Investboy
Member of DD Central
Trying to recover from P2P revolution
Posts: 564 
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Post by Investboy on Nov 9, 2015 16:17:55 GMT
14918 seems to fit the bill If this is a recent one that is live or barely finished I can't find it on the loan list.
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jimbob
Member of DD Central
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Post by jimbob on Nov 9, 2015 16:24:30 GMT
14918 seems to fit the bill If this is a recent one that is live or barely finished I can't find it on the loan list. Sent you a PM with the guff.
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jimbob
Member of DD Central
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Post by jimbob on Nov 9, 2015 16:33:41 GMT
I'll laugh if an Aston Martin DB9 suddenly appears on FundingSecure or Moneything  |
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wysiati
Member of DD Central
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Post by wysiati on Nov 9, 2015 18:35:38 GMT
Yes, #14918 (risk band B), previously listed as a D risk band auction #14722.
The loan has been RBR'd and a comment added.
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SteveT
Member of DD Central
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Post by SteveT on Nov 9, 2015 19:06:51 GMT
Yes, #14918 (risk band B), previously listed as a D risk band auction #14722. The loan has been RBR'd and a comment added. Sounds like a ludicrously poor assessment of risk by Flatulent Chihuahuas. And then to re-rate it as a B ....  !! 
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Post by GSV3MIaC on Nov 9, 2015 22:04:20 GMT
They took it at 13.9% (which is probably 'what you were thinking of' young jimbob), but of course Fumbling Criteria would be charging a rather different rate under the new fixed rate scheme. Yes, it'd be a spiffing 10.6% now .. 8>. |
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am
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Post by am on Nov 16, 2015 10:51:40 GMT
I've got a loan in retry at the moment. Looking at the financial summary I found that they had a later loan, so I was able to look at later financial figures.
Between 28/2/2014 (management accounts) and 31/3/2014 (final accounts) profit dropped from £143,000 to £37,000. If I'd seen the full year figures I probably wouldn't have lent.
They apparently did twice as much business in March as in an average month, at a gross margin of 7% rather than 20%.
Net interest paid dropped from £23,000 to £4,000.
But the most noticeable difference was that operating costs for the year were thrice that for the first 11 months. Often the apportionment of outgoings between cost of sales and operating costs differs between management and final accounts, so that may not mean anything, but the increase in operating costs less March's gross profits was equal to the decrease in profit.
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!! 
