ablender
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Post by ablender on Mar 28, 2016 13:19:01 GMT
Is it my impression or is there an increase in loans with shorter terms on SS?
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Mar 28, 2016 13:27:46 GMT
Is it my impression or is there an increase in loans with shorter terms on SS? No, there is an increase in loans where the term is actually known to be shorter. Historically, boat loans were generally 7 months (6 months plus a month so resolve issues) and early PBLs were 6 months, but gradually 12m has become the displayed norm, though a number of loans have been subsequently discovered to be shorter. Edit: looking at the data I use to construct the graphs on the updates, nearly all loans before PBL32 were less than 12mths originally, except 5, 25 & 32 (maybe couple of others that paid on time so arent noted)
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SteveT
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Post by SteveT on Mar 28, 2016 13:28:46 GMT
Is it my impression or is there an increase in loans with shorter terms on SS? More likely it's that they are now putting the actual term for which interest has been retained, rather than marking them all up as 365 days [crossed with ilmoro]
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