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Post by extremis on Mar 7, 2018 17:53:16 GMT
Conditions are same as before Except that this time the loans are offered under the indirect investment scheme.
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Post by extremis on Mar 3, 2018 14:30:08 GMT
I think I heard them say at Lendit Conference that they'll abort this because of Brexit. I just checked with them. They are still going through the process of getting FCA approval. This is good news! I would like to increase my investment on Mintos, but hesitated due to total lack of regulation. I hope they get FCA approved soon, so investors are covered by UK investor compensation scheme. Or Latvian law covers p2p investments so we are eligible for compensation in case of Mintos default. Perhaps martins could keep us informed about this crucial matter.
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Post by extremis on Mar 3, 2018 14:19:43 GMT
The 60 million (65 actually) in Mintos statistics is for the whole Mogo group. The condensed 12 month financial information is for Mogo, Latvia i think; it says 16 million loans from non related parties, while Mintos' statistics reports 22 million (today), which is of course higher since Mogo has listed several loans on Mintos the past 2 months. So, imho there is no discrepancy between Mogo's financial report and Mintos' statistics.
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Post by extremis on Jan 17, 2018 18:53:17 GMT
I think this is an attempt to bring in more investors, or existing investors invest more funds (i.e. to expand quickly). Of course, it also benefits Mogo as the invested funds will be tight up long-term. As far as i understand, cashback is paid by Mintos, but maybe this was decided in collaboration with Mogo. Or Mogo saw the cashback on their long-term loans and decided to drop the rates. Anyway, i am not investing in a 60 month car loan unless it is offered at 15%.
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Post by extremis on Jan 13, 2018 9:56:17 GMT
Exactly, direct means a claim against the borrower, indirect means the claim is against the loan originator.
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Post by extremis on Jan 12, 2018 23:33:40 GMT
Mintos has added an investment structure filter (Direct/Indirect) both in PM, SM and Autoinvest. That's a great addition imho!
Keep up the good work, Mintos!
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Post by extremis on Dec 31, 2017 21:55:33 GMT
Right now there are no 60+ days Eurocent loans; looks like most of them are transferred in the 30-60 days late territory!
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Post by extremis on Dec 19, 2017 15:31:28 GMT
According to Mintos statistics there are no 60+ days buyback guaranteed loans right now (except Eurocent of course, that defaulted last summer). Maybe it is the weekend or some other holiday that delayed the buyback guarantee to kick in for a couple of days...
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Mintos
AML
Nov 10, 2017 11:36:25 GMT
Post by extremis on Nov 10, 2017 11:36:25 GMT
Today, i tried to change an Auto-invest portfolio and an AML questionnaire popped up. What is this? Anyone else has seen it?
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Post by extremis on Nov 8, 2017 12:34:43 GMT
Well, they have listed quite a big number of loans on Mintos platform last month. Whether this makes up for the missing 3M or not, i can't really say for sure.
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Post by extremis on Nov 2, 2017 23:11:57 GMT
Have they already abandoned their plan to get FCA approval and move to London? Is there any chance for Mintos investments to be covered by investment compensation scheme in the future?
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Post by extremis on Oct 5, 2017 22:03:05 GMT
I think there is a huge difference between Loan Originators that offer buyback guarantee and those that don't. If a Loan Originator that offers buyback guarantee exercises his buyback rights to buy high interest rate loans and then re-issue them with lower interest rates, then investors would of course loose the interest rate difference, but they would not loose any capital (assuming the Loan Originator is not in bankruptcy). Moreover, the investor can make a decision whether to re-buy these loans at lower interest rate, buy loans from other Loan Originators, or withdraw his money and invest elsewhere. In a sense it is similar to a Bank lowering the interest rate on a savings account.
But with Hipocredit loans that (mostly) come without buyback guarantee there is a substantial risk to loose capital invested: if they constantly buyback well-performing high interest loans, in the end investors will be left with loans in default and very low interest rate loans that might not be able to compensate for any losses. It's a free market, but for me the risk of Hipocredit loans is too high compared with the reward offered. Unless they reconsider their policies, i will not invest in any Hipocredit loan again (except for loans sold at SM with discount).
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Post by extremis on Sept 17, 2017 22:39:11 GMT
No need for that, everything is just fine again.
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Post by extremis on Sept 16, 2017 15:33:40 GMT
Is there anything wrong with the statistics page? It hasn't updated for at least a couple of days now.
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Post by extremis on Sept 11, 2017 8:51:01 GMT
You should probably create multiple Autoinvest portfolios for different loan originators or loan types and set the maximum amount to invest in each one according to your desires.
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