Current state of play (FC)

This Year is a lot confusing

ignoring withdrawals I'm 5% up 

of that 5% 40% is the June sale
another 40% is other recoveries over the year

oddly defaults are very approximately the reverse of my gains

So in reality

repayments of 10% of which 40% is recoveries
60% is actual repayments so 6%

defaults 5% ! 

So 1% over 10.5 months

Still there.

My recovery balance is up to 11p now. Woo!

Thought I'd share this one. I check my FC account now and again as I still get the odd recovery.  This week £200 suddenly popped up in my available funds.  I tracked it down to a property development loan that should have been repaid over 4 years ago.  Here's the thing - my transaction statement had it recorded as an 'Early Principal Repayment'.

So my FC account, opened many years ago currently:

--------------

"Recent Loan Comments

There are comments for 245 loans you are currently exposed to. 126 are downgraded."


"My Loan Parts

You are currently lending to 0 businesses (0 loan parts) totalling £0.00. Your maximum exposure to any one business is 0.0% of your current amount lent."

--------------

Every now and then I log in and sometimes there are a few pounds/pennies there to withdraw. 

Question is, how long will this go on for? Will the tiny recoveries keep coming or will a time come where it can be shut down to save the hassle? 

Aware that the loans were sold off but unsure on the impact on keeping the account open....Because of the dwindling nature of all this I have to admit to taking my eye of the ball so interested in the views of others more learned!

"Not sure myself what they will do however I believe July/Aug 2024 will see the last of the live retail investment loans pay out (I have 3 that end then). So they will then have a better idea of how that part of the book looks like and perhaps come up with something. I guess they would like see the back of all the retail investors but who knows."

Those dates are interesting and as you say FC must be wanting to tidy this lot up eventually. I would like to understand why in my situation, and most likely most others, I am showing lending to zero businesses, yet have 245 loans i am exposed to and 126 downgraded. And with tiny sums still being added. Surely FC could address the confusion here...what will actually happen and when? As you say [currently] who knows?!

Just found a whole £4.02 thanks to this thread .  Under a fiver of not written off loans left.

Hmmm, thanks for that useful process, but I don't think I will bother. Over three accounts we are 'currently exposed to' exactly 100 loans, but they are not all 'downgraded', oh no, not at all. We have £10.51 of capital left in just one loan not defaulted. Its long-term has recently gone that way. We might has some sort of ceremony when the last one is defaulted.
What I would like them to do is to sell the rest of the debt and be done with it, please. It produced about £250 last time, which was a nice surprise.

Having said that I made a lot of cash from FC over the years and overall am very pleased with my involvement.