i'v tended to swing between 86% to 95% when i look at my account but have noticed that lates/overdue tend to feature more then a couple of loans in recovery and the late one month may be different ones the next but the % may be the same as when i checked before.So would seem some get sorted and then it starts again with others
Just noticed I'm now only able to withdraw 83.03% of my funds, which is a big cut on where I was this time last month, and wipes out all the interest I've had over the last 2 or so years and then some! Anyone else seeing similar?
Do you have money waiting to be invested? This doesn't seem to be included in the % available for withdrawal. I'm in over half of the current loans and have seen no new problem loans in the last month.
No, both accounts are fully invested. However, on drilling down into the portfolios, it would seem that the biggest loans in both accounts are now in overterm, in my case one loan accounting for 5.6% of my overall p/f value.
Incidentally, I forgot about an ISA account that I also set up for my mother, which is still sat happily at 95%, so seems it probably is down to luck and diversification at the time of investment (despite my best attempts to drip-feed over a period of time).
I've just checked my father's account and his is even worse at 73%! Wondering if this is an early warning sign of a likely rise in 'problem' loans, a symptom of having an account for a longer period, or just plain bad luck. Either way, I'm really wishing I hadn't recommended them to him now...
Is the issue related to multiple loans or just one/same loan across the accounts as far as details allow determination?. I have three loans currently frozen, the collection, a late (which forms the bulk of the frozen funds) and an overdue. Relatively small investment & all since April, as I sell out/reinvest around tax year for ISA reasons, so I suspect I am less diversified (c50 loans)
In my p/f, I have 2 in collection, 2 late and 10 overterm (out of a p/f off 114 loans).
The £100 i pulled out of oc i have invested in welendus. I have currently lent £50 between 8.5% - 11.5%. This platform is fairly new but also has a provision fund. Its a small amount of money to test the platform but im sure the returns will be far superior than if i had left it in oc.