TonyL
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Post by TonyL on Jun 30, 2017 10:37:21 GMT
You have to go back well over a year to have so few loans paid back in one month. Only one this month...unless there is a pile waiting to pay back today.
Lendy, what's happening?
I always thought the beauty of 6 month loans (I know we've seen a tendency towards 12 month now) was that they turned over quickly and efficiently. It's not like we have a shortage of loans due for payback or renewal...around 15 if you don't count the defaults page.
Why so little movement?
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twoheads
Member of DD Central
Programming
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Post by twoheads on Jun 30, 2017 11:27:30 GMT
Agreed: repayments are slow - and slower now than ever (at least since I started with Lendy - which, admittedly is less than one year!)
I made a quick spreadsheet a few weeks ago which shows average repayments (£/day) over the last <n> days. It only goes back to January 2017.
LendyRepayments2017.xls (20.5 KB)
It shows that repayments have averaged £240k per day over this year so far. But for the last 60 days the average is £115k per day; much less for the last 30 days.
I don't think the information presented in this way gives any great insight, especially over short time periods. But some time back I reckoned that we should be getting an average of about £500k repaid per day in June and July just to keep the overdue loan book value from increasing significantly. So I decided to monitor repayments in this way.
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Post by p2plender on Jun 30, 2017 12:22:39 GMT
Shhhhhhh cd, they'll start filling the pipeline with that talk.
Summer slumber beginning..
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Liz
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Post by Liz on Jul 1, 2017 22:48:50 GMT
Having no loans repay, is a good way to grow the loan book.
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r1200gs
Member of DD Central
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Post by r1200gs on Jul 2, 2017 11:41:29 GMT
I must admit, a couple or three repayments is desperately needed now, if only for the confidence factor. If I remember rightly there was a biggie due to repay soon. C'mon Lendy, let's see some cash returned. Try sending in the boys.  |
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r1200gs
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Post by r1200gs on Jul 2, 2017 12:03:08 GMT
I must admit, a couple or three repayments is desperately needed now, if only for the confidence factor. If I remember rightly there was a biggie due to repay soon. C'mon Lendy, let's see some cash returned. Try sending in the boys. It is a matter of confidence - Repayments would help, but better if some defaulted loans saw some resolution. A big one - such as the Gloucestershire Six would kill several birds with one stone I could not agree more. I'm still thinking that SM famine is only a few repayments and default resolutions away, but I'm feeling optimistic in the sunshine!
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Post by mrg on Jul 5, 2017 6:36:49 GMT
With regards to repayments does it seem that there are more loads going beyond 0 days now? I know bridging loans over run but seems like more than normal now. If so is it a coincidence or has something changed (perhaps we just rarely saw them as FFF meant even these couldn't be found on SM).
Also I wonder if someone can explain this? perhaps im going mad but Huntingdon has -365 day term now (where's the birthday cake and party hat emoji when you need them?) and original tenure was 12 months (also 365 days if I'm not mistaken) so that would put the start date near 05/07/2015. Yet both start date and drawdown date are well beyond this.
LOAN TERM
-365 days
TENURE
12 months
START DATE
04/01/2016
DRAWDOWN DATE
17/12/2015
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,330
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Post by ilmoro on Jul 5, 2017 7:11:59 GMT
With regards to repayments does it seem that there are more loads going beyond 0 days now? I know bridging loans over run but seems like more than normal now. If so is it a coincidence or has something changed (perhaps we just rarely saw them as FFF meant even these couldn't be found on SM). Also I wonder if someone can explain this? perhaps im going mad but Huntingdon has -365 day term now (where's the birthday cake and party hat emoji when you need them?) and original tenure was 12 months (also 365 days if I'm not mistaken) so that would put the start date near 05/07/2015. Yet both start date and drawdown date are well beyond this. LOAN TERM -365 days TENURE 12 months START DATE 04/01/2016 DRAWDOWN DATE 17/12/2015 Original term was 6 months so all correct.
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