jay
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Bondora
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Mar 8, 2019 13:38:06 GMT
Post by jay on Mar 8, 2019 13:38:06 GMT
Same here, incredibly annoying to see their ugly faces everyday on YouTube especially when 4 years later many of my loans have not yielded anything still. Most of the spain and 100% of the slovakian ones have not paid anything. Oh and i just read one of them filled for bankruptcy. My opinion have not changed, avoid the platform like plague, flee while you can !
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jay
Posts: 46
Likes: 18
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Post by jay on Sept 9, 2018 0:10:16 GMT
It's Bondora, how can you expect anything good
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jay
Posts: 46
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Post by jay on Aug 30, 2018 15:01:25 GMT
A new bondora user ? The only thing we can advise you is to avoid that platform like plague.Invested a few thousands years ago only got back 4/5 of it, so its an unmitigated disaster, especially the spain and even worse slovakian loans with 90% default. Everything, and i mean it, everything you can read from them is marketing bullshit. Even the trustpilot reviews were faked and our reviews censored. Old timers could confirm my say too, they even had to close their official forums as there was so much negativity. You dont let laid back tourists enter a cutthroat alley, so same here i cant advise bondora to laid back investors indeed... Thanks Jay for putting it very clear. Np, i am glad if i can help people avoid such pitfall and not waste some of their savings.
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jay
Posts: 46
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Post by jay on Aug 29, 2018 16:19:23 GMT
The only way you will be able to leave will be by selling your entire loan holding, which will give you massive losses on the defaulted loans. The loans which do not default are often extended for years also.
I have invested there for 5 years, withdrawing all repayments for the last 2.5 years and expect to take another 5 years for recoveries to come in, with repayments from still paying loans. I have all my invested money back now luckily and am in profit at last, but my average rate is 28% so I doubt you could do that now.
Ouch. It seems this platform doesn't make sense at all for laid back investors. Do you reckon if I stay a couple of years I still would be negative? And what do you mean by loans not in default being extended ?? Thanks A new bondora user ? The only thing we can advise you is to avoid that platform like plague.Invested a few thousands years ago only got back 4/5 of it, so its an unmitigated disaster, especially the spain and even worse slovakian loans with 90% default. Everything, and i mean it, everything you can read from them is marketing bullshit. Even the trustpilot reviews were faked and our reviews censored. Old timers could confirm my say too, they even had to close their official forums as there was so much negativity. You dont let laid back tourists enter a cutthroat alley, so same here i cant advise bondora to laid back investors indeed...
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jay
Posts: 46
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Post by jay on Mar 24, 2018 20:13:14 GMT
Its not only you , mine are close to 0 , that for so called A loans i was scammed into taking . 2014 those loans, and still nothing recovered...
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jay
Posts: 46
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Post by jay on Oct 17, 2017 16:42:39 GMT
An excerpt from Bondora's latest blog post: Recovery rates 2017 Quarter 1 Estonia 52% Finland 55% Spain 24% Slovakia 9% Does anyone see these returns (even using Bondora's definitions) on their defaults? Its closer to the reality i guess, recovery is still a lot worse for me, spain and slovakia is almost 0%.
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jay
Posts: 46
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Post by jay on Feb 19, 2017 0:31:30 GMT
. I haven't seen any complaints from people loosing significant money, only that they have broken even. Thats not true several people dont break even. After 3 years on 5000 invested i get 4200 back only. Some of the borrowers never repaid anything,courts rules in our favor but bailifs are not recovering anything 3 year later. Bondora is certainly worth 5 star reviews on the borrower side, looking on my list i see several people borrowing amounts around 8K and not repaying a cent from it. If they repay just a few cents, they are granted reschedule, ad vitam eternam. To the original poster i can only advise to get rid of everything non-estonian, even at a discount before you lose more. Defaulted loans wont go without a huge discount, so dont wait for that.
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jay
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Post by jay on Jan 18, 2017 23:48:51 GMT
I certainly would rewrite a review using a bondora account number if i was 100% sure trustpilot dont share the data. Its quite odd, i can write a review for zopa for exemple and they dont ask me for any additional info....Maybe they have less to fear from customers.
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jay
Posts: 46
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Post by jay on Jan 18, 2017 23:42:57 GMT
Trustpilot for Bondora has been open for reviews since 2014 - not sure what triggered you to write there now not before. I don't think this is correct. On 17th Sept 2016 I noticed an article on the 4thway site which linked to TrustPilot reviews with a high rating. However the review was for Bondara which is something different and not for the easily offended. There was no page for Bondora then, but I happened to notice one a few days ago with no ratings and mentioned it on another topic here. This seemed to lead to much sudden activity with a lot of criticism at first but ending with about 20 enthusiastic reports in around 5 hours. Yep and recently all the negative reviews were censored.
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jay
Posts: 46
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Post by jay on Jan 18, 2017 23:37:54 GMT
Hello I just created my account I have a few questions ; only way of investing is through the "portafolio manager"? is it possible to list the loans before investing? how? is it possible to select loans in function of their term, current vs delayed? buyback guarantee is applicable for all the loans? Thanks in advance Is it your first investment involving P2P ? If it is be extremely careful with that company. Do not believe the stats either. Only way to invest is by the portfolio manager for very good reasons. Once upon a time you had the choice, estonian loans were yielding a good 14% and probably still do, however the new markets had horrifying default rates .Probably by lack of background check and will to grow up very fast, they never explained nor apologized. After such experiments with our money and dreadfull losses , no one wanted those new markets loans anymore of course. The official forums were so full of negativity they had to close them so you cant check the history . So they denied any choices an pack those toxic loans amongst the good loans.... I state it again, be extremely careful, try very small amounts and wait more than one year to see the results.Maybe its better now, not really hard tbh, maybe they improve, but i am certainly not going to try again . If you are experienced, have plenty of money to risk , dont care of the huge potential loss, then disregard my advice, go for it.
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jay
Posts: 46
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Post by jay on Jan 14, 2017 16:22:55 GMT
If anything those glowing reviews, or i should rather say glowing one liners, will make think twice the potential investor . The only in depth reviews rate 1-3 stars.
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jay
Posts: 46
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Post by jay on Jan 9, 2017 1:43:02 GMT
Where has everyone gone? Is there a new preferred forum for serious discussion of Bondora? Did you "Join the Bondora community on Facebook" - please tell me you did not ! No, we are not gone, but as others i have absolutely no interest towards this company anymore , unless i can manage to deny them any business.Portfolio running out slowly...On 5000 invested i recovered and withdrew 4300, whats left is mostly overdue, i will be very lucky if i ever get back all the money i invested two years ago ! Reading the listing there's some recovery process, court ruling in my favor, but bailifs cant manage to recover anything at all.
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jay
Posts: 46
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Post by jay on Sept 16, 2016 19:17:26 GMT
In the last 4 months there have been no 10€ recovery from my over 2300€ (principal) defaulted slovakian loans. I can't laugh looking at your weired numbers. Same here, and not just the last 4month. One slovakian borrow repaid me all, but all the others since the beggining ? No recovery at all. I am not laughing much either. No improvements on the spanish ones either. The recovery process publication is another of one of their numerous faery tales, full of illusions and light tricks.
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jay
Posts: 46
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Post by jay on Sept 13, 2016 1:52:14 GMT
well still no improvement, since last time i posted....
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jay
Posts: 46
Likes: 18
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Post by jay on Sept 1, 2016 13:16:43 GMT
AH for the constructive part, beware new naive(i was once too) investors, be extremely careful with p2p lending. Is this a Bondora-specific warning, or refers to other p2p lending platforms as well? If so, perhaps we should make a general p2p lending thread warning new investors of the pitfalls of this type of investing. I would certainly appreciate advice from older and more experienced investors. My own experience was with bondora, so i cant tell tell you about the other platforms ,maybe something is good out there but i was so disgusted i went back to more classic investments. However in the process i've read threads in many other investments forums, like this one (in french)http://www.devenir-rentier.fr/t6382 , the returns from unilend for example were far from glorious too. The most dangerous pitfalls ? Blogs! Many of them show bondora as an exceptional experience ,excellent return,with a lavish amount of details and stats to back it up .So good they must have have been paid for advertisement or had a special deal of some sort. Unfortunately this does not match with reality, picking A rated loan on bondora in spain, finland and slovakia , i got frigthening amount of defaults. I remember the slovakian one were around 80% default , that within the first month, bondora advertised them as good and reliable as estonian ones. then one day they just stopped offering them, never apologized, and washed their hands from the collection. Now the collection is done by external companies(little return so far) and they charge a collection fee, retroactively. I am doubtful this is legal to do that, but well hiring an estonian attorney would cost me more than the whole value of the portfolio... So to me P2P sounds like the western of old with outlaws, pioneers, large wild areas to discover,very little protection and regulation.
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