aju
Member of DD Central
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Post by aju on Aug 21, 2020 9:52:07 GMT
I'm also investing in Zopa and its very easy in the way zopa's reports have information regarding whether loans are being given a payment holiday due to covid.
RS is obviously different to Zopa, contender for understatement of the year in my view, but is it possible in the RS screens to be able to see what loans are in a temporary deferment as a result of the covid situation and government rules etc.
I don't have that many loans on RS, thankfully, and I know that RS would argue that the PF covers this but to be honest if its hitting my defaults in zopa quite hard then its a safe bet its hitting RS as well in terms of borrower difficulties.
Any thought or answers where one might find this out short of asking directly.
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slippery
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Post by slippery on Aug 21, 2020 11:20:26 GMT
I'm only in the 5 year, but have you gone into:
Your borrower's loan details
Then scroll down for various details including these:
Has the Provision Fund made a repayment on behalf of the borrower? No
Has the borrower defaulted? No
Does RateSetter consider that the borrower will repay in full? Yes
Security backed No
Security Interest enforced No
Apologies if you have already seen this, and you mean more specific info.
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aju
Member of DD Central
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Post by aju on Aug 21, 2020 11:36:49 GMT
I'm only in the 5 year, but have you gone into: Your borrower's loan details
Then scroll down for various details including these: Has the Provision Fund made a repayment on behalf of the borrower? No Has the borrower defaulted? No Does RateSetter consider that the borrower will repay in full? Yes Security backed No Security Interest enforced No Apologies if you have already seen this, and you mean more specific info. Thanks slippery, I have seen that info but I wondered which one of those options it might appear if at all as technically it has not defaulted, well they haven't on Zopa as such but RS is a different beast of course. On Zopa they are clearly marked as Covid affected, well in the month or so since they added an additional field to their externally facing data they are. I think it was garnering too many questions they added it in to stop them. If no one else knows I'll ask a direct question of RS.
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Post by pmc on Aug 21, 2020 11:46:57 GMT
I'm suspecting some of my loans are not making repayments at the moment as I've set my reinvestment settings high to stop that and still not really getting anything back.
If you go the 'money on loan' section you can see when repayments on the loan are due. Others on here have said that only Amortising Loans get monthly payments so click on the actual loan to check that. I'm expecting payments next week on some of my Amortising loans, so going to monitor if they materialise. Perhaps other could do the same and report back. If they're not getting paid it might indicate some sort of payment holiday has been offered to the borrower.
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Post by nervousnelly on Aug 22, 2020 10:45:02 GMT
On two of my three largest loans - it shows the borrower has defaulted but the provision fund has not made a repayment. Could this indicate a repayment holiday?
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ceejay
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Post by ceejay on Aug 22, 2020 13:17:12 GMT
On two of my three largest loans - it shows the borrower has defaulted but the provision fund has not made a repayment. Could this indicate a repayment holiday? That's one possibility. Another is that the borrower has defaulted in some other way (on another loan, or not reporting as required, say) but no payment is yet due so no PF payment has been required. For example, I have a 1Y loan that is shown as being in default but the payment isn't due for months...
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