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Post by Ace on Apr 10, 2018 20:14:03 GMT
I set up an auto invest filter to lend in GBP on Mintos with buyback guarantee. The only provider available was Mogo, but all of the loans were to Poland! Can anyone enlighten me, or does anyone have any experience of lending on Mintos in GBP?
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Post by Jonas Hendrickx on Apr 15, 2018 15:20:32 GMT
Nothing you need to know. Prone to currency fluctuations. That's all.
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Post by Ace on Apr 15, 2018 15:32:13 GMT
Nothing you need to know. Prone to currency fluctuations. That's all. ? Not sure how investments in GBP can be subject to currency fluctuations!
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trium
Member of DD Central
Posts: 379 
Likes: 298
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Post by trium on Apr 17, 2018 14:38:36 GMT
GBP investment on Mintos is pretty new and so far limited to Mogo's Polish loans - see hereI suppose if Mogo's move proves popular it will encourage other lenders to offer the facility. Clearly it saves the trouble/expense of converting currency but of course the loans themselves are in PLN and a conversion will still be done. The cost of that will presumably be factored into the GPB price rather than charged for separately. |
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