Ace
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Post by Ace on Apr 4, 2019 17:42:34 GMT
2018 default rate will relate to loans taken out in 2018, some of which may still be going into default. ie it's start date not default date which counts. For 2019 cohort to be above zero, one of them would have to be 90 days late on a payment due in the first 4 days of the loan, which seems unlikely. Fair points. I'll get my coat 😳
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benaj
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Post by benaj on Apr 6, 2019 7:18:38 GMT
2018 default rate will relate to loans taken out in 2018, some of which may still be going into default. ie it's start date not default date which counts. For 2019 cohort to be above zero, one of them would have to be 90 days late on a payment due in the first 4 days of the loan, which seems unlikely. Examining the loans I have from Loan summary, I only have 23 live loans originated from 2018 compared to 361 loans (2018) having "received payments from borrowers". The earliest live loan start date is 14th Nov 2018. So we are not too far to see the end of 2018 figures.
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number5
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Post by number5 on Apr 6, 2019 11:52:35 GMT
Provision down to 87.7%....was like 117% couple of days ago?
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benaj
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Post by benaj on Apr 6, 2019 13:05:57 GMT
Provision down to 87.7%....was like 117% couple of days ago? The PF coverage in Welendus does rise and fall. It falls when PF buys back, and rises when borrowers repay on their pay day.
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number5
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Post by number5 on Apr 25, 2019 7:22:42 GMT
I have had quite a few provision fund buy backa this month. It says the interest will be paid at the begining of the next month. Is there a specific date these are paid each month?
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Ace
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Post by Ace on Apr 25, 2019 8:12:33 GMT
I have had quite a few provision fund buy backa this month. It says the interest will be paid at the begining of the next month. Is there a specific date these are paid each month? They have ranged between the 1st and the 10th of the month so far. No obvious pattern.
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