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 %
1 361 5315 7% 7%
2 425 5315 8% 15%
3 412 5315 8% 23%
4 353 5315 7% 29%
5 326 5315 6% 35%
6 264 5315 5% 40%
7 260 5315 5% 45%
8 250 5315 5% 50%
9 227 5315 4% 54%
10 186 5315 3% 58%
11 182 5315 3% 61%
12 185 5315 3% 65%
13 156 5315 3% 67%
14 134 5315 3% 70%
15 144 5315 3% 73%
16 116 5315 2% 75%
17 133 5315 3% 77%
18 125 5315 2% 80%
19 119 5315 2% 82%
20 94 5315 2% 84%
21 93 5315 2% 86%
22 92 5315 2% 87%
23 89 5315 2% 89%
24 74 5315 1% 90%
25 68 5315 1% 92%
26 55 5315 1% 93%
27 56 5315 1% 94%
28 49 5315 1% 95%
29 50 5315 1% 96%
31 47 5315 1% 96%
32 35 5315 1% 97%
33 34 5315 1% 98%
34 23 5315 0% 98%
35 15 5315 0% 98%
36 12 5315 0% 99%