neal
Member of DD Central
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Post by neal on Nov 19, 2018 19:44:55 GMT
As 70% of my loan 'value' is IA and the other 30% has too long a queue to attempt to sell I'd say 100% of my capital is distressed. I'll be lucky if I draw £100 in interest this month, that's about 2.5% I think I need to apologise to Lendy. I got £106.45 interest on my £27k investment for October, to my calculations that is 6.45% more than I was expecting.
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Post by charliebrown on Nov 19, 2018 21:40:45 GMT
80% of my loan book is in default. The remaining 20% doesn’t inspire me with confidence but for the moment at least is considered to be “performing”.
My ratio is a staggering 372%.
My biggest failures are Herc, Wolves Exeter and Sheds.
This ratio is why you will notice that none of my posts are very positive.
In absolute terms I am going to lose a lot of money.
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Post by spareapennyor2 on Nov 20, 2018 7:22:26 GMT
my loans
55% in non-performing (default)
ratio 337%
70% break-even for now
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Post by Companion Cube on Nov 20, 2018 18:53:38 GMT
Has everyone been deducting from their interest total, all of the tax that they've already paid to hmrc in previous years or not? I'm nowhere near breaking even and I can't even bring myself to calculate my percentage.
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Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
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Post by Godanubis on Nov 20, 2018 19:00:17 GMT
80% of my loan book is in default. The remaining 20% doesn’t inspire me with confidence but for the moment at least is considered to be “performing”. My ratio is a staggering 372%. My biggest failures are Herc, Wolves Exeter and Sheds. This ratio is why you will notice that none of my posts are very positive. In absolute terms I am going to lose a lot of money. Don’t worry Charlie you won’t lose a penny. To loose you need to get some finality. Lendy don’t default or foreclose so. Like an old Model A Ford in a barn your great grandchildren will find your Lendy account with a few grand in capital and millions in interest accruing and bonuses 
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Post by slopsjon on Nov 20, 2018 19:06:15 GMT
59.5% of interest received in distress. That's putting all of Collateral and Lendy in distress/default.
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sydb
Member of DD Central
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Post by sydb on Nov 21, 2018 8:34:41 GMT
Pessimist's view
301% including only 'non-performing'/'suspended' loans (as defined by Lendy)
435% including above plus non-liquid loans (i.e. technically could be put up for sale but massive queue because there is no confidence in those loans)
I need 77% of what is stuck to be paid back to break even (ignoring inflation)
Started Dec 2016
Optimist's view I've had a 22% total return (not annualised) by sacrificing the money that I might never get back - yeah! (See what I did there? Probably not, I have no clue)
All the money I put in that I can get out has been fully repaid to me - yeah! (I especially like this one)
If all the crooks and delusional borrowers returned what they borrowed 10yrs from now, the whole thing would have been almost like having a 10yr 2%/annum income bond (er... am I still being an optimist?) (ignoring any sensible way of considering investments)
I've learnt a lot about P2P and will never have the uncertainty of whether or not to invest in Lendy again - yeah! I'm alive - yeah!
Edit - lost twice as much to a relative (mind you, they haven't threatened to sue me) - yeah! - 'Lendy are one of the few P2P companies making a profit' and have not gone into liquidation - high fives, everyone!
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sydb
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Post by sydb on Nov 21, 2018 9:12:20 GMT
Has everyone been deducting from their interest total, all of the tax that they've already paid to hmrc in previous years or not?
Ha-ha! I am not quite at that accuracy level of assessment yet.
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sydb
Member of DD Central
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Post by sydb on Nov 21, 2018 9:16:32 GMT
As 70% of my loan 'value' is IA and the other 30% has too long a queue to attempt to sell I'd say 100% of my capital is distressed. I'll be lucky if I draw £100 in interest this month, that's about 2.5% I think I need to apologise to Lendy. I got £106.45 interest on my £27k investment for October, to my calculations that is 6.45% more than I was expecting.
That's an excellent return (4.7% annualised), ignoring all risk to capital. Well done. Let's see if the same thing happens this month. See - I'm being upbeat.
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Balder
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Post by Balder on Nov 21, 2018 9:25:03 GMT
Easy calculation £28,000 and £0.00 interest
Although I was at over £120,000 (SIPP) and got everything out down to the £28K with full capital and interest.
DFL004 and 5 last to go - and no I am not investing anything else in Lendy.
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sydb
Member of DD Central
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Post by sydb on Nov 21, 2018 9:31:01 GMT
Easy calculation £28,000 and £0.00 interest Although I was at over £120,000 (SIPP) and got everything out down to the £28K with full capital and interest. DFL004 and 5 last to go - and no I am not investing anything else in Lendy. I think lifetime interest was the idea of this thread, but whatever rocks your boat, really. It doesn't really matter, does it? Seriously, though, I am glad you managed to get most out.
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Post by carol167 on Nov 21, 2018 12:00:40 GMT
Well I managed 11.49% return minus £303 left caught up in the Castle debacle which represents 7% of the total overall interest. I started lending in July 2015 and withdrew all I could June 2017. Nothing lent since or will be.
The most I had invested in any one month was 26k. So overall, a positive experience, but I certainly wouldn't be investing in Lendy now or for the forseeable future.
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IFISAcava
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Post by IFISAcava on Nov 21, 2018 12:16:42 GMT
Was only in 12 months or so before heading for the exit, and was only just into five figures max invested at peak, but:
Interest - £835
Distressed loans remaining - £721
So level of distressed loans to interest is 86%
I am just ahead (though temporarily behind factoring in tax paid, pending future loss relief claim)
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Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
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Post by Godanubis on Nov 21, 2018 12:24:13 GMT
I've yet to see anyone who was well diversified make an overall loss when loans are actually paid back or defaulted on any platform. I'd be happy for my view to be proved wrong (But sad for person proving it ) |
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invester
P2P Blogger
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Post by invester on Nov 21, 2018 12:37:15 GMT
Well, you just need to imagine owning the entire loanbook.
Your position would be:
Interest Earned: £44.9m
Non-Performing Loans: £82.9m
Potential Dubious Live Loans: c.£10m (DFL005, PBL193)
You can see here that for someone hypothetically owning the entire loan book the ratio of distressed loans to all time interest would be in excess of 200%.
It goes without saying there are some absolute shockers in the non-performing pile (as well as some that should work out OK).
It does seem to me that once all the bad loans are settled up that if you owned the whole loan book, you probably would not have ended up losing any money over your c.6-7 years with Lendy, but you wouldn't have made much either.
Obviously there are people who have done well and bailed before the fan hit the brown stuff, but because the figures have to be the aggregate of all lenders loans, there will be some people who would have done much worse than average.
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