stts
New Member
Posts: 1 
|
Post by stts on Aug 24, 2015 17:52:13 GMT
Does anybody have experience in investing through Lithuanian P2P lender Savy - www.savy.lt ? |
|
|
|
Post by webbski9 on Aug 25, 2015 7:20:57 GMT
Having a look,the business model looks slightly different.
|
|
|
|
Post by webbski9 on Aug 26, 2015 10:05:16 GMT
Sadly can't use Transferwise to move money to/from them.Looks like a pay day lender inter dealer broker.
If it all goes Pete Tong lenders are left chasing loans .......................
|
|
|
|
Post by webbski9 on Aug 31, 2015 13:37:47 GMT
Its effectively owned by New Chartered Ltd and another.NC is 100% owned by Vicentas Zabulis ,a well connected and busy chap.Fingers in many pies.
|
|
|
|
Post by savy on Nov 30, 2015 13:34:05 GMT
Sadly can't use Transferwise to move money to/from them.Looks like a pay day lender inter dealer broker. If it all goes Pete Tong lenders are left chasing loans ....................... Hello, We Sign up for this forum to answer your questions: We use PaySera for money transfers in SAVY. It is good alternative for Transferwise. You can test it.
|
|
|
|
Post by 4thway on Nov 30, 2015 16:23:20 GMT
Sadly can't use Transferwise to move money to/from them.Looks like a pay day lender inter dealer broker. If it all goes Pete Tong lenders are left chasing loans ....................... Hello, We Sign up for this forum to answer your questions: We use PaySera for money transfers in SAVY. It is good alternative for Transferwise. You can test it. Thanks savy. I just looked at the current rates/fees for GBP/EUR. Based on that quick assessment, PaySera doesn't look as cheap as Transferwise or Currency Fair but it looks a fair bit cheaper than online brokers and, therefore, it'll be far cheaper than banks. £1,000 to euros on Currency Fair/Transferwise currently approx €1,415. PaySera approx. €1,405. Cost-free exchange would be about €1,422.
|
|
p2pmaster
investment is life.
Posts: 128
Likes: 54
|
Post by p2pmaster on Nov 30, 2015 18:39:22 GMT
I have tried SAVY and after a year of experience, I am rather disappointed with the service. I would not recommend SAVY as the platform due to the following reasons: 1) hard to use and buggy platform 2) lack of proper debt recovery, no real actions to recover hard overdues 3) misleading statistics page (disclosing only 1/12 of overdue amount; any reasons why?) 4) complicated Paysera registration and taxation.
|
|
|
|
Post by savy on Dec 2, 2015 11:59:23 GMT
We value your opinion, and your feedback. We are developing our platform all the time and trying to increase customer experience there. All information about debt recovery process you can find on our website. Important to notice that currently loans default rate is only 0.66% on SAVY. Statistics: We update our statistics page every month, and provide all available data. We do not clearly understand about which misleading statistics you are talking? PaySera allows SAVY to have a different business model than other P2P lending companies. SAVY do not collect lenders money. Lenders transfer their money directly to borrowers from their own PaySera bank accounts. For this reason loans agreements are made between Lenders and Borrowers. It helps for lenders to be secured, since agreements would be valid even the platform would suspend their activities. Usually lenders do not have problems with PaySera, if it happens we are always ready to help.
|
|
|
|
Post by savy on Dec 10, 2015 9:50:16 GMT
|
|
|
|
Post by question on Jan 30, 2016 11:34:57 GMT
How do you move money from Savy back to Paysera on Savy webpage?
|
|
|
|
Post by bandit55555 on Jan 30, 2016 15:50:50 GMT
How do you move money from Savy back to Paysera on Savy webpage? Hi question, you dont have to move money from Savy to Paysera. You get your monthly payments from borrowers directly into your Paysera Account. So if you have money available at Savy, the money is already on your Paysera Account.
|
|
|
|
Post by hicham on Apr 19, 2016 21:50:41 GMT
I have been investing in SAVY for 5 months now and the results were really surprising. No late loans (for now, and hopefully for ever) and very good returns, my average APR interest is about 30 percent and I invest 10 or 15 euro in every loan. I didnot know how to autoinvest at the start, but the helpdesk helped me and it's working ok now.
Happy with the results now and looking to invest also in the future. As I see it it is very good to invest in new baltic market because the returns are much higher than in France (UK too ofcourse).
|
|
Liz
Member of DD Central
Posts: 2,426
Likes: 1,297
|
Post by Liz on Apr 19, 2016 22:08:43 GMT
I've just been on savvy.co.uk(via Google), couldn't find any p2,p reference, looks like an unrelated site.
|
|
|
|
Post by mrclondon on Apr 19, 2016 22:50:52 GMT
I've just been on savvy.co.uk(via Google), couldn't find any p2,p reference, looks like an unrelated site. Its one v not 2, its Lithuanian not UK, and you need a bit more to translate it into English : savy.lt/?lang=EN
They've also registered a .com domain that redirects to there www.gosavy.com
|
|
p2pmaster
investment is life.
Posts: 128
Likes: 54
|
Post by p2pmaster on Apr 20, 2016 14:55:14 GMT
I have been investing in SAVY for 5 months now and the results were really surprising. No late loans (for now, and hopefully for ever) and very good returns, my average APR interest is about 30 percent and I invest 10 or 15 euro in every loan. I didnot know how to autoinvest at the start, but the helpdesk helped me and it's working ok now. Happy with the results now and looking to invest also in the future. As I see it it is very good to invest in new baltic market because the returns are much higher than in France (UK too ofcourse). You must be really lucky! I have been with Savy since launch, invested in 106 loans, of which 17 are over 15-40 days late, 8 defaulted. Important to note that their statistics page is not displayed according to the industry standards and underestimate overdue/default rates.
|
|
