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Post by coolrunning on Jun 21, 2016 5:28:59 GMT
I have a loan from BO1943K7 which shows up as green (i.e. not overdue) but on examination shows up as overdue. Only by 1 day, but overdue.
When I search for current or overdue loans it does not appear.
It shows when I search by username.
Anyone else seeing anomalies?
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Post by coolrunning on Jun 21, 2016 7:25:35 GMT
1 hour later, the anomaly has gone.
In my accounts page the correcting payment is now present.
I imagine I must have been looking at a time when the various reports were out of sync.
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carlos
I'm short Bondora and long p2p.
Posts: 104
Likes: 21
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Post by carlos on Jun 21, 2016 21:15:07 GMT
There are lots of errors like this... I've found a loan that is current although it has zero principal outstanding. The fun part is that there is also "The loan outstanding principal of 0€ and ancillary claim of 0€ was rescheduled on 08/12/2015 with an interest rate of 24.7% p.a. " message attached )
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Post by rahafoorum on Jun 21, 2016 22:24:09 GMT
It's a total mess. I've seen some loans in default over a year with new schedule and shown as current (relatively recent case, not the 2012 stuff). A ton of the collection messages are insane mess where it's impossible to understand what has happened and some loans are sent to DCA after 7 day overdues, others aren't...
In addition some loans where DCA recovers the money, are still shown as overdue, even though the loan has recovered, but since DCA fees aren't shown, it shows as if some interest is overdue. In other words, people sell and buy those as overdue at relatively high discounts only (making my exit more difficult...) etc.
Not sure what any of the licenses actually do, but they're definitely not much use from investors' protection perspective or for making sure the data is actually correct. Bondora does use it as sales argument though on their latest landing page...
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carlos
I'm short Bondora and long p2p.
Posts: 104
Likes: 21
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Post by carlos on Jun 21, 2016 22:40:00 GMT
I agree...
I have also found bunch of loans showing overdue for more than 100 days (CurrentDebtDays field) without going into default... Crazy stuff...
I'd say many inconsistencies are due to B Secure which are probably still fixed only on casual basis (manually without any systematic approach on database consistency level) - remember that famous database update in December when people reported 25% day to day increase in defaults.
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miso
Posts: 25
Likes: 8
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Post by miso on Jun 22, 2016 6:55:27 GMT
You are not alone guys, I have loan marked as write off which is being paid on time without any delays. That's why the only parameter I am watching now is last payment...
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