when we can expect the next payments."
When I asked them why these loans are still not flagged as in arrears I received: "We are in the process of going through and updating all the loan statuses."
They are not on top of things at all. The systems are flaky and they seem to have no staff.
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zlb
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Post by zlb on Aug 29, 2019 19:13:42 GMT
I had my suspicions about C2F at the end of July as they seem to be the only P2P not suffering increasing arrears. I used to get texts saying when a payment was late but haven't had one since March. So I checked my portfolio repayments against what I should have received and found 8 loans up to 3 months in arrears. All of the reports and website loan pages suggest they are up to date. I sent them an email on the 8th August and got the following response. "we are waiting to hear back from some of the businesses you have mentioned so that we can confirm when we can expect the next payments." When I asked them why these loans are still not flagged as in arrears I received: "We are in the process of going through and updating all the loan statuses." They are not on top of things at all. The systems are flaky and they seem to have no staff. thanks. So is it that the repayment calendar is out of date, or the borrower page doesn't have the arrears info listed? I've only been able to go by the repayment calendar. Do you track each company in your individual transactions? Edit: I have had a few texts about arrears but not many.
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Post by Deleted on Aug 29, 2019 20:02:04 GMT
The repayment calendar didn't show them in arrears. The little calendar thing they have with ticks and crosses on to confirm payments showed them fully paid up. Some of the missing payments go back way into last year, admittedly each payment that comes in afterwards would put them back up to date, but then they would go into arrears again very quickly. Do you have Rob**** God****? You could take a look at that one. Nothing had changed when I looked yesterday. If you look at the repayments report you can see the missing payments. If you pivot by date and loan Id the ones that need further investigation stand out.
I've never checked them before. I filter by defaults, arrears, administration on my portfolio to recalculate defaults the same way most P2p do it. Ie 3 or 4 months late equals default. That was why I was concerned about the lack of arrears showing.
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macq
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Post by macq on Aug 30, 2019 22:02:32 GMT
The repayment calendar didn't show them in arrears. The little calendar thing they have with ticks and crosses on to confirm payments showed them fully paid up. Some of the missing payments go back way into last year, admittedly each payment that comes in afterwards would put them back up to date, but then they would go into arrears again very quickly. Do you have Rob**** God****? You could take a look at that one. Nothing had changed when I looked yesterday. If you look at the repayments report you can see the missing payments. If you pivot by date and loan Id the ones that need further investigation stand out. I've never checked them before. I filter by defaults, arrears, administration on my portfolio to recalculate defaults the same way most P2p do it. Ie 3 or 4 months late equals default. That was why I was concerned about the lack of arrears showing. Notice at the moment on their sm/exchange quite a few of the company you mention with next payment due listed as June (and trying to sell at par?) so buyer beware maybe.There is also with the repayments box on the accounts page you mention with the ticks/crosses a last repayment date shown and the next expected date so its always worth checking that at regular intervals
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zlb
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Post by zlb on Aug 31, 2019 7:14:13 GMT
@apprentice / macq I don't see a page with ticks and crosses. I have a colour coded calendar. I'm noticing on that, companies which are non-paying are either known defaults or they have an arrangement to pay on a different schedule. if you like, can you PM me the exact click route to the page? I sell most of mine at par so that they sell quickly - those below par tend to sit there for months and/or I very rarely buy on the exchange at less than par (if I take on a loan, I'm against taking on less risk, 2-10 months in, than the original investor). However - on another issue, even though I sell at par, or occasionally lower, my losses on the exchange are creeping up. Anyone here know why?
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