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Post by rahafoorum on Apr 9, 2020 18:51:11 GMT
Then Bondora will decide whether they'll make partial withdrawals daily or make you wait until your full requested amount is available. It seems that many Go & Grow investors see it as an instant access account so if a withdrawal fails I would expect to see a run on the account which would surely be widely reported in the press. Could they survive that? They've had difficulties servicing the payouts for over two weeks. Haven't seen any press covering it 
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parisingoc
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Post by parisingoc on May 23, 2020 13:51:10 GMT
Just stumbled across this post.
I buy solely from the 2nd market and have been struggling lately with what I thought was just rogue data (a common problem over the years), but all my analysis of the downloaded data set tells me that Bondora have not written a new loan in Finland since the 23rd March and Spain since the 24th March. I can find no announcement anywhere, but the observation about the servicing of payouts suggests a tightening of the cash belt around those dates in March.
Of course, it may all be about the Pandemic, but if I have just got it wrong regarding the Finland/Spain loans, please enlighten me.
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Post by coolrunning on Jun 15, 2020 6:35:32 GMT
Just stumbled across this post. I buy solely from the 2nd market and have been struggling lately with what I thought was just rogue data (a common problem over the years), but all my analysis of the downloaded data set tells me that Bondora have not written a new loan in Finland since the 23rd March and Spain since the 24th March. I can find no announcement anywhere, but the observation about the servicing of payouts suggests a tightening of the cash belt around those dates in March. Of course, it may all be about the Pandemic, but if I have just got it wrong regarding the Finland/Spain loans, please enlighten me. I would expect Bondora to take the pandemic seriously. It has to effect loan repayments and hence new loans.
Does anyone have any figures?
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Post by rahafoorum on Jun 17, 2020 17:31:34 GMT
Dataset has some info. Daily funding volumes for months since the covid-19 hit.
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parisingoc
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Post by parisingoc on Jun 24, 2020 12:09:52 GMT
Interesting Graph. I believe Bondora are doing many things differently over the last 4 to 5 months, all with no public announcement to say what's going on. Many loans that have missed a payment are being rescheduled after the event with both very extended 1st payment dates for the new schedule as well as significant reductions in the interest rate charged. Harping back to my comment about rogue data, in many cases when the interest rate is changed as part of a reschedule, the headline rate - shown against the loan - is NOT changed, thus misrepresenting the loan details, in some cases grossly. Trying to update my working data today and I find that the Public Loan Dataset is missing the "Username" - a key element for my analyses - and has been missing it for some days. All part of the rich tapestry that is Bondora's level of care in the management of their IT systems  Not helped by the response from Support to my message - "We are on Holiday". Oh joy. |
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Post by rahafoorum on Jun 24, 2020 13:22:07 GMT
Seems like they removed some data in general on purpose. County, city, date of birth, employment position have also been removed. Data privacy I guess. They also made some other changes with their latest update.
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parisingoc
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Post by parisingoc on Jun 24, 2020 14:37:36 GMT
Seems like they removed some data in general on purpose. County, city, date of birth, employment position have also been removed. Data privacy I guess. They also made some other changes with their latest update. Interesting. I have my process down to a single run of a data mining suite followed by a couple of Excel merges so didn't investigate further. Did Bondora make some announcement on this? If they did, they haven't bothered changing their Legends download either.
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Post by rahafoorum on Jun 24, 2020 19:28:22 GMT
They did announce that they're doing a pretty much whole day database update on some day, but no details, as usual. I'm not sure they've updated those legends in a few years. For example, they've removed most products from the manual/API/portfolio manager bids columns. So now you won't know how most of investments are made, since portfolio manager only includes (probably?) the PM with no options, not the pro.
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parisingoc
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Post by parisingoc on Jun 24, 2020 20:12:28 GMT
 It's sad to reflect on the last 7 years and how Bondora has moved from the youthful, idealistic platform where I remember people explaining why they wanted to borrow money. I sometimes wonder if Partel ever reflects on the journey in his quiet moments (assuming he ever gets any!)
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parisingoc
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Post by parisingoc on Jun 25, 2020 16:14:57 GMT
Aplogies if this appears to be a thread Hijack. I raised a support ticket and the response confirmed the removal of "Private Data" that may contravene "... EU data protection laws ...". I also found a small print statement embedded in the Blog (a place I have NEVER been before) saying they had "temporarily" stopped lending in Finland and Spain in order to cut costs during the Pandemic - understandable. I have responded to the support ticket with a bit of a diatribe pointing out that the UserName is, according to their own definitions, created and allocated by the system and therefore cannot be Private data unless it allows access to private data through mechanisms provided by them, so am happy for the rest of the truly private data to be left out. I have also quoted their own blurb back to them about the need for diversification of investment and the need to be sophisticated in your selection of investment, all of which I believe are not possible without some means of connecting loans to the same borrower back to each other. If anyone know how to achieve this last point without the UserName, I am all ears. If I'm getting too strident, please advise |
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Post by rahafoorum on Jun 25, 2020 20:31:33 GMT
I also found a small print statement embedded in the Blog (a place I have NEVER been before) saying they had "temporarily" stopped lending in Finland and Spain in order to cut costs during the Pandemic - understandable. More like the funds in Go & Grow dried up and there's not many people stupid enough left to fund those junk loans.
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Post by coolrunning on Jun 29, 2020 9:06:38 GMT
... If I'm getting too strident, please advise Not at all.
Please continue!
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parisingoc
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Post by parisingoc on Jun 29, 2020 14:01:12 GMT
It appears I have a result on my request to Bondora, namely:-
"Thank you for your feedback.
As we have received feedback on this since the change, we have made further adjustments to help investors in their data analysis and usage. The Username has now been replaced with the PartyID which investors can use to identify loans.
Please, feel free to let me know if there's any other thing I can assist with and I'll be happy to help."
It's interesting for all it doesn't say, namely, that the new "PartyID" (that actually appears in the Loan Dataset under the legend "UserName") contains a system-generated, Hex-based value that is the same for each loan that a user has and therefore can be used to link related loans, but it is NOT the "UserName" that appears on the Bondora site and therefore cannot be used directly in searches on the site.
Thus it is that Bondora has managed to make manual management of ones "investment" almost (but not entirely!) impossible.
My datamining procedures correctly generated output that listed all related loans using the new field, without any changes, so in that I am happy. Now just to find a way of searching the Bondora site for any said loans that are on sale . . . .
Thanks to all the others who must have also been giving their "feedback" to Bondora. I wonder how many of them feel that the change has actually been made "to help investors in their data analysis and usage."?
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Post by coolrunning on Jul 6, 2020 7:01:32 GMT
Thanks for the input
My analysis programs are broken so an extra thanks for how they could be made to work and where they cannot be made to work.
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parisingoc
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Post by parisingoc on Jul 17, 2020 14:17:03 GMT
Thanks for the input
My analysis programs are broken so an extra thanks for how they could be made to work and where they cannot be made to work.
Hi. Sorry for the delay - been in hospital and am now in enforced total relaxation, so it's been a few days . . . Regarding the analysis, I find Excel is not enough to do semi-automated data management, particularly when using multiple sources, so have long been a fan of the "RapidMiner" data mining tool. In particular, see if you can find a copy of RapidMiner Studio 5.3, which I believe was the last release on free download that had full functionality with no limits. Since 5.3 I believe they have introduced a limit to the number of data items or processes that require you to purchase the extra capacity. It's effectively a visual sand pit where you can pick various input, transformation, analysis and output functions from a long list of the same and then connect them together to create a process flow that produces outputs that may or may not match your intentions  . I'm no expert (I did set up a data maining team for a single department in a large bank - but that was over 20 years ago!) but, with a bit of brain-hurty effort, I have been able to get it to produce what I needed. My latest iteration selects all the loans that meet my basic criteria, then back-tracks and picks up any associated loans (thus providing a borrower history) plus any associated data from my existing book (in Excel), re-writes some fields to better formats of content and then exports the output in my preferred output. To process the whole loan book as above takes about 1 minute 20 seconds on my old dual-core XP machine. I then use Excel 2000 (I know!) to keep track of my loan book, including all purchases and sales/outcomes, about 4500 entries. Hope this helps.
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. I'm no expert (I did set up a data maining team for a single department in a large bank - but that was over 20 years ago!) but, with a bit of brain-hurty effort, I have been able to get it to produce what I needed.