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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.
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