bob76
Posts: 103 
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Stats
Mar 5, 2016 16:31:59 GMT
Post by bob76 on Mar 5, 2016 16:31:59 GMT
Is there a page/report available with some monthly stats on amount lent, late loans, defaults, amount recovered etc?
I can't find it on the website, and this would be the only large P2P lending site I am using not publishing such information (which is surely available).
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Mar 6, 2016 8:46:01 GMT
Post by Ton ⓉⓞⓃ on Mar 6, 2016 8:46:01 GMT
Is there a page/report available with some monthly stats on amount lent, late loans, defaults, amount recovered etc? I can't find it on the website, and this would be the only large P2P lending site I am using not publishing such information (which is surely available). Very similar post HERE I may merge the two threads...
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bob76
Posts: 103
Likes: 22
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Stats
Mar 24, 2016 12:25:54 GMT
Post by bob76 on Mar 24, 2016 12:25:54 GMT
Would be good to understand from an AC representative why they don't feel the need to be transparent and publish the stats of their loans, unlike all other major P2P lending platforms...
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Post by andrewholgate on Mar 24, 2016 12:57:24 GMT
I'll get shot down for saying this, but it is coming. I've said it before but this time I am very close to finalising the data.
By next Friday I am reporting the board the final outcome of a number of internal tests and reports I have been running. What I will then do is get the data published and kept up to date. What I want to do is not only publish the loan book data but also look at how the security works etc. I want to go much, much further than other sites in what we are reporting.
We have been somewhat diverted in ensuring the deal flow continues apace. Now we have that, I can switch attention back.
To throw it back at you guys, what other data would you want to see?
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Post by Butch Cassidy on Mar 24, 2016 13:13:06 GMT
Timescales would provide a sobering guide; Loan specifically how long from payment difficulties until a rescheduled plan was put in place, how long then to technical default/LPA vote, how long before LPA instruction actually achieved anything, how long any interim investor payout took & any full & final payout. I would also recommend the RAG system used by FC for broadbrush investor guidance - (Red/Amber/Green as to the chance of recovery for distressed loans)
Security provides great comfort to investors but all security is not of the same quality & often takes vastly different timescales to release any value, so perhaps definitive guidance as to what each category of security can provide & the likelihood & timescale of any realisations.
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bob76
Posts: 103
Likes: 22
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Stats
Mar 24, 2016 13:13:28 GMT
Post by bob76 on Mar 24, 2016 13:13:28 GMT
Sounds promising.
I think FC does a good job with their stats page (https://www.fundingcircle.com/statistics), in term of information displayed, and the combination of graphs and tables.
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Post by Ton ⓉⓞⓃ on Mar 24, 2016 18:42:50 GMT
AC has hit £100million in loans since its inception.
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mikeb
Posts: 1,072
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Mar 24, 2016 19:02:49 GMT
Post by mikeb on Mar 24, 2016 19:02:49 GMT
To throw it back at you guys, what other data would you want to see? : Is there any plan to show us progress/status on the now-hidden-off-platform loans such as the ones referenced here p2pindependentforum.com/post/52583/threadsome of which were entering "we are chasing this through the courts" territory, but nothing more was heard. Or have these all been written off by AC? (As it's now round to spring, again -- and the promised update never materialized)
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bob76
Posts: 103
Likes: 22
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Stats
Mar 24, 2016 19:41:59 GMT
Post by bob76 on Mar 24, 2016 19:41:59 GMT
AC has hit £100million in loans since its inception. Yes, and? Is that your attempt to provide some meaningful stats?
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