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Post by oneguy on Oct 17, 2016 9:58:05 GMT
Joined the service a month ago. I put in 30 000 EUR spread out to 1-month buyback loans through autoinvest. After a month 30% of the loans are delayed. That is a lot of risk for the platform.
What about your experience and status with the delayed buybacks?
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Post by bkracan on Oct 18, 2016 6:04:24 GMT
Current: 74,53% Extended: 12,43% Delayed: 13,04%
Remaining: 1-3 months 0,34% 4-11 months: 58,29% 12+ months: 41,37%
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jimc99
Member of DD Central
Posts: 284
Likes: 115
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Post by jimc99 on Oct 18, 2016 7:50:43 GMT
Current 52% Extended 23% Delayed 25%
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Post by silverporka on Oct 18, 2016 8:45:06 GMT
Current 57.26 % Extended 24.99 % Delayed 17.75 % Yes the performance is poor. But remember these are very high APR loans. That's why the performance is poor, because the credit risk is high. You just have to hope that Twino is making enough in APR to cover their losses. Strangely enough, I bought some non-guaranteed loans (30-40% interest rates) a few months ago and they are all current at moment (famous last words)....
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Post by yoica on Oct 18, 2016 9:32:56 GMT
Current 54.52%
Extended 28.50%
Delayed 16.97%
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Post by blahetal on Oct 18, 2016 12:25:19 GMT
Current
59.09 %
Extended
23.85 %
Delayed
17.06 %
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Post by red_panda on Oct 18, 2016 14:19:34 GMT
Current 48.83 % Extended 29.20 % Delayed 21.97 %
I'm only in loans with a buy-back guarantee, either way, less than half of them being current is not really a great stat.
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Post by firefly777 on Oct 19, 2016 8:37:23 GMT
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Post by piotrr on Oct 19, 2016 10:19:33 GMT
After 2.5 months: Current 64.53 %
Extended 0.00 %
Delayed 35.47 %
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Post by rahafoorum on Oct 26, 2016 10:24:16 GMT
Take into consideration that in most cases these are something like payday loans, few hundred EUR a piece and very short duration. In other words, a) the default rates are probably quite high, b) the interest rates and APRs are definitely very high (in some cases likely 200%+) and c) you should be calculating that rate based on whole portfolio, not a snapshot.
Let's say you invested that €30,000 into 1-month loans, after 1 month, all of the performing loans have ended and are out of your portfolio, but the overdue ones are still there. So without reinvestment, you'd have close to 100% of loans in delay (minus some extended), because all performing ones have been repaid.
In other words, a snapshot doesn't tell too much of the actual rate from totals.
Hopefully Twino will at one point start showing the default rates as well (including for the buyback loans), but we'll see.
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giovax
New Member
The biggest force of universe is compounded return.
Posts: 2
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Post by giovax on Oct 26, 2016 21:14:10 GMT
I agree, quite a few delayed.
Current 52.25 % Extended 44.29 % Delayed 3.46 %
I am invested in one month loans for about 1kE all high ARP. I hope as well they will show the default rate soon.
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Post by perpetualtraveler on Nov 2, 2016 11:59:18 GMT
Current 70.17 %
Extended 5.62 %
Delayed 24.21 %
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Post by karloshi on Nov 2, 2016 17:44:40 GMT
mine are all buybacks and are split Current 33.91 % Extended 36.05 % Delayed 30.04 % I agree with the comments by rahafoorum. I'm not too concerned as they charge the borrower quite a high rate and we only get a small piece. The losses, while high should be covered by the few loans that do repay.
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