aju
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Post by aju on May 14, 2020 1:29:38 GMT
Knowing the new lending amount is a v useful data point for the sales since Zopa have told me 70% of loans given are to lenders will be new loans. So if £10.8m of new lending sales are 3/7ths of that £ 4.6m...ISH... Zopa were very kind to furnish me with the previous months disbursals as they called it (March). They stated the value lent was £69,654,143.78 an is pretty close to what I had gained from the last available public loanbook for March 2020.
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criston
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Post by criston on Jun 6, 2020 8:18:34 GMT
Original sale requested 15/3/20 It is now 34 days after the first 85% of my loans were sold on 7/4/20. Although hit & miss over 4 accounts, the remaining 15% have started to be sold, from yesterday 11/5/20. I now have about 10% left, of the original sale amount requested & estimate I could end up with 3 or 4% unsalable. Approximately 10% of the total was shielded. All in all not too bad, compared to some other platforms. Good luck. 3 accounts completed sales a few weeks back. One account is still selling, but must be close to completing. I now have around 8% lingering, half of which I have written off. 10% of that 8% was shielded, so should come good. Compare that to Ratesetter, which initially took longer, but less than 1% left to sell now, & due to provision fund could show full repayment, less 1.5% selling fees. Compare that to Landing Works, with still around 30 days before selling may be allowed & we are paying them & not receiving interest. All these accounts were put up for sale on 16/3/20, leaving me with all my unsold mostly bricks & mortar, security backed platforms. I assess Zopa will cost me 10% in the end; Ratesetter 1.5%; Lending Works 5% to 7% but only if shielding covers bad dept.
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aju
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Post by aju on Jun 6, 2020 10:10:16 GMT
Zopa is very sloooow for both myself and Mrs Aju. We managed to get almost a 4 fig sum sold on 4th June but that was the first one in almost 3 weeks. We have so far had 4 hits of sold funds but still have a fair way to go. Since they changed the queue we have been selling about 1k a month each. We have quite a few months to go at these rates.
Whilst its difficult to see how large swathes of the "Arrangments" won't actually develop into defaults in the current climate we remain hopeful, that's all we can do.
It's also interesting that since our last major 4 fig release on 1st May we have released almost as much manually as the latest sale release on the 4th June!.
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