Statistics

At Lending Works we love data, so we've provided some interesting facts and figures about our customers and loans for you to dig through.

In order to assess our track record we've provided a range of statistics below related to risk and return.
Risk and return statistics are based on Lending Works loans funded by consumer lenders only.

Figures last updated on 09 June 2017

 

Total value of Shield
£609,000*
Balance of loans covered by Shield
£28,719,000
Bad debt rate coverage
2.12%

* The total value of the Shield comprises amounts held in cash of £400,000 and contractual future income of £209,000. Please note that the total value of the Shield and bad debt rate coverage relate only to the reserve fund. This does not include expected insurance claims or recoveries from loans on long term payment arrangements, both of which will reduce the extent of claims on the reserve fund.

 2014201520162017Total

 

Actual arrears rate0.0%0.5%0.8%0.1%0.4%

Outstanding balance of loans with one or more payments more than 45 days overdue, as a proportion of total amount lent in the year of origination

     

 

Actual lifetime bad debt rate (to date)1.0%2.0%1.2%0.0%1.0%

Actual lifetime bad debt (defaults less recoveries), as a proportion of total amount lent in the year of origination (not annualised) 

     

 

Estimated lifetime bad debt rate (at origination)1.5%2.7%2.8%2.5%2.5%

Original expectation (at loan origination) of lifetime bad debt (defaults less recoveries), as a proportion of total amount lent in the year of origination (not annualised)

     

 

Forecast lifetime bad debt rate (projection)0.9%2.4%3.0%2.6%N/A

Forecast (actual to date plus latest projected remaining) lifetime bad debt (defaults less recoveries), as a proportion of total amount lent in the year of origination (not annualised)

     
 2014201520162017Total

 

Total blended annual return to date of loans in origination year (after fees and bad debts)4.5%5.2%5.1%4.3%4.8%
- 3 year annual return to date of loans in origination year4.3%4.6%4.2%3.7%4.2%
- 5 year annual return to date of loans in origination year5.5%5.7% 5.7%4.5%5.2%

 

Estimated blended annual return at origination (after fees and bad debts)4.5%5.2%5.1%4.3%4.8%

 

Cohort maturity92.2%61.0%30.0%4.0%35.8%

Proportion of each loan cohort which has been repaid or otherwise determined (principal repaid plus bad debts, as a proportion of total amount lent in the year of origination)

 

Shield utilisation (actual)50.1%75.4%33.5%1.4%34.2%

Total payments covered by the Shield, minus recoveries, as a proportion of total loan contributions to the Shield in respect of loans issued in each origination year

 
 
 

Default expectations are based on actual loss rates for each loan risk category, calculated based on 12-month cohorts of loans which were issued at least 18 months ago. Projected loss rates take into account the most recent data on the performance of each cohort. We represent the performance of each annual cohort graphically only when at least 6 months of actual performance has been evidenced (starting at the end of each annual period). Therefore, the 2016 performance will be shown graphically from July 2017.

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