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Post by thep2pinvestor on Oct 19, 2019 16:03:56 GMT
Hi guys,
i have some money left in my property moose account. When i try to withdraw, they say that validation of my account is pending. Since roughly 18 months now. I wrote to the support like 2 weeks ago but my email was never opened.
Are they dead ? Shall i forget my money and write it off ?
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Post by thep2pinvestor on Oct 19, 2019 16:03:08 GMT
Hi guys,
i have some money left in my property moose account. When i try to withdraw, they say that validation of my account is pending. Since roughly 18 months now. I wrote to the support like 2 weeks ago but my email was never opened.
Are they dead ? Shall i forget my money and write it off ?
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Post by thep2pinvestor on Feb 27, 2018 3:30:12 GMT
The Viainvest website seems to be down. I have just a white page with nothing on it. Not even a message saying that it is under repair.
This is the second within 6 weeks. It makes me a bit scary.
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Post by thep2pinvestor on Nov 18, 2017 15:10:30 GMT
Hi Estatate Guru, have you envisaged to reduce the amount for Autoinvest ?
I have invested 14 K with you but 500 Min is definitely to high for the Autoinvest. At 250 Eur I would go for it.
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Post by thep2pinvestor on Nov 18, 2017 14:48:37 GMT
After 9 months at Lendix I have now accumulated 100 loans. All paying. But it is really a lengthy process to build a diversified portfolio with 3-4 loans per week. If a loan comes to the platform, very often, you have to react within 10 minutes to subscribe. But it's a nice platform; I like it.
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Post by thep2pinvestor on Nov 18, 2017 14:40:33 GMT
In my country (Lux), the tax authorities want to know the name of the debtor on the tax certificate. So, it cannot work for P2P Lending. It can only work if you make really big loans. But not for 5'000 loans of 10 Eur. Or loans of 90 cts, like on Bondora....
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Post by thep2pinvestor on Sept 13, 2017 19:15:57 GMT
Mintos, Twino etc i wonder if they report. Many countries involved, different tax rates etc Would be much simpler for me if they do not report and I use my own calculations. They would'nt have to care about the tax rates. They would just report the income.
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Post by thep2pinvestor on Sept 13, 2017 2:26:13 GMT
I think only banks, insurance companies and investment firms (in the sense of EU directives) have to comply with CRS. Not P2P lending platforms.
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Post by thep2pinvestor on Sept 13, 2017 2:22:28 GMT
I have reduced my exposure @ Viainvest by almost 3/4 because money was hanging around all the time. I'm not taking polish loans. After the Eurocent event on Mintos I consider BB Guarantees like junk bond investments (what they were also before, but i made a false appreciation of risk). I think Euribor + 1200 bps is an appropriate yield for this asset class. As I do not get that anymore i am shifting to other investments.
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Post by thep2pinvestor on Jul 30, 2017 4:25:07 GMT
p2pmaster : Did I read it correctly that while Eurocent has not declared bankruptcy, the investors keep getting only the interest rate used with buyback guarantee? However, the buyback guarantee is not working today? In other words if the actual interest rate is 80% and you get 10%, then that 70% part is in Eurocent's balance and assets in bankruptcy if things go south? I think you are right. The investors seem to continue to collect the BB interest rate level (10 -11 %) while the difference with the real interest rate paid by the borrower (80-100 %) is accumulated in the books of Eurocent. This would mean that we are joining the mass of all other creditors with respect to 'our' interest rate differential collection. My lesson learned is : i stopped all investments in loans with BB guarantee (on all platforms).
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Post by thep2pinvestor on Jul 26, 2017 3:04:11 GMT
I have now 3 Eurocent loans overdue for more than 60 days. Clearly the BB guarantee is void, which seems normal in this case. However, the interest rate still stands at 10-11 %. It means I am nor getting the 80-100 % interest that the debtors ate supposed to pay, nor am I informed about a potential provident fund being set up. My question is: who is getting the interst rate difference between 80 and 10 % ? Is it Mintos ? May be worth asking Mintos support for an update? I did. They say they will tell later. While they are still thinking about what to do, I withdraw money everyday. I have 15 % of my P2P exposure with Mintos and I don't feel comfortable with that anymore.
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Post by thep2pinvestor on Jul 25, 2017 4:02:18 GMT
I have now 3 Eurocent loans overdue for more than 60 days. Clearly the BB guarantee is void, which seems normal in this case. However, the interest rate still stands at 10-11 %. It means I am nor getting the 80-100 % interest that the debtors ate supposed to pay, nor am I informed about a potential provident fund being set up. My question is: who is getting the interst rate difference between 80 and 10 % ? Is it Mintos ?
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Post by thep2pinvestor on Jul 9, 2017 18:25:39 GMT
As an update, it seems to be quite a lack of loans in the last weeks. Probably investors are increased in number. I started few weeks ago to subscribe also spanish loans; I'm not having so much problems in payments at the time. Polish loans also came 2 months ago, but they're offered at an interest of 10% and there's a witholding. For that reason only very few of them were picked from investors. Yes you are right. I started to invest there around February. The AI worked pretty well for a while with CZ and ESP loans but now it's tumbling. I have now started to withdraw money.
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Post by thep2pinvestor on Jun 30, 2017 4:52:41 GMT
Dear investors, we would like to point out that the answer discussed in this post referred to the interest rate defined in the assignment agreement, which would indeed remain unchanged. However, as you correctly noted, in case servicing of the loan would be taken over by Mintos (or assigned third party), full interest would be collected. In this case, investors would get compensated for losing the buyback guarantee by receiving the remainder of interest rate spread minus the cost of servicing the loan. Another scenario is that a provision fund type of structure might get established to use the interest rate spread to cover the losses of defaulted loans. I'm worried to see that Mintos still does not know how to deal with the situation between both possible scenarios. I think we should be more patient with Mintos. It seems to me that they acted with care by suspending the listing of new loans. They are just studying what is in the best interest of the investors (and their own interest also) and this cannot be decided over night. I am confident that Mintos is working day and night to solve this properly. If they don't it right, they know that this is the beginning of the end of Mintos if investors loose confidence.
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Post by thep2pinvestor on Jun 27, 2017 5:11:38 GMT
Anybody knows what happens with interest rates in case Eurocent defaults? Meaning do we then get full interest on underlying loan, or do Eurocent still gets to keep the difference between the "buybacked" rate dispalyed to us and the real rate the underlying borrower pays? This should be the case indeed. Interest rates paid by the borrowers at Eurocent are in the region of 80-100 %. We got only like 10-12 % with BB Guarantee. So Eurocent took the difference to pay for the BB guarantee. It would be coherent that we get the full interest rate if we take the full risk. This would allow us also to mitigate the dammage somewhat.
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