mikeb
Posts: 1,068
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Post by mikeb on May 5, 2019 18:55:45 GMT
"Classic Account" (from when that was the only account!) -- I started in Nov 2010 -- FC were still in the first 100 loans on the platform back then.
Plug entirely pulled in August/Sept 2017 as soon the New World Order (aka Black Box) was installed.
Bad Debt breaks down as
33.26% Recovered, 17.67% Written Off/Irrecoverable/No further action 49.07% Pending (Defaulted, and not yet paid back)
I have only 4 "live" loans (late/downgraded/unsaleable) left, which are slowly paying down.
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benaj
Member of DD Central
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Post by benaj on Oct 23, 2019 8:49:53 GMT
I'm dreaming of 40% recovery. I realise that my accounts are too young to have meaningful recoveries, but if you want a laugh... My classic (invested in Feb 18) 0.02% recoveries. My ISA (invested in Feb 18) 0.003% recoveries. Relative's ISA (invested in Apr 18) 0.007% recoveries. 16 Months account: XIRR 5.42% - sold 1.3% recoveries 81 Months account: XIRR 6.28% - active 33% recoveries 31 Months account: XIRR 4.6% - sold (poor manual picks) 8% recoveries 14 Months account: XIRR 5.71% active 0.02% recoveries The only conclusion I have is active reinvesting yield higher return. Revisiting here to update FC perfomance on active and non active accounts 21 Months account: XIRR 5.08% - sold, it's a 0 balance account now 87 Months account: XIRR 6.09% - active 37 Months account: XIRR 4.75% - sold, earning mainly from recoveries 19 Months account: XIRR 4.59% selling since june My main observation, 2018 cohort is one of the worst on FC and affecting performance on all my accounts. However, FC recovery team is chasing recovery payments, it is noticeable in my 37 months old account.
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bramhall17
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Post by bramhall17 on Oct 29, 2019 10:18:31 GMT
Starting in 2012 . FC was my B2B choice within my then P2P diversification roll out strategy that unfortunately led to include property ( Lendy & MT). Peak £30k+ in FC but similar to others have sold off aggressively 2018/19 and now left with some £1800 well below lifetime interest of circa £3800 +. Account lending switched off but it is pleasant to see the odd 100 quid or so appear when I log in now and again. Certainly not my worst P2P experience that being Lendy.
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bramhall17
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Post by bramhall17 on Oct 29, 2019 10:24:30 GMT
2012--2019 YTD Made some £3800 + lifetime interest . Peak investment £30k. Sold off aggressively from the introduction of 'black box and the loss of goodwill from the 'Short Term Loan for Ever' . Now around £1800 and lending switched off but the odd 100 quid appears when I occasionally log in ! Certainly not my worst P2P experience and well contained now.
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benaj
Member of DD Central
Posts: 5,387
Likes: 1,692
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Post by benaj on Mar 1, 2020 20:10:06 GMT
Revisiting here to update FC perfomance on active and non active accounts 21 Months account: XIRR 5.08% - sold, it's a 0 balance account now 87 Months account: XIRR 6.09% - active 37 Months account: XIRR 4.75% - sold, earning mainly from recoveries 19 Months account: XIRR 4.59% selling since june My main observation, 2018 cohort is one of the worst on FC and affecting performance on all my accounts. However, FC recovery team is chasing recovery payments, it is noticeable in my 37 months old account. Revisiting here to update FC perfomance on active and non active accounts 91 Months account: XIRR 5.65% - active 41 Months account: XIRR 4.8% - sold, earning mainly from recoveries Active account got worse due to higher defaults. Net earnings of my partner's active account is 3.1% in the last 15 months, I guess FC Classic performance is still beating Zopa core.
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mikeh
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Post by mikeh on Mar 1, 2020 20:37:23 GMT
Mine is currently 20% too but I remember someone saying here that theirs was around 40% so that's something to hope for! Update: My account, which was opened in March 2015, is now showing 27.2% recoveries. AR = 9.6%. In January, I managed to pick up 26 x £10 brand new 2020 loan parts without collecting anything on the SM. Not a big sample but it will be interesting to see how they fair fare.
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benaj
Member of DD Central
Posts: 5,387
Likes: 1,692
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Post by benaj on Mar 4, 2020 15:25:40 GMT
Mine is currently 20% too but I remember someone saying here that theirs was around 40% so that's something to hope for! Update: My account, which was opened in March 2015, is now showing 27.2% recoveries. AR = 9.6%. In January, I managed to pick up 26 x £10 brand new 2020 loan parts without collecting anything on the SM. Not a big sample but it will be interesting to see how they fair fare. Just curious, are those conservative or balanced? I am tempted to test another 10.
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mikeh
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Post by mikeh on Mar 4, 2020 16:30:24 GMT
Update: My account, which was opened in March 2015, is now showing 27.2% recoveries. AR = 9.6%. In January, I managed to pick up 26 x £10 brand new 2020 loan parts without collecting anything on the SM. Not a big sample but it will be interesting to see how they fair fare. Just curious, are those conservative or balanced? I am tempted to test another 10. I'm set to balanced. The rates range from 3.3% to 19.9%. The bands overlap. For instance I have an A at 7.3% and a B at 6.0%. Another A at 11.9%. Very different from the old days.
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mikeh
Member of DD Central
Posts: 499
Likes: 370
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Post by mikeh on Dec 25, 2020 17:25:56 GMT
Mine is currently 20% too but I remember someone saying here that theirs was around 40% so that's something to hope for! Update: My account, which was opened in March 2015, is now showing 27.2% recoveries. AR = 9.6%. In January, I managed to pick up 26 x £10 brand new 2020 loan parts without collecting anything on the SM. Not a big sample but it will be interesting to see how they fair fare. FWIW: Thanks to Short Term Property Loan London, my recovery percentage has risen to 43.3% and AR to 10.1%.
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