Quote Originally Posted by Soolaimon View Post
Correct, my RAR has been around 12.8% now for a year or more. Bank term deposits averaging 3.55% so all is well..so far.
I imagine, that Not everyone can be so confident There is greater risk surrounding that before tax unsecured RAR. Also, unless you can be certain that you can deduct both charge-offs and lender fees, then you effective tax rate could be much greater than 33%. Plus how much do you have sitting in the Harmoney platform non-interesting bearing account waiting for loans or waiting for loan notes to be taken up by borrowers?

Charge offs comprise 22% of gross interest is and that is in a fairly benign economy.