blender
Member of DD Central
Posts: 5,719
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Post by blender on Jan 2, 2020 9:32:42 GMT
One long-standing irritation with FC has been the following, on the portfolio page:
'Recent Loan Comments
There are comments for 44 loans you are currently exposed to. 28 are downgraded. '
Reading this you might be expected to think that the other 16 are OK or temporarily non-performing, but 'downgraded' means that the risk bank has been removed - nothing else. And many loans are defaulted without the risk band being removed. A less misleading presentation might say, for this same account.
'Recent Loan Comments
There are comments for 44 loans you are currently exposed to. 36 are defaulted. A further 3 are downgraded. '
I guess that the current presentation must fall foul of some FCA rule, but I am nearly out for good and can't be bothered to complain.
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keitha
Member of DD Central
2024, hopefully the year I get out of P2P
Posts: 4,594
Likes: 2,624
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Post by keitha on Jan 2, 2020 10:08:33 GMT
I have comments on several saying things like "May 2018, April payment received and will be distributed today", but yes I agree a lot are garbage plus in my case it says 17 downgraded, yet I can see 18 defaults !
I can foresee several more as I have 3 all in the 85+ days late category with no contact from borrower.
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Post by spareapennyor2 on Jan 2, 2020 10:17:32 GMT
would help to even see somewhere that this loan is defaulted
often listed as bad debit
only way i found is to go payments to find no more payments due
only recovery payments now <20% recovered
think i answer my question tax statement?
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keitha
Member of DD Central
2024, hopefully the year I get out of P2P
Posts: 4,594
Likes: 2,624
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Post by keitha on Jan 2, 2020 10:34:36 GMT
would help to even see somewhere that this loan is defaulted often listed as bad debit only way i found is to go payments to find no more payments due only recovery payments now <20% recovered think i answer my question tax statement? Wait till April 6th then download the tax statement for this year or download last years if you are doing taxes for 18/19, it will give you the figures you need
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