ashtondav
Member of DD Central
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Post by ashtondav on Jan 30, 2019 8:37:49 GMT
... both individual and corporate insolvencies are at a seven year peak. Will the brown stuff hit the fan at p2p land? Already returns look very bad at Zopa.
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Post by akagi on Feb 20, 2019 23:19:04 GMT
What is your source for the insolvency rate being at a 7y high?
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Post by Ton ⓉⓞⓃ on Feb 22, 2019 21:15:48 GMT
What is your source for the insolvency rate being at a 7y high? Not sure but this might be useful Latest quarter (Q4 2018)
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Vero
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Post by Vero on Feb 22, 2019 21:48:23 GMT
I saw a brief report from ONS on this last week, the increase of insolvencies was attributed to the tightening of bank lending.
I guess that whether this indicates p2p borrowers might be less affected, and were clever to switch to P2P instead of banks, or are just kicking the can down the road, remains to be seen. Let's hope it's the former!
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