Post by james on May 4, 2014 18:16:22 GMT
I had a good day on the resale market a couple of days ago. I also had a bad day on the resale market. Those were loans that I'd got at low interest rates as part of the bidding cost to get the 28% rate loans, so I took a capital and fee loss of €27 to sell them. Some statistics:
Number sold: 14
Value sold: about €620
Profit/loss for me: loss of about €27
Average expected return for buyer: 14.2%. Low 13%, high 15%.
Average borrower interest rate: 12.1%. Low 10%, high 14%.
Average time to sell: 9 days. Low 1 day, high 26 days.
Average amount borrowed: €3507
None of these loans was late
Number sold: 14
Value sold: about €620
Profit/loss for me: loss of about €27
Average expected return for buyer: 14.2%. Low 13%, high 15%.
Average borrower interest rate: 12.1%. Low 10%, high 14%.
Average time to sell: 9 days. Low 1 day, high 26 days.
Average amount borrowed: €3507
None of these loans was late