Post by Godanubis on Jan 8, 2019 10:31:43 GMT
Jan 8, 2019 10:07:59 GMT sl75 said:
Jan 8, 2019 9:12:26 GMT Mr_N said:
You're kidding? I had all of my loans up for sale since February, none sold, the final one went into default last month. The smallest sales queue out of the lot was over £300,000 and hadn't moved from that size for the entire time it was up for sale, until trading was suspended on it. I was diversified across 18 or so borrowers. When you have 800+ days of default you can come back and lecture people. I've got the 800+ days of default loans too. However, these are a small part of diversified portfolio that is still earning more interest overall than it is losing to unrecoverable defaults.
If you chose to manage your portfolio differently that was of course up to you, but I'm quite happy to have banked the interest that's been paid while my loan parts were NOT in the sales queue.
When you've participated in some recent loans you can come back and lecture people about the performance of the current market.
The best outcome is for those with 2.9% bonus (on capital not APR) to pay back now.