jay
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Post by jay on Sept 1, 2016 3:04:34 GMT
Ah yes I do so love reading fairy tales. Which reminds me I must read Pinocchio again soon. Couldnt say it better!
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jay
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Post by jay on Sept 1, 2016 2:59:28 GMT
A reminder to all that though you are free to criticise any any platform you need to be polite and constructive whilst doing so.
RM Well usually i would agree, but say for a completely unrelated example some thugs mugged you in the street, in another encounter ,would you be polite and constructive with the gentlemen?Admit it , you might even slur a bit too. They closed their own forums due to high level of negativity, as the experience with bondora for many of us was an utter disaster.Now they send someone to do some PR here , unsurprisingly the welcome is a bit cold. Lot of money was wasted i still have around 1500 euros frozen in time there since 2014 , with barely any repayments and of course not considered as write off either. To add a cherry on the cake there's now collection fees if ever, once a blue moon ,some of the friendly and honest loaners are in mood to repay a little bit. AH for the constructive part, beware new naive(i was once too) investors, be extremely careful with p2p lending.
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jay
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Post by jay on Jun 28, 2016 18:37:20 GMT
I received a post from Bondora today, which says: All countries (Estonia, Spain, Finland) have been profitable since introduction of Bondora Rating in January 2015 Returns in Estonia have been steady, whilst returns in Finnish and Spanish loans have been continuously increasing and have caught up with Estonia by now Most of our country-grade segments (other than B, C and D rating in Spain before 2nd generation of Bondora Rating) have produced returns in line or above the expected return Do you agree? No , not for me, the spain loans in default are still in default with next to nothing repaid more than 2 years later, the few finland loans i have ,same. Of course they dont speak about slovakia with its 90% default rate. At least theres more details about collection on the datasheet, but the results is the same a big loss of money. This mail is another opportunity to warn the new candid investor(i once was too) who may find this board. Be extremely carefull if you really want to invest with bondora. Profitable ? Hell no i wont even get back the initial sum i invested.
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jay
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Post by jay on Apr 29, 2016 0:45:46 GMT
I have started to invest with Bondora 2 months ago, not a big amount (5 K). It's invested in 330 loans mainly bought on the secondary market. I only bought loans with debt/income < 35 %, credit history 1000, income and expenses verified, final maturity < 36 months. The max premium i am ready to pay is 5 %. Currently i have a loss of 180 Eur because of the premiums paid. I hope to wipe out the loss with the interest payments over the nex months. We will see. What i learned already is that Estate Guru is maybe 5 % of the time spent on Bondora. This means also that the return on Bondora must be significanly higher, otherwise it's not worse the time spent. Time will tell... You will be sorely disapointed . Well at least you had warnings, many of them.. I wish i had some before investing there, the interest does not cover the losses.
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jay
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Post by jay on Apr 13, 2016 0:57:53 GMT
Taking strictly estonian loans wasnt possible last time i checked, now maybe they changed their mind. I am not touching the new portfolio , not even bothering to check. As for the recovery 2 years later spain, slovakia , still at stage 1 with nothing at all recovered. Even if theres some miraculous recovery i bet it will just cover the new DCA fee. Frankly any blog putting them on positive light had probably been bribed, i really have nothing positive to say about them.
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jay
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Post by jay on Apr 12, 2016 2:14:11 GMT
Not long ago bondora used to provide us with a more clear overview of the status of ours loans. So today I made my own pie chart and the defaulted loans are "out of charts". I wonder if it just me, or you guys are also having this huge amount of defaults. When i was still investing i had huge amounts of default too, on 5000 invested ,after 2 years 1500 complete loss and 700 interest only or so.So the chart should be similar. I think you wont get much answers as the truth is most people are probably sick of it and just let the portfolio run down, its also hard to admit you had losses and that you were scammed. I can only tell to new users to stay away from that like plague....
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jay
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Post by jay on Feb 1, 2016 21:36:18 GMT
Is this for real? " Bondora is our digital spokesperson. She is convinced that all people are by nature good and honest and deserve more trust in organizing their lives. Therefore, she is devotedly against the banks. She thinks that ordinary people don’t need banks – these were only invented to enslave people and earn gigantic profit." Well... when i discovered bondora it was by reading an article in the economist, i thought i was investing money in a P2P platform.But i was wrong ! My personal experience leads me to think all of this was just an elaborate faery tale , the 20% return rate ,while in fact on 5500 euro invested i lost 800 the default magically disapearing from the expecting income calculations. Partel is definitively a wonderfull story teller, unfortunatly the journey to the mythic magic realms of slovakia and spain and its good and honest denizens left me with 90% and 60% default rate .... At the end i bet it's aslikely to get the bailiff collect some money than to find the pot of gold at the the rainbow's end .
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jay
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Post by jay on Jan 12, 2016 17:05:31 GMT
Can't think why Bondora directed people to the Wiseclerk forum when hardly anyone uses the Bondora section there. I did think that maybe they had an arrangement with them where they would upload all the previous content from the Bondora forum. But no - that is lost forever!! Another way to try and eradicate all negativity about Bondora. But I see that coolrunning has directed anyone looking on that forum to here Wiseclerk blog always been very positive towards bondora, extraordinarily positive . Makes sense they would like people to see that page instead of lets say oktaeder's blog or this forum.You know the evil misleading bloggers, conspiracy theorists and spammers. What am i speaking about ? All is not lost forever . This is the last statement from partel on the official bondora forum, worth keeping for posterity: "Guys, try to be less of conspiracy theorists. Blog comments are not closed - the comment function closes automatically after 14 days to ensure that responses are dealt with and discussions stays on topic. Every new post will have comments open for 14 days. In terms of the forum - the number of people posting here has dropped to very low figures with most active users not being customers for many years now. There is no point for us to keep open a channel that is full of misinformation, spam, intentional misleading posts by some bloggers etc. The amount of work keeping this clean is incredible unless we would moderate every single post. Yet again other customers come here and think this is an official channel with official information - but reading through the posts its very hard to pick up many facts that are actually valid. Instead we will focus, as the email said, on the blog and allow the forum to be picked up by sites that actually run forums actively. Please just enjoy the last day of the forum, try not see evil in anything we do and set up your account with either Wiseclerk or any other forums people have marketed above."
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jay
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Post by jay on Jan 6, 2016 20:39:01 GMT
Ah i am sorry about that, but theres just too many reasons to complain about bondora ,the experience with them was appaling . So yes it gives the board more traffic and deny visibility to some honest platforms . First post i made on this board was about default rates, and those have not improved despite bondora trying their best to hide them. And here am i going at it again Does their claim about now being in profit in all markets stand up do you know? I cant tell, i have no recent loans since months. I completely stopped investing when they introduced the new portfolio to brute force the new markets unto unsuspecting customers. So maybe the new loans are wonderful , who knows, but i dont see any reasons to give them the benefits of the doubt. All i got left is some old estonian loans still paying around 1000 euros, i only managed to sell the best ones. 1400 euro mix of estonian , spanish and slovakian and finnish loans in 60+ defaults. However here's what my main page looks like: So i guess they think i am completely retarded....16.51% return with more than half the portfolio made of 60+ default and no recoveryto be seen , sure.. lets believe that. Well no recovery.. to be fair I recovered a few dozens of euros on the estonian ones and still nothing on 2year old spanish defaulted. A few reimbursed nothing at all and are still at stage 1. All of this, its just a complete joke.
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jay
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Post by jay on Jan 6, 2016 16:40:39 GMT
Given latest lending stats ( link) I wonder whether it is time for the mods to demote Bondora from the main page here and promote Mintos instead? Platform size is not a consideration. Otherwise the likes of Zopa would be on the front page. On the other hand, if you lot stop posting on the Bondora board then perhaps another contender would knock if off the main page.......... Ah i am sorry about that, but theres just too many reasons to complain about bondora ,the experience with them was appaling . So yes it gives the board more traffic and deny visibility to some honest platforms . First post i made on this board was about default rates, and those have not improved despite bondora trying their best to hide them. And here am i going at it again
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jay
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Post by jay on Oct 12, 2015 22:13:14 GMT
Legal? probably not but paying a lawyer and starting a legal dispute will be a lot more expensive than the total amount of my portfolio...Not to mention the dispute will be solved years later after bondora's inevitable bankruptcy. This change can only be for the best since bondora self collection was close to zero already.It cant become any worse. Wish i knew before hand that FCA regulation is a complete joke .
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jay
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Post by jay on Jul 22, 2015 17:16:33 GMT
Keep in mind ABC does not mean they will repay , i have a fair share of ABC in late payment , and 200 euros on a C loan 60+ day default (home own estonian). Also those were loans i took last year, theres no guarantee today estonian loans are as good . In overall , from my experience money sitting int he bank would have been a better idea than coming here....So yes you were right to not go crazy.
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jay
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Post by jay on Jul 17, 2015 11:48:24 GMT
Well at least as long there's new lenders ,the platform might live till my few good loans are repaid . No doubt they will expand even more and flood it with poor quality loans there's no reasons to think otherwise. As for diving blindly, I discovered the site by reading the economist, and some blog especially wiseclerk one convinced me to do so.Sounded serious company and a good idea , they have a fair share of responsability in this disaster and lured me to my demise....5000 euros invested 800 interest gained but 1500+ and growing default with no progress on recovery at all even if they do seems to make more calls to the debtors.
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jay
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Post by jay on Jun 2, 2015 18:48:49 GMT
So stuck with bondora indeed, withdrawing when I can and aggravating my ulcer each time I look at my "investements".
No your not. Mintos, for instance, has been mentioned twice. There are others, but I won't interrupt the Bondora-bashing by mentioning them. The returns on pret d'union are 3-6% not 3-4%. Exactly in line with the UK equivalents, apart from the UK sites lock your money in, whereas with pret d'union you can withdraw it when you want. 3-6% with capital risk i am afraid i'dtake 3.85% without any capital risks instead on a life insurance. That may seems better but its does not seems worth the trouble to me .Ill keep mintos in mind , feel free to interupt the bondora bashing, even the good things have to pause sometimes. I have plenty of time to do more of that later. When i read on their blog about this investor's utopia that is slovakia :https://www.bondora.com/blog/isepankur-loans-in-slovakia/ and the results is pretty much everything defaulted, they are giving me the stick to bash them.
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jay
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Post by jay on Jun 2, 2015 13:55:00 GMT
If you want some info about French P2P I can help you to not waste time and money . Pret d'union is indeed too low to consider, unilend i've read on my French forum about it, and the capital default is higher than the interest perceived for many people with zero hope of any recovery,risk of default getting higher each year of course . ....
What french forum please (sorry mods don't be too jealous...)? For sure, here's where unilend is discussed: www.devenir-rentier.fr/viewtopic.php?id=6382 Theres other topics about P2p , I remember yesterday I found an april 2014 post from a guy telling us the return of bondora weren't that good. Wish I had read it before.Not good is quite the understatement anyway, nothing could have prepared me to the disaster it is. So stuck with bondora indeed, withdrawing when I can and aggravating my ulcer each time I look at my "investements".
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