This statistic shows the total bad debt over the lifetime of the loans, which is defined as a percentage of amount lent in a calendar year, not annualised, on the Funding Circle platform in the United Kingdom (UK) from 2010 to 2015. The actual lifetime bad debt rate peaked in 2011 at 5.3%.
Total bad debt over loans lifetime on Funding Circle peer-to-peer lending platform in the United Kingdom (UK) from 2010 to 2015
The source specified: "Data is correct as of 30 October 2015."
The source also adds the following information: "Total bad debt over the lifetime of the loans, as a percentage of amount lent in a calendar year. Please note this is not an annualised number."
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Funding Circle. (November 3, 2015). Total bad debt over loans lifetime on Funding Circle peer-to-peer lending platform in the United Kingdom (UK) from 2010 to 2015 [Graph]. In Statista. Retrieved May 17, 2022, from https://www.statista.com/statistics/480157/actual-lifetime-bad-debt-rate-funding-circle-united-kingdom-uk/
Funding Circle. "Total bad debt over loans lifetime on Funding Circle peer-to-peer lending platform in the United Kingdom (UK) from 2010 to 2015." Chart. November 3, 2015. Statista. Accessed May 17, 2022. https://www.statista.com/statistics/480157/actual-lifetime-bad-debt-rate-funding-circle-united-kingdom-uk/
Funding Circle. (2015). Total bad debt over loans lifetime on Funding Circle peer-to-peer lending platform in the United Kingdom (UK) from 2010 to 2015. Statista. Statista Inc.. Accessed: May 17, 2022. https://www.statista.com/statistics/480157/actual-lifetime-bad-debt-rate-funding-circle-united-kingdom-uk/
Funding Circle. "Total Bad Debt over Loans Lifetime on Funding Circle Peer-to-peer Lending Platform in The United Kingdom (Uk) from 2010 to 2015." Statista, Statista Inc., 3 Nov 2015, https://www.statista.com/statistics/480157/actual-lifetime-bad-debt-rate-funding-circle-united-kingdom-uk/
Funding Circle, Total bad debt over loans lifetime on Funding Circle peer-to-peer lending platform in the United Kingdom (UK) from 2010 to 2015 Statista, https://www.statista.com/statistics/480157/actual-lifetime-bad-debt-rate-funding-circle-united-kingdom-uk/ (last visited May 17, 2022)
