P2P Money Blog

Our recent quarterly update on peer-to-peer bad debt and late statistics have thrown up a few interesting, but also concerning, pieces of information.  Two of the major peer-to-peer companies are no longer publishing their bad debt and late statistics, so it is no longer possible to comment on them.  We will be contacting RateSetter and ThinCats to attempt to get these reinstated.  It is unlikely this was done to hide any "bad" data as both companies previously were performing well to estimates and their lates were comparably low.

ReBuildingSociety is now the best performing company against their initial estimates, but this may be short lived as they also have a high percentage of loans that are late, but due to the comparatively low number of loans this is not statistically significant.  Encash (YES-secure), which has only arranged three loans in 2013, now have one fifth of their loans now classed as late.

This data still shows that peer-to-peer is a good proposition, and most of these figures are those banks would be envious of.