Prospers.ORG Prosper Forum

Advanced search  

News:

Welcome to Prospers.ORG!   Login here

Pages: [1]   Go Down

Author Topic: Have your losses been increasing?  (Read 8160 times)

havastat

  • Hero Member
  • *****
  • Karma: +0/-0
  • Posts: 711
    • View Profile
Have your losses been increasing?
« on: July 05, 2016, 10:10:33 pm »

Mine have. It hasnt gotten to the point where Im losing money, but charge offs have increased and Im starting to get worried.
Logged

bluestar148

  • Hero Member
  • *****
  • Karma: +580/-1355
  • Posts: 2858
  • The Earth is a huge biology experiment.
    • View Profile
Re: Have your losses been increasing?
« Reply #1 on: July 06, 2016, 06:35:47 am »

My in grace period loans have been increasing. Usually I sell my grace period loans within a week.
Logged

bjjb99

  • Hero Member
  • *****
  • Karma: +69/-29
  • Posts: 1063
    • View Profile
Re: Have your losses been increasing?
« Reply #2 on: July 06, 2016, 07:16:19 am »

Ive got one D-class loan in grace period currently.  Thats up from zero, so I guess its increasing... though it reminds me of this:

Logged

Fred93

  • Hero Member
  • *****
  • Karma: +1/-1
  • Posts: 3914
    • View Profile
Re: Have your losses been increasing?
« Reply #3 on: July 07, 2016, 10:45:15 pm »

Figment of your imagination.

havastat

  • Hero Member
  • *****
  • Karma: +0/-0
  • Posts: 711
    • View Profile
Re: Have your losses been increasing?
« Reply #4 on: July 08, 2016, 05:36:14 am »

My in grace period loans have been increasing. Usually I sell my grace period loans within a week.

What discounts do you tend to sell them at?
Logged

bluestar148

  • Hero Member
  • *****
  • Karma: +580/-1355
  • Posts: 2858
  • The Earth is a huge biology experiment.
    • View Profile
Re: Have your losses been increasing?
« Reply #5 on: July 08, 2016, 04:19:14 pm »

I start out at 10%. Then I drop by $1 a day until sold.
Logged

havastat

  • Hero Member
  • *****
  • Karma: +0/-0
  • Posts: 711
    • View Profile
Re: Have your losses been increasing?
« Reply #6 on: July 10, 2016, 09:21:34 am »

I start out at 10%. Then I drop by $1 a day until sold.

What discount does it tend to sell at? Has it been less recently than previously?
Logged

bluestar148

  • Hero Member
  • *****
  • Karma: +580/-1355
  • Posts: 2858
  • The Earth is a huge biology experiment.
    • View Profile
Re: Have your losses been increasing?
« Reply #7 on: July 10, 2016, 03:49:39 pm »

Percentage wise I am not sure. They usually get picked up in the $10 - $5 range.
Logged

havastat

  • Hero Member
  • *****
  • Karma: +0/-0
  • Posts: 711
    • View Profile
Re: Have your losses been increasing?
« Reply #8 on: July 12, 2016, 07:58:13 pm »

The Wall Street Journal reports that loan losses have been going up, particularly among higher-credit-risk borrowers.

https://www.google.com/amp/www.wsj.com/amp/articles/lendingclubs-newest-problem-its-borrowers-1468265212?#
Logged

havastat

  • Hero Member
  • *****
  • Karma: +0/-0
  • Posts: 711
    • View Profile
Re: Have your losses been increasing?
« Reply #9 on: July 12, 2016, 07:58:40 pm »

Lobby.
Logged

faithful_steward2

  • Newbie
  • *
  • Karma: +0/-0
  • Posts: 24
    • View Profile
Re: Have your losses been increasing?
« Reply #10 on: August 25, 2016, 11:08:15 pm »

2008 all over again. The banksters didnt learn, they leveraged up. Fasten your seat belts.
Logged

havastat

  • Hero Member
  • *****
  • Karma: +0/-0
  • Posts: 711
    • View Profile
Re: Have your losses been increasing?
« Reply #11 on: September 06, 2016, 03:27:20 pm »

If you look at Lending Clubs stats, loans originated in both the 4th quarter of 2015 and the first quarter of 2016 have significantly lower returns than the average. Since there has been relatively little time for defaults to develop and interest rates have gone up slightly, one would expect newer loans to have higher returns than average.
Logged

TJGbank

  • Hero Member
  • *****
  • Karma: +1683/-2182
  • Posts: 1861
    • View Profile
Re: Have your losses been increasing?
« Reply #12 on: November 11, 2016, 07:37:58 pm »

Dot.org has become an ass-hat of stupid shit since DT got elected.
Logged
Joe and his Ho gotta go!
Lets go Brandon!

silvermoonfairy3

  • Hero Member
  • *****
  • Karma: +1/-4
  • Posts: 14404
    • View Profile
Re: Have your losses been increasing?
« Reply #13 on: November 11, 2016, 08:40:28 pm »

Dot.org has become an ass-hat of stupid shit since DT got elected.

If you post it in every thread, it must be true!
Logged
~*~  Ellen
Pages: [1]   Go Up