Author Topic: wave of grace notes  (Read 7728 times)

howler99

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Re: wave of grace notes
« Reply #15 on: May 24, 2014, 06:36:06 PM »
Latest update from IR, 7 chargeoffs, 2 IGPs - I've only had 1 month with more than 7 chargeoffs. Now I have 7 in 1 IR alert.

New Jersey Guy

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Re: wave of grace notes
« Reply #16 on: May 25, 2014, 12:12:14 AM »
My bleeding has seemed to slow down a bit.
For the month:

8 BK's (which will eventually default)
3 Defaults.

I probably have 2 dozen notes that I had to dump for $2 or less, because they went over 60 days late.  Like I said, it just seems like people have quit paying over the past couple of months.
Return over deposits:   66.82%
IRR:   86.54%
As of April 30, 2014

mikedave

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Re: wave of grace notes
« Reply #17 on: May 25, 2014, 07:51:44 PM »
These things do seem to come in waves.  If you have ever worked in retail you've see the same effect. Nothing... nothing ... nothing... 20 customers all at once.  I'm sure there are some deep statistical theory to explain it.  I try not to read too much into the bad patches, or the good ones either for that matter, but human nature looks for patterns where there aren't necessarily any.