334 replies to this topic

[zopa_tom]

 Risk_Info_to_lenders200704030.zip   4.28K   267 downloadsFrom Karen Wilshere, Zopa's Risk Director
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Hi there

We wanted to provide more transparency to all our Members around the level of bad debt in the Zopa markets.

Attached is a table that shows by quarter, by market, the actual level of bad debt since launch.

The bad debt level, expressed as an annual %, is calculated for each market in each period as follows:

Amount of outstanding borrowing written off or transferred for debt collection (£)
Total amount of money borrowed (£)

Borrowers who miss a repayment are transferred to collections immediately that they fail to make a payment and, after contact by Zopa, fail to rectify that missing payment; or where Zopa have been unable to contact the borrower. This is normally within 1 or 2 weeks of their missed payment..

We've also shown the expected level of bad debt that we provide lenders as guidance at the point their lending offers are made. As you can see, thus far the market and therefore your returns on a diversified portfolio, are well ahead of the expectations set.

We've also provided the usernames of the borrowers that have been written off or who are currently in collections (NB some borrowers who are in collections may fully recover in the future)

We will update this information Quarterly.

Karen

[Justin]

I've had a fiddle with the attachment - seems to work for me now.

[Justin]

Justin, on May 25 2007, 08:42 AM, said:

I've had a fiddle with the attachment - seems to work for me now.

Have I mentioned how much I hate this bulletin board software? Anyway...

Try this.

[zopa_tom]

Anyone having trouble downloading this please drop an email to tom@zopa.com

[Justin]

Updated figures to end of June 2007 are available here.

[Opsamillion]

Hi All

We've updated the figures, and we've made some changes too. These changes have been made to make this clearer and easier to understand. We hope you like it.

The new file is here!

If you have any questions or problems downloading the file, please get in touch at contactus at zopa dot com.

Cheers

Adrian

[Opsamillion]

Sorry guys, the file I posted last week was incomplete. It's now been updated as of today and you can find the file here.

Sorry to cause problems

Thanks

Adrian

[chancer]

please can we have the quarterly update

[savaroony]

chancer, on Apr 18 2008, 11:28 AM, said:

please can we have the quarterly update

Apologies for the delay.
Updated figures are available in this file  Risk_Info_to_Lenders20080420.zip   7.29K   89 downloads

[pomma9649]

savaroony, on Apr 24 2008, 01:48 PM, said:

Apologies for the delay.
Updated figures are available in this file Risk_Inf...20080420.zip

thanks but the link just gives me an error message ..I am logged in

"Sorry, but you do not have permission to use this feature. "

[savaroony]

pomma9649, on Apr 24 2008, 01:56 PM, said:

thanks but the link just gives me an error message ..I am logged in

"Sorry, but you do not have permission to use this feature. "

I've tested this with a couple of other users who aren't moderators or employees and it seems to work fine.
Are you able to download any of the previous versions we've published?
Thanks
S

[sl75]

savaroony, on Apr 24 2008, 02:29 PM, said:

I've tested this with a couple of other users who aren't moderators or employees and it seems to work fine.
Are you able to download any of the previous versions we've published?
Thanks
S

I also hadn't been able to download this, getting the same error as pomma, but it was working by the time of your second post.

[pomma9649]

savaroony, on Apr 24 2008, 02:29 PM, said:

I've tested this with a couple of other users who aren't moderators or employees and it seems to work fine.
Are you able to download any of the previous versions we've published?
Thanks
S

worked this time, thanks - maybe I was onto it too quickly before it had got to where it needed to be to download?!!

[savaroony]

mysterious! But glad it's working...

[pomma9649]

savaroony, on Apr 24 2008, 03:40 PM, said:

mysterious! But glad it's working...

are there any figures for listings defaults/bad debts??  or any news on bougedela yet??

[chancer]

a good quarter

qtr to mid-Jan £2.76m lent out.  £3.7k bad debt
qty to mid-Apr £3.20m lent out.  £2.3k bad debt

[savaroony]

pomma9649, on Apr 24 2008, 03:47 PM, said:

are there any figures for listings defaults/bad debts??  or any news on bougedela yet??

You're right, listings have probably been going long enough now for some bad debt figures to be interesting, if not statistically significant. I'll get these to you next week.
Bougedela will be included in the late payers list later today.

[Ajax]

chancer, on Apr 25 2008, 01:03 PM, said:

a good quarter

qtr to mid-Jan £2.76m lent out.  £3.7k bad debt
qty to mid-Apr £3.20m lent out.  £2.3k bad debt

Indeed.

If my maths are right to mid Jan bad debt compared to total lent was 0.13% and 0.07% (rounded) respectively.

[savaroony]

Hello all,

Please find latest quarterly update on bad debt figures in this file  Risk_Info_to_Lenders20080630.zip   7.5K   82 downloads.
This now includes any listings that have gone to collections.

[savaroony]

Hello again.

A couple of borrowings have, unfortunately, gone to a Defaulted status.
All effected lenders have been contacted and where relevant, their debt has been purchased as per the Zopa Principles by CRS.
I therefore thought you might appreciate the latest bad debt figures so you have full visibility of the impact this has had on our performance to date. I'm pleased say their impact is small and we're still beating our overall estimates by miles.
The 'It's Safe' page will be updated with these as soon as possible too.

 Risk_Info_to_Lenders20080707.zip   7.56K   185 downloads