Lendingworks lates/defaults statistics

Lendingworks lates/defaults statistics Jun 21, 2019 18:27:54 GMT r00lish67 likes this

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Post by Matthew on Jun 21, 2019 18:27:54 GMT

Jun 21, 2019 14:49:13 GMT r00lish67 said:

Hi Matthew

Firstly, thanks for the new consistency with the LendingWorks stats + stated publish date, that's really useful.

Could you have a word with whoever does the graphs though? I think they haven't been updated for the last 1 or 2 iterations, which could be quite misleading for the less number-oriented lenders.

e.g. 2018 shows an actual default rate of about 0.2% on the graph, and 2.5% in the tables.
2017 shows an actual default of about 3.6% on the graph, and it's 5.8% in the tables.

Thanks

Hi r00lish67

You'll be pleased to hear the graphs, and indeed the statistics pages in general, are getting a much needed overhaul. This has been on the agenda for some time, however with the recent FCA policy statement mandating some additional disclosures as of 9 December, it's a great time for us to make these updates. You'll see much better information and interactive charts and graphs etc, which should be significantly better than what is currently displayed. The likely release date will be Q3 i.e. some time between July and September - I can't confirm exactly when just yet as we're still finalising the order of our Q3 roadmap.

In the meantime I'll check on why the graphs are not current and have this updated - thanks for flagging.

Have a great weekend.

Lendingworks lates/defaults statistics

Post by r00lish67 on Jun 21, 2019 14:49:13 GMT

Post by Matthew on Jun 21, 2019 18:27:54 GMT