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Post by wiseclerk on Aug 7, 2019 13:39:46 GMT
With statement from Viventor CEO
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Post by wiseclerk on Aug 7, 2019 15:09:48 GMT
Added statement of Aforti Holding to article
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Post by wiseclerk on Aug 9, 2019 13:05:27 GMT
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Post by soereng on Oct 23, 2019 19:26:21 GMT
It looks now more worrying: At least in my portfolio I have several loans identified which are by far >60 days over and haven't received a single payment. As Viventor's recent statement is www.viventor.com/blog/update-regarding-aforti-finance-and-aforti-factor, it looks for me they are hiding some information - or lacking themselfs about Aforti Finance, which would be even worse. I have however contacted support and requested urgent updates about the situation, if payments are delayed that long, that's usually not a good sign, at least it does not point to "we have resolved all issues", which reads for me as a lie.
Should add, that although payments for loans from A.F. haven been received since July continously, they thinned out substantiously and went to zero about two weeks ago. Needless to say that now 100% of A.F.'s loans in my portfolio are in the overdue or even non-performing status.
I keep you updated.
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Post by soereng on Oct 26, 2019 17:42:46 GMT
I have got a response from Viventor's CEO, which I cannot disclose in full. However, it matches what other sources also reported. Aforti seems to struggle as a whole, so it is quite unsure if they recover without going into insolvency on my opinion. So it seems to be another unfortunate story of P2P originators going down in flames...
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csj42
P2P Blogger
Posts: 4
Likes: 1
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Post by csj42 on Nov 16, 2019 18:39:38 GMT
This sounds utterly depressing. I guess we might have to take a full hit then. Too bad.
Viventor was actually one of the better performing platforms in my portfolio until this. But if Aforti cannot pay any money back and all is lost, then it will almost eliminate all my profits this year on Viventor. I think we are seeing a lot of LOs in difficulties at the moment. I sure do not hope it is starting a general trend.
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Post by soereng on Nov 26, 2019 18:05:13 GMT
Just want to share my experience: I sold half of my loans on Viventor with Aforti Finance beeing the originator. It looks now as a kind of small "banking run" as the discounts are current rising to more then 20% right now. Furthermore for the remaining loans payments are nearly stopped in November, so I still assume the problem will not be resolved but likely goes into AF going bancrupt. However I think that some P2P platforms like Viventor and Mintos, having loans from Aforti, just don't want to go into this "blame game" and just don't want to declare a default event. Most likely then the almost obvious would become obvious...
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