Data handling | P2P Independent Forum

mostlywrong

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Data handling Dec 29, 2014 17:23:52 GMT

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Post by mostlywrong on Dec 29, 2014 17:23:52 GMT

Do you manipulate the data that FC provides?

I use Excel for basic manipulation of the data but I realise that there is a lot more that I could do with the data if I had the time to sit down and work through it.

For example, I have just flagged for sale a loan part that took 8 extra days to pay the 5th monthly bill. To a casual viewer, FC does not show anything untoward under "Repayments", but to me, and others, that loan is now a risk too far. But what is there to stop me repurchasing that loan part on a future, cold, wet Sunday afternoon when my memory fails me?

Do you keep a card index? A notebook? A database?

Or do you just treat the whole thing like a black box?

MW

mikeb

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Data handling Dec 29, 2014 18:40:02 GMT

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Post by mikeb on Dec 29, 2014 18:40:02 GMT

What stops me re-purchasing an old loan part in the future -- "Don't look back!"

With the occasional exception of picking up an older secured loan part that I didn't have funds for when it was new, I only bid on current auctions.

So I can't pick up old parts. If I've dropped it (after 4-6 months), it's gone. If I never bid in it, it's gone. There's enough to keep track of ...

sl75

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Data handling Dec 29, 2014 19:30:26 GMT

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Post by sl75 on Dec 29, 2014 19:30:26 GMT

Ultimately, if you want to base a decision on whether to buy parts of a particular loan on data other than that immediately available on the website, it is up to you to gather and maintain such data.

Nothing stops you repurchasing a loan part you have previously held... and indeed due to various changing market conditions and my own adaptations to these, I have indeed on a few occasions repurchased the exact same loan part I previously sold (rather than merely another part of the same loan).

For myself, rather than external databases, I rely primarily on "standardised rules", based on the data presented by FC. Others have different strategies, and will price the same loan parts differently to me - which is what a market is for - to allow trades to occur between people who consider the same item to have different value.

GSV3MIaC
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Data handling Dec 30, 2014 10:32:07 GMT

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Post by GSV3MIaC on Dec 30, 2014 10:32:07 GMT

I keep a database, and I keep enough 'old' loanbook downloads to be able to spot most of the 'late and then they weren't' loans .. however I'm also a lot like mikeb, I rarely go back and purchase historic parts on the SM, not least because the more recent ones have higher rates (in general) and lower failure rates (so far).

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