david42
Member of DD Central
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Post by david42 on Feb 3, 2017 23:42:40 GMT
You fail to engage with my point which is that listing defaults in this thread alongside the "dissuade other people from investing here" comments of other contributors does commercial damage to this loan provider, while nobody performs the same service in the Funding Circle section of the website. I appreciate the factual analysis that dodgydave has helpfully done for us. The equivalent analysis is not needed on Funding Circle because FC already publishes equivalent information in their downloadable loan book. The value of this independent forum is to help us manage our risks by sharing information. If transparent reporting of the facts damages the platform, that makes it all the more important for us to know so that we can better understand and manage the risk.
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Post by dodgeydave on Mar 1, 2017 7:31:51 GMT
A default by ReBS is typically classified as having missed 3 months payments.
Previous years can be found listed p2pindependentforum.com/thread/5333/more-defaults-facts?page=5
January 2017
P***Y K*T borrowed 25 k @ 17.36 % for a term of 60 months and made 23 full payments and 1 interest only
P*******n p******ies borrowed 25k @ 13.66% for a term of 24 months and made 16 full and 1 interest only
February 2017
Cr*****e B******g borrowed 70k at 19.59 % for a term of 48 months and made 7 full payments. ReBS defaulted this loan
R****n t/a Fr****on B***i Ltd borrowed 30K at 17.93% for a term of 36 months and made 16 full payments.
K*****y G******on borrowed 81K at 15.24% for a term of 48 months made 13 full and 1 interest only payments.
March 2017
G* F***s borrowed 295k @ 18.92% for a term of 60 months and made 4 full payments
Bus****s T********y Group ltd borrowed 50k over 60 months and made 14 payments
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09dolphin
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Post by 09dolphin on Mar 2, 2017 3:28:03 GMT
Re P.......n P........s According to an update RbS made - a payment was received by DD in late January when a new agreement was established. They say payment would be manually disbursed. 4 weeks hence still waiting. I assume RbS also received payment in February. None of this is confirmed in the list of Loan repayments.
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Post by dodgeydave on Apr 1, 2017 1:45:59 GMT
A default by ReBS is typically classified as having missed 3 months payments. Previous years can be found listed p2pindependentforum.com/post/148407January 2017P***Y K*T borrowed 25 k @ 17.36 % for a term of 60 months and made 23 full payments and 1 interest only P*******n p******ies borrowed 25k @ 13.66% for a term of 24 months and made 16 full and 1 interest only February 2017Cr*****e B******g borrowed 70k at 19.59 % for a term of 48 months and made 7 full payments. ReBS defaulted this loan R****n t/a Fr****on B***i Ltd borrowed 30K at 17.93% for a term of 36 months and made 16 full payments. K*****y G******on borrowed 81K at 15.24% for a term of 48 months made 13 full and 1 interest only payments. March 2017G* F***s borrowed 295k @ 18.92% for a term of 60 months and made 4 full payments Bus****s T********y Group ltd borrowed 50k over 60 months and made 14 payments April 2017M & * C****s borrowed 25k @ 12.84% for a term of 60 months and made 33 full payments E****st Fac****y Man*****nt borrowed 50k @ 16.25 % for 48 months and has made 23 full payments |
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Post by oppsididitagain on Apr 2, 2017 11:50:09 GMT
With all these companies defaulting on payments Is this the reality of the British economy or just 'bad luck' for ReBS ?
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Post by dodgeydave on May 2, 2017 0:10:24 GMT
A default by ReBS is typically classified as having missed 3 months payments. But no one is really sure see the great mystery on p2pindependentforum.com/thread/8495/rebs-seek-update-12-monthsPrevious years can be found listed p2pindependentforum.com/post/148407January 2017P***Y K*T borrowed 25 k @ 17.36 % for a term of 60 months and made 23 full payments and 1 interest only P*******n p******ies borrowed 25k @ 13.66% for a term of 24 months and made 16 full and 1 interest only February 2017Cr*****e B******g borrowed 70k at 19.59 % for a term of 48 months and made 7 full payments. ReBS defaulted this loan R****n t/a Fr****on B***i Ltd borrowed 30K at 17.93% for a term of 36 months and made 16 full payments. K*****y G******on borrowed 81K at 15.24% for a term of 48 months made 13 full and 1 interest only payments. March 2017G* F***s borrowed 295k @ 18.92% for a term of 60 months and made 4 full payments Bus****s T********y Group ltd borrowed 50k over 60 months and made 14 payments April 2017M & * C****s borrowed 25k @ 12.84% for a term of 60 months and made 33 full payments E****st Fac****y Man*****nt borrowed 50k @ 16.25 % for 48 months and has made 23 full payments May 2017A**x So******rs Ltd ( A***m So******rs ) borrowed 35k @ 19.7% for 60 months and made 19 full payments |
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Post by dodgeydave on Jun 1, 2017 1:07:10 GMT
A default by ReBS is typically classified as having missed 3 months payments. Previous years can be found listed p2pindependentforum.com/post/148407January 2017P***Y K*T borrowed 25 k @ 17.36 % for a term of 60 months and made 23 full payments and 1 interest only P*******n p******ies borrowed 25k @ 13.66% for a term of 24 months and made 16 full and 1 interest only February 2017Cr*****e B******g borrowed 70k at 19.59 % for a term of 48 months and made 7 full payments. ReBS defaulted this loan R****n t/a Fr****on B***i Ltd borrowed 30K at 17.93% for a term of 36 months and made 16 full payments. K*****y G******on borrowed 81K at 15.24% for a term of 48 months made 13 full and 1 interest only payments. March 2017G* F***s borrowed 295k @ 18.92% for a term of 60 months and made 4 full payments Bus****s T********y Group ltd borrowed 50k over 60 months and made 14 payments April 2017M & * C****s borrowed 25k @ 12.84% for a term of 60 months and made 33 full payments E****st Fac****y Man*****nt borrowed 50k @ 16.25 % for 48 months and has made 23 full payments May 2017
A**x So******rs Ltd ( A***m So******rs ) borrowed 35k @ 19.7% for 60 months and made 19 full payments June 2017Oc****s F*****e and l*****g ltd borrowed 40k @ 14.77% for 24 months and made 23 full payments O***n E*****s Ltd borrowed 40K @ 16.64 and made 21 full payments |
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kaya
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Post by kaya on Jun 5, 2017 21:07:36 GMT
Well its not for nothing this thread is called hardcore
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brianlom1
Member of DD Central
He's not the Messiah, he's a very naughty boy!
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Post by brianlom1 on Jun 5, 2017 21:24:02 GMT
The loan book is shrinking as there are more defaults then new loans so far this year! Has anyone else noticed a large increase in 'estimated loss' figures over the last week? In my case, projected losses have grown by 60% in a matter of days! ReBS do not so much announce a reduction in 'Recover probability' as sneakily adjust it downwards when they think no-one is looking.
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kaya
Member of DD Central
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Post by kaya on Jun 6, 2017 8:07:00 GMT
I see the Gym equipment joke loan has gone from 90% to 20% (when it changed I don't know) - and this despite the fact that this loan had Personal Guarantee Insurance AND the borrower supposedly has SEVERAL other properties which she rents out, with more than enough equity to cover this whole joke loan. That is my understanding anyway, correct me if I am wrong.
Of course only the gullible would have believed the original 'estimate' provided by Rebs anyway, and as for the the updates on this default, well, you just have to laugh ( or perhaps cry) at that ongoing saga. Go to the loan details on the sitemap and have a chuckle. IMO lenders have been conned by the false 'security' on this loan as advertised by Rebs .
I will soon be making a complete exit from this platform. I was prepared to give things a chance and recoup some of my losses, but the overall Rebs recoveries performance so far is a yet another bad joke.
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SteveT
Member of DD Central
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Post by SteveT on Jun 6, 2017 8:18:53 GMT
I see the Gym equipment joke loan has gone from 90% to 20% (when it changed I don't know) I'm guessing this change was prompted by my prod here
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Post by dodgeydave on Jul 4, 2017 23:19:03 GMT
A default by ReBS is typically classified as having missed 3 months payments. Previous years can be found listed p2pindependentforum.com/post/148407January 2017P***Y K*T borrowed 25 k @ 17.36 % for a term of 60 months and made 23 full payments and 1 interest only P*******n p******ies borrowed 25k @ 13.66% for a term of 24 months and made 16 full and 1 interest only February 2017Cr*****e B******g borrowed 70k at 19.59 % for a term of 48 months and made 7 full payments. ReBS defaulted this loan R****n t/a Fr****on B***i Ltd borrowed 30K at 17.93% for a term of 36 months and made 16 full payments. K*****y G******on borrowed 81K at 15.24% for a term of 48 months made 13 full and 1 interest only payments. March 2017G* F***s borrowed 295k @ 18.92% for a term of 60 months and made 4 full payments Bus****s T********y Group ltd borrowed 50k over 60 months and made 14 payments April 2017M & * C****s borrowed 25k @ 12.84% for a term of 60 months and made 33 full payments E****st Fac****y Man*****nt borrowed 50k @ 16.25 % for 48 months and has made 23 full payments May 2017A**x So******rs Ltd ( A***m So******rs ) borrowed 35k @ 19.7% for 60 months and made 19 full payments June 2017Oc****s F*****e and l*****g ltd borrowed 40k @ 14.77% for 24 months and made 23 full payments O***n E*****s Ltd borrowed 40K @ 16.64 and made 21 full payments July 2017H** Dr***ll Ltd was a refactored loan. The refactored part was for 14706 and 6 payments have been made one outstanding for 2976.24 The original loan was for 60k @ 16.64% for 36 months and made 29 full payments |
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thebillet
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Post by thebillet on Jul 5, 2017 7:49:53 GMT
K*****y G******n. I got three Interest Only payments yesterday 04/07/2017. In all there are 26 payments showing 13 of which are Interest Only the other 13 include capital also.
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Post by dodgeydave on Aug 1, 2017 1:35:20 GMT
A default by ReBS is typically classified as having missed 3 months payments. Previous years can be found listed p2pindependentforum.com/post/148407January 2017
P***Y K*T borrowed 25 k @ 17.36 % for a term of 60 months and made 23 full payments and 1 interest only P*******n p******ies borrowed 25k @ 13.66% for a term of 24 months and made 16 full and 1 interest only February 2017
Cr*****e B******g borrowed 70k at 19.59 % for a term of 48 months and made 7 full payments. ReBS defaulted this loan R****n t/a Fr****on B***i Ltd borrowed 30K at 17.93% for a term of 36 months and made 16 full payments. K*****y G******on borrowed 81K at 15.24% for a term of 48 months made 13 full and 1 interest only payments. March 2017
G* F***s borrowed 295k @ 18.92% for a term of 60 months and made 4 full payments Bus****s T********y Group ltd borrowed 50k over 60 months and made 14 payments April 2017
M & * C****s borrowed 25k @ 12.84% for a term of 60 months and made 33 full payments E****st Fac****y Man*****nt borrowed 50k @ 16.25 % for 48 months and has made 23 full payments May 2017A**x So******rs Ltd ( A***m So******rs ) borrowed 35k @ 19.7% for 60 months and made 19 full payments June 2017
Oc****s F*****e and l*****g ltd borrowed 40k @ 14.77% for 24 months and made 23 full payments O***n E*****s Ltd borrowed 4 0K @ 16.64 and made 21 full payments July 2017
H** Dr***ll Ltd was a refactored loan. The refactored part was for 14706 and 6 payments have been made one outstanding for 2976.24 The original loan was for 60k @ 16.64% for 36 months and made 29 full payments August 2017 A***a R********nt S******ns Ltd borrowed 25k @ 14.45 % for 60 months. all the repayments are up to date but borrower has contacted an insolvency practice. W*******ee P********s Ltd borrowed 50k @13.71% for 60 months The repayments are up to date , But ReBS have declared it in default regarding adverse trading conditions.
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Post by dodgeydave on Sept 2, 2017 3:05:15 GMT
A default by ReBS is typically classified as having missed 3 months payments. Previous years can be found listed p2pindependentforum.com/post/148407December 2016P***Y K*T borrowed 25 k @ 17.36 % for a term of 60 months and made 23 full payments and 1 interest only P*******n p******ies borrowed 25k @ 13.66% for a term of 24 months and made 16 full and 1 interest only January 2017Cr*****e B******g borrowed 70k at 19.59 % for a term of 48 months and made 7 full payments. ReBS defaulted this loan R****n t/a Fr****on B***i Ltd borrowed 30K at 17.93% for a term of 36 months and made 16 full payments. K*****y G******on borrowed 81K at 15.24% for a term of 48 months made 13 full and 1 interest only payments. Febuary 2017G* F***s borrowed 295k @ 18.92% for a term of 60 months and made 4 full payments Bus****s T********y Group ltd borrowed 50k over 60 months and made 14 payments March 2017M & * C****s borrowed 25k @ 12.84% for a term of 60 months and made 33 full payments E****st Fac****y Man*****nt borrowed 50k @ 16.25 % for 48 months and has made 23 full payments April 2017A**x So******rs Ltd ( A***m So******rs ) borrowed 35k @ 19.7% for 60 months and made 19 full payments May 2017Oc****s F*****e and l*****g ltd borrowed 40k @ 14.77% for 24 months and made 23 full payments O***n E*****s Ltd borrowed 40K @ 16.64 and made 21 full payments June 2017H** Dr***ll Ltd was a refactored loan. The refactored part was for 14706 and 6 payments have been made one outstanding for 2976.24 The original loan was for 60k @ 16.64% for 36 months and made 29 full payments July 2017 A***a R********nt S******ns Ltd borrowed 25k @ 14.45 % for 60 months. all the repayments are up to date but borrower has contacted an insolvency practice. W*******ee P********s Ltd borrowed 50k @13.71% for 60 months The repayments are up to date , But ReBS have declared it in default regarding adverse trading conditions. August 2017No defaults |
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