min
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Post by min on May 8, 2015 15:32:35 GMT
Thanks to a full recovery of capital on loan 1358, my figure has increased to 19.4% overall, or 12.2% if I disregard the 2 loans that FC repaid. Similar story after 1358 recovery. 14.9% overall - 13.6% if I don't count Flailing Capstans repayments on loan that was deemed to be v dodgy (default before 1st payment). Up to 18.4% recovery so still heading in right direction
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min
Member of DD Central
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Post by min on May 8, 2015 15:38:27 GMT
My bad debts are 5.17% of total earnings and recoveries are .2% of bad debts - do I win a prize? Bad debts are now 5.78% of gross earnings, recoveries 3.16% of bad debts, and fees 10.83% of gross earnings Bad debts are 30.19% of gross earnings, recoveries 18.48% of bad debt, and fees 11.85% of gross earnings
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oldgrumpy
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Post by oldgrumpy on May 8, 2015 15:46:35 GMT
Bad debts 13.81% of gross earnings.
Recoveries 17.85% of bad debts.
Fees 11.42% of gross earnings.
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fasty
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Post by fasty on May 8, 2015 15:58:10 GMT
Bad debts 8.3% of gross earnings
Recoveries 27% of bad debts
Fees 9.8% of gross earnings
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blender
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Post by blender on May 8, 2015 16:12:50 GMT
Old account, nearly 32 months - now mostly property
Bad Debt 7.9% of gross earnings
Recoveries 36% of bad debt
(Losses 5.01% of gross earnings)
Fees 12% of gross earnings
Distaff account - 14 months - mostly business loans
Bad debt 0% of gross earnings
Fees 10% of gross earnings
(fingers crossed)
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Post by goldservice on May 8, 2015 16:16:01 GMT
By 'gross earnings' do you all mean Interest + Promotions? Or the top line figure Earnings?
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blender
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Post by blender on May 8, 2015 16:21:23 GMT
Presumably the top line earnings figure in the all time summary - gross interest plus net sales/purchases plus promotions
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fasty
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Post by fasty on May 8, 2015 16:22:50 GMT
By 'gross earnings' do you all mean Interest + Promotions? Or the top line figure Earnings? Erm... I used the summary figure which includes loan part sales and promos etc (although in my case they are not hugely different)
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on May 8, 2015 16:24:03 GMT
Bad Debt: 21.97% of Gross Earnings Recoveries:10.90% of Bad Debt Fees: 10.15% of Gross Earnings i.e. total   |
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fasty
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Post by fasty on May 8, 2015 16:34:30 GMT
Bad Debt: 21.97% of Gross Earnings Recoveries:10.90% of Bad Debt Fees: 10.15% of Gross Earnings i.e. total Surely not necessarily - For example, if you're making a great average return on the amount invested, then the various losses may be well worth it...
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blender
Member of DD Central
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Post by blender on May 8, 2015 16:54:54 GMT
Bad Debt: 21.97% of Gross Earnings Recoveries:10.90% of Bad Debt Fees: 10.15% of Gross Earnings i.e. total Not - just what you expect from FC's average. Average net return annualised 7% Add fees 1% and Annualised expected losses 2% Gives Gross interest rate (earnings) 10% 2% annualised losses of capital therefore equates to 20% losses of gross earnings - which is what you have, FC advertised expected losses.
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Post by gaspilot on May 8, 2015 18:26:49 GMT
Bad Debt: 28.6% of Gross Earnings
Recoveries:6.2% of Bad Debt
Fees: 11.29% of Gross Earnings
Working my way out of FC!
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min
Member of DD Central
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Post by min on May 8, 2015 18:35:53 GMT
Bad Debt: 28.6% of Gross Earnings Recoveries:6.2% of Bad Debt Fees: 11.29% of Gross Earnings Working my way out of FC! Similar results to mine except my recoveries much higher. How long have you been with Flappy Courgettes? I've been 'in' since May 2011 and recoveries have been rising considerably in last few months.
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Post by gaspilot on May 8, 2015 18:40:26 GMT
Bad Debt: 28.6% of Gross Earnings Recoveries:6.2% of Bad Debt Fees: 11.29% of Gross Earnings Working my way out of FC! Similar results to mine except my recoveries much higher. How long have you been with Flappy Courgettes? I've been 'in' since May 2011 and recoveries have been rising considerably in last few months. Just 15 months but FC takes more time for less returns from what I can see. Hence the escape.
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Post by captainconfident on May 8, 2015 20:37:55 GMT
Same here, GP. Not enough time to sit balng money into Fog Cone loans in the hope of netting an early, with end rates too low for the insecurity offered. I prefer now to FK and forget, as their loans are as good as fixed rate.
Higher risk account
Bad debts 29% of gross earnings.Holy Cow!
Recoveries 21.45% of bad debts.
Fees 10.29% of gross earnings.
Lower risk account
Bad debts 15.11% of gross earnings.
Recoveries 15.35% of bad debts.
Fees 11.77% of gross earnings.
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