martind
New Member
Posts: 2 
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Post by martind on Feb 26, 2017 8:17:08 GMT
Two weeks ago Mintos listed 14% Mogo buyback loans. Yesterday or today all or majority of these loans were bought back without any reason specified. Does this happen often? What is the real reason? I don't like buying loans which are going to bought back in few days/weeks. It's wasting my time and in this case also wasting my money. Why don't they also buy back my 10% Mogo buyback loans. They are in my portfolio for year or so and no buyback yet  Only 14%.... |
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Post by buttchopf23 on Feb 26, 2017 11:29:57 GMT
I think you can answer the last question yourself  Why did they even issue 14ers? |
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Post by mopcku on Feb 26, 2017 11:40:21 GMT
Two weeks ago Mintos listed 14% Mogo buyback loans. Yesterday or today all or majority of these loans were bought back without any reason specified. Does this happen often? What is the real reason? I don't like buying loans which are going to bought back in few days/weeks. It's wasting my time and in this case also wasting my money. Why don't they also buy back my 10% Mogo buyback loans. They are in my portfolio for year or so and no buyback yet Only 14%.... Here i raised similar question
p2pindependentforum.com/thread/7856/buyback-rights-interest-rate-option
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Post by rahafoorum on Feb 27, 2017 15:28:44 GMT
Two weeks ago Mintos listed 14% Mogo buyback loans. Yesterday or today all or majority of these loans were bought back without any reason specified. Does this happen often? What is the real reason? I don't like buying loans which are going to bought back in few days/weeks. It's wasting my time and in this case also wasting my money. Why don't they also buy back my 10% Mogo buyback loans. They are in my portfolio for year or so and no buyback yet Only 14%.... Theoretically there's a reason available for the buyback in the dataset. Although, it'll probably be something like "restructuring" or whatever, so you'll never really know what happened. Twino did similar thing roughly a year ago when they lowered interest rates to 10%-12% and then suddenly bought back perfectly performing 14.9% interest rate loans for no apparent reason. It's quite possible that the same loans were later added back to market at 10-12% interest rates.
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martind
New Member
Posts: 2
Likes: 1
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Post by martind on Feb 27, 2017 21:48:35 GMT
Mintos customer support confirmed that Mogo bought back all recent 14 % buyback loans without any reason. Hopefully Mogo will not test its loans again in future.
Anyway, Mintos is still good:)
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Only 14%....
