benaj
Member of DD Central
Posts: 4,853 
Likes: 1,591
|
Post by benaj on Mar 2, 2019 22:06:27 GMT
Update on 2018 loans stats
Accumulative Total Amount Lent (£GBP)
£1.5M
Average Loan Term
124 days
Actual Average Default Rate
4.0%
Target Average Default Rate
10%
Default rate rises from 2.4% (Feb) to 4% (Mar)
|
|
|
|
Post by Ace on Mar 6, 2019 0:47:15 GMT
The 2018 actual default rate has jumped to 9.6%!
Something odd is going on for it to more than double in a few days. Any ideas?
|
|
|
|
Post by sayyestocress on Mar 6, 2019 10:06:23 GMT
The 2018 actual default rate has jumped to 9.6%! Something odd is going on for it to more than double in a few days. Any ideas? Maybe the stats update weekly/monthly rather than real time? Or they group a bunch of late loans together and work through them in chunks? Who knows? It's still (just) below the target default rate so no need to panic. As long as the provision fund remains sustainable and my return remains as expected then I shall remain content.
|
|
benaj
Member of DD Central
Posts: 4,853
Likes: 1,591
|
Post by benaj on Mar 6, 2019 10:36:18 GMT
Provision fund coverage for 2018 is 92% after the update, may be in a couple of months we will see the true actual loss stats for 2018. EDIT: It seems some 2018 loans borrowers have extensions up to 12 months, so we may have to wait until May 2020 to see 2018 loss rate settled. nsiam , could you provide some stats how much loans originated in 2018 have been repaid? |
|
michaelc
Member of DD Central
Posts: 4,841
Likes: 2,756
|
Post by michaelc on Mar 13, 2019 0:18:45 GMT
Provision Fund Coverage has been below 100% for several days now. Not sure why?
Edit: And as if by magic its back above 100 today.
|
|
