ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Mar 31, 2017 13:57:50 GMT
"Quite clear that they have no interest in pursuing historic defaults." Quite, ilmoro. If they're so lackadaisical, why on earth would we want to give 'em our money?! 
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aju
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Post by aju on Mar 31, 2017 14:19:12 GMT
I have a few of those and other types as well. Bankruptcy, Debt Relief order, Unable to trace debtor and Now resides in USA to name some of the comments info.
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Post by ogwellian on Mar 31, 2017 17:40:13 GMT
Looks like March is going bad too. It was all going so well until I looked this morning. £50 interest and four defaults of nearly £40 on one account. Second account, £50 interest and one default of a few pence short of £10. So approximately half of March's interest gone already. No more defaults in March, so a potentially bad month, ended up quite a good one.
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Greenwood2
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Post by Greenwood2 on Apr 2, 2017 7:29:02 GMT
Sneaked a few more in at the 11th hour, so not as good as it was.
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ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Apr 2, 2017 22:07:39 GMT
Unsecured Lending at paltry rates is not for me and hasn't been for a few years now - give me good ole Asset Backed/Securitised lending @ c12% anyday.
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ashtondav
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Post by ashtondav on Apr 3, 2017 11:35:42 GMT
Yes, in theory. Rates achieved at Funding Secure are a little off target.
over an economic cycle achieving rates of 12% is nigh on impossible. I'd budget for the 12% sites to deliver more like 8% or 9%, after defaults, fraud, poor valuation and weak resale markets.
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nairda
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Post by nairda on Apr 4, 2017 17:14:14 GMT
Mrs. N's defaults continue. She currently has 10 defaults in + out of a total of 220 loans since she opened her account last June. In simple terms, ie (balance - investment)/investment, she has made 4.2% interest compared to 4.8% in access. I hope this is just an unfortunate blip.
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ashtondav
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Post by ashtondav on Apr 4, 2017 17:32:55 GMT
I think zopa would be in a serious problem if they were underperforming as bad as you suggest over their whole market.
But how many loans do you need to get the estimated net rate? Is 220 enough? I don't know. Does anybody?
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happy
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Post by happy on Apr 4, 2017 21:18:49 GMT
Mrs. N's defaults continue. She currently has 10 defaults in + out of a total of 220 loans since she opened her account last June. In simple terms, ie (balance - investment)/investment, she has made 4.2% interest compared to 4.8% in access. I hope this is just an unfortunate blip. 4.8% in Access....... I wish! Surely you mean Classic.
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nairda
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Post by nairda on Apr 4, 2017 22:04:57 GMT
Mrs. N's defaults continue. She currently has 10 defaults in + out of a total of 220 loans since she opened her account last June. In simple terms, ie (balance - investment)/investment, she has made 4.2% interest compared to 4.8% in access. I hope this is just an unfortunate blip. 4.8% in Access....... I wish! Surely you mean Classic. Well, she invested £2500 around June and she now has £2621 so that is £121 "profit". Yes, that is in Access.
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happy
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Post by happy on Apr 4, 2017 22:22:37 GMT
Beats the hell out of the 3.4% I'm getting for Access right now. As they say........go figure!
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Post by df on Apr 5, 2017 2:32:22 GMT
Yes, in theory. Rates achieved at Funding Secure are a little off target. over an economic cycle achieving rates of 12% is nigh on impossible. I'd budget for the 12% sites to deliver more like 8% or 9%, after defaults, fraud, poor valuation and weak resale markets. 12% platforms are already moving toward 8% market (the reality of growing competition), and these new 8% loans have the same risk as old 12%. Generally across platforms the rates are going down. FS is doing well still keeping it going at average 13% and they get most defaults recovered because the loans are secured on assets. Z+ is offering 6% return for unsecured loans with 1% early exit fee, it's not a very good offer. The other two, Access and Classic, make more sense to me - small return, but with fair bit of security attached.
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Post by blanik on Apr 5, 2017 16:03:17 GMT
Sneaked a few more in at the 11th hour, so not as good as it was. Like Greenwood, I thought I was doing OKish in March with 2 defaults, until I looked at the statement today - There are now 4 defaults in March which wiped out most of my interest for the month - leaving me £3.82 ( of which £1.83 is early adopter bonus, and 28p recovered debt ) on £4400 worth of loans. Mrs B had a single default, unfortunately it was one of her first loans which were at £80 a pop, so her total interest in March was £5.29 ( of which £3.40 was early adopter ) on £8000 invested. So for 2017 my XIRR is now 1.9% ( I was in from the start ), Mrs B is 6.34% ( her portfolio is less mature ).
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Post by portlandbill on Apr 6, 2017 11:00:45 GMT
Hmmm, In January I dipped my toe in plus by moving about 10% of my investment from Classic. I'm now moving it back as the returns don't seem to match my expectations.
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angrysaveruk
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Say No To T.D.S
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Post by angrysaveruk on Apr 23, 2017 9:00:22 GMT
I have a small investment in plus (just over £1000 split between 167 loans) over 5 months I have had a 3.6% default rate. Annualised that is about 8.5%. So an annual return of 3%.
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