benaj
Member of DD Central
Posts: 4,857 
Likes: 1,591
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Post by benaj on Jan 5, 2019 17:13:06 GMT
As 5th Jan 2019, the actual default rate on Welendus statistics page has dropped to 0.0%.
I haven't seen anything like this on other platforms, what's your thought? Is this because the 2019 stats has just started and 2018 stats can no longer be found or something?
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Post by Ace on Jan 5, 2019 19:05:43 GMT
In my view their stats page has always been confusing.
The column header is now "<2019"! What is the less-than sign supposed to indicate?
The whole column can't just relate to 2019 since the total amount lent is £1.6m!
I like Welendus. I think it's getting the important things right, but I'm eagerly awaiting the promised updates to its confusing website.
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Post by nsiam on Jan 5, 2019 21:30:36 GMT
In my view their stats page has always been confusing. The column header is now "<2019"! What is the less-than sign supposed to indicate? The whole column can't just relate to 2019 since the total amount lent is £1.6m! I like Welendus. I think it's getting the important things right, but I'm eagerly awaiting the promised updates to its confusing website. That is correct. 2019 actual default rate is 0 because the year just started. You can click on the "<" arrow, to view 2018 stats. Best, Nadeem
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Post by Ace on Jan 5, 2019 22:22:16 GMT
In my view their stats page has always been confusing. The column header is now "<2019"! What is the less-than sign supposed to indicate? The whole column can't just relate to 2019 since the total amount lent is £1.6m! I like Welendus. I think it's getting the important things right, but I'm eagerly awaiting the promised updates to its confusing website. That is correct. 2019 actual default rate is 0 because the year just started. You click on the "<" arrow, to view 2018 stats. Best, Nadeem Thanks for the info Nadeem. I didn't think of clicking the arrow. I guess it's fairly obvious now, but all statistics relate to the year displayed apart from the Total Lent figure, which relates to all years up to the year shown. I accept that I'm probably being too picky here, but do think that the site could do with some tidying up. Again, these are relatively minor niggles. The important thing is that Welendus is doing a good job with the loans.
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benaj
Member of DD Central
Posts: 4,857
Likes: 1,591
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Post by benaj on Jan 9, 2019 13:21:41 GMT
In my view their stats page has always been confusing. The column header is now "<2019"! What is the less-than sign supposed to indicate? The whole column can't just relate to 2019 since the total amount lent is £1.6m! I like Welendus. I think it's getting the important things right, but I'm eagerly awaiting the promised updates to its confusing website. That is correct. 2019 actual default rate is 0 because the year just started. You can click on the "<" arrow, to view 2018 stats. Best, Nadeem , could you please clarify about the 2019 default stats? As today, 09/01/2019, the actual default rate is 0.7%, according to description, "Loan default refers to a loan repayment being late by 90 days or more", so the 0.7% default is actually loans originated from 2018 but default in 2019?
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Post by nsiam on Jan 10, 2019 11:31:45 GMT
That is correct. 2019 actual default rate is 0 because the year just started. You can click on the "<" arrow, to view 2018 stats. Best, Nadeem , could you please clarify about the 2019 default stats? As today, 09/01/2019, the actual default rate is 0.7%, according to description, "Loan default refers to a loan repayment being late by 90 days or more", so the 0.7% default is actually loans originated from 2018 but default in 2019? , you are correct. These were loans from 2018 that are defaulted in 2019. We have now updated the calculation so 2018 value shows all loans originated in 2018 only and 2019 shows all loans originated in 2019 only. Hope this explains.
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