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Post by domlagagne on Apr 10, 2018 6:54:55 GMT
Hello,
Today, I have more than 10% in amount of loans overdue. As I am quite new with robocash, I would like to know if it is normal ?
Thanks.
Dom
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Post by glensm on Apr 10, 2018 15:36:07 GMT
I think it's pretty normal. they offer 30 (or 60? can't recall) buyback and these are high-risk loans. Mine is about the same.
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kulerucket
Member of DD Central
Posts: 336 
Likes: 93
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Post by kulerucket on Apr 10, 2018 20:21:50 GMT
According to the stats for all loans I've been involved in, 30% have been bought back. It's normal.
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Post by domlagagne on Apr 10, 2018 22:38:36 GMT
Thank you.
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Post by alistairb on May 8, 2018 5:14:25 GMT
I have just signed up with RoboCash and now have 24 100% late loans! The buyback should pay out at 31 days, so only a few days to wait as they mostly have 4 or 5 days to run. The loans available page has only two current loans listed and lots of late ones at this time.
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Post by glensm on May 8, 2018 12:40:54 GMT
They charge high enough spread that they can afford to pay out. Don't worry too much about it.
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Post by domlagagne on Mar 28, 2019 17:10:26 GMT
Hello, now i am at 90% of loans overdued .... on 542 loans ....
What do you think of it ?
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Post by Ace on Mar 28, 2019 18:54:25 GMT
I'm at just under 10% overdue by value, 12.7% overdue by number of loans.
It seems odd that your's are so high. How are you measuring?
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Post by domlagagne on Mar 28, 2019 22:36:32 GMT
In the all loans summary i have Current : 1110.42 and Overdued 6490.98. I was exagerating... more like 85 % of Overdued Loans ...
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Post by Ace on Mar 28, 2019 23:28:18 GMT
In the all loans summary i have Current : 1110.42 and Overdued 6490.98. I was exagerating... more like 85 % of Overdued Loans ... That's the same way that I was using and I have 9.7% overdue. I have no idea why we have such a vastly different experience. I've been investing on Robocash since 8th May 2018. My current XIRR is 8.7%.
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Post by domlagagne on Mar 29, 2019 6:25:56 GMT
My "Period of repayment range" is from 1 to 15 days. Maybe that's why I have this 85% of overdue loans... It's scary.
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Post by Ace on Mar 29, 2019 8:15:44 GMT
My "Period of repayment range" is from 1 to 15 days. Maybe that's why I have this 85% of overdue loans... It's scary. My repayment range is set to 1 to 366 days (full range), so that's certainly a major difference.
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benaj
Member of DD Central
Posts: 4,855
Likes: 1,591
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Post by benaj on Mar 29, 2019 8:24:00 GMT
My "Period of repayment range" is from 1 to 15 days. Maybe that's why I have this 85% of overdue loans... It's scary. I am an investor yet, but I have seen worse in the other eu platform for one short term loan orginator. Thanks goodness it was buyback after 60 days and received interest for 90 days instead of 30 days. It does make me wonder whether these loans are 30 days or 90 days. 10% loan overdue is comparable to the other eu platform I joined.
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