stevio
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Post by stevio on Jan 4, 2017 14:23:42 GMT
With the dizzying amount loans and loan parts one can accumulate with this platform, just wondering how people are keeping on top of all the transactions (I am at 2250 transactions!)? Generally I look for approximately a 1% increase in balance at the first of the month due to interest and spot checking one of the interest payments, but not checking all Renewals I spot check Would there be any summary data worth asking collateral to include in their website to help with tracking? eg interest to date, tax year, amount renewed, repaid etc etc? |
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elliotn
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Post by elliotn on Feb 25, 2017 11:38:34 GMT
I don't recalc any interest but I do track loans by borrower and type. What I find strange is how under an apparently jewellery borrower an auto suddenly pops up & vice verca. collateral Collateral Rep do you check loan to borrower assignations or is it just one time at ascription? Are any borrowers related parties to other borrowers or Collateral? Thanks. |
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duck
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Post by duck on Feb 25, 2017 18:54:09 GMT
Like all platforms I've set up a spreadsheet that takes all the information from the downloaded info and then compacts it into useful data. There is extensive use of 'SEARCH' .... For me I track loans, connected borrowers, interest, cash remaining (just as a check) doesn't take much time to set up but saves you hours in the long run. try Bondora (only joking  ) I've got just over 24,000 transactions each with a Euro/Pound conversion and that is just for this tax year. Since Bondora cannot be expected to produce the information that I need for tax I send my accountants my spreadsheet each year something they must really look forwards to  |
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elliotn
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Post by elliotn on Feb 26, 2017 1:19:31 GMT
No way to trace connected borrowers on Coll, they're just an ID number in the anonymous black box.
Edit - some property should be possible, may be even a rare pawn item?
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duck
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Post by duck on Feb 26, 2017 6:13:29 GMT
No way to trace connected borrowers on Coll, they're just an ID number in the anonymous black box. I used the wrong term there, I track the borrower IDs, for example for ID 18 I currently have 15 separate loans which represents 14.8% of my total investment in CO.
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elliotn
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Post by elliotn on Feb 26, 2017 7:53:28 GMT
No way to trace connected borrowers on Coll, they're just an ID number in the anonymous black box. I used the wrong term there, I track the borrower IDs, for example for ID 18 I currently have 15 separate loans which represents 14.8% of my total investment in CO. Ah, a biggie for me too, have no idea what a custom horsebox is doing with the jewellery (intuitively might sit better with other bespoke vehicles like motorhome or catering trailer?) and have asked for corroboration of current ID allocations. My biggest is 24 for group cars at 12%, perhaps not best ltv's but am building position ahead of RS exit funds  .
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dawn
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Post by dawn on Feb 26, 2017 9:57:07 GMT
I used the wrong term there, I track the borrower IDs, for example for ID 18 I currently have 15 separate loans which represents 14.8% of my total investment in CO. Ah, a biggie for me too, have no idea what a custom horsebox is doing with the jewellery (intuitively might sit better with other bespoke vehicles like motorhome or catering trailer?) and have asked for corroboration of current ID allocations. My biggest is 24 for group cars at 12%, perhaps not best ltv's but am building position ahead of RS exit funds . I have no problem with a custom horsebox being with jewellery for this borrower. Each borrower will have a range of different assets that they are able to use as security for a loan - it is unlikely that all their assets will fall neatly into one type of asset except where they are a company dealing just with that asset, eg a jewellery company looking for a stocking loan. I use my own code on my spreadsheet to group like assets together and there I have put the custom horsebox under vehicle alongside vehicles from several other borrowers. The current ID allocations by Collateral are for the borrower, they don't give a classification for the type of asset so far.
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elliotn
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Post by elliotn on Feb 26, 2017 11:16:31 GMT
Correct, I analyse by borrower and asset type. For me it's noteworthy when someone who is clearly a car dealer or a property introducer pops up with one piece of jewellery; it may at least indicate a need for cash which may influence my exposure. I'm happy for collateral to validate this.
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dawn
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Post by dawn on Feb 26, 2017 12:30:50 GMT
Correct, I analyse by borrower and asset type. For me it's noteworthy when someone who is clearly a car dealer or a property introducer pops up with one piece of jewellery; it may at least indicate a need for cash which may influence my exposure. I'm happy for collateral to validate this. That is a good point - anyone needing to 'hock all the family silver' is probably worthy of closer analysis/watching....
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) I've got just over 24,000 transactions each with a Euro/Pound conversion and that is just for this tax year. Since Bondora cannot be expected to produce the information that I need for tax I send my accountants my spreadsheet each year something they must really look forwards to 
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