benaj
Member of DD Central
Posts: 4,857
Likes: 1,591
|
Post by benaj on Mar 6, 2020 8:49:31 GMT
|
|
|
Post by geldregiertdiewelt on Mar 6, 2020 21:11:17 GMT
could be strengthening of brands, to survive the sure coming wave of regulation and consolidation
Peachy of UK is going out of business
|
|
|
Post by geldregiertdiewelt on Mar 14, 2020 18:57:20 GMT
Secondary Market is ballooning, right now 1,238,212 loans available.
My guess: people want to have cash to put into stocks and ETFs asap, nobody want's to miss the rebound party.
|
|
|
Post by amoult on Mar 25, 2020 13:07:49 GMT
explorep2p I hope you update the scoring page now that Varks, Sebo, Dinero, Metrokredit, and Lendo are rolled up under Finko brand. I have invested in Varks loans and to my understanding loan originator legal structures remains separate for each of the above mentioned originators. Still I have this nagging feeling that if the old Metrokredit defaults can it elevate the risks of Finko Armenian operations (old Varks)? I.e. is there now some group level obligations that were not there before? I removed Finko from my autoinvest. Now I'm pondering should I sell those varks loans as I clearly don't understand well enough this new structure. Yep. Followed my gut feeling and got out of these as I did not understood why they changed their operations. " According to the announcement of the Central Bank of Armenia, the license for the business of the lending company United Credit Joint Stock Company, represented by a brand name Varks, is revoked. " Source: blog.mintos.com/varks-licence-revoked-in-armenia/
|
|
fric
Member of DD Central
Posts: 199
Likes: 79
|
Post by fric on Mar 26, 2020 7:30:18 GMT
explorep2p I hope you update the scoring page now that Varks, Sebo, Dinero, Metrokredit, and Lendo are rolled up under Finko brand. I have invested in Varks loans and to my understanding loan originator legal structures remains separate for each of the above mentioned originators. Still I have this nagging feeling that if the old Metrokredit defaults can it elevate the risks of Finko Armenian operations (old Varks)? I.e. is there now some group level obligations that were not there before? I removed Finko from my autoinvest. Now I'm pondering should I sell those varks loans as I clearly don't understand well enough this new structure. Yep. Followed my gut feeling and got out of these as I did not understood why they changed their operations. " According to the announcement of the Central Bank of Armenia, the license for the business of the lending company United Credit Joint Stock Company, represented by a brand name Varks, is revoked. " Source: blog.mintos.com/varks-licence-revoked-in-armenia/Add covid-19, recession - yeah, its gonna get rough...
|
|
|
Post by geldregiertdiewelt on Apr 6, 2020 20:16:59 GMT
|
|
|
Post by geldregiertdiewelt on May 1, 2020 10:06:38 GMT
GetBucks Botswana and Zambia, ExpressCredit Zambia... Mintos investors now taking hits from LOs operating in Africa
and just 44.8 Mio EUR loans brokered on Mintos in April; it was >300 Mio three Months ago
|
|
|
Post by geldregiertdiewelt on May 19, 2020 20:26:15 GMT
|
|
Sr. Lobo
Member of DD Central
Posts: 63
Likes: 17
|
Post by Sr. Lobo on May 20, 2020 17:24:43 GMT
Yeah. And what about pending payments lasting more that 2 months not being defaulted? What a great representation of a different reality!
|
|
|
Post by geldregiertdiewelt on May 22, 2020 8:11:53 GMT
More usability improvments today in Auto Invest and Portfolio presentations.
But yes: also a new record in Pending Payments, it's almost 7% of my account. Let's keep fingers crossed.
|
|
|
Post by geldregiertdiewelt on Jul 21, 2020 21:55:01 GMT
Uuuups. All my Aforti loans in the 60+ bucket just disappeared, went into pending payments. Bug or major breakthrough, that's the question here!
|
|
|
Post by geldregiertdiewelt on Aug 7, 2020 20:21:12 GMT
Mintos forwards Capital Service's proposal for loan repayment: "...The Capital Service proposal for Mintos investors suggests a 40% reduction of the existing amount of debt that’s due to investors. According to this proposal, the remaining amount would be repaid over a period of 8 years, with the first 2 years being a grace period. ..." Mintos recommends to decline and has programmed an easy way to do so. Well done, this time
|
|
JamesFrance
Member of DD Central
Port Grimaud 1974
Posts: 1,317
Likes: 893
|
Post by JamesFrance on Aug 10, 2020 14:16:02 GMT
This blog post makes interesting reading:
|
|
|
Post by geldregiertdiewelt on Aug 11, 2020 10:59:16 GMT
Thank you for pointing us at this interesting blogpost.
It's another very thorough demonstration that there is no >10%-free-lunch for investors, because such return rates without risk just don't exist on this planet. Given that, and watching what happened over the last months, I have arrived at the conclusion that platforms operated directly by an LO (e.g. Bondora, Lendermarket, Peerberry, Moncera) are the better choice in terms of transparency and accountability. Of course also in no way risk free, but diversifying across them seems to be the better alternative to diversifying across Mintos LOs.
One more comment about Mintos LOs: Mintos themselves as well as ExploreP2P have still to adjust their Wowwo ratings to the fact that the Turkish Lira is going down at record speed.
|
|
|
Post by geldregiertdiewelt on Aug 13, 2020 6:01:29 GMT
Mintos has skipped last weeks update on suspended and defaulted lending companies and recovery of funds. As of the time of this post, the last update on the website is still from Jul 31.!!
|
|