|
Post by karloshi on Sept 14, 2016 6:47:32 GMT
No new loans with buyback for many days (or at least when i login in the morning). Looks like all the big hitters gobble everything up. Auto invest is no help, secondary market only with premium. I understand Mintos gives big hitters priority but this is getting to be a joke. I hope they can find some new loan originators or introduce some bid limits soon or I will have to move money out of Mintos.
|
|
|
Post by buttchopf23 on Sept 14, 2016 6:59:10 GMT
A lot of little people withdrawing their funds will hit mintos.... If they don't find new originators for short consumer loans, it will hard for them.
|
|
fric
Member of DD Central
Posts: 199
Likes: 79
|
Post by fric on Sept 14, 2016 9:54:59 GMT
Can anyone explain whats the hype about the "payday" (call them whatever) loans??? At first look they actually look quite poor/weak, besides one thing - liquidity.
|
|
p2pmaster
investment is life.
Posts: 128
Likes: 54
|
Post by p2pmaster on Sept 14, 2016 11:23:34 GMT
Payday loans are liquid, but I aim for higher quality loans, such as business loans, invoices, agricultural loans, mortgages. Sure, I have a small part of my portfolio at mintos dedicated to payday loans, but only for liquidity reasons.
|
|
vko
Posts: 19
Likes: 2
|
Post by vko on Sept 14, 2016 15:31:41 GMT
Yes, their auto invest is so heavily skewed towards big players. I haven't had a short term (<13mo) invest for a reasonable interest for almost 2 weeks now and I now have about 7% of my total investment at Mintos just laying around. If tomorrows payments come on time, it'll be about 13%. I'm not going to take those 10% loans from Lendo in this situation (or never), so if Mintos wants to give all the loans with more reasonable interest to the big players, they are of course welcome to do so. But that also means they don't wan't my money, so I have to move them elsewhere. Just to give a ballpark guesstimate: looking at the email summaries, after my last investment there has been total of over 900000€ of loans from Creditstar and Creamfinance that have a somewhat reasonable interest. A quick browse through the loan book show that at least 80% of those match to my auto invest. That's at least 720000€ that I haven't got even one 10€ loan from.
Oh well, good thing I tested first with a small amount (low four figure), I'm not going to move one cent more if they don't change their algorithms to give at least something to us that don't have >50000€ to invest to Mintos.
|
|
JamesFrance
Member of DD Central
Port Grimaud 1974
Posts: 1,317
Likes: 893
|
Post by JamesFrance on Sept 14, 2016 16:13:16 GMT
It seems that the only attractive loans available now to private investors are Mogo car loans and I have a lot of those already. Sad to see this as the rates on all the other platforms I invest with are not going down.
|
|
|
Post by dagoatla on Sept 14, 2016 19:34:25 GMT
When Twino tried lowering the rates to 10%, after the presumed drop in investment, they were not too long raising it to 12%. Judging by the amount of 10% lendo loans on the market tonight (850) hopefully they have the same problem. I Myself have moved a few thousand out and will continue to do, as the rate keeps dropping to these levels.
|
|
|
Post by karloshi on Sept 15, 2016 8:04:18 GMT
When Twino tried lowering the rates to 10%, after the presumed drop in investment, they were not too long raising it to 12%. Judging by the amount of 10% lendo loans on the market tonight (850) hopefully they have the same problem. I Myself have moved a few thousand out and will continue to do, as the rate keeps dropping to these levels. Yes perhaps Mintos are just testing us out to see our tolerance level. Personally I don't mind taking 10% rates but i like the buybacks for an extra security and they are decreasing in number. I did see a bunch of Georgian loans up today that hadn't gone. Maybe it was just a famine period.
|
|
vko
Posts: 19
Likes: 2
|
Post by vko on Sept 15, 2016 16:14:21 GMT
While 10% might not be too bad, there is still the problem that Mintos wants to give the more lucrative (currently 11.5-12% with buyback) loans to the big money investors, and leave those 10% loans that they don't want, to us who have only a small investment. And that's just not the way to treat customers.
If I would get some better loans, I probably could invest something to the 10% loans also. If Mintos continues treating us like they do now, I wont touch those loans at all, and have to start withdrawing my money to invest somewhere else.
|
|
m203
Member of DD Central
Posts: 54
Likes: 6
|
Post by m203 on Sept 20, 2016 10:01:13 GMT
My autoinvest is not picking up any new loans. Getting more interested in starting moving to another platform. Any suggestions?
|
|
|
Post by bkracan on Sept 21, 2016 5:55:51 GMT
Twino. A lot of buyback loans with 13% interests. Auto invest is working fine with me. Also a lot of loans from 6 - 12 months.
|
|
|
Post by bkracan on Sept 21, 2016 5:56:44 GMT
I would also like to try viventor. Any experiance anybody?
|
|
|
Post by extremis on Sept 21, 2016 10:16:47 GMT
Anyone here that managed to get a 12% personal loan with buyback guarantee (Creditstar or Aventus) recently? If so, what is the total amount of funds invested with Mintos?
|
|
|
Post by buttchopf23 on Sept 21, 2016 10:31:38 GMT
I would also like to try viventor. Any experiance anybody? check out the viventor Forum
my experience so far is good
|
|
|
Post by thep2pinvestor on Sept 21, 2016 21:23:52 GMT
Anyone here that managed to get a 12% personal loan with buyback guarantee (Creditstar or Aventus) recently? If so, what is the total amount of funds invested with Mintos? I have 16'000 with Mintos. I get nothing in the Autoinvest. Only manual investments (mainly invoice financing now and Mogo without buyback guarantee). I can see my return melt away day by day.
|
|