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Post by batchoy on Jan 17, 2014 9:20:48 GMT
Well it looks like the borrower that was heading for a default has kept true to her word and after missing her December payment has paid both the December and January payments, however I have noticed that I am getting a growing number of Friday payers. Rather than paying on the due day an average of 10% per week of payments are being made on a Friday which can play havoc with my numbers depending on which day of the week I update my accounts and wondered if other were seeing a similar pattern.
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JamesFrance
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Port Grimaud 1974
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Post by JamesFrance on Jan 17, 2014 16:34:33 GMT
Most of my payments are due in the first half of the month, so I have a high percentage of overdue payments now which usually trickle in over the next two weeks. Their overdue figure shown in the chart now includes loans where only some interest is late, whereas before it excluded loans which had up to date repayments but some interest overdue. That makes quite a difference to the percentage this month compared with previous months.
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duck
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Post by duck on Jan 18, 2014 8:04:20 GMT
I've trawled back through my payment spreadsheet and I can't recognise the trend that you have batchoy. My payments are heavily distorted by one day (10th usually) on which 20% of my monthly repayments fall due with 34% falling due on just 3 days. Where 'lates' catch up appears to be more influenced by which day of the week these large payment days fall due on.
I can also spot trends with certain loans (especially those that make a 2c partial principal on the due date) in so much that the late payments trickle in on the same dates each month. Whilst initially the large numbers of 'lates' gave me major cause for concern, seeing these patterns suggests to me that I am not the only one micro managing their finances ..... which is a positive to me.
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Post by batchoy on Jan 18, 2014 9:02:02 GMT
I have the issue of the 10th as well, but I also see this trend of payments being made on a Friday that should have been paid in the week so that my numbers look far better on a Saturday than they do on a Thursday/Friday. My assumption is that these people are paid weekly and the payment is associated with them getting their pay packet and having looked deeper the Friday Payers seem to be predominantly ones that were purchased via my high risk/high return profile. I've looked for a similar monthly trend but can't see one.
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Post by djia977 on Jan 18, 2014 15:31:36 GMT
I'm surprised that your 10th of the month payers only account for 20% of the months total, mine are above 50%. For January I had 419 euros expected out of 826 total, with a similar percentage expected on the 10th February. Not sure what could explain the difference as until recently I was investing most days.
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oldgrumpy
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Post by oldgrumpy on Jan 18, 2014 15:37:08 GMT
batchoy"...and having looked deeper the Friday Payers seem to be predominantly ones that were purchased via my high risk/high return profile. ..."Being old and slow I keep reading the heading of this thread as " Friday Prayers"! Maybe Friday prayers go very relevantly with high/risk ... profiles! 
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duck
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Post by duck on Jan 18, 2014 16:26:32 GMT
I'm surprised that your 10th of the month payers only account for 20% of the months total, mine are above 50%. For January I had 419 euros expected out of 826 total, with a similar percentage expected on the 10th February. Not sure what could explain the difference as until recently I was investing most days. I was looking at numbers of payments, if I look at Euros the % on the 10th goes up to 39% so getting closer your 50%. The rest is I suppose luck! My other two 'peak days' are the first week day of the month and the 17th (or the closest week day) which (keeping to Euros) equates to a tad under 70%.
I'm not certain that anything can be drawn from these figures except that those payment days happen to be chosen by those that I have lent most too.
Is the 10th by any chance a 'default' setting when you apply for a loan?
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Post by batchoy on Jan 18, 2014 17:13:38 GMT
I have several peaks the biggest being the 10th - 48% (Eur), the next is across three days peaking on the 15th: 13th - 7%, 14th - 10%, 15th - 11% (Eur). Then there are three small peaks on the 6th, 17th and the 20th - 5% (Eur). I can understand the 15th peak as this relates to my initial investment, but the big one on the 10th has me stumped as there does not appear to be anything in the loan application that would allow you to set a draw down date.
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starfished
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Post by starfished on Jan 18, 2014 18:46:31 GMT
You got me curious... I appear to have a peak on the 10th and 15th as well, hadn't previously noticed.
1 6% 12 9% 23 0%
2 5% 13 5% 24 0%
3 2% 14 2% 25 0%
4 1% 15 15% 26 1%
5 3% 16 5% 27 1%
6 3% 17 3% 28 1%
7 5% 18 2% 29 0%
8 4% 19 0% 30 0%
9 4% 20 1% 31 0%
10 14% 21 0%
11 6% 22 0%
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JamesFrance
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Port Grimaud 1974
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Post by JamesFrance on Jan 18, 2014 21:31:45 GMT
Much the same for me, just under half are on the 10th and just under a quarter are on the 17th, with not much more until the beginning of the following month.
Maybe a coincidence but the 10th ones nearly all pay on time whereas the 17th ones have several regular late payers.
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duck
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Post by duck on Jan 19, 2014 6:20:09 GMT
That pattern is similar to mine if you take a % of dues In December I had 28 that didn't pay fully on the 10th (all cleared now) and 18 on the 16th 3 of which are yet to fully pay up!
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