|
|
Post by kevin1841 on Jan 13, 2022 19:45:26 GMT
1p remaining in missed payments Same here - I'm furious!
|
|
zlb
Member of DD Central
Posts: 1,422
Likes: 333
|
Post by zlb on Jan 13, 2022 19:47:40 GMT
I've been able to withdraw everything on offer - but I have been winding the holding down for a very long time, so it didn't amount to much. So, since they made the announcement, I've done two withdrawals - that initial block, where most of it appeared, after which I expected the rest to be treated as defaults and get nothing.
However today, there was a small remainder sitting in holding. I don't know how much of it was lost to £0 repayment.
|
|
wapping35
Member of DD Central
Posts: 385 
Likes: 210
|
Post by wapping35 on Jan 14, 2022 10:52:52 GMT
1p remaining in missed payments I have 4p still invested in Zero loans  ?? I have emailed Zopa to explain after all they say only close the account when the balance is zero. 
|
|
mogish
Member of DD Central
Posts: 1,105
Likes: 527
|
Post by mogish on Jan 14, 2022 12:04:31 GMT
statements downloaded this morning, funds sitting waitingon isa transfer out before closing account.
standard account, was running down over last year...result MINUS 93p.
ISA produced a positive return of 3.6%.
Hardly brilliant but better than the banks.
According to my statements , over both accounts , defaults were around 50%(is this average!!?) with recoveries around 25% so I guess 25% defaults overall.
These were fag packet numbers , no real calculatiosn involved as im just happy to be closing another account.
Was i unlucky or is this what others found.?
|
|
trium
Member of DD Central
Posts: 384
Likes: 304
|
Post by trium on Jan 14, 2022 16:29:08 GMT
For me, defaults 60.8%. Recoveries 16.6% of defaults, so net bad debt 50.7% of interest earned.
One would expect lower figures in Classic/Core. Figures should also be lower if you were investing during the Safeguard era (above figures mostly exclude these elements)
|
|
|
|
Post by multiaccountmanager on Jan 14, 2022 20:25:13 GMT
Taffy, Just to take issue with one point, late purchases mean more time to default loans so no payout on those. Also I should mention my original message stated the zopa email said purchases would be complete by end February. 1 previously purchase completion was to be by end Jan 2 It did NOT say the ISA transfer out would be by end Feb All seems well, ZOPA sent an email saying all my loan purchases are complete, That is 6 weeks earlier than their previous email stated.
|
|
|
|
Post by Ton ⓉⓞⓃ on Jan 15, 2022 23:24:19 GMT
Zopa's done it to me, but they have said this to me via email
The above might be useful to someone.
ISA's got pence(?) in it. |
|
Greenwood2
Member of DD Central
Posts: 4,376
Likes: 2,780
|
Post by Greenwood2 on Jan 16, 2022 10:19:52 GMT
statements downloaded this morning, funds sitting waitingon isa transfer out before closing account. standard account, was running down over last year...result MINUS 93p. ISA produced a positive return of 3.6%. Hardly brilliant but better than the banks. According to my statements , over both accounts , defaults were around 50%(is this average!!?) with recoveries around 25% so I guess 25% defaults overall. These were fag packet numbers , no real calculatiosn involved as im just happy to be closing another account. Was i unlucky or is this what others found.? My final figures were ISA core 2.99% Isa Plus 4.72%, Non ISA 3.93% Core, 4.72% Plus. Most funds were in plus so about 4.5% overall.
|
|
aju
Member of DD Central
Posts: 3,500
Likes: 924
|
Post by aju on Jan 16, 2022 17:58:11 GMT
statements downloaded this morning, funds sitting waitingon isa transfer out before closing account. standard account, was running down over last year...result MINUS 93p. ISA produced a positive return of 3.6%. Hardly brilliant but better than the banks. According to my statements , over both accounts , defaults were around 50%(is this average!!?) with recoveries around 25% so I guess 25% defaults overall. These were fag packet numbers , no real calculatiosn involved as im just happy to be closing another account. Was i unlucky or is this what others found.? My final figures were ISA core 2.99% Isa Plus 4.72%, Non ISA 3.93% Core, 4.72% Plus. Most funds were in plus so about 4.5% overall. They are pretty respectable, are they XIRR's and when did you start from. I haven't actually finished our XIRR's as yet but i'm not convinced we will be that lucky. We are well into the black but we did seem to lose quite a bit in defaults over the last couple of years with quite a few months in full loss since start of covid!. I've only managed to get our tables loaded into excel but am still analysing. Checking against the data taken a week or so ago i'm not sure we lost that much in defaulted loans towards the end.
|
|
Greenwood2
Member of DD Central
Posts: 4,376
Likes: 2,780
|
Post by Greenwood2 on Jan 16, 2022 18:27:55 GMT
My final figures were ISA core 2.99% Isa Plus 4.72%, Non ISA 3.93% Core, 4.72% Plus. Most funds were in plus so about 4.5% overall. They are pretty respectable, are they XIRR's and when did you start from. I haven't actually finished our XIRR's as yet but i'm not convinced we will be that lucky. We are well into the black but we did seem to lose quite a bit in defaults over the last couple of years with quite a few months in full loss since start of covid!. I've only managed to get our tables loaded into excel but am still analysing. Checking against the data taken a week or so ago i'm not sure we lost that much in defaulted loans towards the end. That's just the Zopa Nar values (from 2016 on?) I suspect earlier rates were at least as good. Also an early adopter bonus to add plus tax offset on defaults so not bad. I did have loads of early data (from 2005 on) but lost or discarded over time.
|
|
|
|
Post by Ace on Jan 16, 2022 18:49:16 GMT
They are pretty respectable, are they XIRR's and when did you start from. I haven't actually finished our XIRR's as yet but i'm not convinced we will be that lucky. We are well into the black but we did seem to lose quite a bit in defaults over the last couple of years with quite a few months in full loss since start of covid!. I've only managed to get our tables loaded into excel but am still analysing. Checking against the data taken a week or so ago i'm not sure we lost that much in defaulted loans towards the end. That's just the Zopa Nar values (from 2016 on?) I suspect earlier rates were at least as good. Also an early adopter bonus to add plus tax offset on defaults so not bad. I did have loads of early data (from 2005 on) but lost or discarded over time. I only ever used Plus. My NAR quoted by Zopa is 4.16%. The true XIRR is 3.13%. I expect that the difference is due to Zopa not taking the cash drag into account.
|
|
|
|
Post by df on Jan 16, 2022 20:20:31 GMT
That's just the Zopa Nar values (from 2016 on?) I suspect earlier rates were at least as good. Also an early adopter bonus to add plus tax offset on defaults so not bad. I did have loads of early data (from 2005 on) but lost or discarded over time. I only ever used Plus. My NAR quoted by Zopa is 4.16%. The true XIRR is 3.13%. I expect that the difference is due to Zopa not taking the cash drag into account. What is NAR and where is it quoted, I couldn't find any % quotes. I've only used 'legacy' Classic and Access accounts. My earnings are 8.1% of the sum deposited. That's over the period of 5 years and 3 months. Cash drag was minimal and I've stopped reinvesting at the point when they introduced new accounts and scrapped PF. Does that make XIRR at approx 1.6%? In any case, I'm happy with the journey. Zopa needed very little maintenance, never gave me any stress and I've ended with some profit.
|
|
|
|
Post by Ace on Jan 16, 2022 20:50:46 GMT
I only ever used Plus. My NAR quoted by Zopa is 4.16%. The true XIRR is 3.13%. I expect that the difference is due to Zopa not taking the cash drag into account. What is NAR and where is it quoted, I couldn't find any % quotes. I've only used 'legacy' Classic and Access accounts. My earnings are 8.1% of the sum deposited. That's over the period of 5 years and 3 months. Cash drag was minimal and I've stopped reinvesting at the point when they introduced new accounts and scrapped PF. Does that make XIRR at approx 1.6%? In any case, I'm happy with the journey. Zopa needed very little maintenance, never gave me any stress and I've ended with some profit. NAR = Net Annualised Return. Zopa quote it on their lending-summary page under "Performance so far". " Does that make XIRR at approx 1.6%?" Answer: Yes, approximately. If you made a deposit in one go, then made just one withdrawal of all cash exactly 5.25 years later, the XIRR would be 1.4946...%. I.e. e x(log n(1.081)/5.25). If you had multiple transactions to and from your bank account you need a more detailed way to calculate your XIRR. See p2pindependentforum.com/post/108511/thread for an example of how to do it.
|
|
|
|
Post by df on Jan 16, 2022 21:54:32 GMT
What is NAR and where is it quoted, I couldn't find any % quotes. I've only used 'legacy' Classic and Access accounts. My earnings are 8.1% of the sum deposited. That's over the period of 5 years and 3 months. Cash drag was minimal and I've stopped reinvesting at the point when they introduced new accounts and scrapped PF. Does that make XIRR at approx 1.6%? In any case, I'm happy with the journey. Zopa needed very little maintenance, never gave me any stress and I've ended with some profit. NAR = Net Annualised Return. Zopa quote it on their lending-summary page under "Performance so far". " Does that make XIRR at approx 1.6%?" Answer: Yes, approximately. If you made a deposit in one go, then made just one withdrawal of all cash exactly 5.25 years later, the XIRR would be 1.14946...%. I.e. e x(log n(1.081)/5.25). If you had multiple transactions to and from your bank account you need a more detailed way to calculate your XIRR. See p2pindependentforum.com/post/108511/thread for an example of how to do it. Thank you  I thought it is something on my individual account page that I can't find. It looks like my XIRR is lower than I thought. One half I've invested at the start (was about a week of cash drag) and the rest in smaller portions over the following months... Still happy that I'm not at loss with Zopa. I've had a go at XIRR on more than one occasion, followed the post and downloaded the template, but could never get it working. I've always been bad at Excel, must be a curse I will have another go at some point and might be lucky.
|
|
|
|
Post by Ace on Jan 16, 2022 23:19:49 GMT
NAR = Net Annualised Return. Zopa quote it on their lending-summary page under "Performance so far". " Does that make XIRR at approx 1.6%?" Answer: Yes, approximately. If you made a deposit in one go, then made just one withdrawal of all cash exactly 5.25 years later, the XIRR would be 1.14946...%. I.e. e x(log n(1.081)/5.25). If you had multiple transactions to and from your bank account you need a more detailed way to calculate your XIRR. See p2pindependentforum.com/post/108511/thread for an example of how to do it. Thank you  I thought it is something on my individual account page that I can't find. It looks like my XIRR is lower than I thought. One half I've invested at the start (was about a week of cash drag) and the rest in smaller portions over the following months... Still happy that I'm not at loss with Zopa. I've had a go at XIRR on more than one occasion, followed the post and downloaded the template, but could never get it working. I've always been bad at Excel, must be a curse I will have another go at some point and might be lucky. Zopa's calculation of your NAR is on your your individual account page. I.e. on page investors.zopa.com/investment/lending-summary. df, do you use Google Sheet's? If so I can PM you a share of my working sheet for Zopa if that would help.
|
|
?? I have emailed Zopa to explain after all they say only close the account when the balance is zero.
I thought it is something on my individual account page that I can't find.
I thought it is something on my individual account page that I can't find.