Loans repaying in next month (AC)

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! 😒

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.

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.

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.