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Post by gravitykillz on Feb 11, 2019 20:22:00 GMT
Am i correct in assuming these p2p sites have the strongest provision funds in comparison to their loans :
1. Lending works
2. Ratesetter
3. Welendus
4. Growth street
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Post by sayyestocress on Feb 12, 2019 10:09:07 GMT
Am i correct in assuming these p2p sites have the strongest provision funds in comparison to their loans : 1. Lending works 2. Ratesetter 3. Welendus 4. Growth street I'd guess it's pretty difficult to know for sure until one of them goes wrong and hopefully that never happens 
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ashtondav
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Post by ashtondav on Feb 12, 2019 10:26:49 GMT
AssetzCapital?
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IFISAcava
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Post by IFISAcava on Feb 12, 2019 10:33:56 GMT
woefully understrength for GEA better for QAA/30-day accounts
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Post by bracknellboy on Feb 12, 2019 11:24:35 GMT
Rolling on the floor laughing. Well actually crying.
Of course, if some miracle by way of recovery/action/outcomes occurs on some GEIA (1) and GBBA (1) loans then who knows, but frankly not my perception.
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cwah
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Post by cwah on Feb 15, 2019 2:41:08 GMT
Define strong?
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sd2
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Post by sd2 on Feb 15, 2019 15:30:38 GMT
Opposite of weak. Sorry had to do that
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macq
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Post by macq on Feb 15, 2019 15:34:11 GMT
or One that has not been used yet |
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sd2
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Post by sd2 on Feb 15, 2019 15:38:28 GMT
I suspect the size doesn't matter.
Its risk relative to size that counts.
I read somewhere that banks never make losses even during a recession on unsecured personal loans.
If the higher the interest rate the higher the risk is correct and 2.8% unsecured personal loans are available then lending works wins.
That assumes they are using the same credit criteria as the banks....I doubt it.
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cwah
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Post by cwah on Feb 15, 2019 16:06:47 GMT
I suspect the size doesn't matter. Its risk relative to size that counts. I read somewhere that banks never make losses even during a recession on unsecured personal loans. If the higher the interest rate the higher the risk is correct and 2.8% unsecured personal loans are available then lending works wins. That assumes they are using the same credit criteria as the banks....I doubt it. Why bank never looses on unsecured loan during recession? Sounds contradictory
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benaj
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Post by benaj on Feb 15, 2019 16:53:43 GMT
or One that has not been used yet Well we all know PF have been used in those platforms. Their usage can vary from time to time. RS used 30% back in 2011 while some may used up to 204.7% in one year.
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macq
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Post by macq on Feb 15, 2019 17:03:30 GMT
or One that has not been used yet Well we all know PF have been used in those platforms. Their usage can vary from time to time. RS used 30% back in 2011 while some may used up to 204.7% in one year. Landbay have a reserve fund but not sure they have used it
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sd2
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Post by sd2 on Feb 15, 2019 19:49:02 GMT
I suspect the size doesn't matter. Its risk relative to size that counts. I read somewhere that banks never make losses even during a recession on unsecured personal loans. If the higher the interest rate the higher the risk is correct and 2.8% unsecured personal loans are available then lending works wins. That assumes they are using the same credit criteria as the banks....I doubt it. Why bank never looses on unsecured loan during recession? Sounds contradictory The defaults rise but overall they are still profitable. I assume that the vast majority don't default so still make a profit. Remember I said I can get £10,000 at 2.8% interest no other loans charge that low an interest. It implies the banks think they are the lowest risk based entirely on past performance.
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registerme
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Post by registerme on Feb 16, 2019 3:45:50 GMT
Why bank never looses on unsecured loan during recession? Sounds contradictory The defaults rise but overall they are still profitable. I assume that the vast majority don't default so still make a profit. Remember I said I can get £10,000 at 2.8% interest no other loans charge that low an interest. It implies the banks think they are the lowest risk based entirely on past performance. Think back to 2007/8 and:- NROCK: bust HBOS: forced into a takeover by Lloyds by the government RBOS: basically bust, now struggling back to life Irish banks: bust Lehman Brothers: bust Bear Stearns: bust, forced into a takeover by Merril Lynch by the US government DB: gutted, and still gutted CB: gutted, and still gutted Various landesbanks: gutted The list goes on.
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cwah
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Post by cwah on Feb 16, 2019 9:24:54 GMT
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