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Post by ogwellian on Jun 4, 2016 10:33:13 GMT
Two Zopa+ accounts:-
11.2% > 7% 326 loans. Two missed payments (expecting it to be missed first payments).
10.8% > 6.7% 260 loans. No missed payments.
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Post by dualinvestor on Jun 4, 2016 10:44:15 GMT
For me in Z +: 663 loans: Rates: 11.3% , 6.8% (est post defaults)..... I am seeing a lot higher rates this past week. (During the bank holiday weekend however rates were nearer 6.4%). Lates are just 2 (a D & an E)... Both are first payments. On the Z wording I would not call it misleading more like just plain "Poor" wording. i.e. i don't think it is deliberate and this would not be the first time Z have put up a product description which is not very accurate. I would call it misleading but not deliberate, after all if anything it is to Z's disadvantage. I agree with you in calling it "poor." From the data supplied by others the matches are obviously 4%+ higher than as stated in the weekly advert and that is the amount of expected defaults. If they were clearer in their wording they might get more funds in that market, but that might deprerss rates and not be in the interests of those already invested in the prduct 
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Post by propman on Jun 6, 2016 12:35:14 GMT
For me in Z +: 663 loans: Rates: 11.3% , 6.8% (est post defaults)..... I am seeing a lot higher rates this past week. (During the bank holiday weekend however rates were nearer 6.4%). Lates are just 2 (a D & an E)... Both are first payments. On the Z wording I would not call it misleading more like just plain "Poor" wording. i.e. i don't think it is deliberate and this would not be the first time Z have put up a product description which is not very accurate. Thanks for the data.
You'll be pleased to hear that I don't intend to update regularly, but after 3 lates (all made up) in 373 Z+ payments, I have 3 notified today out of 133 due today or tomorrow shown as outstanding. Clearly lates are like busses! Lets hope that catch up payments continue!
The good news is that I have averaged 15.9% on new loans this month so far! Although only over 23 loans.
- PM
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jonah
Member of DD Central
Posts: 2,031
Likes: 1,113
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Post by jonah on Sept 25, 2016 8:36:23 GMT
Would I be correct in assuming that the reduction in returns caused be defaults is ignoring any tax relief on those defaults, or is zopa taking that into account?
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Post by zopajoshua on Sept 28, 2016 8:28:16 GMT
Hi Jonah,
The difference between a Plus lender’s Loan book rate and the rate after expected losses does not take into account any tax relief offered from capital deemed irrecoverable.
Joshua
Client Services
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