Loan Performance by Day in 2020
The loan performance charts take a sample of loans reported and present the performance by day across the individual categories and bad rate.
This graph shows the volumes for each loan category that are reported to Microbilt’s database. You can see the proportions of the different categories in comparison with each other. This data is presented for each day so you can see the trends over time. The most recent two weeks have a much higher rate of Open loans since these are new loans and it takes at least two weeks or more for a consumer to repay a loan. Once they have had time to repay they will usually be reported into one of the other categories.
Random Sample of 25,000 Loans
Data Sources: MicroBilt & Publicly available data