corto
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one-syllabistic
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Post by corto on Jan 30, 2020 13:50:39 GMT
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ashtondav
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Post by ashtondav on Jan 30, 2020 18:20:50 GMT
Goes some way to explain the depleted PFs at RS and LW, the lower returns at ZOPA and FC, I guess.
FS was reassuringly just fraud, incompetence and poor valuations...
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corto
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Post by corto on Jan 31, 2020 1:35:02 GMT
Possible, but on the other hand in earlier years, 2009-13, insolvencies where considerably higher than now and that does not seem to have caused much stress with those that invested in p2p already then. Also, the company data at gov.uk shows spikes in 2016 and 17. I first thought that may have contributed to the FC jumps in defaults, but the spikes probably happened to early. They may have contributed to FC changing their rules, though. Speculation ...
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ashtondav
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Post by ashtondav on Jan 31, 2020 8:55:48 GMT
09 -13 credit checks, due diligence and rejecting lower quality borrowers were better. Since 2016 it’s been a race to the dregs - especially FC.
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