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anyone else seeing a huge spike in charge-offs for Nov?

Started by Peter, November 30, 2016, 11:00:00 PM

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rubicon


rawraw

I normally just wait for the account statement to come out.  But I suspect my net charge offs declined this month after rising for the past two months.

lascott

I typically wait for the account statement as well. I stopped buying for about 5 months and just now starting up. I get more charge offs than I expected for my pretty conservative account.

https://forum.lendacademy.com/proxy.php?request=http%3A%2F%2Fi.imgur.com%2Fzk8AUyH.png&hash=e7c0ca44f3eb95af867b9d543bec70bc" alt="" class="bbc_img" />

Bunch of recovery active on 11/30

https://forum.lendacademy.com/proxy.php?request=http%3A%2F%2Fi.imgur.com%2FrrToRhz.png&hash=a97356d9534b45487ce958f4ba28fe42" alt="" class="bbc_img" />

mschoenf

Nov. was the first month since I began investing 5 years ago where Chargeoffs exceeded interest income.  I hadn't checked the count, but I assume that goes along with what you're seeing.  https://forum.lendacademy.com/Smileys/default/cry.gif" alt=":'(" title="Cry" class="smiley" />

RyanL

My charge-offs have remained pretty consistent over the last 3 months with November actually performing slightly better than October and September. However August was a tough month for my account - lots of variables in play.

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