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Post by GSV3MIaC on Sept 11, 2015 10:09:13 GMT
 I'm in 14406 also, for a whopping £20, it all looks fine to me on the face of it, the Q&A should have put me off however.
The <not>A you mean .. the Qs looked reasonable. 'Borrower is unable to read' or 'unwilling to type' is always a worrying sign. Mind you anything with 'wholesale' 'stock' etc in the title is bad too (wine, jeans, T-shirts .. a long list of vaporware products).
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Post by longjohn on Sept 19, 2015 11:19:35 GMT
It's official - Fridays have bad news too.
18 Sept - 13541-A. RBR'd due to a credit event after just two repayments.
John
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chrisf
Member of DD Central
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Post by chrisf on Oct 1, 2015 16:33:37 GMT
So three B-rated whole loans went into default today, I haven't been keeping track: are these the first whole loans to go pop? Or is this the first time that the default update separated out the whole loans?
(Defaults from today pasted below)
Loan ID 3441 (Original risk band B)
Loan ID 1706 (Original risk band C)
The following loans are whole loans:
Loan ID 10763 (Original risk band B)
Loan ID 9218 (Original risk band B)
Loan ID 7687 (Original risk band B)
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blender
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Post by blender on Oct 5, 2015 8:07:48 GMT
Interesting that of my three defaults which have been making regular monthly recovery payments, two have missed the September payment. September must be a tight month for cash.
A graph of the seasonality of defaults might be valuable.
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Post by GSV3MIaC on Oct 5, 2015 15:37:03 GMT
I'd love to know the inside story on 9292, a 6-month A whole loan which defaulted with (so far) no recovery with no repayments made. If it was a PL, I guess FC might have had to dip into their own pocket. The loanbook doesn't seem to show any recovery yet though. I wonder if the FC recovery team does the same thing with WLs at they do with PLs?
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Post by longjohn on Oct 8, 2015 10:30:34 GMT
I've just gone off Fridays too. 10851 A+ has just gone pop after six months, however the guarantors appear to want to continue repaying via another company so FC rates it as green. John Blast! I'd already sold 90% of my original holding in this one and had the final 10% on the SM when it went pop. So near and yet so far. 08 Oct - The directors have stopped talking so now it's in default and that green rating has changed to red. John
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oldgrumpy
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Post by oldgrumpy on Oct 8, 2015 10:38:34 GMT
So much for Futile Coccups's judgement on awarding this an A+ status.
Was this a rejected Whole Loan?
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arbster
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Post by arbster on Oct 8, 2015 11:47:38 GMT
So much for Futile Coccups's judgement on awarding this an A+ status. Was this a rejected Whole Loan? Yes, it was.
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adrianc
Member of DD Central
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Post by adrianc on Oct 8, 2015 12:53:22 GMT
I think I might be about to go through and identify all my rejected WL parts...
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SteveT
Member of DD Central
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Post by SteveT on Oct 8, 2015 12:54:12 GMT
I think I might be about to go through and identify all my rejected WL parts... My thought exactly
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fasty
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Post by fasty on Oct 8, 2015 13:17:17 GMT
I think I might be about to go through and identify all my rejected WL parts... I've forgotten, is there an easy way of telling them apart....?
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SteveT
Member of DD Central
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Post by SteveT on Oct 8, 2015 13:19:56 GMT
I think I might be about to go through and identify all my rejected WL parts... I've forgotten, is there an easy way of telling them apart....? Only via the loan book. See other thread from this morning.
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Post by aloanatlast on Oct 8, 2015 13:25:52 GMT
I've forgotten, is there an easy way of telling them apart....? Only via the loan book. See other thread from this morning. The little mirky one just listed has an out of order loan ID, which I take to be a giveaway. Went straight to 65% without flipper assistance. Though not even the zinga-bot could have filled it in less time than it took to read the blurbs. Can anybody spot what it is about that loan that says A+?
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bigfoot12
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Post by bigfoot12 on Oct 8, 2015 13:29:03 GMT
Just got back from doing that. I didn't have many, and certainly too few to make a statistically significant analysis, but the rates looked higher than average on mine. I kept many of them. Perhaps the crowd could spot them too.
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Post by longjohn on Oct 8, 2015 13:37:17 GMT
Can anybody spot what it is about that loan that says A+? Maybe the 50% profit margin against turnover blinded them. A 3 year old company with a turnover of less than my salary before I retired has to be an E.
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I'm in 14406 also, for a whopping £20, it all looks fine to me on the face of it, the Q&A should have put me off however.
