Post by captainconfident on Jul 31, 2018 9:12:08 GMT
I have noticed the Peerberry's Terms and Conditions is an identical document to that of Viainvest. Note also that Viainvest were found to have the name Viventor in a certain place in their T&C, and when challenged about that, said
"We must admit that this is the mistake of our Legal Department, as the same people are working with VIAINVEST legal agreements and manages the legal side of our cooperation with Viventor."
So my question is, how closely interlinked are these companies?
Hello Guys, I started investing in PeerBerry since January 2019 with a small amount. I selected loans from customers with many loans taken from the same originator thinking that they are the most likely to be paid on time. There were days during the month that 100% of my loans were actually past due. I am not very concerned about this since all loans come with BuyBack Guarantee but that can't be health long term. What is your opinion on this? You can read my latest income review on my Blog to see what I am talking about.
I write about my experience investing in Peer-to-Peer Lending platforms here: p2pincome.eu/ Disclaimer: my site contains referral links
I'm investing with them for 1 month now. 50% of loans are current at the moment, about 25% are 1-15 days late and another 25% 16-30 days late. Can not say more at the moment and will see through months if it is worth to put more with them. I mostly invest into short loans with 12% rate. Otherwise I observe that now each day there is more and more cents raining in what is good.
Peerberrry as I see is mostly pretty convenient for auto investing. But also Auto-investing is quite slow. If you set it up, there can be hours, maybe even a day before your funds will be invested in the loans. I guess their computing power is a bit slow with processing all the auto-invest requests.
But if you want to do manual investing it is a pain in the a**. For each manual selection you need to select the rate, country etc. and this takes just too much time. You can not filter and select a few loans as it resets each and every time you select a single loan and if you go back it just go to the main investment page. This is really painful. A suggestion to improve manual investment features would be very welcomed for those who like to see a bit more details on individual loan takers before putting money with them.
Tip on manual investing: As you say, auto invest is very slow to invest. I often find fairly large sums sitting idle. To make manual investing more user friendly I open the loans available list with my selected criteria. This will usually have many pages of loans available. Now the trick is to right click on the invest button and choose open in new tab. Now you can make the investment without resetting the loans list. Once the investment is made you can then close this tab and proceed with another loan. The investment process can be very slow and sometimes gives 'internal server error' message in red or can time out and revert back to the previous page. I keep a written list of investments made so that I don't get lost. Today I had 400 Euros returned and it took about 20 minutes to make 20 investments of 20 Euros. Good luck investing!
Post by Peter Michael on May 30, 2019 14:50:28 GMT
Loan originator Auto-money.kz has joined PeerBerry three months ago and recently decided to increase return on all loans by 0,5%. From now, all Auto-money.kz car loans will be listed with an annual interest rate set from 12.7% to 13.5%.
Just noticed that invested statuses total sum and Account balnce total are diffeerent amounts. What could be reason for that? No withdrawals lately, there was a withdrawal long time ago but that was greater than this amount difference.