angrysaveruk
Member of DD Central
Say No To T.D.S
Posts: 1,334 
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Post by angrysaveruk on Jun 4, 2017 14:36:09 GMT
on the flip side, AC has good track records in dealing with defaults. I personally switched some of my investments from Rate Setter to AC. Although the defaults are high the loans are secured and they have a good track record of recovering losses. Personally I would be more confident putting my money with AC than RS.
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Post by elephantrosie on Jun 4, 2017 15:02:35 GMT
Thanks for the feedback. I will consider AC.
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Post by df on Jun 4, 2017 18:19:24 GMT
Thanks for the feedback. I will consider AC. RS is not worth it with its current rates. I've relocated most of my RS funds to GS. Zopa is better, in my opinion, for safer low return platforms, but it won't be next year as they are changing their T&C in December. AC is certainly worth considering.
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Post by elephantrosie on Jun 5, 2017 0:17:43 GMT
Thanks for the feedback. I agree Zopa is better than RS, but it is not accepting new investors at present.
What is GS?
With AC, how long has it taken AC to settle a loan default previously?
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macq
Member of DD Central
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Post by macq on Jun 5, 2017 6:50:19 GMT
GS is Growth Street
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Post by df on Jun 5, 2017 11:45:59 GMT
Thanks for the feedback. I agree Zopa is better than RS, but it is not accepting new investors at present. What is GS? With AC, how long has it taken AC to settle a loan default previously? Zopa is going to scrap their provision fund from December, which makes it less attractive for those who prefer low rates in exchange for lower risk. Growth Street pays 6.3-6.4% at the moment. I would expect the rates to go down as more investors join this platform. www.growthstreet.co.uk/investingI have not experienced any defaults with AC yet so can't comment on the length of handling them, but you can read their own information about defaults here www.assetzcapital.co.uk/key-investing-information/defaults-and-losses/
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Post by elephantrosie on Jun 5, 2017 17:36:24 GMT
Thanks, thats very kind.
do you mind if i ask how long have you been investing in AC? just wonder how lucky one can be...
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angrysaveruk
Member of DD Central
Say No To T.D.S
Posts: 1,334
Likes: 789
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Post by angrysaveruk on Jun 5, 2017 18:24:32 GMT
Thanks, thats very kind. do you mind if i ask how long have you been investing in AC? just wonder how lucky one can be... I think AC has a 6% default rate but this is secured on assets so if they do their job correctly most of the capital and lost interest should be recovered. In addition they are lending their money to people trying to do something useful with the money, unlike personal loan platforms where a lot of it seems to go to people who want to buy a new car to keep up with their neighbours or to go on holiday so they can post about it on Facebook.
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Post by df on Jun 5, 2017 18:24:38 GMT
Thanks, thats very kind. do you mind if i ask how long have you been investing in AC? just wonder how lucky one can be... Only about 9 months, so I do expect to face some defaults in future unless I'm very lucky.
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Post by df on Jun 5, 2017 18:36:50 GMT
Thanks, thats very kind. do you mind if i ask how long have you been investing in AC? just wonder how lucky one can be... I think AC has a 6% default rate but this is secured on assets so if they do their job correctly most of the capital and lost interest should be recovered. In addition they are lending their money to people trying to do something useful with the money, unlike personal loan platforms where a lot of it seems to go to people who want to buy a new car to keep up with their neighbours or to go on holiday so they can post about it on Facebook. Yes, so far they were good at recovery. The expected loss is 0.64% of the loan book.
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Post by petebutt43 on Jun 30, 2017 14:36:39 GMT
Anybody not earning 10% after defaults really ought to have another look at their strategy!!
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,168
Likes: 4,859
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Post by ozboy on Jun 30, 2017 14:44:30 GMT
Anybody not earning 10% after defaults really ought to have another look at their strategy!! Or, you can suffer pure, unadulterated Bad Luck?!! 
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macq
Member of DD Central
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Post by macq on Jun 30, 2017 14:59:04 GMT
Anybody not earning 10% after defaults really ought to have another look at their strategy!! Or, you can suffer pure, unadulterated Bad Luck?!! or not have a strategy in the first place
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Post by nellerdk on Jul 13, 2017 20:06:22 GMT
numbers (amount of cash) is really not so important, except for bragging rights.
We should discuss our returns in %
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Post by Harland Kearney on Jul 14, 2017 2:52:50 GMT
Think the level of return depends on the investor appetite, all of my new funds I'm parking in AC blackbox accounts so that I can more easily (and with less management, hence the point of parking) until I feel the fund market has devalued a little
I'm looking putting up my P2P exposure the lower risk sectors (Though P2P as a whole can be considered high risk in hindsight) upwards as I am very over weight in my Funds on the stock market. However, my aggressive strategy makes sense for my age (19). Banks at the moment seem like a useless option for me other than my TSB personal account to hold some free liquid for the bills ect; along with rising inflation to compound the uselessness of the low rates for cash saving.
My annual P2P percentage is around 9 percent before tax, I hold accounts on FS, Lendy, AC and a small amount in Zopa.
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