james
Posts: 2,205
Likes: 955
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Post by james on Nov 22, 2015 4:36:25 GMT
A loan that Bondora said was due to criminal activity has had an update that is only visible on the secondary market, not in the loan information screen shown normally to lenders, where such information was removed some months ago. An individual confessed to the crime and judgement in favour of Bondora was awarded for the amount of the loan. Those who have a Bondora account, only, can see more details by expanding one of the secondary market entries available here. The details include the name of the person who confessed to the crime and what look like case number identifiers for anyone who wants to look up the rest of the case history. If I read the summary correctly, a 55 year old woman impersonated a 27 year old woman. Too soon to say whether there will be any recovery even with a judgement against the person who did it. |
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Post by coolrunning on Nov 22, 2015 9:17:32 GMT
Well spotted.
Although I do not recommend buying the loan.
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Rob
Posts: 138 
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Post by Rob on Nov 22, 2015 9:38:21 GMT
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Post by bracknellboy on Nov 22, 2015 11:55:54 GMT
More worrying is if you look into the loan application, it is a 27 year old female with over 25 years work experience!! Good on her parents, inculcating a decent work ethic from a young age. What was her vocation by the way - chimney sweep ?
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james
Posts: 2,205
Likes: 955
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Post by james on Nov 22, 2015 12:31:10 GMT
Well spotted. ... Although I do not recommend buying the loan. Since Bondora removed the information from the main lender information page I have adopted the practice of always checking the resale page's details so I can see these things. Before I list for sale if there are any existing offers. I miss doing it sometimes but it often reveals useful information about things like job losses and new jobs that can affect the price to use. Or sometimes statements by the borrower that they intend to pay by a set date. One recent one I looked at had a comment by the borrower that they were on a "payment holiday" when all it looked like to a lender is many months of no payments with no reason given other than it appearing to be interest only with no payments being made. That one was due to job loss, also only known to those who read the secondary market page information. I used to have an offer to sell this loan at a discount of about 50%. Now I will wait a while to see what happens next. My "favourite" loan I have for sale at the moment is for a borrower who became bankrupt a year or so ago. Of course that information is only available in the secondary market information. It's pretty bad when to find out the proper state of one of your loans you have to first put it up for sale if nobody else has done that first. At least a 40% premium is available so it probably will not sell while you are checking...
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Post by coolrunning on Dec 4, 2015 9:55:46 GMT
This one (BO4524213) caught my eye in the primary market, E rated: Net salary: 797€ Pension: 0€ Child benefit: 0€ Social benefits: 0€ Parental leave: 0€ Alimony: 0€ Other income: 0€ Monthly net income: 797€ Loan liabilities without mortgage: 824€ Mortgage: 188€ New loan monthly payment: 165€ Other liabilities: 250€ Data verified: Income and expenses verified Liabilities after refinancing: 1427€ Discretionary income: 194.14€ Debt to income ratio: 20.69%  By my calculation, Discretionary income = 797€ - 1427€ !  It is on sale now - hurry! |
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blender
Member of DD Central
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Post by blender on Dec 4, 2015 11:06:14 GMT
This one (BO4524213) caught my eye in the primary market, E rated: ... By my calculation, Discretionary income = 797€ - 1427€ ! It is on sale now - hurry! Perhaps loan repayments are discretionary? I don't think that Barndoor is for me.
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