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Peer2Peer Finance News | August 16, 2017

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defaulting loan

Lendy unveils loan default numbers

May 12, 2017 |

LENDY has published data on arrears showing that no investor has ever lost money on the platform to date, despite over half of the 98 closed loans having been repaid after the deadline and about 15 per cent having resulted in late interest … Read More

Industry urges for standard default definition

April 6, 2017 |

Peer-to-peer lenders are backing calls for a standardised definition of defaults in the sector.

Although actual default rates are low, the definition of when a loan has failed is not consistent across all platforms, making it harder for investors to … Read More