ashtondav
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PF
Mar 4, 2020 11:02:07 GMT
cb25 likes this
Post by ashtondav on Mar 4, 2020 11:02:07 GMT
my email update says I have been paid c£1,000 since dec 9th, 3 months. My total with RS is about £37k at about 5% average.
£330 a month seems an awful lot from the PF!
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PF
Mar 4, 2020 11:17:31 GMT
Post by Deleted on Mar 4, 2020 11:17:31 GMT
Guess the significance depends on whether it was in respect of one loan that went bad or 100 loans.
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r00lish67
Member of DD Central
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Post by r00lish67 on Mar 4, 2020 11:23:31 GMT
my email update says I have been paid c£1,000 since dec 9th, 3 months. My total with RS is about £37k at about 5% average. £330 a month seems an awful lot from the PF! The PF has lost £2.6m in the last 3 months, or 24% of its value. In other words, if it feels like an awful lot, in this case it's because it is an awful lot.
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alanh
Posts: 556
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PF
Mar 4, 2020 11:40:57 GMT
Post by alanh on Mar 4, 2020 11:40:57 GMT
Interesting, never noticed that before. Looking across my account and my wifes the total amount paid out by the provision fund is peanuts - only 0.17% of the overall balance. We do have a massively diversified portfolio between us though.
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benaj
Member of DD Central
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Post by benaj on Mar 4, 2020 12:25:02 GMT
Am I concerned? Yes. Time to abandon ship? not yet.
I hope the captain knows how to sail in the wind.
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r00lish67
Member of DD Central
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Post by r00lish67 on Mar 4, 2020 13:02:12 GMT
Am I concerned? Yes. Time to abandon ship? not yet. I hope the captain knows how to sail in the wind. They do - it involves throwing our interest overboard and increasing the price of admission to the lifeboats.
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PF
Mar 4, 2020 13:14:12 GMT
Post by Undecided on Mar 4, 2020 13:14:12 GMT
my email update says I have been paid c£1,000 since dec 9th, 3 months. My total with RS is about £37k at about 5% average. £330 a month seems an awful lot from the PF! Interesting mine says I've been paid £0 from the PF, same for my wife.
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ashtondav
Member of DD Central
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PF
Mar 4, 2020 13:43:27 GMT
Post by ashtondav on Mar 4, 2020 13:43:27 GMT
my email update says I have been paid c£1,000 since dec 9th, 3 months. My total with RS is about £37k at about 5% average. £330 a month seems an awful lot from the PF! Interesting mine says I've been paid £0 from the PF, same for my wife. Which implies it is one or two big loans i was carrying.
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PF
Mar 4, 2020 13:46:38 GMT
Post by Deleted on Mar 4, 2020 13:46:38 GMT
my email update says I have been paid c£1,000 since dec 9th, 3 months. My total with RS is about £37k at about 5% average. £330 a month seems an awful lot from the PF! Interesting mine says I've been paid £0 from the PF, same for my wife. And mine.
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PF
Mar 4, 2020 16:35:19 GMT
Post by Ace on Mar 4, 2020 16:35:19 GMT
my email update says I have been paid c£1,000 since dec 9th, 3 months. My total with RS is about £37k at about 5% average. £330 a month seems an awful lot from the PF! Interesting mine says I've been paid £0 from the PF, same for my wife. I got £32 from the PF. Have never received a penny from the wife 😆. Is no one bothered by the continual depletion of the PF. ICF is down another 3% in Feb. At this rate haircuts will be due in under 6 months time! Looks like turnover is also down. I'm down to 35% of my high watermark on RS and passively withdrawing. I'm not concerned enough to pay to exit yet, but I'm getting close. Wouldn't want to be trapped like many on FC when there are so much better offerings out there.
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r00lish67
Member of DD Central
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PF
Mar 4, 2020 17:25:34 GMT
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Post by r00lish67 on Mar 4, 2020 17:25:34 GMT
Interesting mine says I've been paid £0 from the PF, same for my wife. I got £32 from the PF. Have never received a penny from the wife 😆. Is no one bothered my the continual depletion of the PF. ICF is down another 3% in Feb. At this rate haircuts will be due in under 6 months time! Looks like turnover is also down. I'm down to 35% of my high watermark on RS and passively withdrawing. I'm not concerned enough to pay to exit yet, but I'm getting close. Wouldn't want to be trapped like many on FC when there are so much better offerings out there. Definitely bothered, and doing/considering exactly the same as you.
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jcb208
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PF
Mar 4, 2020 17:50:25 GMT
Post by jcb208 on Mar 4, 2020 17:50:25 GMT
I have been paid out £343 since 9th December from the provisional fund
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dorset
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PF
Mar 4, 2020 18:21:21 GMT
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Post by dorset on Mar 4, 2020 18:21:21 GMT
The PF in terms of available cash is very low and will soon vanish when defaults created by Covid-19 hit home over the next few weeks/months.
Cannot see RS avoiding a lock in of lenders plus a haircut.
Been with RS since the beginning and made great returns however decided to cash out all of my lending last Friday. Made the request in the morning Friday, money available by the afternoon and back in my bank account this Monday. Very smooth and efficient.
Going to stay pretty liquid until this all blows over or not especially as Mrs Dorset and myself are in the high risk age band. If it turns into a V shape recovery then we are well positioned to take advantage.
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tyrex
Posts: 78
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PF
Mar 4, 2020 19:38:15 GMT
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Post by tyrex on Mar 4, 2020 19:38:15 GMT
£0 from PF here.
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benaj
Member of DD Central
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PF
Mar 4, 2020 22:35:36 GMT
Post by benaj on Mar 4, 2020 22:35:36 GMT
Mine says £0 was paid by PF. According to the latest stats page, actual PF usage is not too bad. Average loan term is 28 months, and the highest usage is the 2016 cohorts @ 111%. www.ratesetter.com/invest/statistics#loanbookperformanceTime will tell how well RS manage the situation.
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