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Post by batchoy on Jul 20, 2014 17:47:48 GMT
I have just been catching up with my Bondora Newsletter and note that Bondora will (at least in public) be calculating default rate in line with the P2PFA definition of 120 days. Whilst standardization is welcome, I find 120 days excessive.
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duck
Member of DD Central
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Post by duck on Jul 21, 2014 6:23:03 GMT
Yes and I noted one change this morning when I received an Email notification titled "Loan Recovery Progress Update" ........... last week that would have been titled "Your Investment has Defaulted" which backs up your statement james
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Post by seaninog on Aug 21, 2014 13:22:50 GMT
I have just been catching up with my Bondora Newsletter and note that Bondora will (at least in public) be calculating default rate in line with the P2PFA definition of 120 days. Whilst standardization is welcome, I find 120 days excessive. Totally agree. The P2PFA are trying to tell us that is someone hasn't made payment for 3 months they are not in default?? Pull the other one...
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