April 2024

Monthly Market Snapshot

In April 2024, Cascade clients observed a modest increase in loan volume, while outstanding balances saw a slight decline. Delinquency metrics were mixed, with Par 30 and Par 90 improving but Par 60 worsening. The collection rate experienced a significant drop, indicating challenges in recovering overdue payments and the need for enhanced collection strategies. Loan terms continued to lengthen slightly, and interest rates saw a minor increase. Overall, while there are positive aspects in loan volume and some delinquency metrics, proactive measures are necessary to address the declining collection rate and manage the implications of longer loan terms.

A full breakdown of the calculations for these metrics is available here.

IndicatorApril MoM
Volume4.01%
Outstanding Balance-1.40%
Par 30-0.69%
Par 601.04%
Par 90-0.09%
Collection Rate-7.94%
Term1.62%
Interest0.53%