Thought I should just upload a post on the status of my P2P loan and Invoice financing portfolio.
It wasn’t all plain sailing as you can see. There are a number of loans in arrears.
However, for some of these loans in arrears, the platforms have sent emails clarifying the reasons for the delay in payment.
- Item 12 in Funding Societies portfolio (P2P loan / Unsecure loan): Clarification from platform on Aug 11, 2016
- The company has been very cooperative. Unlike other delinquent borrowers that just go missing, the construction company has proactively updated the platform which is a positive sign.
- Their late repayments are not out of industry norms. The company is waiting for payments from the Land Transport Authority (LTA) for their completed projects. Since LTA is a government agency, the counter-party risk of LTA defaulting on their payments to the company is not high.
- Based on submitted statements, the construction company does not have significant ...
...