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Post by queenvictoria on Jun 23, 2017 13:45:18 GMT
I have noticed that the loans of mine which have defaulted (PG loans) all originated in Georgia. If I then look at the delayed and extended loans a significant proportion are Georgian. Has anyone else spotted similar? Are Georgian loans to be avoided then?
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Post by nesako on Jun 26, 2017 15:44:17 GMT
I have noticed that the loans of mine which have defaulted (PG loans) all originated in Georgia. If I then look at the delayed and extended loans a significant proportion are Georgian. Has anyone else spotted similar? Are Georgian loans to be avoided then? Nah, it's just the proportion of available Georgian loans is higher, meaning that potentially 90% of your portfolio will be Georgian loans. Loans from other countries also default, for me personally, Polish one's seem to be the worst (across platforms), I know for many Spanish will be the worst
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Post by amoult on Aug 10, 2017 8:49:07 GMT
Are Georgian loans to be avoided then? Does it matter though if you happen to pick up PG loans that all default? As Twino is balance sheet lender rather than a pure p2p lending platform, meaning Twino has funded all the loans and then sells parts of them to the investors. So our (the investors) claim is for Twino and not the borrowers directly. Way is see it: Twino has a pool of money which is used to paid all the liabilities (their own expenditures, salaries etc., current loans and defaulted PG loans to the investors) Either they have enough income to cover their liabilities from the loan re-payments (or some other funding) or they don't and we (the investors) would be in a deep  . Maybe technically investors would somehow have a claim for all the future payments from current loans, but in practice I would not expect to see a penny from my portfolio if Twino would end up in bankruptcy. ..and this is the biggest risk I see in most p2p platforms and as most of them are private companies it's really really hard to gauge the financial health of the company.
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Post by robbert on Oct 29, 2017 11:45:33 GMT
@ amoult
This is my biggest concern to especially in an economic environment with a lot of debt and interconnection.
Default correlations only have to go up and everything will bust.
Deposit insurance for p2p institutions would be the perfect but will never happen. Other solution would be that a platform would be insured against default.
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IFISAcava
Member of DD Central
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Post by IFISAcava on Oct 29, 2017 11:52:42 GMT
@ amoult Other solution would be that a platform would be insured against default. That would be Archover
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