My first loan expiry in FS

Only a minority of loans renew or repay on the due date, however about another 40% do renew or repay within a week of due date (usually renew). If there is no action for a week an update will usually appear to investors on loan progress or too give the borrowers often pathetic excuses as to why he has not paid up, although they can be very woolly at times. Of the balance 2/3rds renew or repay within approximately a month of due date and the rest well who knows ?

I currently have 8 loans outstanding with FS, dating back from October 2016 through to February 2017. 2 of those are defaulted, the others...well they just seem to go on week after week with little change.

It still continues. When it comes unredeemed (defaulted) then interest stops.

You can also opt to vent your spleen in the FS 'overdue loans' thread about how late your particular loan is and how inadequate the latest investor update was 

Unfortunately, nearly all FS investors will end up with a portion of their investments not really active, not really defaulted, but in what I think saw aptly titled 'the twilight zone' in another thread. It's obviously somewhat disconcerting, as you never really know how well you're doing. I'd personally really like for FS to remove the restriction to trade <30 days left loans, which could really exercise the discounting mechanism in some cases, but would certainly be interesting!

And does FS take action in terms of appointing receiver etc when need be ?


When loans are renewed, can you opt out ?

Actually since I have returned to FS in earnest and invested all my ex SS money I have found that figure to be much better than 40% well over 50%. But each to their own and this is what makes a market, different people with different views.