SteveT
Member of DD Central
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Post by SteveT on Apr 25, 2019 5:33:59 GMT
Im sure those figures have been manipulated somehow or sales have increased because they are giving loans to everyone now regardless of wether they can afford to repay or not. The feedback from investors and the official figures do not match. Also there seems to be less liquidity in the platform than a few years ago withdrawals are now taking much longer than before. You’re only considering feedback from (and liquidity for) RETAIL lenders. The bulk of FC’s loan origination these days will be funded as Whole Loans by institutional money.
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p2pete
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Post by p2pete on Apr 25, 2019 8:29:59 GMT
£31,100 total, £29,400 available to sell. So you have made £1800 after fees/bad debt but have an additional £1700 in unsellable loans? If you could withdraw everything now your profit would be £100 plus recoveries? Note that you can't sell up now anyway. You can queue for 37 days and most of it will sell but some will drop out of the queue and end up defaulting before you can requeue them. Recoveries will come in eventually but I don't think you are looking at anywhere near a 5% return.
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