ashtondav
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Post by ashtondav on Dec 23, 2018 14:44:34 GMT
Have just been looking at the analytics on Orca, especially bad debt vs estimated bad debt.
the performance is appalling, esp. Zopa, RS and LW. Is it really that difficult to estimate bad debt? In fact given some of these stats I can’t even see the point in ESTIMATING bad debt.
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aju
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Post by aju on Dec 23, 2018 23:37:29 GMT
Have just been looking at the analytics on Orca, especially bad debt vs estimated bad debt. the performance is appalling, esp. Zopa, RS and LW. Is it really that difficult to estimate bad debt? In fact given some of these stats I can’t even see the point in ESTIMATING bad debt. Also I notice that 2017 is missing on the zopa stats for some reason. I do agree though the estimates and actuals are not that great. I'm a bit confused though on RS as if PF info is to be believed then no one is affected by bad debt, or are they and I've misunderstood.
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ashtondav
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Post by ashtondav on Dec 24, 2018 12:29:46 GMT
I assume the worse bad debt at RS is responsible for the PF stubbornly remaining at the lower end, or below, their target coverage rate. Not very compelling when we can’t be that far away from a recession seeing as the last one was 10 years ago. And I assume Zopa stopped safeguard because if your estimating is that bad, you have no clue as to what the SG level should be. Which all sounds pretty schoolboy Mickey Mouse to me...
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aju
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Post by aju on Dec 24, 2018 18:27:31 GMT
I assume the worse bad debt at RS is responsible for the PF stubbornly remaining at the lower end, or below, their target coverage rate. Not very compelling when we can’t be that far away from a recession seeing as the last one was 10 years ago. And I assume Zopa stopped safeguard because if your estimating is that bad, you have no clue as to what the SG level should be. Which all sounds pretty schoolboy Mickey Mouse to me... I have always thought that Zopa stopping the SG had nothing to do with HMRC changes to default tax reliefs but rather they started to realise they were coming close to the SG not being sustainable without either making the borrowers pay more to support it or worse make the lending spreads a lot larger etc thus hacking off the lenders enough for them to jump ship. Of course that may be just my cynical nature that can usually smell the smoke battling with the mirrors reflections ...
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benaj
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Post by benaj on Jan 25, 2019 15:51:08 GMT
Have just been looking at the analytics on Orca, especially bad debt vs estimated bad debt. the performance is appalling, esp. Zopa, RS and LW. Is it really that difficult to estimate bad debt? In fact given some of these stats I can’t even see the point in ESTIMATING bad debt. Isn't it a coincidence Orca skipped 2017 analytics for Zopa? Thoughts anyone?
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Post by akagi on Feb 20, 2019 23:21:27 GMT
Probably an oversight on their side? smile
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