This pattern is correlated with GDP seasonality. It may be explained that GDP growth is related to debt expansion. Higher debt level results in higher GDP; but at the same time, consumers have harder time to pay their debts.
Wednesday, September 23, 2020
lendingclub delinquency rate seasonality effect
Lendingclub user delinquency rates has a clear seasonality effect:
This pattern is correlated with GDP seasonality. It may be explained that GDP growth is related to debt expansion. Higher debt level results in higher GDP; but at the same time, consumers have harder time to pay their debts.
This pattern is correlated with GDP seasonality. It may be explained that GDP growth is related to debt expansion. Higher debt level results in higher GDP; but at the same time, consumers have harder time to pay their debts.
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