keitha
Member of DD Central
2024, hopefully the year I get out of P2P
Posts: 3,870
Likes: 2,308
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Post by keitha on Feb 27, 2020 16:02:23 GMT
A sudden increase in the number of comments being put on loans, 25% of my bad debts / lates have had updates since the 24th
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benaj
Member of DD Central
Posts: 4,862 
Likes: 1,591
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Post by benaj on Feb 27, 2020 16:30:13 GMT
Nope. I only have 13 loans left, so I only check once a week.
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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 17:42:12 GMT
Yes, I get the impression that they are working harder on collections and recoveries - and recoveries have been dribbling in through Feb. No real statistical evidence. There is no alternative, because if they are soft on defaulters then defaulters will multiply.
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Post by nooneere on Feb 27, 2020 20:46:26 GMT
I am finding the same.
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ceejay
Posts: 971
Likes: 1,149
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Post by ceejay on Feb 28, 2020 10:32:59 GMT
Yes, nearly half of my bad loans have had updates in the last few weeks - more if you discount the "given up" ones.
However, here's an exception to remind us of what FC are capable of - loan 25746. Most recent update:
13 Jun 2019
The application for summary judgment has been sent to court for issue. A hearing has been listed for 18 June 2019. We will provide investors with an update re the outcome of the hearing after this date.
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Post by shanghaiscouse on Feb 28, 2020 17:52:04 GMT
A sudden increase in the number of comments being put on loans, 25% of my bad debts / lates have had updates since the 24th I'm pretty sure its because FC itself does not handle the defaulted loans. They put them out to an agency. Once a month or so the agency gives them a file with all the updates on the loans, and FC uploads onto their system. That's why they all appear at the same time.
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mikeb
Posts: 1,052
Likes: 463
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Post by mikeb on Mar 1, 2020 17:13:43 GMT
However, here's an exception to remind us of what FC are capable of - loan 25746. Most recent update: 13 Jun 2019The application for summary judgment has been sent to court for issue. A hearing has been listed for 18 June 2019. We will provide investors with an update re the outcome of the hearing after this date. Here's a reminder for FC that this comment is very overdue an update, and I'd still like an explanation of why you call this secured loan "un-secured" -- saying it thrice does not make it true. Your answer can involve how you actually lost our security, if that helps ... and why you can't be bothered to respond to direct contact from lenders on this matter (May 2019 "we'll look into it and update you" -- nothing happens -- and August 2019, still waiting for a response). "We Shell Do You Proud (3603)" Asset security: All asset security 15 May 2019 The Liquidation has concluded and the Company has now been dissolved. The final report from the Liquidator shows that there were insufficient funds to make a distribution to unsecured creditors. As the loan was an unsecured loan to the business, the investors claim ranks as unsecured; and there will be not be a distribution to investors. The matter of the personal guarantor's bankruptcy is still with the Official Receiver whom we are in contact with. We will provide the investors with a further update in June 2019.
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mikeh
Member of DD Central
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Likes: 370
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Post by mikeh on Mar 1, 2020 20:41:44 GMT
A sudden increase in the number of comments being put on loans, 25% of my bad debts / lates have had updates since the 24th Desperation setting in?
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