Rar just updated.. Cant complain really. I don't see any investment vehicles that will yield this much, even if you take into account the write-offs. RAR might go down as the loans mature, who knows, we'll see.
Offtopic but Lendingcrowd has been good to me so far, too
still investing with HM and LC
wow, 16.06 is very high! May I know how many loans you are in and how long? I am now at over 2000 loans after about 12 months and RAR of 13+ with $000 of chargeoffs. With the new fees, I reckon my RAR will be about the same in both HM and LC at best.
700+ loans around 20k+ NZD invested, weighted towards A and B loans. Mostly single notes, but some loans have 4 notes or more. 80% for 60 months 20% for 36 months.
I've gone as high as 17% but it doesnt hover around there for too long. Also invested the bulk before june.
My rar might drop to 12% - 13% after most of the pre-june loans get paid or written off.
2000+ loans with no write-offs is very impressive, in your case. The bulk of my arrears come from E and F loans. What loan grades do you prefer?
700+ loans around 20k+ NZD invested, weighted towards A and B loans. Mostly single notes, but some loans have 4 notes or more. 80% for 60 months 20% for 36 months.
I've gone as high as 17% but it doesnt hover around there for too long. Also invested the bulk before june.
My rar might drop to 12% - 13% after most of the pre-june loans get paid or written off.
2000+ loans with no write-offs is very impressive, in your case. The bulk of my arrears come from E and F loans. What loan grades do you prefer?
Sorry for the miscommunication. I have 47 charge offs - "$000" ($thousands) of charge-off. Mostly in E and F.
Have been in since June 2015. So, far, the charge offs comes between 5 to 9 months of the loans with an average so far of 6.8months. The soonest was 2.1months and the slowest was 11.8months.
When you said June, did you mean June 2016 or June 2015? If you only started this year, then do be prepared for the charge offs to come later.
started late 2015 but, i wouldnt be surprised if the future charge-offs degrade my RAR. I m hoping since the bulk of my loans are less risky A and B, I might not see as much write-offs.
started late 2015 but, i wouldnt be surprised if the future charge-offs degrade my RAR. I m hoping since the bulk of my loans are less risky A and B, I might not see as much write-offs.
with the new fees and the way defaults are going, I reckon my RAR will eventually (maybe after another year) to drop to between 11 to 12% which will be less than my LC's RAR (at the moment above 12%). But then I am in LC for only about 5 months so early days yet to compare the two.
Sorry for the miscommunication. I have 47 charge offs - "$000" ($thousands) of charge-off. Mostly in E and F.
Have been in since June 2015. So, far, the charge offs comes between 5 to 9 months of the loans with an average so far of 6.8months. The soonest was 2.1months and the slowest was 11.8months.
When you said June, did you mean June 2016 or June 2015? If you only started this year, then do be prepared for the charge offs to come later.
I analysed it just once some months ago but did not keep the results. Too much time doing it and not that meaningful as whether an arrear become a write-off or not is difficult to predict. Now, I hardly looked at the arrears at all.
I analysed it just once some months ago but did not keep the results. Too much time doing it and not that meaningful as whether an arrear become a write-off or not is difficult to predict. Now, I hardly looked at the arrears at all.
I imagine the longer a note is in arrears the more likely it will be charged off. So when looking at your notes in arrears, a note one month in arrears will be less likely to convert to a charge off than a note three months in arrears. Has anyone studied that?.
I imagine the longer a note is in arrears the more likely it will be charged off. So when looking at your notes in arrears, a note one month in arrears will be less likely to convert to a charge off than a note three months in arrears. Has anyone studied that?.
Yes, I did a quick calculation about 2 weeks ago, tallying up my arrears into before March, March, April and May (based on last payment) and then arbitrarily assigning a percentage to each months total - eg, before March 100%, March, 80% and so on.. I estimated that I will get another $2000+ charge-offs in the next few months.
Originally Posted by Broke
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