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Post by davee39 on Sept 10, 2020 10:56:59 GMT
Is the suspended loans view displayed by (Marketplace->Live Loans->Default status ) a complete list of all historical/current bad loans which have not been repaid in full (capital+interest) ?
Do partial recoveries, even ones with no prospect of further recovery, just stay visible on this list for perpetuity ? Is there a 4th status in addition to active, repaid or default ?
Of course not. That would be when the provision fund would have to be paid out, which has been scientifically proven to be impossible.
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Post by overthehill on Sept 10, 2020 18:16:40 GMT
First time I've used the MLA so some may read this as an obvious observation.
I was just trying to confirm whether the loans listed under 'Live Loans' + 'Repaid Loans' was the full historical loan record. Using the few examples I could find, it seems that a loan that has taken money from and not (yet) returned it to the provision fund (to cover capital or interest losses) remains in the 'Live Loans' with a status of default. I'm impressed that AC don't try to bury these loans in a less accessible source as repaid to all accounts except the MLA ! The ones with capital valuations=0 are going to be there forever for new investors to see.
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