Post by p2p2p on Sept 3, 2017 7:21:45 GMT
I'm baffled why people expect 12% and no defaults. In a market where banks with vastly more experience in running loans than new p2p companies can only pay out 1% to savers, all I expect is 6-7%, with the difference being a combination of leaner p2p organisations and compensation for higher risk. But that risk means I expect defaults every few months with a 100 loan portfolio.
5% reduction in returns equates to 1 loan in 10 going bad, with 50% recovery given its property backed, so a good month is one without a default. FC disappointed me with worse performance than that, and loans to companies who's assets evaporated. LL has surprised me with no losses in my first year here.
5% reduction in returns equates to 1 loan in 10 going bad, with 50% recovery given its property backed, so a good month is one without a default. FC disappointed me with worse performance than that, and loans to companies who's assets evaporated. LL has surprised me with no losses in my first year here.
