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Post by tomas on May 24, 2019 7:07:38 GMT
Though loans value with terms of up to 1 months is about 10% in my portfolio, I got about 35% of all portfolio being repurchased by loan originators during each month. Is it normal? Do you have the same?
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benaj
Member of DD Central
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Post by benaj on May 24, 2019 9:40:28 GMT
Yes, it's completely normal for those short term loans. I have 66%+ rebuy every month. Average actual loan term is about 12 days for short term loans. Even for longer loans, they are repaid much earlier. The good news, plenty of loans pipeline on the platform, you can make your money work harder when loans repaid early depending on your loan originators.
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Post by nuno on May 31, 2019 13:29:11 GMT
yes high number of repurchaes is normal
Originators can have many good resons to repurchase a loan, for exemple:
- They detect higher liquidity in the market so they repurchase your loan of 14% and re-issue it at 12% - A loan that is detected probable go bad can be repurchased so the originator doesn't have to pay you 60 day intrest.
Its a pain specially long term loans but its a right Originators have.
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