Clara Sparse Windbreak wrote: » Unfortunately I have about 50% sitting not invested with RoboCash. Of the invested amount, 45% is 'over due'. :pac: What sort of returns did you make on Twino and Mintos if you don't mind me asking? The rates on Mintos were much better two years ago, as they were on Twino I believe? So I am interested to know what sort of returns you had over the two years. Edit: Viventor added a new loan originator - Kreditu Centras - loans currently available range from 9 to 11%, all appear to be 36 months only.
Clara Sparse Windbreak wrote: » Swaper have said they are working on adding a new loan originator but no time frame when we will see an increase in loans. Swaper continue to allow new investors, which is a shame. I have queried why they continue to allow new investors when they do not have enough loans. Still waiting on a response. I have already pulled funds and will pull more next week. As long as you understand the risk with P2P... you could lose your entire investment etc.. give ViaInvest or Viventor a try. Plenty of loans available on both. Grupeer as well. Grupeer is probably my best performing P2P platform. FastInvest is a new one I have recently signed up to trial. Instant buyback is a nice feature (without accrued interest).
pnecilcaser wrote: » That really is super advice, thank you for that. I have pulled the outstanding capital from Swaper now and might give Grupeer a try on your recommendation. Also agree that its a shame Swaper are accepting new investors with no product to offer them. I think I need to read more carefully around the terms and conditions of the "buyback" guarantees as they sound too good to be true. Want to find the devil in the details. No way it covers the risk.
Clara Sparse Windbreak wrote: » 10 years? :pac: Think it's a little shorter than that
littlevillage wrote: » Swiss Invoice Finance Marketplace Advanon Hit by Fraud Casehttps://www.p2p-banking.com/countries/switzerland-swiss-invoice-finance-marketplace-advanon-hit-by-fraud-case/ :-(
Green&Red wrote: » Complete noob, can someone please explain how it works? There may already be a post here that explains it but it all seemed to be people who knew what they were talking about I get the general concept of P2P lending its more the nuances of how it actually works. How are the interest rates set? How long are the terms of the loans? How easy is it to withdraw ur cash when you're ready? What happens if the borrower fails to repay? Thanks
Clara Sparse Windbreak wrote: » Looking at new p2p platforms, does anyone have any insights or experience with finbee?
littlevillage wrote: » My take on P2P lending. There's an old Poker playing idiom. "If you can't spot the sucker at the table, it's probably YOU" P2P creates the illusion the final end borrower is the sucker (ie. Paying huge interest for loans) ...the investor (me and you) assume we are on a winner because we are making 10% interest and our investment is 'guaranteed'. The reality is a little bit different. Yes, the end borrower is sort of the sucker, because they do pay high interest on their loans, a few 100% in some cases ....but a good number of those borrowers don't pay the loans back at all and still manage to get new loans again and again as the credit checks by Loan Originators seem to be deliberately loose. The investor of course is the REAL sucker. We are carrying all the risk for a measly 10%. The Originator is the winner, making multiples of that. They get cheap money from investors and get to invest that money at ridiculously high interest rates and ultimately don't have to worry if things go bad. (Just file for bankruptcy and off they go. reputational damage hardly bothers any Originator in our now 'virtual' world). My advice, don't invest what you can't afford to lose, don't get too greedy taking unecessary risks and be ready to pull out at a moment's notice.
Benildus wrote: » What about the buyback option?
scheister wrote: » Just looking on Robo cash. From 106 loans so far 25 have been bought back has they hit the 60 days. Seems a little high but from reading here late loans are very common on robocash
Clara Sparse Windbreak wrote: » The number of loans available on Mintos is reaching 250k, that is the total number of primary and secondary loans. I would have expected to see some movement in rates by now. A quick look at the Sep stats and it would appear Sep will be the second month in a row where we will see a decrease in value of loans funded.
Clara Sparse Windbreak wrote: » Varks, Sebo, Dinero etc.
Kuva wrote: » The ones either this guy or mintos themselves reckon you shouldn't give money to though...http://explorep2p.com/mintos-lender-ratings/
Clara Sparse Windbreak wrote: » Indeed. However my post was more to indicate that we might see other more reliable/higher rated originators increase their rates soon. Varks and Sebo had 15% loans not so long ago. I only have a very small holding in Varks and Sebo, as I like very short term pay day loans 2d-30days. They have been fairly reliable up to now, so I will continue with a small holding in the two. Edit: Just to have it all in the same post. Mintos lending rates... Dinero (C+), Sebo (B-), Varks (B) If you take a look at the stats on Mintos, their current loans stand at ~90%, so 10% are late. This compares favorably with that of the higher rated loan originators. For example, Credissimo is the highest rated originator in the explorep2p ratings, yet their current personal loans stands at < 40%, over 60% of their loans are late.
