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Post by aloanatlast on Oct 9, 2015 14:39:14 GMT
So the big attraction of taking while loans would be...? Smaller than whale loans? And less dubious than whore loans
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Post by GSV3MIaC on Oct 9, 2015 17:46:30 GMT
Now there's a business that's probably recession-proof. 8>.
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SteveT
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Post by SteveT on Oct 13, 2015 14:28:38 GMT
After all that, creditors appear to have lost faith (and money) in 7170
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jimbob
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Post by jimbob on Oct 13, 2015 14:35:34 GMT
9128:
13 Oct 2015 We have downgraded this loan as we have received formal notice that the borrower is proposing a company voluntary arrangement. We are in the process of contacting the guarantor to determine their position.
Lenbo clearly saw me coming on the secondary market with this one. Fortunately I'm in for less than £20. I'll treat it as a lesson regarding 9 month old grade C loans ;p
How quickly can I expect my penny in the pound to come back, is that "loan guarantee" actually worth anything (I'm guessing not !)
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arbster
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Post by arbster on Oct 13, 2015 14:38:54 GMT
9128: 13 Oct 2015 We have downgraded this loan as we have received formal notice that the borrower is proposing a company voluntary arrangement. We are in the process of contacting the guarantor to determine their position. Lenbo clearly saw me coming on the secondary market with this one. Fortunately I'm in for less than £20. I'll treat it as a lesson regarding 9 month old grade C loans ;p How quickly can I expect my penny in the pound to come back, is that "loan guarantee" actually worth anything (I'm guessing not !) You probably don't need me to tell you that 9128 was a Rejected WL.
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jimbob
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Post by jimbob on Oct 13, 2015 14:42:57 GMT
Hmm - I had no idea actually...
Is there a quick and easy way I can check the rest of my portfolio over for rejected whole loans, and sorry but what does that actually mean.
Ta,
James
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adrianc
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Post by adrianc on Oct 13, 2015 15:01:46 GMT
Is there a quick and easy way I can check the rest of my portfolio over for rejected whole loans The quickest way is to download the Loan Book (from the bottom of the Statistics page). First off, sort it by the repaid status column, and delete all the rows relating to loans that're already repaid or defaulted. Then, sort it by the PL/WL column, then by the number of loan parts. Delete all the rows relating to WL loans with only one part, or PL loans. You're now left with all the loans that have been offered to institutions as whole loans, and they've rejected. They're the ones that are starting to show as statistically more likely to go south. It's not a great surprise - after all, the institutional lenders do their DD for a reason, and they're not that bad at it. If they've turned their noses up, there's probably a good reason. Then compare that list of loan numbers with the loans you own parts in. Where you find a match... do what you will with 'em. If you think the rate on any part is worth the (heightened) risk, keep it. If you don't, pass it on to an autobiddy or SM-bid-bot.
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jimbob
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Post by jimbob on Oct 13, 2015 15:43:58 GMT
Lol a third of the book ^^;
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adrianc
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Post by adrianc on Oct 14, 2015 7:17:48 GMT
TBH, I'm starting to wish they would just hurry up and bop 7170 on the head - otherwise it'll be at the first anniversary of being late before too long... Is there a single non-defaulted loan with a longer list of comments? Currently 82 days late, and that's only because May's payment was finally completed a couple of weeks ago. And, on the 11 month anniversary of that first comment, they've finally downgraded it. 129 days late. Have our Faithful Cronies actually grown a pair and done something proactive...? No. The borrower's called a meeting to enter insolvent liquidation. Big fat hairy RED.
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jayjay
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Post by jayjay on Oct 14, 2015 8:00:18 GMT
TBH, I'm starting to wish they would just hurry up and bop 7170 on the head - otherwise it'll be at the first anniversary of being late before too long... Is there a single non-defaulted loan with a longer list of comments? Currently 82 days late, and that's only because May's payment was finally completed a couple of weeks ago. And, on the 11 month anniversary of that first comment, they've finally downgraded it. 129 days late. Have our Faithful Cronies actually grown a pair and done something proactive...? No. The borrower's called a meeting to enter insolvent liquidation. Big fat hairy RED. I think we have lost the faith, which just leaves us with hope and maybe charity. What do they have to do to get called a default...?
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chrisf
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Post by chrisf on Oct 15, 2015 9:44:24 GMT
7170 now official. Quite a list of defaults today, making my worst ever day on FC (over 600 quid down!!)
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Loans defaulted 15th October 2015
The following loans have been defaulted today. If you are lending on any of these loans a full update can be found in the recent loan comments section on your Summary page.
Loan ID 2970 (Original risk band C)
Loan ID 10070 (Original risk band A)
Loan ID 3133 (Original band C)
Loan ID 7170 (Original risk band A)
Loan ID 9128 (Original risk band C)
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Post by bonfemme on Oct 15, 2015 10:05:36 GMT
7170 now official. Quite a list of defaults today, making my worst ever day on FC (over 600 quid down!!)
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Loans defaulted 15th October 2015
The following loans have been defaulted today. If you are lending on any of these loans a full update can be found in the recent loan comments section on your Summary page.
Loan ID 2970 (Original risk band C)
Loan ID 10070 (Original risk band A)
Loan ID 3133 (Original band C)
Loan ID 7170 (Original risk band A)
Loan ID 9128 (Original risk band C)
Your post made me scared to look. For a change I didn't do that bad .... I only had 2970
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jimbob
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Post by jimbob on Oct 15, 2015 10:07:05 GMT
7170 now official. Quite a list of defaults today, making my worst ever day on FC (over 600 quid down!!)
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Loans defaulted 15th October 2015
The following loans have been defaulted today. If you are lending on any of these loans a full update can be found in the recent loan comments section on your Summary page.
Loan ID 2970 (Original risk band C)
Loan ID 10070 (Original risk band A)
Loan ID 3133 (Original band C)
Loan ID 7170 (Original risk band A)
Loan ID 9128 (Original risk band C)
Heh, my start to p2p with fried chicken has not gone as planned: Earnings -£4.48 Fees ? £0.46 [extend] Losses -£17.84 Net earnings ? -£22.78 Doubt I'm going to stay here for any more time/money than I have to get the £50 bonus tbh.
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Post by nightmare on Oct 15, 2015 10:16:21 GMT
7170 now official. Quite a list of defaults today, making my worst ever day on FC (over 600 quid down!!)
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Loans defaulted 15th October 2015
The following loans have been defaulted today. If you are lending on any of these loans a full update can be found in the recent loan comments section on your Summary page.
Loan ID 2970 (Original risk band C)
Loan ID 10070 (Original risk band A)
Loan ID 3133 (Original band C)
Loan ID 7170 (Original risk band A)
Loan ID 9128 (Original risk band C)
Heh, my start to p2p with fried chicken has not gone as planned: Earnings -£4.48 Fees ? £0.46 [extend] Losses -£17.84 Net earnings ? -£22.78 Doubt I'm going to stay here for any more time/money than I have to get the £50 bonus tbh. Isn't that the £27.22 bonus now?
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jimbob
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Post by jimbob on Oct 15, 2015 10:27:10 GMT
Right now it is I guess. ^^;
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