Look at their statistics re loans issued in 2015, rather than the total book. >4% default rate, and not all those loans are due to be repaid yet.I must admit, I'm surprised the arrears are not higher
Look at their statistics re loans issued in 2015, rather than the total book. >4% default rate, and not all those loans are due to be repaid yet.
I still consider it low, in comparison to what I'd expect.
Just out of curiousity, what would you expect?
...Also, are there any published figures for banks for comparable loans?
I saw that. Now, why would they need someone full time to manage arrears, when their reported arrears is so low?.a full time arrears person,
I saw that. Now, why would they need someone full time to manage arrears, when their reported arrears is so low?.
Easiest job in the world!
- My "real life" brings some relevant experience to the table, when it comes to lending to SMEs.
Any investor who was using the "Autobid" system on LF or other platforms, would be wise to review their current settings.
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