tombraider
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Post by tombraider on Jun 17, 2018 23:47:38 GMT
ive been more caught up in the collateral and lendy fiasco as of late but have spotted that my TLC 6 loan which should have repaid in a June has returned less than half the amount.... is there anyway of finding out where the rest is ie which loans have defaulted that I am stuck in and their progress. Have other TLC loans gone the same way.... looks like my p2p Time is at an end. Wise alpha seems the best of a bad bunch
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Steerpike
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Post by Steerpike on Jun 18, 2018 7:00:38 GMT
There is a workbook on the dropbox linked at the VIP forum
Maturity was 12-Jun-18 and it may take a while to realise funds from the underlying loans, O**** R********** 3 is a biggie and not a goodie. |
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Greenwood2
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Post by Greenwood2 on Jun 18, 2018 15:24:18 GMT
There is a thread on the TC private forum, from comments there if you held from the start interest should hopefully cover eventual losses, but not a great investment.  |
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agent69
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Post by agent69 on Jun 18, 2018 15:38:15 GMT
ive been more caught up in the collateral and lendy fiasco as of late but have spotted that my TLC 6 loan which should have repaid in a June has returned less than half the amount. You only get your money back if they can sell the underlying investments.
If you check the SM you will probably find large amounts from TLC 6 waiting for a buyer.
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tombraider
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Post by tombraider on Jun 19, 2018 0:35:48 GMT
Thanks for the responses... unpleasant at best. At least 5 years interest to offset loss
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Greenwood2
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Post by Greenwood2 on Jun 19, 2018 6:17:32 GMT
ive been more caught up in the collateral and lendy fiasco as of late but have spotted that my TLC 6 loan which should have repaid in a June has returned less than half the amount. You only get your money back if they can sell the underlying investments.
If you check the SM you will probably find large amounts from TLC 6 waiting for a buyer.
Or you may have to wait for all the underlying investments to complete (or are recovered/written off) before the final repayments are made.
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Post by GentlemansFamilyFinances on Jul 24, 2018 8:15:08 GMT
It's funny that ThinCats is not much better than the rest of us in avoiding the bad cheese.  My record of self-selecting loans is better vs. the ThinCats selected loans (but not by that much) |
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Greenwood2
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Post by Greenwood2 on Jul 24, 2018 13:30:42 GMT
The loans in the TLCs were not selected as the 'best' on the platform. I don't know what the criteria were, but there was a 'human' robot that selected them so that TC were not seen to be giving advise on which loans investors in general should chose. In retrospect the TLCs were also not diversified enough so the choice of some loans that went bad had big implications for the TLCs.
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