kulerucket
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Post by kulerucket on Nov 15, 2017 18:58:30 GMT
I've only noticed this "new" P2P today. What do you think of it? I'm looking for a platform to diversify from Mintos, my biggest stake now. BTW, the website viainvest.com is down for me. I like them. They are one of the few Euro platforms that make financial reports available: link
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kulerucket
Member of DD Central
Posts: 336
Likes: 93
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Post by kulerucket on Nov 15, 2017 18:53:21 GMT
I had 2000€. I got 0 loans over a 4-6 week period and was withdrawing 200€ at a time whenever it crossed this threshold (plus >10€ to test for reinvestment). I am now down to 400€ but the drag seems to have stopped for the time being. This could be a change but could also be down to luck.
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kulerucket
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Post by kulerucket on Nov 14, 2017 11:12:04 GMT
So much for the 17.5% the GEL seems to be in freefall at the moment. I transferred a bit across when the charge was only 1% and since then my 17% has just been keeping the return at 0%.
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kulerucket
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Post by kulerucket on Nov 13, 2017 21:49:15 GMT
I think I will continue edging the price down until I start getting bites. At 2-3% returns I would rather take a bit of a loss and put the money to better use. I don't think I'd go as low as 20% though.
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kulerucket
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Posts: 336
Likes: 93
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Post by kulerucket on Nov 12, 2017 19:52:15 GMT
What I don't understand is that there wasn't a delay in getting loans slowly building up as you normally see when the total funds on the platform reaches a point where it's hit the same level as the loan availability. It was like dropping off a cliff. It seems like a +90% drop in loan availability so either KZ totally dried up or their auto-invest algorithm is very heavily biased towards larger accounts.
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kulerucket
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Post by kulerucket on Nov 12, 2017 15:44:52 GMT
So, I made the decision that I've had enough and starting listing everything for sale. I set all prices a little below the lowest available shares and waited a week. Nothing. I checked all of them and reduced those where I've been undercut. Still nothing. This is going to be harder than I thought!
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kulerucket
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Likes: 93
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Post by kulerucket on Nov 10, 2017 22:31:55 GMT
cash - 24% equities (mostly pension) - 40% p2p - 13% premium bonds - 6% weird German retirement insurance: 10% other (hard to explain without revealing too much personal information): 7%
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kulerucket
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Likes: 93
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Post by kulerucket on Nov 10, 2017 21:02:32 GMT
I'm getting nothing but I'm still withdrawing often. Probably I'm just being too impatient but I have other plans for the money in any case.
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kulerucket
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Post by kulerucket on Nov 8, 2017 13:11:12 GMT
That's a good point.
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kulerucket
Member of DD Central
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Post by kulerucket on Nov 8, 2017 8:09:35 GMT
If a loan has not paid a penny for couple of years somehow they calculate that planned payment 1.12.2017 is not late yet I don't think anyone can dispute the fact that this payment isn't late yet because it isn't. The problem is that their calculations assume that the loan will somehow magically catch up and all will be well before this date. In other words, the 2-year late loan has an equal value to a current loan.
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kulerucket
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Post by kulerucket on Nov 5, 2017 10:45:42 GMT
I'd have to disagree about lack of transparency for Omaraha. They have quite a detailed log of their attempts to contact the borrower. Then the loan is simply sold to a DCA and I understand that 60% you get back comes from the sale not from a provision fund. Bondora on the other hand just says "Waiting for court order" or similar for months (approaching a year for me) on end with no other information.
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kulerucket
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Post by kulerucket on Nov 3, 2017 18:44:24 GMT
Why have you not imposed standardised and compulsory financial reporting for all originators?
Why is the site so slow these days and what plans do you have to fix this?
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kulerucket
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Post by kulerucket on Nov 1, 2017 19:26:35 GMT
Improve the transparency, people like to know what is happening with their money; e.g. make two different statuses for early buyback/ repayment vs defaults. I made the same point further up the thread. However is is possible to tell from the term "x/y". If x=y+30 it's a buyback.
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kulerucket
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Post by kulerucket on Oct 30, 2017 18:48:53 GMT
I just approached Viainvest for some clarifications on this, but I find it odd that other loan originators in Baltics don't withhold tax at all and leave the tax responsibility all to me without the need of providing any tax certificate. Edit: Got a reply, all is clear to me, and yes, if I provide a tax certificate they will not WHT for all, but Polish loans, where apparently they would WHT 5% for me - I suppose that's a bilateral tax agreement between Poland and my country. Either way, the fact that Viainvest goes this far in regards to WHT and tax certificates, either hints that other Baltic platforms don't follow up on some of their regulatory requirements, or that Viainvest goes beyond their necessary requirements. It was fairly painless for me once I found the correct form for the German tax authorities. I have read somewhere that Via are ahead of the regulations so I expect other platforms will follow in due course. Unfortunately I cannot find the source of this information.
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kulerucket
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Post by kulerucket on Oct 29, 2017 8:05:09 GMT
It depends on your criteria but if I had to pick one it would be Via. The company publishes financial reports, is a decent size and is profitable. Loan availability is pretty good and a continuous stream of 12% short-term loans is possible. Mmy buyback rate is 21%, which is fairly low compared to other personal loan platforms. Having said that, the website is not very good at all. No exporting loan history to excel and rubbish filtering. No indication of how full your auto investor is.
For pure returns finbee / lenndy are better, but I wouldn't keep a large amount of money in them because without any financial reports I can't judge what the risks are.
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