maxmarengo
Member of DD Central
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Post by maxmarengo on May 9, 2015 11:52:00 GMT
Here's mine:
Bad Debt 15.2% of gross earnings
Recoveries 35% of bad debt
(Losses 9.9% of gross earnings)
Fees 11% of gross earnings
So losses are better than projection - things have definitely improved over the last year!
Promotions 7.8% of gross earnings - which balances a good proportion of the fees.
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on May 9, 2015 12:52:57 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. O.K. then. What I should have said was "total compared to what I'm earning everywhere else".
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is
Posts: 108
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Post by is on May 9, 2015 13:05:56 GMT
These results will heavily depend on your strategy. for me
Bad Debt: 4.9% of GE
Recoveries: 40.6% of BD (losses 2.9% of GE)
Fees : 9.5% of GE
The FC averages are substantially below optimal strategy performance.
With stable returns after losses and fees of well over 15%, I'd rate FC one of the best options for returns (but also one of most time consuming for the strategy that would achieve these).
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blender
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Post by blender on May 9, 2015 13:07:08 GMT
Yes, very likely. It's what you expect from Autobid, but at least Autobidders do not have to work for it.
Edit: That was a reply to Jonno without seeing Is - who is making the same point that higher returns come from extra and successful work. Bad debts are avoided not by careful selection but by systematic disposal IMO (discuss).
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on May 9, 2015 13:33:18 GMT
Yes, very likely. It's what you expect from Autobid, but at least Autobidders do not have to work for it. Edit: That was a reply to Jonno without seeing Is - who is making the same point that higher returns come from extra and successful work. Bad debts are avoided not by careful selection but by systematic disposal IMO (discuss). Oh Dear!! It's obviously me whose total 'cos I've NEVER used Autobid 
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blender
Member of DD Central
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Post by blender on May 9, 2015 14:35:29 GMT
Yes, very likely. It's what you expect from Autobid, but at least Autobidders do not have to work for it. Edit: That was a reply to Jonno without seeing Is - who is making the same point that higher returns come from extra and successful work. Bad debts are avoided not by careful selection but by systematic disposal IMO (discuss). Oh Dear!! It's obviously me whose total 'cos I've NEVER used Autobid I am sure that is not the case and you have been unlucky, but I will stop digging my hole now. I did use Autobid to start with - which was a decision.
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registerme
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Post by registerme on May 9, 2015 14:48:39 GMT
Edit: That was a reply to Jonno without seeing Is - who is making the same point that higher returns come from extra and successful work. Bad debts are avoided not by careful selection but by systematic disposal IMO (discuss). That's a discussion that I can't contribute to (having only been on FC for a month), but would be very interested in reading.
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adrianc
Member of DD Central
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Post by adrianc on May 9, 2015 15:43:39 GMT
After 11 months...
Bad Debt - 6.7% of Gross Earnings.
Recoveries - 0% of Bad Debt.
Fees - 10.7% of Gross Earnings.
Promos - 7.7% of Gross Earnings.
I'm not overly worried about the recoveries figure since, until this week, my bad debt figure was zero... <shakes fist in vaguely-NW direction>
(FWIW, GY - 10.7%, AR - 9.1%, EFDR - 8.1%)
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Post by longjohn on May 9, 2015 18:14:17 GMT
Three and a half years in and -
Bad debts = 15.1% of gross earnings
Recoveries = 52% (I'm expecting 82% of recoveries from these with existing payment plans)
Fees = 10.5%
My overall bad debt is 0.81% which compares favourably with the estimated 2.0% on the statistics page.
When taking rubbish down to our local tip I give a little smile to the demolition/recycling company next door. They're now bust with £14.04 of my money and little chance of getting much back. Their personalised number plates might be worth a bob or two though.
John
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eddie
i have put up with a great deal from the likes of you people, a very great deal....
Posts: 63
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Post by eddie on Aug 20, 2015 16:43:51 GMT
ive got 31,250 in and 1,750 bad debt. 800 in the last month. anybody else having the same recently?
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Post by bonfemme on Aug 21, 2015 8:34:37 GMT
ive got 31,250 in and 1,750 bad debt. 800 in the last month. anybody else having the same recently? I have 28,902 in loans. Losses are 2,069 (have had 601 recoveries). Worse than your figures, but coppaloadacrap hurt me quite badly.
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markr
Member of DD Central
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Post by markr on Aug 22, 2015 19:18:10 GMT
About £35k in, and £968 bad debt. Sounds good, but I've increased my holding recently, and probably about half of my holding is in property loans that aren't due to be repaid (and which don't go bad before the final payment because FC hold the interest).
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am
Posts: 1,495
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Post by am on Aug 22, 2015 20:02:23 GMT
About £35k in, and £968 bad debt. Sounds good, but I've increased my holding recently, and probably about half of my holding is in property loans that aren't due to be repaid (and which don't go bad before the final payment because FC hold the interest). £13k in and £30 bad debt (2.7% of earnings), but with similar provisos.
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eddie
i have put up with a great deal from the likes of you people, a very great deal....
Posts: 63
Likes: 21
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Post by eddie on Sept 27, 2015 16:42:58 GMT
ive got 31,250 in and 1,750 bad debt. 800 in the last month. anybody else having the same recently? I have 28,902 in loans. Losses are 2,069 (have had 601 recoveries). Worse than your figures, but coppaloadacrap hurt me quite badly. Well my losses have increased to 2,129, and thats 1400 odd in the last 6-7 weeks. i cant see another thursday with 32000 in im off to ss
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Post by transo on Nov 12, 2015 23:32:30 GMT
Well, here's a new one. Some of my very early 2011 defaults have now had "a final distribution made as the borrower's cash account held a small cash balance". They note that the balance is small and because they can't distribute < 1p not all lenders in the loan will have received a payment. However looks like on at least one of them I have now (a mere 3 and half years after it stopped paying) received a 1p recovery of the £16 odd lost! In all cases this is a year or two after bankruptcy or similar processes appear to have been exhausted.
Contrasts quite strongly with the breezy graphs FC have been publishing about recoveries on their blog today. In fact I wonder if that's prompted them to do the final distribution - they cunningly graphed "%age of defaulted loans on which a partial or whole recovery has been made", which would be helpful flattered by adding a single 1p recovery to a few early loans.
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