Looks Like I'm Finally Out of Here! (FC)

Some of you will recall that I commenced winding down my FC portfolio in September 2017, since when I continued to receive some repayments and then more latterly only recovery payments on bad debt. Until recently I have been logging in monthly and transferring out ad-hoc amounts once I considered it to be worthwhile but for the last couple of years that has only been @ £25 a throw.

After more than six long years, I can now report that the recent Bad Debt Sale seems to have resulted in all loans for which I was continuing to receive small recovery payments being purchased - for a grand total to me of £36.55 (for those posting similar info. on another thread who may be interested) so I withdrew the full £47.55 which was sitting in my account at the end of last month, reducing my account balance to zero for the first time! I'm assuming it will stay there for the long term now, possibly forever.

My total investment into FC was £12k and by commencement of wind-down I had already withdrawn 100% of that. Withdrawals since (including all of the above) have totalled £5647.55, so not a bad return on investment (made in 2012) in my view even though it's taken more than six years since I applied the breaks to come to a full halt.