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Post by Ace on Jun 1, 2024 8:01:56 GMT
Another loan in default has just repaid in full with penalty interest (The C****r D*g, H*******s L**e). It was 2 years and 4 months beyond its due date. There are now 35 in default (64 defaulted, of which 29 have since repaid/settled, 1 of which had a small capital loss).
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Post by Ace on Jun 5, 2024 6:54:45 GMT
Another 2 projects are in default, so now 37 in default (66 defaulted, of which 29 have since repaid/settled, 1 of which had a capital loss).
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Post by Ace on Jun 13, 2024 7:42:53 GMT
Another loan in default has just repaid in full with penalty interest (57 St D******s A****e). It was just over 6 months beyond its due date, so only in default for a few days. There are now 36 in default (66 defaulted, of which 30 have since repaid/settled, 1 of which had a small capital loss).
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Post by Ace on Jun 21, 2024 7:44:45 GMT
Another project is in default, so now 37 in default (67 defaulted, of which 30 have since repaid/settled, 1 of which had a capital loss).
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jcb208
Member of DD Central
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Post by jcb208 on Jun 21, 2024 16:27:23 GMT
Very slow at recovering money,I have many loans been in default for ages
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Post by Ace on Jun 28, 2024 7:40:58 GMT
Another 2 projects are in default, so now 39 in default (69 defaulted, of which 30 have since repaid/settled, 1 of which had a capital loss).
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Post by overthehill on Jun 28, 2024 13:17:27 GMT
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Post by overthehill on Jun 28, 2024 13:26:38 GMT
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brummiefred
Member of DD Central
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Post by brummiefred on Jun 28, 2024 16:45:29 GMT
Substantial partial repayment against one of the long overdue loans this afternoon
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Post by Ace on Jun 28, 2024 18:49:12 GMT
Substantial partial repayment against one of the long overdue loans this afternoon I think that it's supposed to be a full repayment of interest and capital, but some of the repayments seem to have gone a bit wrong. I.e. some of my tranches have been fully repaid, but others have been partially repaid. The second charge loan on CPC has had a full capital repayment, but no interest yet. Looks like a bit of a cock-up to me. I expect they'll sort it out, it's not the first time I've seen this. A very welcome repayment, with lots of default interest, once it's sorted.
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Post by Ace on Jun 29, 2024 7:37:09 GMT
The stats page has been updated to show yesterday's repayment of 9**4 W******l R**d B*******d. It was 18 months beyond its due date. There are now 38 in default (69 defaulted, of which 31 have since repaid/settled, 1 of which had a small capital loss).
As above, the lender transactions for some of the tranches have been left in an inconsistent state, where they state that the funds have been fully repaid but the stated amount of capital repayment is less than the capital lent. I've seen this before, and expect that if will get fixed early next week. It's really bad form for CP to leave the lender accounts in this inconsistent state, especially over the weekend, but excellent news that this large and long defaulted loan has been guided through to a successful completion.
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eeyore
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Post by eeyore on Jun 29, 2024 11:05:35 GMT
Same problem here!
My partner & I each had five phases of this eight-phase 92-94*** loan. According to the transaction log, one of us has had one phase's capital+interest (last transaction yesterday was timed at 12:22) and the other has had two phases of capital+interest (last transaction at 15:48), but there are messages (sent between 18:12 & 18:26) in both inboxes for all five phases saying the cash is being credited . However, the messages include the ominous words: "Please note, there is a slight delay in processing this repayment and if it's not already, should display shortly". We've withdrawn what cash has been processed and await the rest...
Update: The downloads of the pledge summaries match the transactions, showing one account with one loan phase having been fully repaid with four still only partially repaid, and the other account showing two loan phases having been fully repaid with three still only partially repaid.
Correction to update!: Ooops, the pledge list is inconsistent - all the loan phases for this loan have a Status of "Paid Back in Full", but for the loan phases where the cash has yet to be credited, the Outstanding Capital is non-zero - it displays the capital yet to be credited.
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Post by overthehill on Jun 29, 2024 21:27:43 GMT
18 months beyond its due date is mere bagatelle, I've got 3 loans that are 1124, 932 and 914 days overdue.
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mcfc
I’m invested in Qardus, Loanpad, Proplend, and Crowproperty
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Post by mcfc on Jun 29, 2024 21:37:28 GMT
I agree, 18 months is a timely payment with CP 🤣
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littleoldlady
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Running down all platforms due to age
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Post by littleoldlady on Jul 1, 2024 8:09:48 GMT
18 months beyond its due date is mere bagatelle, I've got 3 loans that are 1124, 932 and 914 days overdue. Is there an easy way of finding these figures? And what point in time are you using for the reference? The loan end date seems to be a moveable feast for CP.
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