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Post by fundingsecure on Oct 12, 2018 18:07:47 GMT
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james21
Member of DD Central
Posts: 651 
Likes: 669
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Post by james21 on Oct 12, 2018 18:20:49 GMT
Pity you cant be so prompt in updating all the overdue loans
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jj
Member of DD Central
Jolly Jammy
Posts: 320
Likes: 358
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Post by jj on Oct 12, 2018 18:27:50 GMT
14.1% overdue. Yet I have 42% of my loans overdue.
Ye great wizard of numbers!
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rogerthat
Member of DD Central
Posts: 2,048
Likes: 1,994
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Post by rogerthat on Oct 12, 2018 18:32:52 GMT
Perhaps you can explain to me why I received a mail timed at 19.14 (in other words 17mins ago) for a loan..Rhos-on-Sea..that went onto the platform at 5pm
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Post by dan1 on Oct 12, 2018 18:48:25 GMT
I received two notifications from Companies House regarding filings for the appointment of two new directors at 18:52. I received the newsletter at 18:59 informing us of the appointment of the two directors. What took you so long? 
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rogerthat
Member of DD Central
Posts: 2,048
Likes: 1,994
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Post by rogerthat on Oct 12, 2018 19:10:55 GMT
14.1% overdue. Yet I have 42% of my loans overdue.
Ye great wizard of numbers!
Im part way going through mine..im already shocked and will update as soon as
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trevor
Member of DD Central
Posts: 557
Likes: 381
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Post by trevor on Oct 12, 2018 19:55:40 GMT
Looking at the SM graph, I think it has peaked. I also note the majority of "new" loans are either tranches or renewals. Similar situation at Ly. I call FS, Ly and MT the 12% club and all seem to be in decline. MT seem to have the best reputation. I think the other 2 have blown it beyond recall which is a concern for me as I have lending S to both.
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rogerthat
Member of DD Central
Posts: 2,048
Likes: 1,994
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Post by rogerthat on Oct 12, 2018 22:15:47 GMT
14.1% overdue. Yet I have 42% of my loans overdue.
Ye great wizard of numbers!
Im part way going through mine..im already shocked and will update as soon as I have gone through only loans in my Main Account at the moment...these are classed as single loans, overlooking the fact that I have more than one slice in more than a few and multiple tranches I may be an odd one out either way as the more I delved, the less I really wanted to know. Out of 74 separate loans on my Main Account 54 are overdue..21 @ 200+...11 @ 300 +...11 @ 400+ 11 others (some just under 200) That is an outrageous 67%+  
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,168
Likes: 4,859
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Post by ozboy on Oct 12, 2018 22:39:46 GMT
Let me be Frank here ( ), if you continue to invest with FS, you're an idiot. Or very, very, VERY, lucky. And if you're that lucky, by now you have also convinced yourself you're quite smart, and one step ahead of the game and know better.  [EDIT: The generic "you" of course, not you personally rogerthat et al. ] |
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Post by df on Oct 13, 2018 0:07:08 GMT
Im part way going through mine..im already shocked and will update as soon as I have gone through only loans in my Main Account at the moment...these are classed as single loans, overlooking the fact that I have more than one slice in more than a few and multiple tranchesI may be an odd one out either way as the more I delved, the less I really wanted to know. Out of 74 separate loans on my Main Account 54 are overdue..21 @ 200+...11 @ 300 +...11 @ 400+ 11 others (some just under 200) That is an outrageous 67%+ If the aim is to calculate the percentage of loans, multiple tranches (or multiple pawn loans to the same borrower) should be counted as one loan as in most cases these default simultaniously. Could it be more useful to calculate the percentage of your FS overdue in £ rather than loans?
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Post by df on Oct 13, 2018 0:38:18 GMT
Let me be Frank here ( ), if you continue to invest with FS, you're an idiot. Or very, very, VERY, lucky. And if you're that lucky, by now you have also convinced yourself you're quite smart, and one step ahead of the game and know better. Thank you ozboy for your kind words I'm definitely not "FS-lucky" and never consider myself "smart", so must be an idiot  In my personal experience it is the the other way round. The 'idiot' part was at the beginning (most of my defaults are historical), continuity with revised strategy is actually helping to offset losses.
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sqh
Member of DD Central
Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
Posts: 1,428
Likes: 1,212
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Post by sqh on Oct 13, 2018 3:07:48 GMT
Let me be Frank here ( ), if you continue to invest with FS, you're an idiot. Or very, very, VERY, lucky. And if you're that lucky, by now you have also convinced yourself you're quite smart, and one step ahead of the game and know better. Not sure I'm lucky, an idiot, or quite smart? I avoided the worst loans for simple reasons, not really rocket science: WT - Avoided, having previously invested in early WT loans on AC, where valuations were much lower. Power Boats - Avoided renewal. Invested first time round but considered insurance would be excessive after crash. Knaresborough - Avoided, 2nd charge and confused about priority, re wife's charging order. Wimbledon - Avoided, Huge 1st and 2nd charges. Westbury Castle - Avoided, the borrower still owed me pre-drawdown fees on AC. Trains - I started selling my loans at first default. Not following this, so may be OK. Boatyard - sold out when Lendy posted planned refinance and VR didn't cover outstanding interest. Neath - I liked this loan and only sold out at the 11th hour, because it was advertised for sale, 95% complete and yet appeared abandoned, very untidy and I couldn't find PP. NI HA loans - Sold out after speaking to NI planning officer in May 2016. No PP, but a fast track process for HA. Whitehaven - Held all tranches but sold out after reading misleading and contradictory updates. (Note: Nobody active on this forum should hold any tranche other than Tr4 after seeing these photo's, thanks to ali .) PS. I do have large holdings in 9 overdue loans, and my patience is running out. I fully understand why some lenders are leaving, but I still think this is one of the best P2P sites.
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number5
Member of DD Central
Posts: 449
Likes: 98
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Post by number5 on Oct 13, 2018 5:42:21 GMT
Let me be Frank here ( ), if you continue to invest with FS, you're an idiot. Or very, very, VERY, lucky. And if you're that lucky, by now you have also convinced yourself you're quite smart, and one step ahead of the game and know better. Thank you ozboy for your kind words I'm definitely not "FS-lucky" and never consider myself "smart", so must be an idiot In my personal experience it is the the other way round. The 'idiot' part was at the beginning (most of my defaults are historical), continuity with revised strategy is actually helping to offset losses. If you don't mind me asking, what is your revised strategy?
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paulb
Member of DD Central
Posts: 131
Likes: 112
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Post by paulb on Oct 13, 2018 8:28:20 GMT
I received two notifications from Companies House regarding filings for the appointment of two new directors at 18:52. I notice from the quick bio's of the two new directors, that they seem to be management-for-the-sake-of-management types, rather than (what some of us might prefer), debt management/recovery specialists.....
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SteveT
Member of DD Central
Posts: 6,875
Likes: 7,924
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Post by SteveT on Oct 13, 2018 8:44:03 GMT
This struck me as exactly the sort of Board beefing-up that ambitious small companies typically do before seeking a trade sale or even an IPO
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In my personal experience it is the the other way round. The 'idiot' part was at the beginning (most of my defaults are historical), continuity with revised strategy is actually helping to offset losses.
