JamesFrance
Member of DD Central
Port Grimaud 1974
Posts: 1,317
Likes: 893
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Post by JamesFrance on Mar 9, 2017 8:30:29 GMT
Twino seem to be issuing loans but who to? In the last week I have been allocated only 1 loan at a mere 11%.
In less than 1 month I have had to withdraw over 5000€ to invest elsewhere. That money has earned nothing for nearly a week, because it can be 3 days before it appears in my French bank account too late for a same day transfer and if that is a Friday the French bank will not action a transfer until the following Monday. UK banks are now much more efficient with almost instant payments and credits.
This has become a major annoyance for me and means a loss of trust in the platform. Fortunately there are other alternatives but I do hope it will not be necessary to keep moving to newer businesses as older ones become unusable.
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Post by karloshi on Mar 9, 2017 9:20:54 GMT
Yes their ability to move money quickly is poor. I have also started to move money out. Never any new loans with buyback and slow withdrawal times compared to other platforms.
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Post by nesako on Mar 9, 2017 10:36:59 GMT
If you want to be fully invested with Twino, it requires almost daily admin to do this manually, since Auto invest does not always kick-in while there are loans. For the matter of interest, if you are withdrawing away, where are you moving your money to?
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Post by wiseclerk on Mar 9, 2017 10:43:02 GMT
I am currently upping my positions at FF, LE and LF. Also dealflow at IN has improved recently.
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Post by gmaxkenny on Mar 9, 2017 10:50:46 GMT
Not only are they slow to process a withdrawal but you cannot make a second one until the first one has cleared. For the past month I am withdrawing my money as it becomes available as I have no interest at lending at 10%. Moving my money to Omaraha Robocash and Grupeer. Small amounts to the last two as they are still on my probation list.
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JamesFrance
Member of DD Central
Port Grimaud 1974
Posts: 1,317
Likes: 893
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Post by JamesFrance on Mar 9, 2017 11:19:20 GMT
If you want to be fully invested with Twino, it requires almost daily admin to do this manually, since Auto invest does not always kick-in while there are loans. For the matter of interest, if you are withdrawing away, where are you moving your money to? Mainly Swaper at the moment but some trials of other new ones also. I already have enough at Mintos.
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m203
Member of DD Central
Posts: 54
Likes: 6
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Post by m203 on Mar 13, 2017 20:53:49 GMT
I am currently upping my positions at FF, LE and LF. Also dealflow at IN has improved recently. FF is fellow finance I guess but what is LE, LF and IN? Thanks.
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Post by wiseclerk on Mar 13, 2017 21:26:24 GMT
Sry: Lendix, Linked Finance & Investly (see my blog if you want a signup bonus for the first)
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Post by clandestino52 on Mar 18, 2017 9:50:14 GMT
I had the same issue. I Thought it was a holiday in latvia because I receive the withraw email confirmation 2 days after and money on the third day which is too much time. The interest rate in Twino is about 11%. What are current interests on the other platforms you list with buyback guarantee ?
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Post by pogopatterson on Mar 18, 2017 12:01:14 GMT
I had few problems until a few weeks ago. In the past few weeks funds are left idle, failing to be picked up by auto invest and manual invest again fails to work. I had been a fan of Twino since last autumn. It has become very successful and recently attracted large volumes of investors, far more than the supply available. I have began to wind down my position. Remember the good times, thank you Twino.
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Post by solator on Mar 21, 2017 16:52:27 GMT
Hello I am new to Twino and before I funded my account I could not see any investment opportunities. Now I am in and there is no loan available. Or am I doing some error? I see that some people here complain that there are no loans, so what do you think, is it going to change?
Thank you! Solator
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Post by Deleted on Mar 21, 2017 17:02:26 GMT
Hello I am new to Twino and before I funded my account I could not see any investment opportunities. Now I am in and there is no loan available. Or am I doing some error? I see that some people here complain that there are no loans, so what do you think, is it going to change? Thank you! Solator Usually loans appear around 1AM UK time. At least that's when I got good pickings when I manually invested.
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Post by solator on Mar 21, 2017 17:07:03 GMT
So the Twino is working but only the loans are bought out quickly... That is not very attractive to have to wake up at midnight of our time :-). Hopefully there will be some loans for us who are not night owls. Thank you for your reply! Solator
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Post by nesako on Mar 21, 2017 17:18:58 GMT
There is one benefit - due to a massive demand any Buyback loan you have can be sold within seconds as you list it for sale
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Post by solator on Mar 21, 2017 18:44:06 GMT
OK and if I prefer to sleep :-), would the AutoInvest help? Is it safe or is it better to do all the investments manually? What do you prefer? Thanks again! Solator
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