Lending Works has boosted allowances to cover future possible bad debts from £3 million to £5.5 million, by budgeting for more borrower interest to be paid into the Lending Works Shield. While that means much greater coverage that will better match expected bad debts, it comes with a radical change to how the Shield works…. Read more
Lending Works
Lending Works Shield: How The Reserve Fund Has Radically Changed
Is Lending Works Still A Good Investment?
Lending Works has adjusted its forecasts of lender returns and bad debts for new loans. It’s increased the amount of borrower payments that now cover bad debts, with lending rates remaining attractive in its highest-paying account. All this has taken place after hiring a new Head of Risk. But what evidence exists to show that… Read more
More On Lending Works’ Lower Interest Rates
There’s a lot to update you on with Lending Works again, which has been split between several of us to write up. In this article, I’m tackling the nitty-gritty around the reductions to lending interest rates on loans issued in 2019 or earlier. To see the main article that links all our articles together –… Read more