Woudn't a responsible lender ask this upfront and cater for this. Especially for debt consolidation, choosing payment date would be good for the sales pitch.
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losing your principal is never a minor concern.
Arrears > Accurate Status update now I'm by the PC!
Attachment 7929
Thx for sharing that Saamee. I find it interesting, because the link I shared indicates that delinquencies could probably be expected to increase linearly over time for the first year or so before levelling out. Your experience shows two things 1) most delinquencies started in the first month, 2) the other delinquencies may have been increasing linearly.
Monica, this pattern of delinquencies in the first month is a bit troubling to me. Are you able to share any stats about the patterns/timings of delinquencies that are happening in the overall portfolio?
As I said, the repair rate is extremely high. thanks for your comments - I will answer questions where I can help. Monica.maths@harmoney.co.nz
Today a 'good read' ( below ) article on P2P and Taxation on Interest.co.nz
http://www.interest.co.nz/opinion/80...rk-p2p-lending