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Post by crabbyoldgit on Jun 1, 2024 14:20:35 GMT
So I have 19 loans with 1 month to go , but on reading the updates 13 of them are already very likely to be can kicked. That leaves 6 that still may pay and on last months results probably 3 will. This means I will be out of SC in 50 years time on that performance.☹️
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mogish
Member of DD Central
Posts: 1,092
Likes: 520
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Post by mogish on Jul 1, 2024 19:10:15 GMT
I have a couple of hu dred quid left in the following loans, 297,227, 191. Am i wasting my time logging into check these anymore?
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Post by peely999 on Jul 9, 2024 11:11:02 GMT
I have a couple of hu dred quid left in the following loans, 297,227, 191. Am i wasting my time logging into check these anymore? Lucky you, I have just short of £14k tied up, and just received approx £300 this month, at this rate I'll be 6ft under by the time they're released! 😒
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Post by crabbyoldgit on Jul 9, 2024 11:36:14 GMT
Ok I expected 3 and got full or part repayment on 15 , well done AC and borrowers. At this rate I could be out in 12 months. Of course pigs might fly , as we get down to the difficult dregs things will if AC do not do a runner become glassial. But hey ho let's take better news while it lasts.
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p2pfan
Member of DD Central
Full-Time Investor
Posts: 765
Likes: 868
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Post by p2pfan on Jul 9, 2024 19:37:40 GMT
Good to hear others are getting a fair whack of their funds returned.
I'm getting piddling amounts back in the last few months. These are literally pennies, even though I am owed a huge amount of money.
Almost all of my remaining loans - which are all in Manual Lending - are stuck in a limbo and neither paying capital nor interest.
The thing we all need to worry about is when AC declare administration. It's not a certain but there is a significant probability of that happening at some point in that future.
Other P2P platforms get to a point when they can't get payment on most loans and then go into administration. Two of the most recent examples are The House Crowd and Ablrate.
Then, as history proves, the chances of us getting any of our remaining money returned are very low.
At the moment AC is like a cowboy who has been shot a few times but he is still staggering along. How long it will be until he drops dead no one knows.
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ashtondav
Member of DD Central
Posts: 1,811
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Post by ashtondav on Jul 10, 2024 11:53:48 GMT
I have about £34K languishing in the access (rename required) account. I average about £1,000 a month so should be free within 3 years, but once we get to the dregs i'll unplug and cease looking except at xmas to cheer myself up! Absolutely disgraceful.
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Post by crabbyoldgit on Jul 11, 2024 6:56:42 GMT
Well this month I make my potential repayments 22, hopeing for 10, but the can kicking for extensions does not look good so far this month.
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Post by oppsididitagain on Jul 11, 2024 11:21:30 GMT
I have about £34K languishing in the access (rename required) account. I average about £1,000 a month so should be free within 3 years, but once we get to the dregs i'll unplug and cease looking except at xmas to cheer myself up! Absolutely disgraceful. I have over £60K in the not so QAA and only getting about 1100 PM. seems like I should be getting more back. anyone know what the pro rata formula AC use to work out the distributions ?
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rscal
Posts: 985
Likes: 536
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Post by rscal on Jul 11, 2024 14:36:48 GMT
I have about £34K languishing in the access (rename required) account. I average about £1,000 a month so should be free within 3 years, but once we get to the dregs i'll unplug and cease looking except at xmas to cheer myself up! Absolutely disgraceful. I have over £60K in the not so QAA and only getting about 1100 PM. seems like I should be getting more back. anyone know what the pro rata formula AC use to work out the distributions ? Of course it makes little difference knowing - they either distribute as available or they don't yet these ALL-IMPORTANT figures do not seem to be published anywhere official - which detracts from the credibilty of the exercise a bit.
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mogish
Member of DD Central
Posts: 1,092
Likes: 520
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Post by mogish on Jul 13, 2024 10:18:12 GMT
I will get my coat then....
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Post by crabbyoldgit on Aug 2, 2024 19:03:20 GMT
Well potential last month was 22 repaid loans hoped for 10 got 12, next month potential 18 hope for 9, feeling hopefully deluded.🤔
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