JamesFrance
Member of DD Central
Port Grimaud 1974
Posts: 1,323 
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Post by JamesFrance on Feb 14, 2014 16:52:11 GMT
Loans to people in Slovakia are starting on Monday 17th February. There is also an updated default graph covering loans made until December 2013. Previous year defaults are still reducing as the amounts are collected. Attachments:Default%20curves.xlsx (240.24 KB)
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duck
Member of DD Central
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Post by duck on Feb 16, 2014 6:47:24 GMT
Must make time to read this link that was put up when the Slovak loans were mentioned since I only skim read it first time round collectionagencyservice.com/slovak-republic-collection-agency-service.html
Interesting debt graph, I've been keeping tabs on my defaults and so far they could be a lot worse. A total of 13 defaults.(9 A 1000's which make up the majority of my loan book) 5 defaulters made no payments. The capital loaned to the 13 defaulters represents 1.63% of cash invested.
I do not view these figures as a good view long term view of my loan book since I am still growing it. A proportion have not yet reached 60 days. I have an eye on those loans that I expect to default and strangely I have managed to move a couple on the secondary market. That said 4 of my defaults are making payments which is very good to see. I also note how clear the notes on the progressing collection processes are - others should take note!
Whilst I view isePankur at the higher end of risk - and the historical figures back that up, the returns are still far higher than those I am returning on other platforms*. When I was active on Zopa (been pulling money out of there for some time now) I noted some people getting really upset when they had their first default (and even late) I would suggest that isePankur is not for them, I am still bemused by the number of smaller/multiple/days late payments that I receive!
*This obviously varies when you take into account the Pound / Euro exchange rate fluctuations.
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Post by batchoy on Feb 17, 2014 10:50:10 GMT
Slovakia has not been added to the investment profiles (yet) so I have shutdown my pan-European profile just so that I don't manage to catch any Slovakian loans should they be listed. Whether by luck or judgement I have managed to go for sometime without managing to incur a default, but sad to say I picked up my first one this morning. On the screen it looked really good, Estonian A1000 and all the numbers looked right but after one (on time and correct) payment it has now defaulted  |
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JamesFrance
Member of DD Central
Port Grimaud 1974
Posts: 1,323
Likes: 897
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Post by JamesFrance on Feb 17, 2014 11:04:10 GMT
I joined quite soon after the Finnish loans started and bought several on resale without realising they were from there, as on the resale list the nationality doesn't show. This gave me a default rate for Finland of 22% before I realised and stopped investing there. They say that the current ones are much higher quality borrowers, but as they have no overdue penalties I will be avoiding Finland unless I see good evidence of recovery of defaulted loans. Spain seems ok so far but I am there now so know more about the people there and no defaults there so far and payments up to date.
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duck
Member of DD Central
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Post by duck on Feb 17, 2014 17:26:24 GMT
2 more defaults today one another Finnish loan that failed to make a single payment making a total of 3. I've stopped taking any new Finnish loans some time ago. As you say jamesfrance Spain seems OK at present, I've got a couple of late payers and I've had a few penalties paid.
big payment days usually show these loans up, if you can get past the first big payment of the month and then the second (around 17th) then the pressure is usually off for the month!
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Post by batchoy on Feb 17, 2014 17:41:10 GMT
Slovakia has not been added to the investment profiles (yet) so I have shutdown my pan-European profile just so that I don't manage to catch any Slovakian loans should they be listed. Slovakia is now a country option on investment profiles.
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