rscal
Posts: 985
Likes: 537
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Post by rscal on Aug 3, 2021 15:30:33 GMT
As suggested, I want to understand the figures on my account summary. We have:
Available Cash
£cc.cc
Lending
£L,LLL.LL
Loans
127
Max Exposure
e.e%
Expected Return
y.y%
Total Net Earnings
£t,ttt.tt
Total Rate of Return
r.r%
Bad Debt
£bbb.bb
when 'bb' goes up/down is it 'tt' that moves in sync, while 'LL' is unaffected?
Thanks
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Post by df on Aug 3, 2021 22:06:20 GMT
As suggested, I want to understand the figures on my account summary. We have:
Available Cash
£cc.cc
Lending
£L,LLL.LL
Loans
127
Max Exposure
e.e%
Expected Return
y.y%
Total Net Earnings
£t,ttt.tt
Total Rate of Return
r.r%
Bad Debt
£bbb.bb
when 'bb' goes up/down is it 'tt' that moves in sync, while 'LL' is unaffected?
Thanks
I think 'tt' is the total of your interest repayments, so it shouldn't go down, but can go up when recoveries come in (so not exactly in sink). 'LL' can be affected when 'bb' goes up. That's my understanding, but I might be wrong.
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rs
Member of DD Central
Posts: 467 
Likes: 254
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Post by rs on Sept 1, 2021 17:33:52 GMT
As suggested, I want to understand the figures on my account summary. We have:
Available Cash
£cc.cc
Lending
£L,LLL.LL
Loans
127
Max Exposure
e.e%
Expected Return
y.y%
Total Net Earnings
£t,ttt.tt
Total Rate of Return
r.r%
Bad Debt
£bbb.bb
when 'bb' goes up/down is it 'tt' that moves in sync, while 'LL' is unaffected?
Thanks
I think 'tt' is the total of your interest repayments, so it shouldn't go down, but can go up when recoveries come in (so not exactly in sink). 'LL' can be affected when 'bb' goes up. That's my understanding, but I might be wrong. I think you're wrong df. TT should move up & down in sinc with bb. The lending crowd website does say this if you scroll on top of 'total net earnings'.
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rscal
Posts: 985
Likes: 537
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Post by rscal on Feb 21, 2024 18:12:50 GMT
Got a nice payout from a loan that defaulted over two years ago with nothing seen since. LC got a favorable decision last month or so and the owners have found all the money or their business was sold. But the full capital return with just the interest lost.
(That makes for two significant recoveries this month I only have a couple hundred still to be repaid now. 97% of capital and a similar proportion of the interest I would imagine - well into positive territory.)
Well done LC!
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rscal
Posts: 985
Likes: 537
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Post by rscal on Mar 8, 2024 20:01:54 GMT
Been swanning around the website and wanted to check with defaults. I can provide some data of performance now
Investor Reward ('top up') 3.78%
Net Investment (therefore) 96.2%
Into default 8.44% (43 loans)
Of this 8.44% of original capital:[8.60]
Recovered in full (11 loans w/10% interest) : 2.31%, leaving
Remaining defaults: 6.29%
- Partially recovered capital: 3.35% (c. 54%) leaving
- Irrecoverable capital: 1.13% (c.18%) leaving
- Still Under Recovery: 1.81%
Performing Loan Portfolio: 1.13%
GROSS interest (which ignores Bonuses) 15.1% If bonuses are included it goes to 19.7%
But I wanted a breakdown of their 'gross' figure for defaults to understand where I stand. Of 8.60% they have recovered 5.66 [2/3rds] whilst Keeping 91% of loans fully performing
EDIT: The defaults which are 'closed' (deemed irrecoverable) can be seen now by clicking in the name field which gives the date when closed if applicable - so no need any more to click through to the loan comments. (I mention this b/c I raised the question with them only a week ago and today that feature has appeared!)
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rscal
Posts: 985
Likes: 537
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Post by rscal on Apr 16, 2024 14:23:00 GMT
A further two loans have just been recovered it looks (w/ some interest)
Recovered in full 14/44
Remaining default 2.82% (which includes about 1.13% 'irrecoverable)
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