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According to a recent report from the data provider dv01, impaired marketplace loans — those that have fallen behind on payments or accepted payment forbearance — are 9.7 percent of the total, up from about 6 percent before the crisis began. That is down from a peak of 16 percent in April, and the impairment rate has continued to decline through the early weeks of August.
“We’ve been struck by the improvements [in impairment rates] recently among every portion of the marketplace universe — high income, low income, high FICO [credit] score, low FICO,” said Vadim Verkhoglyad, lead analyst at dv01. “What this tells us is that they really value their online loans, even though they are not originated through a bank.”
https://www.ft.com/content/a6366423-0633-4686-90a1-1437d77558a4
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