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Good time to be a lender
Following on from the previous post on the January rush, now is a good time to be a lender. P2P Money would strongly encourage lenders to add a few pounds to RateSetter as rates have been rising to levels not seen since the summer. RateSetter is the only major peer-lender with a provision fund which protects lenders from modest levels of bad debt. You can see the effect of this by tweaking the bad debt multiplication factor on the comparison of lending rates and the net rate doesn't change until bad debt rises significantly. Bad debt on RateSetter is 0.19% as of today and is well below their prediction of <1.4%.