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Post by df on Apr 19, 2019 21:11:52 GMT
on credit card (unsecured) lending
So only go with the strongest platforms with proven risk assessment. As far as I can see FC and ZOPA are both being impacted and the RS provision fund is heading south (so much so that RS no longer publish it except one month in arrears.)
Who reckons who's best placed to survive the inevitable Tsunami when unemployment (currently at a record low) increases?
Winter is coming......
Lending on LW comes with insurance covering borrowers' loss of employment, accident, sickness and death.
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Post by imperial on Apr 23, 2019 14:50:58 GMT
Default RATES for credit cards are up, but losses given default are DOWN by 9%.
For other unsecured loans, losses given default are down by 11%.
So if you choose to focus on those figures then things are looking up.
Note also the rate is the INCREASE on the previous rate, so if (say) defaults were 4% then a 22% increase gets you to 4.88%.
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Post by lotus_eater on Apr 24, 2019 18:02:11 GMT
Err, because it was a leading indicator of what happened less than a year later. The biggest financial disaster since the ‘30s You lost me there mate. What happened last year (2018) which was worse than the '30's? Or did you mean 2007?  Because that would make more sense. Unless I'm totally missing something...........?
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r00lish67
Member of DD Central
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Post by r00lish67 on Apr 24, 2019 18:13:01 GMT
Err, because it was a leading indicator of what happened less than a year later. The biggest financial disaster since the ‘30s You lost me there mate. What happened last year (2018) which was worse than the '30's? Or did you mean 2007? Because that would make more sense. Unless I'm totally missing something...........? Huh, I missed that initial reply to me. Yeah, what obviousinvestor said. My memory isn't always the best, but I feel I would have remembered a titanic financial crisis happening a year ago!
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Post by sayyestocress on Apr 25, 2019 10:43:37 GMT
You lost me there mate. What happened last year (2018) which was worse than the '30's? Or did you mean 2007? Because that would make more sense. Unless I'm totally missing something...........? Huh, I missed that initial reply to me. Yeah, what obviousinvestor said. My memory isn't always the best, but I feel I would have remembered a titanic financial crisis happening a year ago! I recall the market having a bit of a correction, but nothing worthy of leaping from buildings 
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ashtondav
Member of DD Central
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Post by ashtondav on Apr 26, 2019 16:43:13 GMT
Oooooops. Thought it said 2007  |
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