johnfleet
Member of DD Central
Posts: 170
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Post by johnfleet on Mar 2, 2016 21:46:18 GMT
That's even worse than mine! 17.37 % gross -4.58 % net
Thanks goodness for SS, Moneything and Ablrate, who so far (touching every bit of wood within reach) haven't between them lost a penny of my hard-earned....
ReBS got the last of my cash a year ago and they'll not be seeing any more...
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sqh
Member of DD Central
Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
Posts: 1,428
Likes: 1,212
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Post by sqh on Mar 2, 2016 22:52:49 GMT
Has Rebs made any recoveries on any defaulted loans?, if so are they listed anywhere on the Rebs site? I think that is the problem. We expect some defaults but I'm not seeing any recoveries. I have 9 loans in the default box and not one of them has made a capital repayment yet. The latest borrower to enter the box of shame had been trading since 1971, sold the business and stopped paying after 6 months. According to the profile the borrower has substantial equity in 3 properties equivalent to more than 15 times the amount owed. Surely ReBs can recover this one.
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Post by dodgeydave on Mar 3, 2016 3:20:02 GMT
I think that is the problem. We expect some defaults but I'm not seeing any recoveries. I have 9 loans in the default box and not one of them has made a capital repayment yet. The latest borrower to enter the box of shame had been trading since 1971, sold the business and stopped paying after 6 months. According to the profile the borrower has substantial equity in 3 properties equivalent to more than 15 times the amount owed. Surely ReBs can recover this one. I doubt it. I get updates on my defaulted loans . And suspect that money is written off. If i ever get anything back it will be a miracle.
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Post by gaspilot on Apr 11, 2017 7:59:28 GMT
Over a year has passed now since this thread was opened by gaspilot , anyone any thoughts? Hi. Sorry for the delay in replying - life taking over this week. I started getting out of REBS a while back and now have only a few pounds left in one loan. I have exited with a profit and expect to get a bit more money back on my defaulted loans, but I've mentally written it off. I'm not sure what percentage I ultimately got but at least it wasn't an overall loss. I won't be returning though.
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kaya
Member of DD Central
Posts: 1,150
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Post by kaya on Apr 11, 2017 9:00:36 GMT
So you managed to turn around a -17.97% net deficit? Whats the investment secret?! Couldn't have been recoveries surely!
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Post by gaspilot on Apr 16, 2017 17:37:58 GMT
So you managed to turn around a -17.97% net deficit? Whats the investment secret?! Couldn't have been recoveries surely! No, the figures quoted on the site are pure fantasy. I have no idea how they calculate it. I was just quoting the figures they supplied on the day. Today's figure shows a net return of 6.55%. Gross return of 16.39%.
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sqh
Member of DD Central
Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
Posts: 1,428
Likes: 1,212
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Post by sqh on Apr 17, 2017 1:40:04 GMT
My view is that the downward spiral has slowed but the recovery process is dire. ReBs have continuously failed to answer my question re H**** I********, it's pretty clear that they screwed up and just want to keep quiet about that one. Probably time the ReBs board was demoted to the also rans, and let a more respectable platform take their place on the front page.
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