benaj
Member of DD Central
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Post by benaj on Oct 30, 2018 16:13:42 GMT
Back in August, average loan term is 104 days, now is 120 days.
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Post by sayyestocress on Oct 30, 2018 16:57:50 GMT
Back in August, average loan term is 104 days, now is 120 days. I wonder if that statistic includes the longer term payment plans for the loans that the provision fund buys up, scewing the loan term upwards. Or there could be a trend towards borrowers wanting to pay over a longer period to reduce monthly outgoings. Who knows?
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benaj
Member of DD Central
Posts: 4,853
Likes: 1,591
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Post by benaj on Mar 31, 2019 11:36:56 GMT
It's the end of Q1 2019. Average loan term has been decreased for new loans, it's 84 days now compared to loans originated from 2018 128 days.
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