Harmoney

[Bjauck]

Interesting loan on now

LAI*00072670

C2 19.67%

60

1.04%

$16,750

Computer

$16k for a computer sounds unusual?

Was it a rewrite? If so, maybe the additional amount was for a computer?

[Saamee]

Have been trialling a Beta of Provence Email Alerts for Harmony over the last week (run by Penny Picker). It's running very well. Anybody else interested in getting alerts get in touch with him via PM.

The following new Harmoney loans are available: Loan ID Grade Rate Term Default Rate Amount Purpose Funded LAI*00072689 E3 35.33% 60 4.11% $10,375 Business Cash Flow 4% LAI*00072691 D4 28.7% 36 2.21% $3,375 Loan to Family Member 38% LAI*00072692 B3 15.16% 60 0.54% $5,375 Clear Overdraft 13%

[kiwi_on_OE]

I'm just wondering what analysis people are using on their arrears?
Does anyone wish that Harmoney would provide better export data so that we could at least do some analysis of our own?
Does anyone else have these two loans in arrears?
LAI-00068752, last payment date and amount seem to have been on schedule
LAI-00066711, last payment amount significantly greater than payments to date

My thinking is that I'm more worried about loans in arrears that might default completely, than those that are slow payers (receiving something being better than nothing).
So I'm looking at how long since they made their last payment.
Has anyone worked out "likelihood of default given x months since last payment" numbers? Is that the way to do it?

About 60% of my arrears have made a payment in the last month, so I'm almost ignoring those. I guess/hope the likelihood of default on these is only 20%?
About 30% have had no payment in the last two months. Would these have a 60% likelihood of default?
And 10% are beyond that. I assume these have a very high likelihood of default, maybe 100%?

[Whippeedo]

Does anyone else get this following little quirk sometimes when Withdrawing funds from your HM account?

After completing a Withdrawl and taking out ALL availble shown funds.... ( leaving zero funds behind )

Afterwards, you are then shown even more funds still in your account available to still be withdrawn?

This can go on for 2 to 4 Withdrawls before you do finally get to getting to a Zero funds balance ....

I've not said anythng here, before but it still happen 3 or 4 times a week!

Yes I withdrew about 3ķ a few months back and the available balance didn't update after the withdrawal so I repeated the withdrawal thinking it didn't go through and ended up taking 6k out when I only had 3k. Ended up with a negative cash balance - I drew money out I didn't have. Surprised the system let me do that. Thought that was interesting. They asked for it back about a week later. IT department has a glitch. Wonder if it has been fixed.

[Whippeedo]

I'm just wondering what analysis people are using on their arrears?
Does anyone wish that Harmoney would provide better export data so that we could at least do some analysis of our own?
Does anyone else have these two loans in arrears?
LAI-00068752, last payment date and amount seem to have been on schedule
LAI-00066711, last payment amount significantly greater than payments to date

My thinking is that I'm more worried about loans in arrears that might default completely, than those that are slow payers (receiving something being better than nothing).
So I'm looking at how long since they made their last payment.
Has anyone worked out "likelihood of default given x months since last payment" numbers? Is that the way to do it?

About 60% of my arrears have made a payment in the last month, so I'm almost ignoring those. I guess/hope the likelihood of default on these is only 20%?
About 30% have had no payment in the last two months. Would these have a 60% likelihood of default?
And 10% are beyond that. I assume these have a very high likelihood of default, maybe 100%?

Yes I have asked for all loan and borrower data to be made exportable because if made available, one could analyse the data and make better investment decisions as a result. E.g. by doing a labourious manual check on all my arrears (by taking the age of borrowers of my loans from the website and matching to my exported loan's list - ridiculous to have to do this manually) I found the lowest age borowers made up the largest proportion of loans in arrears and visa versa for the older borrowers so I now invest accordingly but without having the data showing the age of borrower not in arrears it is kind of inconclusive too. Way too time consuming to do this on 100s of loans manually. Please give us the data Harmoney. I can't see any harm in us having access to it and I would expect it would be pretty simple to enable this ability from an IT perspective. I requested this a few months ago. No update from HM yet. As with many other enquires/requests I have made.

[Whippeedo]

hammered by bad loans today - 5 loans written off today so far. Will be interesting to see what that does to my RAR which will be published soon, I presume. Hopefully the new calculation takes these write offs into account.

What Loan grades were they? how many loans written off in each grade? Age of borrowers out of interest ?

[Darchie]

Yes I withdrew about 3ķ a few months back and the available balance didn't update after the withdrawal so I repeated the withdrawal thinking it didn't go through and ended up taking 6k out when I only had 3k. Ended up with a negative cash balance - I drew money out I didn't have. Surprised the system let me do that. Thought that was interesting. They asked for it back about a week later. IT department has a glitch. Wonder if it has been fixed.

Obviously not... as last week i was withdrawing $307 odd, was talking and not paying attention, thought oh what!!! this hasn't gone through so ended up redoing it a further two times ... but they all counted so i ended up with a negative balance of $600 odd for a few days until it all caught up. Only happened this one time though.

[Whippeedo]

Good morning,

Sharing some data, I hope this is helpful for other investors
Here are the basic results on my account as at yesterday.
I basically started in Feb 2016 and stopped lending/investing in this account in June.
I set up a different account for lending/investing from May 16 onwards but have not done a summary on that one yet)

Cheers!

Grade	paid off	current	cancelled	charged off	arrears	Total
A	3	49	1	0	0	53
	5.66%	92.45%	1.89%	0.00%	0.00%	100.00%
B	18	80	0	0	2	100
	18.00%	80.00%	0.00%	0.00%	2.00%	100.00%
C	32	168	2	0	6	208
	15.38%	80.77%	0.96%	0.00%	2.88%	100.00%
D	35	221	2	0	13	271
	12.92%	81.55%	0.74%	0.00%	4.80%	100.00%
E	22	137	3	0	12	174
	12.64%	78.74%	1.72%	0.00%	6.90%	100.00%
F	9	65		1	21	96
	9.38%	67.71%	0.00%	1.04%	21.88%	100.00%
					Total Loans	902

[Cool Bear]

What Loan grades were they? how many loans written off in each grade? Age of borrowers out of interest ?

d4 30-39, d5 40-49, d5 50-59, e5 20-29, f1 20-29.

[humvee]

http://www.stuff.co.nz/business/indu...borrowers-fees