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Post by red_panda on May 17, 2017 16:52:19 GMT
I honestly don't remember the time now, but in my experience manual investments are sometimes the way to go as autoinvest seems to only run at certain preset times, which I wasn't able to figure out.
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Sr. Lobo
Member of DD Central
Posts: 63
Likes: 17
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Post by Sr. Lobo on May 17, 2017 17:20:25 GMT
I saw dozens of 12% PG loans with 5+month period yesterday and picked up a few myself, but yeah there are none at the moment. What time did you see them? Anyway, autoinvest is not picking anything and I have it set at 12% with a maximum of 24 months... Idle cash is piling up. There was lots of loans but 10% not 12%. Another important reason autoinvest set at 12% did not work.
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camron
P2P Blogger
Posts: 6
Likes: 3
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Post by camron on May 19, 2017 18:21:02 GMT
Anyone having funny business going on on their accounts aswell? I mean look at the term and look at the date when the loan was issued, and it's a BB loan: Are you sure that this loan has not been extended previously? They can extend a loan up to 6 times. Issuance > 1 month to payment > +6x extension aka 6 months more > last one goes to "delay" status = 8 months total from the issuance.
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Post by ekosusil on Jun 1, 2017 10:46:37 GMT
Looking at the statistics now, the defaulted loans is at 7% while the delayed loans at 15% also the sum of invested is now lower than previous months, is it time to worry now?
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Post by agentzero on Jun 3, 2017 17:17:20 GMT
Looking at the statistics now, the defaulted loans is at 7% while the delayed loans at 15% also the sum of invested is now lower than previous months, is it time to worry now? Oh, boy! You guys still don't know? kristapsmors.com/2017/05/18/would-i-invest-127k-eur-in-p2p-platforms-bondora-mintos-twino/I think that's why they changed BuyBack to PG. To hold repayments from bad loans. I withdrew about 50% of my money, another 50% still in the defaulted PG loans, which I can't sell. It's seems a ship is going down.
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gerben
New Member
Posts: 3
Likes: 1
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Post by gerben on Jun 5, 2017 12:43:36 GMT
Looking at the statistics now, the defaulted loans is at 7% while the delayed loans at 15% also the sum of invested is now lower than previous months, is it time to worry now? I think this is mostly due to the change from buyback to payback guarantee. Buyback guarantee loans cannot go into default, while payback guarantee loans can be listed as default (even though Twino continues to make the payments). Similarly with a buyback guarantee you get all your money back and have to reinvest it again, while with payment guarantee you get only a single term to reinvest.
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gerben
New Member
Posts: 3
Likes: 1
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Post by gerben on Jun 5, 2017 12:51:36 GMT
Also the amount of interest payed out in May was higher than in April so the amount of outstanding principal hasn't gone down.
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JamesFrance
Member of DD Central
Port Grimaud 1974
Posts: 1,317
Likes: 893
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Post by JamesFrance on Jun 5, 2017 13:10:27 GMT
I did activate Payment Guarantee loans when they started, because they seemed to be the only ones offering over 10%.
I stopped them because according to Twino 46.93% of them have now defaulted and another 28.34% are late.
It is very annoying that their withdrawal process is so slow. One I requested on 1st June was notified as withdrawn today the 5th but will not appear in my bank until tomorrow evening, so I lose a full week of interest before it can be invested.
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gerben
New Member
Posts: 3
Likes: 1
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Post by gerben on Jun 5, 2017 13:10:48 GMT
Looking at the statistics now, the defaulted loans is at 7% while the delayed loans at 15% also the sum of invested is now lower than previous months, is it time to worry now? Oh, boy! You guys still don't know? kristapsmors.com/2017/05/18/would-i-invest-127k-eur-in-p2p-platforms-bondora-mintos-twino/I think that's why they changed BuyBack to PG. To hold repayments from bad loans. I withdrew about 50% of my money, another 50% still in the defaulted PG loans, which I can't sell. It's seems a ship is going down. I couldn't find a source on the internet to confirm this so I mailed Twino and got the following reply:
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Post by oneguy on Jun 15, 2017 12:46:22 GMT
Not much activity with new "secured" BB or PG loans during recent weeks - just none available - what about you guys?
How are other platforms doing this time of the year in the same geographies?
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kulerucket
Member of DD Central
Posts: 336
Likes: 93
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Post by kulerucket on Jun 21, 2017 10:15:18 GMT
I get plenty, but only by logging in and getting them manually.
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Post by nellerdk on Jun 28, 2017 18:42:07 GMT
in relation to this link:
kristapsmors.com/2017/05/18/would-i-invest-127k-eur-in-p2p-platforms-bondora-mintos-twino/
he basically recommends Mintos, and not the other platforms. I would tend to agree.
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JamesFrance
Member of DD Central
Port Grimaud 1974
Posts: 1,317
Likes: 893
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Post by JamesFrance on Jun 30, 2017 8:07:13 GMT
This morning Friday I requested a withdrawal expecting it to be Monday or Tuesday before it was activated.
One hour later I received the email notification. Is this a Twino record?
I hope it is an improvement and not a mistake.
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kulerucket
Member of DD Central
Posts: 336
Likes: 93
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Post by kulerucket on Jun 30, 2017 8:17:55 GMT
I would rather they fixed the auto investor than the withdrawal system, then I wouldn't need to withdraw.
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Post by gmaxkenny on Jun 30, 2017 10:21:51 GMT
This morning Friday I requested a withdrawal expecting it to be Monday or Tuesday before it was activated. One hour later I received the email notification. Is this a Twino record? I hope it is an improvement and not a mistake. Lets hope they have turned over a new leaf as I regard slow withdrawal from a platform as a sign of cash flow problems and the main reason I am withdrawing from Twino. Now if they fix the auto invest problem and raise their rates for buy back loans (no interest in PG) I might even stay a while longer.
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