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Post by oktaeder on Mar 23, 2017 16:39:14 GMT
Yep A picture that says more than 100 words:  If I integrate the last year it doesn't show me big earnings... |
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Post by rahafoorum on Mar 23, 2017 17:13:57 GMT
They I see it is that if the DCA rate for non-default lones were included, then the graph would actually look better. This is because any loan that does not end up on this chart will have been successfully collected. Butch was saying that these were included in the graph making it look better but actually they are not included. In any case though, the difference would be quite small and the 5-15% rate still looks quite bad. To be honest, before DCA was introduced, nearly 80% of the cases where a loan went 7+ days overdue, recovered on their own. If you added this cost compared to the "improvement" on default rate, I'm pretty sure the result would look worse, not better.
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Post by rahafoorum on Mar 23, 2017 17:16:41 GMT
Actually you can see the statistics yourself now from their site from the cumulative recovery graph. DCA was first introduced for loans that defaulted in June 2015. Later on earlier defaults were also sent there, but you won't see a clear effect there since they were partly dealt with previous collection processes. Well that would mean that they resigned on collection altogether.. DCAs collected way less than previous in-house process. But I'd say that these numbers in the graph are irrelevant because we don't know what exact part was collection costs (I believe it includes it).. If you believe the graph includes DCA fees as well, then it's an utter disaster and negligence from Bondora's part wouldn't begin to even describe it. Although I'm optimistic that it shows results after DCA fees.
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kulerucket
Member of DD Central
Posts: 336 
Likes: 93
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Post by kulerucket on Mar 23, 2017 19:00:31 GMT
It's the same problem with any of these graphs. They are just not explained in enough detail. The only way to figure it out is by looking at the equivalent graph in personal stats and comparing them with your actual loans record.
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carlos
I'm short Bondora and long p2p.
Posts: 104
Likes: 21
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Post by carlos on Apr 7, 2017 13:08:20 GMT
I've asked about this and the graph should show net amount investors received. There is obviously no way for us to check if it is true, nevertheless the sudden decrease in income speaks for itself.
We can check our own investments using:
You can check the Debt Servicing Costs, for example, from the Cashflow page.
Value 'Debt servicing costs - total' shows the total amount that covered the debt servicing costs for your investments.
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