Harmoney

[BJ1]

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 (out of 175) 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.

[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