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Post by davids on Jan 13, 2019 8:28:24 GMT
I've noticed on the UK Deal Flow there was nothing for basically 3 weeks, now 4 or 5 invoices have been invoiced in the last week, is this things picking up again?
Also, a quite regular customer in my portfolio of loans had a problem, sure many people were in these loans, and was paying back the loans bit by bit every week with the loan meant to be cleared by new year, the last update was 17/12 and today is obviously 13/01/2019, the loan is technically in default too due to being 120+ days late, can I get an update or anyone know if this loan is going to get paid?
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Post by spareapennyor2 on Jan 13, 2019 8:57:35 GMT
18 loans 120+ late
click on loan number then collection history (update)
oldest one 23/03/2018
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Post by davids on Jan 14, 2019 7:29:14 GMT
18 loans 120+ late click on loan number then collection history (update) oldest one 23/03/2018 Do you have 18 loans 120+ days late or is that on the platform in total?
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Post by spareapennyor2 on Jan 14, 2019 8:46:00 GMT
davidsDo you have 18 loans 120+ days late or is that on the platform in total? yes loans as of today 3 overdue 2 in repayment loans started to dry up 6-8 weeks ago xirr 7.24%
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Post by davids on Jan 15, 2019 7:19:19 GMT
The latest seedrs update didn't fill me with confidence, laid off 60% of staff to reduce costs, new CEO mid December in a bid to break even come end of Q1 2019.
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Post by spareapennyor2 on Jan 27, 2019 8:22:37 GMT
well that sucks
two overdue loan companies in Liquidation
so 12% down on capital
withdrawed cash
expect pennies from unpaid penalty`s
two loans running
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Post by glensm on Feb 25, 2019 11:36:30 GMT
There was a decision to reduce the focus on UK loans (they're still servicing existing customers) by going via brokers rather than directly. I think the focus is at the moment on expanding to non-Estonian € loans (I'm sure Brexit doesn't help any of this at all)
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Post by davids on Jan 27, 2020 16:55:20 GMT
I've pulled out all my money from the UK deals, the Euro deals still doing fine and my average return is around 10.2%
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ukinvestor
Member of DD Central
Posts: 116
Likes: 34
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Post by ukinvestor on Jun 5, 2021 20:12:44 GMT
I have a couple of old UK invoices that haven't been repaid. Nothing has happened for almost two years, but they keep adding penalty interest and the value of the claim keeps going up.
Why are these not written off?
Any thoughts?
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