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Post by gmaxkenny on May 1, 2019 13:56:45 GMT
I think this tread should be deleted as putting the word "scam" into the title makes you sound like a troll rather than an investor. If you had bothered to do any research before investing in Mintos you would know very well that they are not a scam and your pathetic post should be treated with the contempt it deserves.
Update: Good to see that the thread title has been changed.
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Post by gmaxkenny on Jan 22, 2019 23:19:39 GMT
After all the fanfare there seems to be no follow up about giving investors bank accounts. Anyone know what is happening or have there been updates I have missed.
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Post by gmaxkenny on Jan 4, 2019 11:07:55 GMT
Mogo is offering many loans at 12%. They are going fast though..... And after 6 months they will buy back the preforming loans and leave investors with the non preforming ones as they have done recently. Dont be fooled.
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Post by gmaxkenny on Jan 2, 2019 21:36:06 GMT
When I opened my account a few years ago I used my passport as ID.A few days ago I got an Email from Mintos that is was about to expire and to submit the new one which I did under their system which requires a photo of me and also photos of my ID. It has not yet been verified due to the holidays and when I go to the funding page I am not allowed to deposit or withdraw until it is. So make sure you can provide what they want or you may have problems getting your funds when your present ID expires.
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Post by gmaxkenny on Aug 10, 2018 22:26:29 GMT
At the moment they are not asking for proof but the fact that they have put these questions on the form indicates they will ask in the future as well as making giving your tax cert mandatory otherwise why bother putting them there.
I intend to fill in a arbitrary amount for salary and 0 for the rest just so I can continue to reinvest for the time being while I look for other investment opportunities. I will not add any new funds.
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Post by gmaxkenny on Aug 2, 2018 19:06:45 GMT
If you are stating that asking for a tax cert etc is the exception not the rule then are you asking all your investors to fill this form are just a few. The form I see on my account makes it mandatory to give my tax cert. and all my earning details so am I the exception? If so why? My tax residence phone bank and address are all in the same country so it does not fit in with your answer. I ask here because your support have not answered my email. Maybe its just Patright and me that have received these emails.
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Post by gmaxkenny on Aug 1, 2018 20:12:02 GMT
In my email I asked who wanted the information and why so according to their own FAQ answer it could only be if the Latvian tax authorities requested it or its part of a new EU directive. If so it should have been clearly stated in their email and if it is not then why would they or anyone else require such detailed information. Not at all happy about this and the way it has been handled.
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Post by gmaxkenny on Aug 1, 2018 18:20:29 GMT
Hi Victoria Would you please inform us what is the procedure to exit the platform for existing investor that would not want to go through to very intrusive information you are requesting as part of the KYC (more intrusive than any platform I have ever been in) Since there is no secondary market and funds are invested something for a long time, I would like to know how to proceed thanks a lot Too right,I have sent an email which is almost a duplicate of your post. I have no idea why they should need such detail of an investors income it looks more like a tax return than a KYC form. I for one will not fill it out. They better find a way pronto to liquidate portfolios as they have no secondary market.
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Post by gmaxkenny on Jul 12, 2018 22:46:22 GMT
Thats Mogo off my list and after Hipocredit as well its goodbye to Mintos from me. The rates we are getting now from P2P in general do not reflect the risk and as the odds of a recession in 2019 increase I for one will be reducing my exposure to this sector especially as has already been shown the buyback guarantee offered by loan originators is worthless.
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Post by gmaxkenny on Jul 6, 2018 16:48:01 GMT
It is most likely that someone involved with Robocash is on the EU or US sanctions list as a person close to Putin. Personally I have withdrawn all funds from them some months ago and transferred to Grupeer. Same returns less risky and no extensions or buybacks so far.
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Post by gmaxkenny on Dec 4, 2017 15:40:27 GMT
I cant understand why anyone would invest in their loans. They will buy back any good ones and leave investors with the dross. Avoid!
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Post by gmaxkenny on Oct 5, 2017 15:28:38 GMT
I complained to Mintos about and got back an obviously prepared standard reply hiding behind T&Cs and washing their hands of this. You would think they were powerless to do anything. They are selling loans on their platform which they know will be bought back if they preform well. Hipocredit have bought back loans at 15% and resold them at 12% what to stop them rebuying this loan and reselling it again at 10%,absolutely nothing. Mintos should kick them off the platform to prevent further damage to their reputation or at least warn investors what is happening. I regard this as a complete ripoff and if Mintos allow it to continue it will show that they have no regard for those who invest with them and investors should act accordingly. I will not invest my money with ripoff merchants and those who engage in sharp practices who take me for some sort of fool and who think they can do what they like with MY money.
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Post by gmaxkenny on Sept 23, 2017 19:53:56 GMT
I dont think you can compare Eurocent and Mogo. In my instance Eurocent made up less than 1% of loans wheras Mogo makes up 40% and as Mogo has been with Mintos from almost the beginning I would say that it makes up a large part of the average investors loans on the Mintos platform. Were Mogo to fold it would have a catastrophic impact on the portfolios of most investors unlike Eurocent which was no more the a small inconvenience. I my opinion if Mogo collapsed so would Mintos as most investors would almost certainly desert the platform much like a bank run. I doubt if most people would care that Mogo and Mintos are different companies in this scenario.
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Post by gmaxkenny on Sept 20, 2017 12:37:00 GMT
Yesterday I had 4 loans between 14.5% and 14.9% bought back and today 2 at 12% and 12.4%. I already had all my loans over 15% for sale and yesterday added all loans over 14.5%. It now seems that I will have to dispose of all Hipocredit loans with whatever premium I can get. Just a thought can a loan be bought back if it is listed on the secondary market? If not it could be a way of stopping them buying them back.
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Post by gmaxkenny on Sept 19, 2017 15:15:08 GMT
Just rechecked and there are no loans available at the moment. Up to now this has been one platform I rarely check due to its simplicity and lack of problems with reinvesting but maybe its changing so I better keep an eye on it. Usually when this happens on a platform the interest rate start to drop,hope this is not the case here.
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