SteveT
Member of DD Central
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Post by SteveT on Mar 20, 2019 10:40:42 GMT
Just noticed that my portfolio of 19 FS zombie loans passed a noteworthy milestone in recent days: the "Accrued Interest" figure on my Dashboard now exceeds 20% (actually 20.19%) of the "My Current Investments" figure. I'm sure others can beat this, but who has the highest % of mythical FS "Accrued Interest" As the traditional FS mantra goes, "Interest continues to accrue"  |
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beechside
Member of DD Central
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Post by beechside on Mar 20, 2019 10:48:58 GMT
Nah. I'm a mere 16.1% on my 21 loans, none of which are sellable.
Don't know whether my loans are more distressed than I am...
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r1200gs
Member of DD Central
Posts: 1,336
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Post by r1200gs on Mar 20, 2019 10:49:16 GMT
My wife's account.
Investment £695.66
Accrued interest £226.58
Average age on these 180 day loans is around a 1000 days with wonderful updates such as "Awaiting final details from the receiver before taking action. A further update will be posted once the next action is confirmed" made exactly a month ago today with not another word since.
It appears to me that the FS business model is not sustainable. Shovelling money out of the door on an industrial scale and then not getting it back really won't work.
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Monetus
Member of DD Central
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Post by Monetus on Mar 20, 2019 10:50:02 GMT
Just noticed that my portfolio of 19 FS zombie loans passed a noteworthy milestone in recent days: the "Accrued Interest" figure on my Dashboard now exceeds 20% (actually 20.19%) of the "My Current Investments" figure. I'm sure others can beat this, but who has the highest % of mythical FS "Accrued Interest" As the traditional FS mantra goes, "Interest continues to accrue" 42% here Steve. 
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Steerpike
Member of DD Central
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Post by Steerpike on Mar 20, 2019 10:59:49 GMT
Mine is a mediocre 27.9% but rises to a slightly more impressive 28.85% if I add in the hiding interest due on Norfolk.
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Post by biscuit on Mar 20, 2019 11:01:22 GMT
Just noticed that my portfolio of 19 FS zombie loans passed a noteworthy milestone in recent days: the "Accrued Interest" figure on my Dashboard now exceeds 20% (actually 20.19%) of the "My Current Investments" figure. I'm sure others can beat this, but who has the highest % of mythical FS "Accrued Interest" As the traditional FS mantra goes, "Interest continues to accrue" I can almost match you I'm at 21% with a portfolio of 65 loans(>£3k) all bar one being significantly overdue. expect to loose >£2k which will right off all of my FS interest since I started mid 2014. Leaves a very bad taste especially as they refuse to default so many of the loans which will obviously fail so that I can set them against this years tax bill.
Biscuit
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11025
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Post by 11025 on Mar 20, 2019 11:02:51 GMT
Just noticed that my portfolio of 19 FS zombie loans passed a noteworthy milestone in recent days: the "Accrued Interest" figure on my Dashboard now exceeds 20% (actually 20.19%) of the "My Current Investments" figure. I'm sure others can beat this, but who has the highest % of mythical FS "Accrued Interest" As the traditional FS mantra goes, "Interest continues to accrue" 42% here Steve. I can't beat that , only at 36.5% 
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11025
Member of DD Central
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Post by 11025 on Mar 20, 2019 11:05:57 GMT
As the traditional FS mantra goes, "Interest continues to accrue" There must be a graph or calculation to show the relationship here , Interest increases at the same rate as the chance of ever seeing it reduces .....
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r1200gs
Member of DD Central
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Post by r1200gs on Mar 20, 2019 11:07:48 GMT
As the traditional FS mantra goes, "Interest continues to accrue" There must be a graph or calculation to show the relationship here , Interest increases at the same rate as the chance of ever seeing it reduces ..... Exactly!
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Post by investor1925 on Mar 20, 2019 13:53:57 GMT
My accrued interest is only 8.1% of my investment, which sounds a bit low to me as 57% of my 190 loans are overdue (8 from 2017, 74 from 2018 & 27 from 2019)
I only started investing on this platform in May 2017.
I am now at the point where I'll be cashing out as the returns ? come in.
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james21
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Post by james21 on Mar 20, 2019 14:29:24 GMT
mine much the same, I do think folk should raise a complaint about this only takes a moment, its not a waste of time, if enough shout out it may do some good. BTW I have done this recently and the complaints are numbered sequentially and less than 20 this year as of a few weeks back so they are not getting many. Complain!
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michaelc
Member of DD Central
Say No To T.D.S.
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Post by michaelc on Mar 20, 2019 14:45:09 GMT
ISA: 15.07%
Main: 14.35% (I started this around a year before the ISA)
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petrichory
Member of DD Central
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Post by petrichory on Mar 20, 2019 16:05:02 GMT
21% here. Accumulated interest is now twice as much as total earnings since Oct 2016...
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bigfoot12
Member of DD Central
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Post by bigfoot12 on Mar 20, 2019 16:10:37 GMT
42% here Steve. I can't beat that , only at 36.5% So I slot in between you at 40.1%
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alison
Member of DD Central
Sanctuary!!
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Post by alison on Mar 20, 2019 16:25:10 GMT
I can't beat that , only at 36.5% So I slot in between you at 40.1% Damn - pushes my 35.35% down to 4th!!
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