kulerucket
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Post by kulerucket on Feb 9, 2017 18:59:18 GMT
I agree it's not hard at all. There are plenty of modern off-the-shelf full disk encryption solutions that work as a layer below even the disk partitioning layer. Some of them totally free. My work laptop for instance forced me to set the encryption up the first time I booted it and from then on it's totally seamless. Password protection for the user account is worthless without encryption.
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kulerucket
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Post by kulerucket on Feb 9, 2017 18:44:15 GMT
In any case, I'm winding down this platform until I see a large increase in invoice availability. 8% plus dead periods don't make it a very good earner.
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kulerucket
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Post by kulerucket on Feb 9, 2017 18:41:19 GMT
OK I see what you mean, the difference is that you get the principal on the due date as well as the interest.
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kulerucket
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Post by kulerucket on Feb 9, 2017 18:35:32 GMT
It pays the interest on the due date even if delayed, and then the outstanding principle and interest earned again on buyback. Buyback is only 30 days so there would not be 3 payments, only 2.
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kulerucket
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Post by kulerucket on Feb 9, 2017 18:31:29 GMT
True but generally there are always loans to buy on Mintos. The bigger issue is that, the interest rates are generally declining as the amount of investor money grows. Recently it seems to be dropping quite rapidly and has quickly gone from 13.*% to 11.*%. It might be impossible to get a 12% loan after those 30 days and you would have to settle for 11.5% instead. A 2 year loan for 12% now might be unheard of after a year and so that loan will be both a higher earner than those available and also easy to sell.
Of course this assumes the decline will continue. If it doesn't you might be stuck with those until the end unless you sell them for a discount.
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kulerucket
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Post by kulerucket on Feb 9, 2017 18:22:32 GMT
It isn't unusual to reject an invoice at all. At least in the software industry. Requirements are not met, invoices submitted without reaching the payment milestone, incorrect tax codes, wrong business address specified, service level agreements not met etc, etc. I've always wondered what happens in these cases when an intermediate party sits in the middle.
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kulerucket
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Post by kulerucket on Feb 9, 2017 18:16:20 GMT
Buyback (only on loans with Garantija stamp) works different then on other platforms. If a loan is late, the installment is paid by the loan originator the same date. This remains until 90 days overdue. Then the residual principal plus interest is bought back. Different in that it's the same as Twino then.
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kulerucket
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Post by kulerucket on Feb 6, 2017 15:57:51 GMT
Wow what a fuss! The loan from one of my years was sold on a few years after I left. Same interest rate, same terms. It made no different to me whatsoever.
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kulerucket
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Post by kulerucket on Feb 6, 2017 7:22:53 GMT
I've had 3 defaults so far, 2 of which have been repaid by Twino in full. How well does Twino keep you informed about what is going on with a defaulted loan? I don't see anything where this information might appear in the application. Also how long did it take to recover the defaulted ones?
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kulerucket
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Post by kulerucket on Feb 5, 2017 19:46:24 GMT
My feeling it that they scan through everyone's sequentially and it's just luck where you are in the queue when new ones are released. For instance last week I sat there watching my AI do nothing while there were lots of 13% loans to be had and I had 150€ waiting so I bought them manually. This week I added another 1K€ and the whole lot was used buying up 13% loans overnight.
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kulerucket
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Post by kulerucket on Feb 3, 2017 13:54:25 GMT
I'm having a good streak at the moment. Only 12%.
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kulerucket
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Post by kulerucket on Feb 1, 2017 17:50:33 GMT
I just saw non buyback on the PM. I'm willing to stretch to 11% with buyback temporarily if needs be, but will be looking to shift money out if it's clear that 11% is becoming the new norm. Anything less than 15% without buyback isn't worth it to me.
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kulerucket
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Post by kulerucket on Feb 1, 2017 12:06:45 GMT
9% - 12.5% without buyback? No thanks.
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kulerucket
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Post by kulerucket on Jan 28, 2017 17:38:37 GMT
thank you
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kulerucket
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Post by kulerucket on Jan 28, 2017 16:35:38 GMT
Very very interesting report.
I have generally based my decisions on the assumption that if a platform goes under, I will get nothing back. Anything else is a bonus. With this in mind, I spread everything across multiple and only really invest "play" money into these.
I have noted that on Omaraha, the autoinvestor on buyback loans just stuffs all of the money you allocate into the next available loan and does not allow you to place a limit per loan.
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