charge off vs int and RAR
Quote:
Originally Posted by
joker
Hi Alistar and thanks for posting. I'm amazed that your charge-offs vs interest = 22% ($4.5K vs $20K) and yet your RAR is still so good. I assume many of your original loans were at 30%+ interest rates and that current charge-offs have dropped significantly now.
Mine are 4.79% ($149 vs $3,110) RAR 12.69% but I've only been invested for 7 months so more no doubt to come.
I would be interested to read other investors' charge-off vs interest vs RAR stats for comparison.
TIA all.
The average for HM atm is $22,880,104/$99,747,404 (market stats at 1.26pm 9 March) = 22.94%. So Alistar's 22.23% is still below average.
Mine after 33 months (5000++ loans) is 21.32%. My RAR is just above 14% atm, so I am still happy.