keitha
Member of DD Central
2024, hopefully the year I get out of P2P
Posts: 4,594
Likes: 2,624
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Post by keitha on Feb 1, 2020 9:43:31 GMT
I have a spreadsheet with my defaults and recoveries over the last year
now ignoring months with only 1 default as that isn't statistically accurate.
March none have paid anything May All are Paying recoveries June None paid a penny July All started but have stopped August None started paying September None started paying October all paying and all started in November
makes you wonder if different sub teams take on different months of defaults
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Post by shanghaiscouse on Feb 3, 2020 10:02:52 GMT
It's probably just the way they post it to the accounts. When they default they give the recovery work out to external agents, who will be working on hundreds of loans, and when they invoice FC and provide the recovery payments it will all be in one lump sum that FC then have to allocate down to individual accounts, so it will appear very "lumpy"
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