64.7%Public lending data
Which hardship plans hold
of plans for lasting hardship went bad, against 31.8% for temporary shocks
- What was observed
- 4,433 hardship plans, granted either for a temporary shock such as a natural disaster or for lasting hardship.
- What a generic approach says
- Treat every hardship plan alike.
- What the engine read
- Plans for lasting hardship went bad 64.7% of the time, against 31.8% for temporary shocks, comparing borrowers in similar circumstances before the plan.
- What it meant for the decision
- The reason for a plan deserves its own treatment path. Whether a plan changes the outcome is a separate question, answered by a measured trial.