jimbob
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Post by jimbob on May 23, 2016 15:03:44 GMT
There might not be any SM activity at all, if some of the repayments actually happen as planned (or was that 'as planned for a week ago'?). There was a lot more supposed to be coming home to roost than there is going out again. I have PBL 20 down on the old terms
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jimbob
Member of DD Central
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Likes: 74
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Post by jimbob on May 23, 2016 15:01:54 GMT
£350 !
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jimbob
Member of DD Central
Posts: 317
Likes: 74
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Post by jimbob on May 20, 2016 15:57:50 GMT
I've only asked for £100 of this ^_~
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jimbob
Member of DD Central
Posts: 317
Likes: 74
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Post by jimbob on May 20, 2016 10:39:13 GMT
Wonder how much we'll all get ?
Under/over line at £120 ?
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jimbob
Member of DD Central
Posts: 317
Likes: 74
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Post by jimbob on May 20, 2016 9:34:54 GMT
The welfare provided is normally of the liquid variety
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jimbob
Member of DD Central
Posts: 317
Likes: 74
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Post by jimbob on May 13, 2016 11:02:46 GMT
Although not quite a year into P2P and certainly not being a HNWI, I'm comfortable with some expected losses knowing that sensible and diversified investment should be able to yield a decent interest rate in the round. I also bet on events long term profitably (politics mainly) so am comfortable with uncertain return investments.
I do note that I've had emails from certain companies (Not on this site) offering what look like bridging loans at the same apparent risk profile as some on this site paying around 12% yet paying an "amazing" 7%...
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jimbob
Member of DD Central
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Post by jimbob on May 13, 2016 10:05:58 GMT
I know some of the recent loans have errm... "issues" but some new loans would be welcome. It's a numbers game and new homes for interest would be welcome ^^
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jimbob
Member of DD Central
Posts: 317
Likes: 74
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MoneyThing (MT) in Administration
What sex?
Apr 6, 2016 12:15:37 GMT
Post by jimbob on Apr 6, 2016 12:15:37 GMT
40.8
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jimbob
Member of DD Central
Posts: 317
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Post by jimbob on Apr 6, 2016 11:27:35 GMT
"Proceedings are in course against both the Company and the Director (Guarantor). " "Company has ceased trading" I'm going to consider those bad debts for tax purposes ! Definitely not! They aren't irrecoverable yet. The proceedings against the guarantor should see them stand up to their guarantee and repay some/all of the money. Just look at any of a squillion Finalising Courtcases brought by other platforms on their defaulted loans. The platform I might be thinking of even have a separate section in their summary for post-default recoveries. Yeah but that allowance kicks in next year, and I'm a small player
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jimbob
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Likes: 74
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Post by jimbob on Apr 5, 2016 16:16:21 GMT
As things are going, I see LC to be in bad debts. (at least in my books) "Proceedings are in course against both the Company and the Director (Guarantor). " "Company has ceased trading" I'm going to consider those bad debts for tax purposes ! Overall Lending Crowd has done very very nicely for me, so don't mind too much
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jimbob
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Post by jimbob on Apr 5, 2016 16:06:10 GMT
So does that mean: In Tax year FY15/16, If person E has taxable payments of X, and bad debts of Y (X - Y > 0) might the theoretical tax due (X - Y)*0.2 , if person E is on a marginal tax rate of 20% ? or is it: (X*0.2) - Y ?
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jimbob
Member of DD Central
Posts: 317
Likes: 74
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Funding Circle (FC)
Tax
Apr 5, 2016 15:49:35 GMT
Post by jimbob on Apr 5, 2016 15:49:35 GMT
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jimbob
Member of DD Central
Posts: 317
Likes: 74
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Funding Circle (FC)
Tax
Apr 5, 2016 15:40:26 GMT
Post by jimbob on Apr 5, 2016 15:40:26 GMT
In Tax year abcd, If person E has net payments of X, and bad debts of Y ( X > Y) might the theoretical tax due (X - Y)*0.2 if person E is on a marginal tax rate of 20% ?
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jimbob
Member of DD Central
Posts: 317
Likes: 74
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Post by jimbob on Apr 5, 2016 15:23:31 GMT
So I've started downloading my tax statements already where they're available - and 10/10 to lendingcrowd that they ARE. However they've (incorrectly) put bonuses under taxable...every other platform excludes them (provided they're an incentive from the platform not the borrowers). Makes a big difference after those joining bonuses..... Edit: thanks ablender Haha Yes, I think at least S* M* should be in bad debt too, perhaps G*F* also.
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jimbob
Member of DD Central
Posts: 317
Likes: 74
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Post by jimbob on Mar 21, 2016 22:40:57 GMT
Hmm I didn't realise that on Friday I got £150 of a BTL in Liverpool. - Sent the £150 today to cover, but not updated ^^; ?
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