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P2P Lending

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    #1022
    Timmaay
    Registered Users Posts: 11,394 ✭✭✭✭Timmaay


    18 hrs from hitting withdraw on my Bondora go and grow to back into my bank account, not bad.


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    #1023
    ct5amr2ig1nfhp
    Closed Accounts Posts: 5,019 ✭✭✭ct5amr2ig1nfhp


    Why did you exit the go and grow timmaay


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    #1024
    Timmaay
    Registered Users Posts: 11,394 ✭✭✭✭Timmaay


    Mix between needing afew quid in my current account, and putting more into stocks to take advantage of the current drop.

    All in all its a very quick process to send money to bondona from my debit card (basically instantly), and then withdrawing back to my account, so moving forward I'll use it for when I have any surplus money that I will need in the medium term.


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    #1025
    One More Toy
    Registered Users Posts: 3,783 ✭✭✭One More Toy


    Has anyone had any problems with mintos deposits?

    I made a transfer on Friday night and it still hasn't appeared in my account. Previous deposits have went through fine, almost same day


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    #1026
    FFVII
    Registered Users Posts: 1,382 ✭✭✭FFVII


    One More Toy wrote: »
    Has anyone had any problems with mintos deposits?

    I made a transfer on Friday night and it still hasn't appeared in my account. Previous deposits have went through fine, almost same day

    No, but withdrawals are fine. Only one way I'm going.


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    #1027
    One More Toy
    Registered Users Posts: 3,783 ✭✭✭One More Toy


    FFVII wrote: »
    No, but withdrawals are fine. Only one way I'm going.

    Why's that if you don't mind me asking?


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    #1028
    Lazy Bhoy
    Registered Users Posts: 215 ✭✭Lazy Bhoy


    Just had an email from Mintos saying that UK loan company Peachy has filed for administration.


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    #1029
    FFVII
    Registered Users Posts: 1,382 ✭✭✭FFVII


    One More Toy wrote: »
    Why's that if you don't mind me asking?
    Lazy Bhoy wrote: »
    Just had an email from Mintos saying that UK loan company Peachy has filed for administration.
    Thats the main reason right there.


    Secrets.


    Lazy must have loans with peachy so got an email. Nothing on the site.


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    #1030
    Lazy Bhoy
    Registered Users Posts: 215 ✭✭Lazy Bhoy


    FFVII wrote: »
    Thats the main reason right there.


    Secrets.


    Lazy must have loans with peachy so got an email. Nothing on the site.


    I actually dont have any loans with Peachy at the moment. I did have a small amount in the past (about 6 months ago). So maybe that is why I got the email.



    Like you have said, they have not posted anything in the news section on Mintos yet, which I find strange.


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    #1031
    ct5amr2ig1nfhp
    Closed Accounts Posts: 5,019 ✭✭✭ct5amr2ig1nfhp


    Amazingly, you can still sell them on the secondary market at the moment.

    Get rid of those Peachy loans on the secondary market quickly!

    Thankfully didn't have any thanks to explore P2P ratings.


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    #1032
    Lazy Bhoy
    Registered Users Posts: 215 ✭✭Lazy Bhoy


    Clara Sparse Windbreak wrote: »

    Thankfully didn't have any thanks to explore P2P ratings.


    That's exactly why I got rid of them a few months back too.


    I was scaling down my portfolio after the last couple of loan originators went bust and Peachy was one of the first I sold off. I only had a small amount with them anyway but I got rid of them and the other lower ranked LO's on P2P ratings.


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    #1033
    Timmaay
    Registered Users Posts: 11,394 ✭✭✭✭Timmaay


    Only got 2 loans worth 80e in peachy, threw them up on the 2ndry market with a 1% discount, will see how quickly they shift.

    I took out some of them 18% Russian loans in rubles afew weeks ago, exchange rate was 69rub to the euro then, got to 76rub now, so I would be loosing out big-time if I had to convert them back to euros to exit it at the min.


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    #1034
    Salvadoor
    Registered Users Posts: 277 ✭✭Salvadoor


    Lazy Bhoy wrote: »
    Just had an email from Mintos saying that UK loan company Peachy has filed for administration.


    Didn't get that email - was it only sent to investors with Peachy loans?


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    #1035
    ct5amr2ig1nfhp
    Closed Accounts Posts: 5,019 ✭✭✭ct5amr2ig1nfhp


    Mintos seem to do that alright. Only those with loans from an LO get the emails.

    LLP Z-Finance on RoboCash is gone. Another company will continue to service the existing loans.


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    #1036
    Salvadoor
    Registered Users Posts: 277 ✭✭Salvadoor


    Clara Sparse Windbreak wrote: »
    Mintos seem to do that alright. Only those with loans from an LO get the emails.


    So the buyers on the secondary market would be none the wiser then and potentially at a disadvantage


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    #1037
    FFVII
    Registered Users Posts: 1,382 ✭✭✭FFVII


    Salvadoor wrote: »
    So the buyers on the secondary market would be none the wiser then and potentially at a disadvantage

    Usually mintos stop this exact thing. They suspend secondary for LO involved.

    But now they are doing this.

    They've been asked many many many times to just put the info up and let people decide what they'll do.

    Worse it's getting.


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    #1038
    ct5amr2ig1nfhp
    Closed Accounts Posts: 5,019 ✭✭✭ct5amr2ig1nfhp


    Yes.
    Salvadoor wrote: »
    So the buyers on the secondary market would be none the wiser then and potentially at a disadvantage


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    #1039
    ct5amr2ig1nfhp
    Closed Accounts Posts: 5,019 ✭✭✭ct5amr2ig1nfhp


    Peachy loans now suspended on both primary and secondary markets. Mintos did a piss poor job handling the announcement.


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    #1040
    ct5amr2ig1nfhp
    Closed Accounts Posts: 5,019 ✭✭✭ct5amr2ig1nfhp


    How do you think p2p look in the a few months time, given the corona virus problem? People are going to struggle to repay their loans if they cannot get to work etc.

    I have already started to reduce my p2p portfolio. Most of my AI portfolios are now disabled.


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    #1041
    mike_cork
    Registered Users Posts: 601 ✭✭✭mike_cork


    Clara Sparse Windbreak wrote: »
    How do you think p2p look in the a few months time, given the corona virus problem? People are going to struggle to repay their loans if they cannot get to work etc.

    I have already started to reduce my p2p portfolio. Most of my AI portfolios are now disabled.
    Are you totally withdrawing from p2p?


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    #1042
    FFVII
    Registered Users Posts: 1,382 ✭✭✭FFVII


    Clara Sparse Windbreak wrote: »
    How do you think p2p look in the a few months time, given the corona virus problem? People are going to struggle to repay their loans if they cannot get to work etc.

    I have already started to reduce my p2p portfolio. Most of my AI portfolios are now disabled.
    Wouldn't worry me.

    Most countries are making allowances.

    Check age of borrower maybe


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    #1043
    ct5amr2ig1nfhp
    Closed Accounts Posts: 5,019 ✭✭✭ct5amr2ig1nfhp


    Nah, I'll keep a few k split between the platforms in my sig.


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    #1044
    Spencer Winterbotham
    Registered Users Posts: 99 ✭✭Spencer Winterbotham


    Cash out now.


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    #1045
    FFVII
    Registered Users Posts: 1,382 ✭✭✭FFVII


    Spencer Winterbotham wrote: »
    Cash out now.

    Why?

    I see someone changed their name and bailed out off the site. Wonder what happened there


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    #1046
    Peter File
    Registered Users Posts: 1,022 ✭✭✭Peter File


    The message I get when placing loans for sale
    "Please be aware that due to current changes of the overall market dynamics, loans submitted for the Secondary Market take longer than usual to be processed and placed. We are working to improve the speed. Possible queue time up to 30 hours, until further notice."


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    #1047
    Shelflife
    Registered Users Posts: 3,074 ✭✭✭Shelflife


    FFVII wrote: »
    Why?

    I see someone changed their name and bailed out off the site. Wonder what happened there

    What do you mean by that FFVII ?


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    #1048
    retalivity
    Registered Users Posts: 14,355 ✭✭✭✭retalivity


    Shelflife wrote: »
    What do you mean by that FFVII ?

    ProjectMoose appears to be gone


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    #1049
    FFVII
    Registered Users Posts: 1,382 ✭✭✭FFVII


    I didn't want to say name


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    #1050
    FFVII
    Registered Users Posts: 1,382 ✭✭✭FFVII


    Peter File wrote: »
    The message I get when placing loans for sale
    "Please be aware that due to current changes of the overall market dynamics, loans submitted for the Secondary Market take longer than usual to be processed and placed. We are working to improve the speed. Possible queue time up to 30 hours, until further notice."

    FFS, more secrets.


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    #1051
    Peter File
    Registered Users Posts: 1,022 ✭✭✭Peter File


    FFVII wrote: »
    FFS, more secrets.

    MINTOS!


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