Harmoney

[alistar_mid]

I've been in 27 months. The outstanding principal of loans recorded by Harmoney as in arrears is 2.4% of total outstanding - it hasn't really altered in 12 months. BUT, of more concern is that I have 3 loans which are well overdue for a payment and they are not showing as in arrears. I had a write off this month on a loan which had not made a payment since the February payment was due and it never appeared in the arrears list. I suggest you aren't seeing everything you should. Easy enough to check by spreadsheet comparison of payments made against payments expected.

I got triple the % you have (7.7% compared to 2.4%) and you recon I still might have stuff thats not showing up? - ie loans that are in arrears but are not flagged as being so..

And I go by the spreadsheet download, its basically a sumif on outstanding loan value by "arrears" type divided by total principle outstanding.

To further clarify, arrears in total is only $271, but the value of the loans that that represents (principle outstanding) is $7k. When my overall outstanding is $91k, then thats 7.7% so its a worry

[Cool Bear]

Anyone else having problems signing in? I am using Chrome.

[777]

Anyone else having problems signing in? I am using Chrome.

Not working for me either.

[Cool Bear]

Not working for me either.

finally.. okay now.

[icyfire]

finally.. okay now.

Still not working for me
Screenshot_10.jpg

[777]

I can get in using Firefox on my laptop and Safari on my iPhone but not with Safari on my laptop.

[icyfire]

I can get in using Firefox on my laptop and Safari on my iPhone but not with Safari on my laptop.

Interesting, probably something to do with caching.

[CageyB]

I've been in for 16 months. 3.7% of my outstanding principal is in arrears status, disregarding loans 0 days in arrears. That's 5.6% of the active individual loans. If you subtract the interest already earned (minus fees) on those loans, that goes down to 3.37% as "vulnerable". My spread is pretty flat A-D, then half that at E, no Fs.

[myles]

4 Months in ($100K added, no withdrawals):

Total Loans: 1,159
Overall Avg: $92.45
Paid Off: 27 (2.33%)
Arrears:
1-30 12 (1.04%)
31-60 6 (0.52%)
61-90 0
91-120 0

Total Value increase (after tax and fees): $3,769.03 (Interesting that interest less tax and fees is currently $2,256.03, the difference is the Protect Rebates - still coming to grips with the effect these have over time).

Two charts that I'm running with:

chart_XIRR.png

This shows the total XIRR value and an adjusted XIRR (this is after tax and fees).
Adjusted XIRR is simply the XIRR value less any arrears in the 31-60 days or above (total value of these loans owing, not amount in arrears, effectively writing them off early for a much better current value). This seems to be tracking well and will likely become more 'stable' in time. A bit of a dip at present, I suspect due to school holidays?

chart_P+G.png

Just a summary chart, highlighting any significant changes.

Harmoney RAR currently 14.05%, but still rising.

Added: Meant to include that this investment is currently returning an average of $54 per day but has not yet had the full interest paid for the entire $100K - will have by next month.

[Cool Bear]

4 Months in ($100K added, no withdrawals):



Added: Meant to include that this investment is currently returning an average of $54 per day but has not yet had the full interest paid for the entire $100K - will have by next month.

Hi Myles

We never get the full interest as part of it will be in arrears. And when some Arrears are charged off, only the principal is recorded whereas the amount owing for the interest is not recorded at point of charge off and is thus lost.

You are doing well.