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Post by ruralres66 on Mar 9, 2017 10:24:22 GMT
A question collectively that should be put to RS as they appear not to be compliant with their own terms and conditions?
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rick24
Member of DD Central
Posts: 244
Likes: 138
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Post by rick24 on Mar 9, 2017 10:30:50 GMT
The thought does occur to me that they may be doing this deliberately to make themselves more competitive with Zopa, which I think has a ratio of 110%. Full coverage relies on future income, which is discounted (I can't remember by what percentage). If there is a much (?) greater percentage of defaults than expected in future, that could lead to problems.
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Post by khampson on Mar 9, 2017 13:11:29 GMT
reading this does make one a little bit nervous.
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Post by andyt on Mar 11, 2017 12:11:21 GMT
It's actually improved a little again over the last few days. Back up to 116% (from 113%) assuming they've not just tweaked the way they calculate it.
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