huxs
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Post by huxs on Mar 3, 2016 13:44:18 GMT
Does anyone know if there is a way to see what the latest information on the late / defaulted loans. I know unbolted send emails out but it would be nice to be able to see via the website what's the latest by loan with the recovery.
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Post by webbski9 on Mar 3, 2016 13:53:05 GMT
Good point Sir
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jonno
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Post by jonno on Mar 4, 2016 14:46:49 GMT
Does anyone know if there is a way to see what the latest information on the late / defaulted loans. I know unbolted send emails out but it would be nice to be able to see via the website what's the latest by loan with the recovery. I've contacted Ashwin via the site to ask him to consider having a tab showing all defaults along with their current status and progress to date etc. He has promised to get it set up asap.
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huxs
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Post by huxs on Mar 4, 2016 15:37:25 GMT
Does anyone know if there is a way to see what the latest information on the late / defaulted loans. I know unbolted send emails out but it would be nice to be able to see via the website what's the latest by loan with the recovery. I've contacted Ashwin via the site to ask him to consider having a tab showing all defaults along with their current status and progress to date etc. He has promised to get it set up asap. Thanks jonno I was going to do that but found that the online chat has been removed from the site (at least it seems to have for me) and then got distracted.
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jonno
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Post by jonno on Mar 30, 2016 10:26:09 GMT
I've contacted Ashwin via the site to ask him to consider having a tab showing all defaults along with their current status and progress to date etc. He has promised to get it set up asap. Thanks jonno I was going to do that but found that the online chat has been removed from the site (at least it seems to have for me) and then got distracted. huxs; overdue loans tab is now available under the "Loan Portfolio" header. Gives full list along with current status of action and potential repayment dates
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ben
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Post by ben on Mar 30, 2016 11:43:54 GMT
that was a bit of an anti-climax thought would have a little look and see what was overdue but seems a bit empty
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jonno
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Post by jonno on Mar 30, 2016 11:51:06 GMT
that was a bit of an anti-climax thought would have a little look and see what was overdue but seems a bit empty It's listing 12 overdue loans. That's a comprehensive list AFAIK.
Are you looking in the right place?
Unless it only lists those loans that we have a stake in. In which case I've got (all) 12 and you've got none?
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stevio
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Post by stevio on Mar 30, 2016 12:26:08 GMT
that was a bit of an anti-climax thought would have a little look and see what was overdue but seems a bit empty It's listing 12 overdue loans. That's a comprehensive list AFAIK.
Are you looking in the right place?
Unless it only lists those loans that we have a stake in. In which case I've got (all) 12 and you've got none?
12 out of how many loans made so far?
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ben
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Post by ben on Mar 30, 2016 12:32:27 GMT
jonno I see the loan reference due date and update but nothing under it, this could be as they have not finished updating it or it could just show loans you are in, are you in all those 12 loans?
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jonno
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Post by jonno on Mar 30, 2016 12:53:13 GMT
It's listing 12 overdue loans. That's a comprehensive list AFAIK.
Are you looking in the right place?
Unless it only lists those loans that we have a stake in. In which case I've got (all) 12 and you've got none?
12 out of how many loans made so far? I'm currently in around 180. Of course many more loans have been repaid and closed, so currently it's a small proportion. I think @ashwin did provide some stats a while ago; maybe he could update them?
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jonno
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Post by jonno on Mar 30, 2016 12:57:02 GMT
jonno I see the loan reference due date and update but nothing under it, this could be as they have not finished updating it or it could just show loans you are in, are you in all those 12 loans?
Hi ben. Yes I am in all 12 and in effect they are the loans at the bottom of my loan listing. I'll ask Ashwin for some clarification and post back here.
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jonno
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Post by jonno on Mar 30, 2016 13:11:02 GMT
Hi ben & stevio; I've just spoken to Rito on the platform who has confirmed that it only shows those overdue loans in which you've invested. So I guess that makes me really special and you really lucky
He also said that they're working on listing all loans that have ever been listed on the platform.
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ben
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Post by ben on Mar 30, 2016 13:49:26 GMT
That's ok you can keep them, to be fair I have had a fair few pay back early so I would think the provision fund must have a bit in it, hopefully enough to cover you. Although I sure I have some art work heading to that section at a rather high speed
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stevio
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Post by stevio on Jun 1, 2016 19:34:56 GMT
Anybody care to share their experience of the platform?
In particular the general rates, level of defaults, amounts can get invested etc
Thanks
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ben
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Post by ben on Jun 1, 2016 20:07:28 GMT
At the moment this is probably my favourite pawn site (although have far more in FS).
The rates are a bit lower then FS but it has a provision fund (you get some each month and a bit goes into provision fund each month). which hopes to cover any losses if it stands upto the test we will see.
There is probably about 15 loans plus a week at moment and has autoinvest which makes investing quite easy. A lot of loans seem to pay back part during the loan too which is always good.
My average is about 9.4% so not as high as some other sites but still not to bad and if the provision fund does it job should be similar to other sites.
As with amounts I have not put big money in to this one yet but have a low 4 figure sum invested fairly easily and could have invested far more if wanted as quite often amounts avaliable to but that have not been auto invested.
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