p2pstephan
Member of DD Central
Posts: 91
Likes: 79
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Post by p2pstephan on Feb 24, 2020 10:40:34 GMT
Sale today 24/2/2020 Date requested: 09/12/2019
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keitha
Member of DD Central
2024, hopefully the year I get out of P2P
Posts: 4,434
Likes: 2,552
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Post by keitha on Feb 24, 2020 22:06:13 GMT
sale today 1.2%
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Post by filippo on Feb 25, 2020 9:59:38 GMT
Sale requested 19/06 10th round 25th February 1.67%
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Post by dogeared on Feb 26, 2020 8:36:34 GMT
10th cycle
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supyk
Posts: 25
Likes: 22
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Post by supyk on Feb 26, 2020 9:32:04 GMT
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Post by hostile17 on Feb 26, 2020 9:44:56 GMT
1st round 3/12 | 1.65% 2nd round 11/12 | 1.30% 3rd round 18/12 | 1.12% 4th round 28/12 | 1.61% 5th round 7/1 | 1.22% 6th round 14/1 | 1.17% 7th round 24/1 | 1.35% 8th round 4/2/ | 1.35% 9th round 16/2 | 1.32%
10th round 25/2 | 1.32%
Days between sales: 8/7/10/10/7/10/11/12/9
I have put 25th, as that's what FC says, but it must have been late yesterday evening as I looked yesterday (about 7pm I think) and it wasn't there. But the fastest cycle for me in ages.
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vckid
Posts: 19
Likes: 18
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Post by vckid on Feb 26, 2020 10:16:56 GMT
10th round completed today
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p2pstephan
Member of DD Central
Posts: 91
Likes: 79
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Post by p2pstephan on Feb 26, 2020 12:37:50 GMT
Sale today 26/2/2020 Date requested: 14/06/2019
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Post by moutarde on Feb 26, 2020 22:47:11 GMT
12/07/19 => 26/02
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Post by rainydaze on Feb 27, 2020 9:03:10 GMT
Fallen a bit behind in reporting. So the last 3 updates are.. 6/2 17/2 26/2 Cheers everyone
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criston
Member of DD Central
Posts: 1,204
Likes: 628
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Post by criston on Feb 27, 2020 10:10:37 GMT
Just to say if I have not given you a 'thumbs up' something appears to be wrong with the dates provided.
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Post by moutarde on Feb 27, 2020 13:09:48 GMT
12/07 => 26/02 31/07 => 26/02 15/08 => 27/02 12/09 => 27/02 17/09 => 27/02
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Post by natasha1 on Feb 27, 2020 21:28:49 GMT
Hi everyone, I am new to this and have been using Funding Circle since Feb 2019. I invested £100,500.00 and when I requested to withdraw on 7th July 2019 the amount requested was £98,963.00. Q1. Can someone explain to me why not £100,500.00?Date requested: 07/07/2019 Amount requested (on 07/07/19): £98,963.00 Amount received (as of today 27/02/20): £20,764.22 Interest (as of today 27/02/20): £8,138.10 Loan part sales minus purchases: -£114.59 Fees: -£778.17 Defaults: -£2,508.59 Recoveries: £46.08 Interest so far: £4,782.83 Q.2. Why when I add the amount received as of today 27/02/20: £20,764.22 + what is left in the account £65,107.35 I do not get £98,963.00?Thank you
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criston
Member of DD Central
Posts: 1,204
Likes: 628
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Post by criston on Feb 27, 2020 22:18:37 GMT
Hi everyone, I am new to this and have been using Funding Circle since Feb 2019. I invested £105,500.00 and when I requested to withdraw on 7th July 2019 the amount requested was £98,963.00. Q1. Can someone explain to me why not £105,500.00?Date requested: 07/07/2019 Amount requested (on 07/07/19): £98,963.00 Amount received (as of today 27/02/20): £20,764.22 Interest (as of today 27/02/20): £8,138.10 Loan part sales minus purchases: -£114.59 Fees: -£778.17 Defaults: -£2,508.59 Recoveries: £46.08 Interest so far: £4,782.83 Q.2. Why when I add the amount received as of today 27/02/20: £20,764.22 + what is left in the account £65,107.35 I do not get £98,963.00?Thank you Better start with the basics. You start by being invested into loans that average say 11%. FC take 1%. Then you can expect say 4% to 6% defaults. Therefore you can expect to lose £4 to £6k on your capital. However because recoveries can be up to 40%, the initial loss of capital could be substantially higher. It's very time consuming, but you need to go into 'My Portfolio' & go to the Status drop down box. Ciick on your Bad Depts, Lates & Processing. These you cannot sell. Also any live loans with Risk Band Removed cannot be sold either. Start with that to try to understand & come back if you require further clarification.
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blender
Member of DD Central
Posts: 5,719
Likes: 4,272
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Post by blender on Feb 27, 2020 23:09:06 GMT
Hi everyone, I am new to this and have been using Funding Circle since Feb 2019. I invested £105,500.00 and when I requested to withdraw on 7th July 2019 the amount requested was £98,963.00. Q1. Can someone explain to me why not £105,500.00?Date requested: 07/07/2019 Amount requested (on 07/07/19): £98,963.00 Amount received (as of today 27/02/20): £20,764.22 Interest (as of today 27/02/20): £8,138.10 Loan part sales minus purchases: -£114.59 Fees: -£778.17 Defaults: -£2,508.59 Recoveries: £46.08 Interest so far: £4,782.83 Q.2. Why when I add the amount received as of today 27/02/20: £20,764.22 + what is left in the account £65,107.35 I do not get £98,963.00?Thank you A.1 Because they lent your cash to borrowers who were not worthy of credit and by that time there had been credit events on a large number of your loans, which cannot be sold. A.2. Because the longer your cash is lent to FC borrowers, the more loans will have credit events.
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