A B2 loan on Harmoney today. Income type = Home (8424 per month). I've not noticed "Home" as an income type before and a quick search through site I couldn't find a description. Has anyone seen a fuller description of this income type?
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A B2 loan on Harmoney today. Income type = Home (8424 per month). I've not noticed "Home" as an income type before and a quick search through site I couldn't find a description. Has anyone seen a fuller description of this income type?
Working from home would be my best guess. The graph below shows the available Employment Status options:
Attachment 9863
Thanks Both. Yes, as always, I'm left wondering about the quality of even the small amount of information provided by Harmoney. oh well, I guess I should be grateful that they even provided a loan for me to consider, after the whales have had their feed of course.
One of my loans with income "home" is renting. Myles guess would be mine.
Think I need my eyes checked, a B2 with 2 defaults wanting a holiday care of the good folk at HM
Attachment 9869
Withdrawing all my funds from Harmoney as it becomes available and investing it in Simplicity Funds. Harmoney has now become a waste of time IMHO.
Didn't you "withdraw all your funds" on the 18th of June?
@alundracloud Yes I did and still withdrawing more as principal and interest accumulate
Totally understand you guys taking your positions into runoff. Without autolend HM hardly a passive investment.
But for the meantime, I'm slowly increasing my position. After just over a year overall P2P investment 40k, and HM 28k of that.
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Hi, That's a nice return, are you deliberately avoiding cat A loans?
Thanks :)
@ johna - Correct don't take many A's, just really depends on the risk/return profile your wanting to take.
@ Joker - Don't know about that! My figures flatter to deceive as its not 30k invested straight away like a lot of others. Am running at a static loss of 0.76% on the 2017 H2 Cohort, vs the platform at 0.57%, plus some charge offs in all but name on some ugly E's from Nov17 & Dec17. But am hopefully am making better decisions in 2018. Have a little over 800 individual loans
That sure is a low number of charge offs , Ive got a RAR a little higher then yours but way way higher charge offs
Although my portfolio is probably more "Aged"
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I decided to crunch some numbers again, to be honest this time i did not come up with anything particularly useful compared to in the past
Portfolio Age
Average days since investment all loans 693.57 days
Average age of active loan 493.26 days
Average age of Active F Grade Loan 657.68 days
Average age of Active E Grade Loan 595 days
Average age of Active D Grade Loan 476 days
Average age of Active C Grade Loan 410.19
Average Age of "Current" Loan 483.86 Days
Average Age of "Arrears" Loan 602.79 Days
Oldest Loan 1301 Days
Oldest Active Loan 1297 Days
Average Interest rate All Active loans 24.7%
Average Interest rate Arrears Status 27.95%
Average interest rate Current Status 24.53%
Income to repayment Ratios Average ( Monthly Repayment / Borrower Income or Combined Income )
All loans 8.33%
Paid Off 7.74%
Current 9.29%
Arrears 8.99%
Charged off 7.89%
Debt Sold 7.17%
F Grade 9.51%
E Grade 7.1%
D Grade 8.52%
C Grade 9.52%
14.6% is a top return after 3.5 years!
Age matters quite a lot though. My oldest cohort is H2 2017, on HM static loss shows 8 months from origination, with a static loss of 0.57%. I originally invested $6750, at the platform average suggests $38 charged.
One of your first cohorts was H2 2015 (currently the best performing cohort), which today has a platform static loss of 4.97%.The same $6750 invested in that cohort, would give charge-offs of $335 at the plaform average. A ten-fold difference