Title: Anyone else seeing strong recovery so far in March?
Post by: rubicon on March 14, 2017, 11:00:00 PM
Post by: rubicon on March 14, 2017, 11:00:00 PM
hope it holds up! has to be the tax refunds!
Title: Anyone else seeing strong recovery so far in March?
Post by: TravelingPennies on March 14, 2017, 11:00:00 PM
Post by: TravelingPennies on March 14, 2017, 11:00:00 PM
nope, got at least 15 loans getting charged off starting this month going into April, most stopped making payments at 10-14 months, right on time.
This is out of 645ish active loans.
This is out of 645ish active loans.
Title: Anyone else seeing strong recovery so far in March?
Post by: mschoenf on March 14, 2017, 11:00:00 PM
Post by: mschoenf on March 14, 2017, 11:00:00 PM
Yes, I have noticed a stabilization in my adjusted return in the last 2 weeks or so after no new investing for about 6 weeks now. but not sure if too early to say the worst is over. Hopefully they will raise rates some to stem the rifis. LC really needs to split the 2nd orig fee with lenders when refi their own loans out from under us.
Title: Anyone else seeing strong recovery so far in March?
Post by: Debt Free on March 14, 2017, 11:00:00 PM
Post by: Debt Free on March 14, 2017, 11:00:00 PM
7 charge offs in Jan, only 1 in Feb on one of my 6 accounts. But pretty much the average across each of them.
Title: Anyone else seeing strong recovery so far in March?
Post by: .Ryan. on March 15, 2017, 11:00:00 PM
Post by: .Ryan. on March 15, 2017, 11:00:00 PM
No recovery for my account. Stabilization, at best.
Title: Anyone else seeing strong recovery so far in March?
Post by: Booleans on March 15, 2017, 11:00:00 PM
Post by: Booleans on March 15, 2017, 11:00:00 PM
Title: Anyone else seeing strong recovery so far in March?
Post by: fliphusker on March 15, 2017, 11:00:00 PM
Post by: fliphusker on March 15, 2017, 11:00:00 PM
Some took the beating in Dec., I took mine in Jan. And it has only been roses since.
But getting a couple warming up to be sold on FOLIO due to them mailing their payments in.
But getting a couple warming up to be sold on FOLIO due to them mailing their payments in.
Title: Anyone else seeing strong recovery so far in March?
Post by: TravelingPennies on March 15, 2017, 11:00:00 PM
Post by: TravelingPennies on March 15, 2017, 11:00:00 PM
Sorry if I was too "general". Across 6 accounts utilizing similar filters with 2926 notes (net of Paid and Charge Offs), I had 23 charge offs in Jan and 12 charge offs in Feb.
Yes some loans are across multiple accounts and some charge offs were "duplicated".
Yes some loans are across multiple accounts and some charge offs were "duplicated".