yacop
Posts: 68 
Likes: 42
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Post by yacop on May 4, 2016 15:57:16 GMT
I am more and more worried about write-offs. They are increasing at a astonishing rate.
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james
Posts: 2,205
Likes: 955
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Post by james on May 4, 2016 16:26:54 GMT
I am more and more worried about write-offs. They are increasing at a astonishing rate. Probably a better statement of true loan state than before when the money was gone but not recognised as gone. I welcome the increased use of the state as a better statement of facts. Sometimes there can be recovery for written off loans. Like Liilia20 98964 written off by Bondora on 2016-03-03 but made a payment on 2016-05-03. The only example I have seen so far in my loan book but there are so few written off loans in my loan book that I do not have a good sample size. For British lenders a written off state is also useful for tax because we are allowed to deduct the written off capital balance from our interest for income tax. Bondora does not do enough to help us with that so we must still do things like using time since last payment to work out which loans to claim for but write off is useful when it happens. Capiotal recovery is treated as interest after we make the tax claim.
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Post by gmaxkenny on May 4, 2016 17:31:50 GMT
Fear not Bondora investors Partel Tomberg has a "Master Plan". Just read this interview. Bondoras Plan PG For Money _ ArcticStartup.htm (58.51 KB) It seems he wants to go after the dastardly "Nordea Gang". I think Spectre might have been behind Bondora all along (sorry,watching too many Bond reruns on ITV at present) Any talk that he will be pictured in his next interview stroking a white cat have been have been described as "mere speculation" by his PA Oddjob. |
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Post by rahafoorum on May 4, 2016 18:15:23 GMT
I am more and more worried about write-offs. They are increasing at a astonishing rate. Adding the words there isn't really changing the results that much. I think it was pretty clear ages ago that there's a pretty decent F-up in ESP, SVK (especially) and partly perhaps FIN as well. This just shows that very smell steps are being taken by Bondora at least to begin accepting this fact. Someone might want to ask them to treat these loans as written off in the return and account value and profit calculations as well. I doubt you'll succeed in it, but if you do, perhaps we can start seeing some at least close to realistic figures finally. I mean, how can you write something off and still expect them to almost fully recover in a different calculation?
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Post by oktaeder on May 5, 2016 8:08:19 GMT
BO96451AA, spanish and in write off, repaid today prncipal, interests and most of penalities.
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JamesFrance
Member of DD Central
Port Grimaud 1974
Posts: 1,323
Likes: 897
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Post by JamesFrance on May 5, 2016 10:26:28 GMT
That loan was up to date with repayments until 28/01/2016 so a very recent default, maybe the write off was a mistake. Written off on 29/3 after collection 28/3. They really need to show a reason when they write off a loan, preferably by email to lenders.
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carlos
I'm short Bondora and long p2p.
Posts: 104
Likes: 21
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Post by carlos on May 5, 2016 11:44:31 GMT
BO96451AA, spanish and in write off, repaid today prncipal, interests and most of penalities. That is strange... I asked this question two weeks ago... Bondora support reply:
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Post by oktaeder on May 5, 2016 14:20:18 GMT
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JamesFrance
Member of DD Central
Port Grimaud 1974
Posts: 1,323
Likes: 897
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Post by JamesFrance on May 6, 2016 9:03:11 GMT
A day later and that Spanish borrower has just paid off the rest of the penalties in full.
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Post by rahafoorum on May 6, 2016 10:25:08 GMT
A day later and that Spanish borrower has just paid off the rest of the penalties in full. Criminals got a conscience? 
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jay
Posts: 46
Likes: 18
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Post by jay on Sept 13, 2016 1:52:14 GMT
well still no improvement, since last time i posted....
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. I don't believe in all they are telling me.