c88dnf
Member of DD Central
Posts: 364
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Post by c88dnf on Dec 7, 2017 0:58:24 GMT
It may be worth remembering that Ratesetter's cumulative losses, even including this almighty foul-up, are still well below those of Zopa and Funding Circle. You invests your money, you makes your choice.....
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Post by propman on Dec 7, 2017 14:22:26 GMT
It may be worth remembering that Ratesetter's cumulative losses, even including this almighty foul-up, are still well below those of Zopa and Funding Circle. You invests your money, you makes your choice..... THere has been £1.1m plus shown as 3+ payments in arrears on the 2016 market for many months. As this has always exceeded the 2 payments in arrears amount, it shows that not all loans were being recognised as defaults before the 3rd payment was due.
More worrying, most development loans are on the 1 year market. As these are bullet repayments, it would seem that they should only be sown as 1 payment in arrears (unless refinanced and 1 or more further payments missed). As in the past, I assumed that this was RS informing us of an existing practice whatever it suggests!
- PM
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