Lates By Payment
If a loan goes late, when does it typically happen? If a loan has gone for 12 months without being late, could you consider it to be "safe" at that point? The chart and table below show roughly how the risk of a loan going late changes as that loan ages. The chart works by looking at all loans that first went late in a given payment cycle and comparing that to the total number of loans that are currently late.
In order to get an accurate picture of things, we have to look only at loans that have completed their full 36 month payment cycle, so only completed loans are included here.

Payment Cycle Went Late
This Cycle		 Total Lates % This Cycle Cumulative %
1 242 2939 8% 8%
2 249 2939 8% 17%
3 235 2939 8% 25%
4 213 2939 7% 32%
5 173 2939 6% 38%
6 153 2939 5% 43%
7 139 2939 5% 48%
8 137 2939 5% 52%
9 123 2939 4% 57%
10 112 2939 4% 60%
11 110 2939 4% 64%
12 110 2939 4% 68%
13 71 2939 2% 70%
14 70 2939 2% 73%
15 75 2939 3% 75%
16 43 2939 1% 77%
17 56 2939 2% 79%
18 69 2939 2% 81%
19 54 2939 2% 83%
20 44 2939 1% 84%
21 42 2939 1% 86%
22 52 2939 2% 88%
23 47 2939 2% 89%
24 35 2939 1% 90%
25 38 2939 1% 92%
26 33 2939 1% 93%
27 22 2939 1% 93%
28 25 2939 1% 94%
29 26 2939 1% 95%
31 30 2939 1% 96%
32 19 2939 1% 97%
33 24 2939 1% 98%
34 15 2939 1% 98%
35 14 2939 0% 99%
36 11 2939 0% 99%