0risk
Member of DD Central
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Post by 0risk on Oct 26, 2018 10:50:39 GMT
I've been seeing a lot of Capital Service loans entering the secondary market without any premium. Their interest rate is 12% and they have buyback guarantee, so it seems like a good deal. Anyone knows why? I sold about 30 loans yesterday for diversification reasons. Capital Service is C+, and I had too many of them.
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0risk
Member of DD Central
Posts: 217
Likes: 202
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Post by 0risk on Oct 26, 2018 17:17:21 GMT
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Post by explorep2p on Nov 12, 2018 21:30:50 GMT
Well today was a special day. Mintos launched two new lenders. One, Cashwagon, decided to launch in 5 different Asian countries within the space of a year (what could go wrong)? Mintos has rated Cashwagon 'C-' which is as low as it gets before D, which is Eurocent (defaulted). The other lender, Tengo.kz is a startup lender from Kazakhstan with a young CEO with almost no financial services experience, who decided that he didn't want to provide a balance sheet to Mintos investors. What's not to like? Which gets the lowest score? Find out here: Latest Mintos ratings
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andy2001
Member of DD Central
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Post by andy2001 on Dec 17, 2018 7:42:33 GMT
Well today was a special day. Mintos launched two new lenders. One, Cashwagon, decided to launch in 5 different Asian countries within the space of a year (what could go wrong)? Mintos has rated Cashwagon 'C-' which is as low as it gets before D, which is Eurocent (defaulted). The other lender, Tengo.kz is a startup lender from Kazakhstan with a young CEO with almost no financial services experience, who decided that he didn't want to provide a balance sheet to Mintos investors. What's not to like? Which gets the lowest score? Find out here: Latest Mintos ratingsIt's a C+ not C-. But C+ is as low as any current lender on Mintos other than Eurocent.
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Post by spaaps on Dec 22, 2018 12:37:57 GMT
How about this Mintos lender Peachy? Too good to be true???
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Post by jonpiu on Dec 28, 2018 11:19:45 GMT
Massive dump of Capital Service loans on the secondary market today. I'm counting 8 pages of 300 loans.
Investors are really scared with Capital Service, it seems.
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stevio
Member of DD Central
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Post by stevio on Dec 28, 2018 11:33:03 GMT
Massive dump of Capital Service loans on the secondary market today. I'm counting 8 pages of 300 loans. Investors are really scared with Capital Service, it seems. Is there a reason for being scared Capital Service? Have I missed something?
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Post by jonpiu on Dec 31, 2018 9:13:59 GMT
Well, the Mintos rating system gave them C+, so I guess there's that.
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Post by Sterling @ p2p-millionaire.com on Jan 17, 2019 14:06:58 GMT
How about this Mintos lender Peachy? Too good to be true??? Doesn't look very good to me. Unprofitable, negative equity, plenty of economic headwinds in UK and a less-than-welcoming legislation for payday lenders (see what happened to Wonga). I am steering clear.
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firefoxii
P2P Blogger
My journey to financial freedom on firefoxii.com
Posts: 2
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Post by firefoxii on Apr 2, 2019 19:58:27 GMT
Thanks for a good Job!
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Post by explorep2p on Apr 3, 2019 9:19:52 GMT
We have just updated the ratings as several companies have released their 2018 results. Credit Star, iute credit and Vizia / Banknote had strong results leading to upgrades. Our score for Mogo continues to fall as their balance sheet has become more stretched and bad debts increase, leading to a 70% fall in profits in 2018. Mintos lender ratings
A lot more results should become available in the next 2-3 months and we will update the page as they become available.
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lbh
New Member
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Post by lbh on Apr 13, 2019 17:47:05 GMT
We have just updated the ratings as several companies have released their 2018 results. Credit Star, iute credit and Vizia / Banknote had strong results leading to upgrades. Our score for Mogo continues to fall as their balance sheet has become more stretched and bad debts increase, leading to a 70% fall in profits in 2018. Mintos lender ratings
A lot more results should become available in the next 2-3 months and we will update the page as they become available. Thank you very much! Your ratings are much appreciated. Looking forward to the coming updates as more companies publish their results
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Post by geldregiertdiewelt on Jun 12, 2019 9:01:44 GMT
Interesting: In the blog Mintos today announces a new originator "Lendrock" from Spain, but when checking I rather find a new originator "Dziesiatka Finanse" from Poland! Neither is paying interest on delayed loans, so not good Lendrock offers 10% without buyback. That won't work out very well.
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Post by geldregiertdiewelt on Jun 23, 2019 13:42:09 GMT
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Post by southseacompany on Jun 23, 2019 15:53:11 GMT
Thanks for the pointer. Alas, I don't think this approach can be applied to the typical short-term lender. Let's take Tengo.kz as an example. If you go to their site, you'll find that the maximum loan is 100,000 KZT for new customers and 250,000 KZT for returning ones. The existence of these two hard ceilings means they are likely vastly overrepresented in the distribution of loan amounts. Interest rate is the same for all customers, so the only two factors affecting interest payments are size of loan (massively clustered) and loan term (which defaults to 20 and has a maximum of 30, meaning its distribution probably also has two peaks). Since the generating function is so far from a random process, there is no reasonable expectation that the numbers should conform to Benford's law. You see peaks in the distribution, just as you should expect.
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