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 %
1 667 10707 6% 6%
2 693 10707 6% 13%
3 703 10707 7% 19%
4 656 10707 6% 25%
5 657 10707 6% 32%
6 564 10707 5% 37%
7 527 10707 5% 42%
8 517 10707 5% 47%
9 504 10707 5% 51%
10 448 10707 4% 55%
11 388 10707 4% 59%
12 408 10707 4% 63%
13 360 10707 3% 66%
14 330 10707 3% 69%
15 300 10707 3% 72%
16 268 10707 3% 75%
17 270 10707 3% 77%
18 245 10707 2% 79%
19 209 10707 2% 81%
20 187 10707 2% 83%
21 182 10707 2% 85%
22 181 10707 2% 87%
23 165 10707 2% 88%
24 145 10707 1% 89%
25 141 10707 1% 91%
26 136 10707 1% 92%
27 115 10707 1% 93%
28 117 10707 1% 94%
29 92 10707 1% 95%
31 94 10707 1% 96%
32 71 10707 1% 97%
33 76 10707 1% 97%
34 50 10707 0% 98%
35 51 10707 0% 98%
36 38 10707 0% 99%