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Post by soereng on Apr 2, 2020 12:31:17 GMT
I highly recommend to join Telegram channel t.me/grupeersummary, people are already joining their activities to hire a law farm. As now withdrawals havent been processed by ~2 week, the "scam" option seems to be very likely, unfortunately, sadly...
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Post by soereng on Jan 24, 2020 22:20:51 GMT
As one has noticed, GEL loans are currently short on Mintos. Today I recieved a mail with the above message title, however the fee is still applied. And further to that, make sure you understand the rate of FX you are exchanging: I checked with xe.com and found that Mintos still applies a hefty >3% markup on the exchange rate between GEL/KZT for example. So although they claim to exchange at "mid market" - but without providing their exact source - you end up with a couple of months earning the fx rate markup before earning real interest for your portfolio. This however is nothing new, just wanted to mention it on top.
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Post by soereng on Nov 26, 2019 18:05:13 GMT
Just want to share my experience: I sold half of my loans on Viventor with Aforti Finance beeing the originator. It looks now as a kind of small "banking run" as the discounts are current rising to more then 20% right now. Furthermore for the remaining loans payments are nearly stopped in November, so I still assume the problem will not be resolved but likely goes into AF going bancrupt. However I think that some P2P platforms like Viventor and Mintos, having loans from Aforti, just don't want to go into this "blame game" and just don't want to declare a default event. Most likely then the almost obvious would become obvious...
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Post by soereng on Oct 26, 2019 17:42:46 GMT
I have got a response from Viventor's CEO, which I cannot disclose in full. However, it matches what other sources also reported. Aforti seems to struggle as a whole, so it is quite unsure if they recover without going into insolvency on my opinion. So it seems to be another unfortunate story of P2P originators going down in flames...
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Post by soereng on Oct 23, 2019 19:26:21 GMT
It looks now more worrying: At least in my portfolio I have several loans identified which are by far >60 days over and haven't received a single payment. As Viventor's recent statement is www.viventor.com/blog/update-regarding-aforti-finance-and-aforti-factor, it looks for me they are hiding some information - or lacking themselfs about Aforti Finance, which would be even worse. I have however contacted support and requested urgent updates about the situation, if payments are delayed that long, that's usually not a good sign, at least it does not point to "we have resolved all issues", which reads for me as a lie.
Should add, that although payments for loans from A.F. haven been received since July continously, they thinned out substantiously and went to zero about two weeks ago. Needless to say that now 100% of A.F.'s loans in my portfolio are in the overdue or even non-performing status.
I keep you updated.
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Post by soereng on Aug 27, 2019 18:16:12 GMT
As this site does not offer a forum for fellowfinance I sort of hijack this thread right now... ,-)) I noticed that the default rates in my portfolio were raising constantly over the recent months. With a lot of quite matured loans now (>1.5 years) August is the first month where paid interests are less then actual defaults, so my results for this month are negative first time. As FF is very restrictive with their whole loan portfolio I would be interested to see if matured loan portfolios in general tend to have much higher default rates or if this just changed in the recent months, regardless of loan age.
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Post by soereng on Jul 25, 2019 19:01:10 GMT
Hi Bilko,
my late experience is somewhat mixed, as I run two different portfolios. One with some older loans and one mainly invested in the recent 9 months. The thing is that the late and defaulted loans seem to have risen significantly in the recent month for the older portfolio. My overall performance is now somewhere in the range of 7~8% p.a. after defaults - which is okay but also puts EG in the range of many other P2P platforms. From the default numbers I would say they really need the extra people, so it's nothing the did in advance but for me it looks more they did it because they were forced by the credit quality. However, it's by far not that as in the "Lendy case" as I can now since some ~2 month see a stable rate of about 10% late loans for my matured/old portfolio.
Regards, Sören
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Post by soereng on Nov 29, 2016 22:33:50 GMT
Suddenly this morning I run into problems again. After contacting support a refresh of the authorization token solved the problem. For sure this is related to the server problems on the weekend. So just for the notes...
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Post by soereng on Nov 29, 2016 22:31:40 GMT
Received some response from the support:
So everything is good now as it works exactly as planned...
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Post by soereng on Nov 27, 2016 20:20:11 GMT
I just noticed that my daily reports run into an error, the authroisation token was not recognized. As I renew this every day (script) since >1 year this cannot be the problem. Renewing worked, but all reports run into problems. Anybody else...? Just wondering if this has something to do with the other investment report thread ...
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Post by soereng on Nov 26, 2016 20:29:58 GMT
And even "better":From date cannot be more then 1 year earlier as to date. So If you have an aged portfolio and want to get a full report you have to split it up now... I just cant believe they've done this sort of again. Reporte to support and this time cc: Partel, let's see what the response is... It is just bizarre: In www.bondora.com/blog/fintech-startups-will-replace-universal-banks/ Partel claims something that Fintechs will replace banks. But no bank I have been working with in the last 20 years behaves so unprofessional in terms of their technical infrastructure like these guys... Regards, Sören
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Post by soereng on Oct 30, 2016 10:28:38 GMT
But how did the API option work? Did it work regardless of primary market page? They say that the API will be still supported. As this is the only tool available to have a well defined, electronic access to reports and other functionality I suppose that won't kick it. Otherwise professional investors will be gone. Could be of course that they reduce bidding functionality from the API, but as somebody else said, there seems to be only little activity at all for the manual interface, so I can understand they kick it. Soeren
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Post by soereng on Sept 22, 2016 20:50:32 GMT
Also received some repayments and just created a complaint for the support. There are at least three issues with the writeoffs that really are annoying: - Write offs are calculated per loan, of course one would say...
- The ominous repayment nowbody knows about has a counterparty of "Bondora" in the accounts report - so impossible to say where the money comes from
- My numbers between the online cash report and the investments list are different. Guess what: The online version one normally uses shows lower write off numbers then the detailed investment report where I can see the allocation to a single loan
- Blog entry www.bondora.com/blog/bondoras-servicing-collection-recovery-process/ says that write offs are shown in the account report - this is not true.
So unfortunately one more data publishing issue on default loans @ Bondora ,-/
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Post by soereng on Aug 26, 2016 22:15:11 GMT
Just a heads up: I changed my json parsed and database and found that some fields may contain now "\n", e.g. I got some entries in the new field "AuctionName". This extra CR did cost me ~2 hours to find and fix as it screwed up my parsing script ,-// However, it might vary with your individual other solutions.
good night
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Post by soereng on Aug 26, 2016 18:58:49 GMT
Just noticed that another 14 columns have been added to the personal investments report. Sort of pitty about it, that Bondora still does not announce this but let import scripts/automated processes run into an error without notice....
.soeren.
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