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Post by Ace on May 26, 2022 19:32:49 GMT
I currently have approximately 30% of my total funds invested reported as being “due”… in other words.. Late. Is this other investors experience and should we be concerned? It ebbs and flows. Mine is currently 17.5% of invested funds are overdue. 30% does sound high. How diversified are you?
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mcfc
I’m invested in Qardus, Loanpad, Proplend, and Crowproperty
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Post by mcfc on May 27, 2022 10:27:25 GMT
Hi Ace.
I have 88 loans,.. although some are in the same project, just separate phases ( phase 1, phase 2 etc).
My portfolio is a decent 5 figure one, although in respect of diversification it is reasonable to say the 30% figure I quoted is skewed slightly by a couple of the loans being of a larger value. However it does still represent what I would consider to be a concerning percentage of loans being late, and so was wondering if that was typically for other investors.
Regards.
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Post by Ace on May 27, 2022 11:03:08 GMT
Hi Ace. I have 88 loans,.. although some are in the same project, just separate phases ( phase 1, phase 2 etc). My portfolio is a decent 5 figure one, although in respect of diversification it is reasonable to say the 30% figure I quoted is skewed slightly by a couple of the loans being of a larger value. However it does still represent what I would consider to be a concerning percentage of loans being late, and so was wondering if that was typically for other investors. Regards. That's well enough diversified. I only asked because the last outcomes statement shows that 41.5% of lenders are in 10 loans or fewer. I have 120 loans on the same basis. My percentage of overdue capital reduced to 17.0% this morning due to a repayment. Another, smaller, account that I manage has 12.8% overdue. I had a look at the states page, but there's no way of working out the average percentage of overdue capital from there. Perhaps a few others will post to allow you to see if your's is exceptional.
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a0010402
Member of DD Central
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Post by a0010402 on May 27, 2022 11:44:23 GMT
I haven't got any Late ones with CP yet, as this account is new. However at this early stage I'm pursuing deployment of funds, not diversification. There's precious little chances to catch a loan that needs topping up in Self Select, maybe one a week. As the opportunities are scarce, when one presents itself I place a pledge on it as large as I can, not just £500.
IMHO diversification is overrated. Diversification is meant to reduce your risk of ruin, not augment your returns. I'm placing a bet that the risk of ruin is small enough, and partly addressed through platform diversification already, so I don't need to make it a priority here.
So once my loans are due, I may well end up with over the average ratio of Late loans for users of this platform, or under, as there's no telling what effect the relative lack of diversification will have, and with lower or higher returns, and I'm cool with that.
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Post by overthehill on May 27, 2022 11:55:41 GMT
Hi Ace. I have 88 loans,.. although some are in the same project, just separate phases ( phase 1, phase 2 etc). My portfolio is a decent 5 figure one, although in respect of diversification it is reasonable to say the 30% figure I quoted is skewed slightly by a couple of the loans being of a larger value. However it does still represent what I would consider to be a concerning percentage of loans being late, and so was wondering if that was typically for other investors. Regards. That's well enough diversified. I only asked because the last outcomes statement shows that 41.5% of lenders are in 10 loans or fewer. I have 120 loans on the same basis. My percentage of overdue capital reduced to 17.0% this morning due to a repayment. Another, smaller, account that I manage has 12.8% overdue. I had a look at the states page, but there's no way of working out the average percentage of overdue capital from there. Perhaps a few others will post to allow you to see if your's is exceptional.
My overdue capital, past agreed end date, is 30% across 34 fully diversified loans, a couple are looking very dicey if they want to keep their 100% repayment record.
The other thing I don't like is the uncommunicated creeping start date for many loans which reduces a 1 year loan of 7.5% by 0.625% for every month of delayed start, significant.
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firedog
Member of DD Central
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Post by firedog on May 27, 2022 12:34:48 GMT
That's well enough diversified. I only asked because the last outcomes statement shows that 41.5% of lenders are in 10 loans or fewer.
The other thing I don't like is the uncommunicated creeping start date for many loans which reduces a 1 year loan of 7.5% by 0.625% for every month of delayed start, significant. Yeah, it's frustrating: much prefer Kuflink's approach of counting interest from the day you pledge - and offering you the change to opt out until the moment the loan starts.
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Post by Ace on May 27, 2022 14:30:20 GMT
The other thing I don't like is the uncommunicated creeping start date for many loans which reduces a 1 year loan of 7.5% by 0.625% for every month of delayed start, significant. Yeah, it's frustrating: much prefer Kuflink's approach of counting interest from the day you pledge - and offering you the change to opt out until the moment the loan starts. You have to counter that against CP's policy of paying us an extra 2% pa from the day a loan goes late. Kuflink charge the borrower extra but keep it all for themselves. It's become much closer for me between CP and K, but I'd still rank CP ahead of K if pushed. Happy to still invest with both.
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billt
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Post by billt on Jun 1, 2022 11:38:21 GMT
Anyone else invested in Br---- Vi--- N-r----s that started in 2020 and was due to pay back 18/05/2022, I see that today the new loan was fully funded but the original loan has not been repaid, I have contacted CP but no reply to date.
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Post by Ace on Jun 1, 2022 12:01:21 GMT
Anyone else invested in Br---- Vi--- N-r----s that started in 2020 and was due to pay back 18/05/2022, I see that today the new loan was fully funded but the original loan has not been repaid, I have contacted CP but no reply to date. Yes, I'm in it. The old loan won't get repaid until the new loan starts. Pledges for the new loan were collected today, but it isn't scheduled to go live until the week beginning 13th June. The old loan will repay shortly after that.
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billt
Posts: 89
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Post by billt on Jun 1, 2022 13:24:46 GMT
Thanks Ace, on the ball as usual, you should be on a commission  |
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huxs
Member of DD Central
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Post by huxs on Jul 22, 2022 11:21:15 GMT
I should probably know this by now but how do you see the latest comments about overdue loans, I am sitting with about 25% of my loans now overdue , my oldest going back to Apr 2021. Surely I don't have to trawl through my inbox looking for an update do I ?
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Post by Ace on Jul 22, 2022 11:32:25 GMT
I should probably know this by now but how do you see the latest comments about overdue loans, I am sitting with about 25% of my loans now overdue , my oldest going back to Apr 2021. Surely I don't have to trawl through my inbox looking for an update do I ? I'm sorry to say that laboriously trawling through your CP messages is the only way to discover comments about loans on CP. There's no search facility. Yes, it's a known disgrace that they've failed to address for at least a couple of years. You could ask their CS to do it for you as they would presumably have easier access. I haven't tried so don't know if they would oblige.
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sussexpeer
Member of DD Central
If you don't make a plan, you'll end up where you're headed.
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Post by sussexpeer on Jul 22, 2022 11:32:41 GMT
I should probably know this by now but how do you see the latest comments about overdue loans, I am sitting with about 25% of my loans now overdue , my oldest going back to Apr 2021. Surely I don't have to trawl through my inbox looking for an update do I ? Yes, you have to look through your inbox. Or you can ask CP for the date(s) of the relevant messages. I asked CP this very question when I received an update which referred to an earlier message. I had 35 pages of inbox messages to search, so I asked CP to give me the date of the previous message, which they did. i made a suggestion to CP to save everyone time: "Suggestion: Maybe project-related emails and info could be posted onto the project itself, viewable only by investors in that project?" this was their reply: "Thank you for your message. We do appreciate all investor feedback and will ensure your suggestion is forwarded to the most relevant member of the team."
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Post by Ace on Jul 22, 2022 11:37:34 GMT
I should probably know this by now but how do you see the latest comments about overdue loans, I am sitting with about 25% of my loans now overdue , my oldest going back to Apr 2021. Surely I don't have to trawl through my inbox looking for an update do I ? For what it's worth, my last two personal abridged notes for the April 2021 loan are: 21/4/22 Still awaiting sign-off due to damaged balustrade. Close to agreeing terms on 4 units. 5/7/22 Landscape works to finish soon. 2 of 18 apartments reserved.
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Post by overthehill on Jul 22, 2022 11:40:56 GMT
I should probably know this by now but how do you see the latest comments about overdue loans, I am sitting with about 25% of my loans now overdue , my oldest going back to Apr 2021. Surely I don't have to trawl through my inbox looking for an update do I ? Yes, you have to look through your inbox. Or you can ask CP for the date(s) of the relevant messages. I asked CP this very question when I received an update which referred to an earlier message. I had 35 pages of inbox messages to search, so I asked CP to give me the date of the previous message, which they did. i made a suggestion to CP to save everyone time: "Suggestion: Maybe project-related emails and info could be posted onto the project itself, viewable only by investors in that project?" this was their reply: "Thank you for your message. We do appreciate all investor feedback and will ensure your suggestion is forwarded to the most relevant member of the team." Quickest way assuming you keep CP emails is to search your own email to get the dates of any updates e.g. crowdproperty update property-name
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