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Defaults, bad debt, debt sale

Download Zopa default rate figures

May 29, 2007May 30, 2007 wiseclerk

British Zopa.com just published a spreadsheet with Zopa default rate figures. The weighted average of overall defaults is a tiny 0.1% ! Even more interesting all defaulted cases happened in 2005 or the first half of 2006.

Another interesting read is this case study on Zopa (published late 2006).

Prosper CTO John Witchel on the debt sale process

May 21, 2007May 30, 2007 wiseclerk

In his blog, John Witchel, CTO of Prosper.com, describes the current situation regarding the sale of defaulted loans. This offers an insight look at the problems and the future plannings. Check the comments, too.

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