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Post by nesako on Apr 7, 2017 8:32:56 GMT
OK, so I am now almost a month in trailing robo.cash and so far I have one investment with early repayment and all other investments are late - I mean none of them paid back in time  bad luck? who knows, will have to wait and see what happens next month... |
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p40l0m4r
Member of DD Central
Posts: 63 
Likes: 16
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Post by p40l0m4r on Apr 7, 2017 8:43:53 GMT
Got the same month of datas, but I've a better situation. 10 loans in delay against more or less 30 payed in time.
But I'm TOTALLY avoiding spanish loans
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Post by Deleted on Apr 7, 2017 15:17:50 GMT
My investments Stats :
Current 59%
1-15 days late 41%
16-30 days late 0%
I've also avoided Spanish loans completely.
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kulerucket
Member of DD Central
Posts: 336
Likes: 93
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Post by kulerucket on Apr 7, 2017 17:42:56 GMT
Current 20%
1-15 days late 80%
16-30 days late 0%
I didn't omit any countries but only KZ ones were picked up.
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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 Apr 7, 2017 17:48:52 GMT
The country option seems to be greyed out in my portfolios. I don't think anything other than Kz are offered.
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Post by gmaxkenny on Apr 7, 2017 20:59:21 GMT
The country option seems to be greyed out in my portfolios. I don't think anything other than Kz are offered. If you click on the greyed out "issue loans only for selected countries" the 3 countries appear although I have not seen Spanish or Russian loans so far either.
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Post by nesako on Apr 10, 2017 10:55:58 GMT
Did any of you guys already had any of the loans bough back under the Guarantee? Was it prompt on the 31st day, all interest for loan period + 30 days paid? Reason I am asking is that I got some spare cash at the moment, but did not want to put any more here without making sure Buyback works OK.
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Post by D. Antav on Apr 11, 2017 11:49:37 GMT
Got the same month of datas, but I've a better situation. 10 loans in delay against more or less 30 payed in time. But I'm TOTALLY avoiding spanish loans Its right. Im spanish and you must avoid these loans if you want to avoid problems
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Post by derwasser on Apr 18, 2017 1:51:09 GMT
When are registrations going to open for corporate accounts?
I remember April was target date.
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p40l0m4r
Member of DD Central
Posts: 63
Likes: 16
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Post by p40l0m4r on Apr 21, 2017 10:23:10 GMT
After 40 days of small investments, my situation is:
Closed 46%
Current 7%
1-15 days late 38%
16-30 days late 9%
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Post by Deleted on Apr 28, 2017 7:43:14 GMT
My investments Stats : Current 59% 1-15 days late 41% 16-30 days late 0% I've also avoided Spanish loans completely. Update : Current 44% 1-15 days late 21% 16-30 days late 35%
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Post by nesako on Apr 28, 2017 8:17:40 GMT
I have added couple of hundred of new money in to see what will happen after 15 days once these new loans are supposed to pay back, at the moment all my "Current" loans are brand new, so cannot be included to stats... will report back in 2 weeks. In general, seems like way over half of all loans get delayed, pretty much would be a disastrous money loss if RoboCash one day just stopped BuyBack offer. If it was not part of the strong group of companies, I would be probably already winding down...
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Post by gmaxkenny on Apr 28, 2017 10:31:46 GMT
I wrote to support a few days ago and was told that buyback kicks in after 60 days. So far none of my loans have reached that figure. The percentage of my loans 1-15 and 16-30 days overdue is about the same as Twino.
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Post by Deleted on Apr 28, 2017 11:52:54 GMT
I've also written to support asking what percent of loans had to be paid for by RoboCash under "BuyBack" as I think over 50% delay may not be sustainable for long time.
My twino portfolio even B/C rated loans seems to be doing far better than RoboCash so far.
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kulerucket
Member of DD Central
Posts: 336
Likes: 93
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Post by kulerucket on Apr 28, 2017 21:25:51 GMT
I wrote to support a few days ago and was told that buyback kicks in after 60 days. So far none of my loans have reached that figure. The percentage of my loans 1-15 and 16-30 days overdue is about the same as Twino. That's odd. Their FAQ and assignment agreements say 30 days: What are the guarantees of buyback?
Investments always involve risk, but we’re providing loans with repayment guarantee and remuneration repayment and envisage the possibility of liability buyout from the investor in case of delayed repayment for more than 30 days.
If the borrower delays payment, we will buy the investor's share of the purchase price (at cost) and will pay all the interest due.And each assignment agreement states: 1.3. In instance where the Borrower delays the Loan repayment (or its part in accordance with conditions of the Loan Agreement) for more than 30 (thirty) calendar days, ROBOCASH undertakes to repurchase the Claim purchased by the Assignee in accordance with conditions of the Assignment Agreement and to transfer to the Assignee’s Investor’s) Virtual account the amount equal to the sum of remaining principal amount of the Claim and accrued outstanding interest calculated in accordance with the Interest rate.
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bad luck? who knows, will have to wait and see what happens next month...
