aju
Member of DD Central
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Post by aju on Feb 19, 2019 18:30:44 GMT
Aju - you do know there is no difference between loans that go in 'invest' and 'ISA' don't you? The Zopa algorithm will simply allocate a loan part to whoever is at the head of the queue for a loan in that particular market regardless of whether it is in an ISA wrapper or not. The only distinction is that D&E loans will only be allocated to Plus investors. That is why there is not a different 'target' rate for ISA/non ISA accounts. Yes i do but for some reason it just seemed odd that the loans in ISA have very little or no recovered values and the Invest does. Realistically the loans in Invest are much more mature (Older) so the returns are probably from much older loans but it's just odd that in the nearly 2 years of loans in ISA side its obvious that the recent defaults are not recovering much at all. For us this month returned 13p from the same loan in both our ISA's and as I say other than the CA thats it. Its worse than the same loans, mrs Aju has some of my loans too and many of our defaults are shared too. That said in the ISA side our external Isa's were time differently so we lent into different tranches. Once we are relending though we do pick up the same loans but not as often as when were lending in the SG a few years back in that case it was less of an issue as they were covered. You make the distinction of D&E loans in Plus but now we have much larger amounts mostly in £10 loans its more obvious that C1 is a bad area as well, especially recently for us. That said we are still way ahead in profit for want of a better term.
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