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Post by mopcku on Mar 7, 2017 22:17:10 GMT
Hello
i have a loan which was delayed (orange) but it is now again greeen!
In the Collection Process i see the following
15/02/2017 Collection InHouse collection Started
23/02/2017 Collection DCA1 Started
06/03/2017 Collection DCA1 PaidOff
Where do i see if there are costs related to the collection process and if yes how high they are?
Thanks in advance Mopcku
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miso
Posts: 25 
Likes: 8
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Post by miso on Mar 8, 2017 7:59:45 GMT
If Bondora decides to apply any costs you can see them in Loan Schedule table as separate row like this:
Actual payment made 10/08/2016 0.02€ 0.02€ 0€
Actual payment made 25/08/2016 0.64€ 0.64€ 0€
Debt servicing cost 25/08/2016 0.55€ 0€ 0.53€ 0.02€
However I have tons of loans with no DCA costs applied at all
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kulerucket
Member of DD Central
Posts: 336
Likes: 93
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Post by kulerucket on Mar 8, 2017 9:20:23 GMT
Same here, no costs so far on anything that has been successfully collected.
On your investments page, you can also add the columns "Debt servicing cost principal amount", "Debt servicing cost interest amount" and "Debt servicing cost penalty amount". I think the costs would appear there but I can't confirm this because they are currently all 0€ for me.
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Post by rahafoorum on Mar 8, 2017 11:27:45 GMT
Same here, no costs so far on anything that has been successfully collected. On your investments page, you can also add the columns "Debt servicing cost principal amount", "Debt servicing cost interest amount" and "Debt servicing cost penalty amount". I think the costs would appear there but I can't confirm this because they are currently all 0€ for me. That filter didn't work when I tested it at some point. It was showing €0 even if it actually wasn't. Can't check anymore since I've gotten rid of all investments by now. Better place to check should be cash flow page. At least that used to work and show the numbers.
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Post by mopcku on Mar 9, 2017 22:20:42 GMT
Thanks to all
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kulerucket
Member of DD Central
Posts: 336
Likes: 93
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Post by kulerucket on Mar 22, 2017 23:01:49 GMT
I had some debt collection fees applied and the columns I said do work now. The fees are shown.
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duck
Member of DD Central
Posts: 2,571
Likes: 5,658
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Post by duck on Apr 13, 2017 15:12:39 GMT
Just totalled my collection fees and they come to 161.46 Euros, can't say I'm pleased  |
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JamesFrance
Member of DD Central
Port Grimaud 1974
Posts: 1,317
Likes: 893
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Post by JamesFrance on Apr 13, 2017 16:17:28 GMT
For the last 12 Months I have recovered €839.70, had principal write off €30.34, Interest write off €185.37 and collection costs €314.82.
A poor result for a defaulted total now €8,672.68.
The year before I recovered €942.12 with collection costs €37.64 and no write offs.
Not good.
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carlos
I'm short Bondora and long p2p.
Posts: 104
Likes: 21
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Post by carlos on Apr 17, 2017 18:59:56 GMT
For the last 12 Months I have recovered €839.70, had principal write off €30.34, Interest write off €185.37 and collection costs €314.82. A poor result for a defaulted total now €8,672.68. The year before I recovered €942.12 with collection costs €37.64 and no write offs. Not good. Getting 12 cents on euro for last year is not bad if I take into account I'm selling all defaulted away for 15 cents on euro. Clearly I'm not patient enough 
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starfished
Member of DD Central
Posts: 296 
Likes: 216
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Post by starfished on Apr 17, 2017 22:26:06 GMT
Just totalled my collection fees and they come to 161.46 Euros, can't say I'm pleased For the last 12 Months I have recovered €839.70, had principal write off €30.34, Interest write off €185.37 and collection costs €314.82. A poor result for a defaulted total now €8,672.68. The year before I recovered €942.12 with collection costs €37.64 and no write offs. Not good. Ouch! Avoided looking at collection costs to date, thought it would be too depressing.
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kulerucket
Member of DD Central
Posts: 336
Likes: 93
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Post by kulerucket on Apr 17, 2017 22:59:28 GMT
I see any default recovery as an additional bonus, not anything I expect to get back. Early recovery costs seem to be negligible and it looks like they add up as the loans get more overdue so past a certain point they would barely pay anything.
If I take my current loan book after 6 months in, write off any defaults and assume current loans continue on schedule, I will get about 12% XIRR over the long term due to the high rates of performing loans. Granted, some default will pay out and some current will default, but it's the only sensible way of looking at long-term returns that I have come up with.
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duck
Member of DD Central
Posts: 2,571
Likes: 5,658
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Post by duck on Apr 23, 2017 13:23:01 GMT
I've just been digging through my DCA costs and I came across a loan that paid on time every month from July 2013 until their first late repayment in January 2017.
A payment of 0.51 (0.78 was due) was made on 08 Feb from which the DCA costs were 0.24 so nearly half of the repayment went in DCA costs for a loan that has previously been perfect and has been since this one month. Need to keep a better eye these costs!
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Post by oktaeder on Apr 23, 2017 19:26:07 GMT
Your calculation is not correct because what is shown as repayment is after DCA fees. Bondora let us pay a 35% i.g.
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