keitha
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2024, hopefully the year I get out of P2P
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Post by keitha on Feb 13, 2024 13:02:56 GMT
having a look at them they appear to be loans where the period was extended during covid.
in my case i've had 0.5% of the original loan amount as interest on at least 3 loans.
t it does produce funny figures as my spreadsheet is taking this into account and says I'll get 55% interest this year !
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adrian77
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Post by adrian77 on Feb 14, 2024 11:39:13 GMT
thanks for poining it out - I am also getting repayments on loans - I only have bad debts with the following message
well I am not complaining
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keitha
Member of DD Central
2024, hopefully the year I get out of P2P
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Post by keitha on Feb 21, 2024 11:15:16 GMT
Down to 14 repayable - 7 live 7 late, one of the lates is 5 months behind.
but in good news 1/3 of 1% as interest on another repaid loan.
if I calculate interest for this year so far I've had 8% on my start of year balance which if it continued through the year would be 56%.
Of course it won't.
Wrote too soon
more interest on more loans come through now just over 10% on start of year balance.
now equivalent to 72% over a year.
of course if posting causes chunks of interest to appear I'll keep doing it
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keitha
Member of DD Central
2024, hopefully the year I get out of P2P
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Post by keitha on Mar 8, 2024 15:59:21 GMT
 Now at an annual interest rate of 78%, for clarify that's very simple interest ie ( (interest paid this year / days so far) *366 ) / amount outstanding at first Jan still seriously warped by interest payments against loans already repaid, i guess some of these are loans they extended during covid, but as well all know information from FC is thin to say the best
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Post by indexfund on Mar 15, 2024 8:17:23 GMT
I too am still receiving small payments frrom FC.
245 loans, all showing as bad debt but every month there is a dribble of interest.
As others have said, I'm not complaining...
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keitha
Member of DD Central
2024, hopefully the year I get out of P2P
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Post by keitha on Mar 28, 2024 11:12:14 GMT
Another on a loan that paid off last month again this is about 1% of the original loan amount, now running at a silly nearly 80% if the interest keeps coming at this rate.
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keitha
Member of DD Central
2024, hopefully the year I get out of P2P
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Post by keitha on Apr 3, 2024 13:11:13 GMT
And another.
annual interest rate now 112%
Now 4 Payments in April representing 25% of the amount I had in Live / Late Loans as at 1/1/24, these are interest payments on paid off loans no associated principal payments
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Now at an annual interest rate of 78%, for clarify that's very simple interest ie ( (interest paid this year / days so far) *366 ) / amount outstanding at first Jan