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Post by adrvvv on Aug 9, 2017 10:35:08 GMT
We are more than happy to introduce to the community Iuvo Group (https://www.iuvo-group.com/en/). We are a peer-to-peer lending platform and we are operation across Europe for the last year. We offer prime investment conditions, like 100% buy-back guarantee on all listed loans, auto invest functionalities, great liquidity on the primary and secondary markets. We have more than 13 million EUR in listed loans on the platform, so far. More information you can find here: www.iuvo-group.com/en/statistics/#/p0=general_statistics_page;p2=undefined;lang=en_USWe offer our clients up to 15% return on investment per annum. If you want your money to work for you, Iuvo Group is the place to start, high returns, 100% guarantee on your deposits, great market liquidity. You just need to open account here:https://www.iuvo-group.com/en/registration/ Kind Regards, Iuvo Group Team www.iuvo-group.com |
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kulerucket
Member of DD Central
Posts: 336 
Likes: 93
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Post by kulerucket on Aug 15, 2017 20:21:42 GMT
The FAQ states that buyback loans are bought back "at nominal value". What does that mean exactly? Principal only or principal + accrued interest like most other platforms?
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Post by buttchopf23 on Aug 15, 2017 20:25:11 GMT
Nominal = principal
If bought back, no interest is paid (different to most other platforms). On the other hand if you buy a delayed loan and it is serviced by the borrower (not bought back) you get ALL the interest (not only for your holding period).
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kulerucket
Member of DD Central
Posts: 336
Likes: 93
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Post by kulerucket on Aug 15, 2017 20:49:03 GMT
Interesting difference. I would imagine that this platform is torture trying to work out the best strategy on when to give up on late loans and whether to buy overdue ones. Of course different per risk category and changing over time too. Sounds like a lot of work.
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Post by buttchopf23 on Aug 15, 2017 21:17:10 GMT
Somehow I think you'd like that challenge  lol |
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Post by kissmyjazz on Aug 15, 2017 23:50:54 GMT
Curiously the mail address they give on their website is incomplete, as the house number is missing. Also no Estonian phone number is provided.
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Post by buttchopf23 on Aug 16, 2017 5:24:19 GMT
They moved to Estonia legislation some months ago with their operations staying in Bulgaria I guess. This might be a reason for that
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Post by kissmyjazz on Aug 16, 2017 5:39:34 GMT
The cannot register their company without a valid address.
Besides their website says.
I will never trust a company that hides such important information.
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Post by southseacompany on Aug 16, 2017 5:59:15 GMT
All loans are in Bulgarian leva it seems. Since it is at a fixed rate to the euro, I assume you can deposit and invest in euro without "converting" it first?
I would imagine this is an obvious and common question, but it's not in the FAQ.
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Post by buttchopf23 on Aug 16, 2017 6:37:46 GMT
You can either invest in eur loans or bgn loans. No need for conversion kissmyjazz sure they have an adress there but I doubt there is any personel there |
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Post by southseacompany on Aug 16, 2017 8:02:04 GMT
Thanks for the information buttchopf23. They should have an official address so that you can mail them and serve legal documents in case you want to sue them. It doesn't have to be an office you can visit. |
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shimself
Member of DD Central
Posts: 2,556
Likes: 1,167
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Post by shimself on Aug 16, 2017 15:46:49 GMT
Who are vivacredit and easycredit (and any other originators)?
Can you post a link to your and their audited accounts please? Also some default rate info
It seems to me that all the loans on the PM and SM today are personal loans to people in Bulgaria, possibly without security.
Is that right?
Can you give us an idea of how recovery is done, and recovery rates please?
Thanks
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kulerucket
Member of DD Central
Posts: 336
Likes: 93
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Post by kulerucket on Aug 17, 2017 6:42:58 GMT
Curiously the mail address they give on their website is incomplete, as the house number is missing. Also no Estonian phone number is provided. According to Google Maps, it number 5 and inside a shopping complex. And the telephone number is there too. Strange they are not on their site.
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Post by buttchopf23 on Aug 17, 2017 6:50:16 GMT
I guess the adress is just a virtual office serviced by a provider. Pretty common in Estonia with their e-residency etc. I do not say this is a good thing.
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Post by adrvvv on Aug 17, 2017 14:03:41 GMT
Who are vivacredit and easycredit (and any other originators)? Can you post a link to your and their audited accounts please? Also some default rate info It seems to me that all the loans on the PM and SM today are personal loans to people in Bulgaria, possibly without security. Is that right? Can you give us an idea of how recovery is done, and recovery rates please? Thanks You can find the audited accounts of the two originators visit this page: www.iuvo-group.com/en/market/#/p0=primary_market_pub_page;p2=undefined;lang=en_USYou will find them at the bottom of the page as PDF files along side the presentations of the two companies. We are expecting a couple of new originators from different countries to join the platform by the end of the year. Yes, the loans are from Bulgaria, without security, but all of the come the 100% buy-back guarantee. Kind Regards, Iuvo Team
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lol