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Post by rahafoorum on Nov 2, 2017 16:46:17 GMT
What are your reasons for doing so? are you getting good returns at all? The amount of defaults and delayed payments seems horrible and the ratings for the loans are crooked as hell; e.g. AA loans going bust from the start As all of us reading here, I am very suspicious about Bondora's claimed figures. I do not add new money, but I do not withdraw funds either. I tend to avoid the PM and work mainly on the SM - it takes time but seems to be better than the PM. I think I make about 9% gross. If you follow Andrej Ders forum, he is finding broadly similar returns. Why bother for the 9% return, when you can achieve better returns with almost no time required on your part and most likely less risk in other platforms?
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Post by moneymakingmoney on Nov 3, 2017 1:13:35 GMT
As all of us reading here, I am very suspicious about Bondora's claimed figures. I do not add new money, but I do not withdraw funds either. I tend to avoid the PM and work mainly on the SM - it takes time but seems to be better than the PM. I think I make about 9% gross. If you follow Andrej Ders forum, he is finding broadly similar returns. Why bother for the 9% return, when you can achieve better returns with almost no time required on your part and most likely less risk in other platforms? Exactly this. Unless you really do enjoy the tedious work of going through the secondary market. I don't think I've lost money on Bondora yet even counting the defaults, but it's just too unreliable and untransparent for me.
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Post by coolrunning on Nov 3, 2017 8:12:53 GMT
Why bother for the 9% return, when you can achieve better returns with almost no time required on your part and most likely less risk in other platforms? Exactly this. Unless you really do enjoy the tedious work of going through the secondary market. I don't think I've lost money on Bondora yet even counting the defaults, but it's just too unreliable and untransparent for me. One thing I like about Bondora, is that they have been in the business for quite a long time. When I look at euro P2P companies, I see many are relatively new. What would you advise as good 'euro' companies with more than say 5 years history which give 9% returns? Ideally one with clear raw data (e.g. published loan books).
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Post by wiseclerk on Nov 3, 2017 9:16:17 GMT
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fric
Member of DD Central
Posts: 200 
Likes: 80
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Post by fric on Nov 3, 2017 14:05:38 GMT
Exactly this. Unless you really do enjoy the tedious work of going through the secondary market. I don't think I've lost money on Bondora yet even counting the defaults, but it's just too unreliable and untransparent for me. One thing I like about Bondora, is that they have been in the business for quite a long time. When I look at euro P2P companies, I see many are relatively new. What would you advise as good 'euro' companies with more than say 5 years history which give 9% returns? Ideally one with clear raw data (e.g. published loan books). Being in the business doesn't mean much if you have poor business practices and your business is not growing (if not shrinking). You just never know what they gonna do next, what bad decisions they may take.
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Post by moneymakingmoney on Nov 5, 2017 2:45:23 GMT
I mean the horror stories on Bondora exceed those of any other platform.
Yes they have been in business for a while, but the rankings are total BS. Had some AA loans not making a single payment.
Not really worth my trust so far. I've only invested a small amount of money to test the platform. multiple loans are delayed and there is almost 0 transparency in the process of getting those loans in track. I've got the same issues with Omaraha, but at least they got a compensation fund.
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kulerucket
Member of DD Central
Posts: 336
Likes: 93
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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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Post by jeroen on Nov 5, 2017 14:27:26 GMT
Bondora is not that bad, it only becomes a problem when a loan is written off.
as long as that does not happen, the profit simply rises.
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