Post by westcountry on Jan 16, 2018 18:02:59 GMT
I invested in some of the M*** GBP car loans in December, during Mintos' cashback campaign, to try to diversify my P2P investments.
So far, 10 of the loans have been due to make repayments. Of those, 3 loans paid on time, one loan paid 2 days late, 4 loans are 6 days overdue, and the last 2 loans are one day late.
I'm quite surprised by how many loans are late paying, is this usual for M*** car loans on Mintos? Or have I just had bad luck with the loans I invested in?
I know the loans are covered by M***'s 60-day buyback guarantee, but if this proportion of loans default, it makes M***'s long-term survival a bit doubtful.
So far, 10 of the loans have been due to make repayments. Of those, 3 loans paid on time, one loan paid 2 days late, 4 loans are 6 days overdue, and the last 2 loans are one day late.
I'm quite surprised by how many loans are late paying, is this usual for M*** car loans on Mintos? Or have I just had bad luck with the loans I invested in?
I know the loans are covered by M***'s 60-day buyback guarantee, but if this proportion of loans default, it makes M***'s long-term survival a bit doubtful.
