Looks like you were not sufficiently diversified. Best to have, say, at least 100 per grade.
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Just as a matter of interest people: when looking at your export sheet, what proportion of live loans which should have received a payment recently are recorded as Current but actually have had no payment this past month - say up to and including the 15th of the month. I have 4% of my live loans recorded as Current which are actually in arrears. That's on top of the 2.5% recorded as in arrears. Anyone else chatting to Harmony about this?
In case anyone cares, here are my results, investing since March 2016.
Total RAR (from Harmoney): 15.80%
Total loans: 962
All 36-month loans
Loan breakdown by $invested: A 19.4% / B 25.7% / C 21.7% / D 20.5% / E 12.7% / F 0%
# Loans in arrears >30 days: 7
# Loans canceled: 11
# Loans paid off: 354
# Loans charged off: 12
Charged off breakdown by Grade: A 0 / B 1 / C 1 / D 1 / E 9 / F N/A
Thanks. Since 1.5 I've been consciously putting less into A and trying to invest more heavily into the C and D grades.
People may not write here regularly, but if this thread is over 200 pages, they do appreciate and engage, when they can. By the way, Enviable stats CageyB.
Your numbers are too thin for confident analysis, Soolaimon, but good to see you are reasonably content. Defaults can impact highly on thin numbers, skewing observations.
Agreed.
If you go into Loan Export, The data there shows the arrears accurately (Time in arrears (days))
To take a shot in the dark as to why. It could be "Status" reporting relate to Harmoney's own internal Credit Control. (eg "CURRENT" = ???successful contact with borrower, adequate explanation & plan to get back on track???).
Loan ID Date Status Time in arrears (days) Grade LAI-00106881 22/08/2017 Arrears 31-60 E3 LAI-00108053 24/08/2017 Current 31-60 D1 LAI-00112018 29/09/2017 Current 1-30 F4