Due to financial realities fees are up and rates are down. Plus we had a golden period of very low defaults. How low is too low? That's up to you. Considering the alternatives I am still re-investing.
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From the market stats today, the latest (as at 6th February) stats for RAR are:
Retail 12.84%
Platform 10.89%
and Wholesale 10.18%
If you have a portfolio that return any of those percentages year after year for many years, you will be doing very well.
From the stats, you can make out that 73.3% is wholesale and only 26.7% is retail. The big boys must be very happy with their 10.18% for very little effort as they only pay us 2 to 3% for our bank deposits with them.
A noteworthy event today: after 23 months, I received my first recovered funds. Perhaps the new collections efforts discussed recently are beginning to function?
Interesting, last time I checked I had 5 loans charged off from June 2016 to April 2015, now the three oldest ones have now changed to debt sold. Zero communication from Harmoney when these went to a charged off status and still zero communication when they went to a debt sold status.
That is interesting, "Debt Sold" is a new category. Of my seven loans in "Debt sold", I have recoveries from three. I won't complain about the lack of communication if they are actually recovering some funds, I had just assumed that there was little to chance of recovering anything once charged off.
Debt sold appears to include a taxable portion as well as some principal repaid. Whether this is a final payment on those loans remains to be seen. Of five sold I got money from two.
Have noticed a few minutes ago, Harmoney platform RAR jumped up 13 pips to 11.02%, probably, a result of Fridays recoveries from " Debt Sold" across all levels.
I have personally had 13 Loans sold and money credited from 12 of those.
My personal RAR is inching ever closer to 15% with over 1750 All-time loans taken over 35 months.
You could see an increased $ Value in the recoveries on your Dashboard.
Unfortunately Harmoney have removed the "Debt Sold loans" from the standalone "Charged Off Loans" Filter; you can make a copy of the Charged Off filter yourself and select Charged-off an Debt Sold sub filters, this will then show a total of the Charge-Offs you originally had.
To see individual $value details of the "Debt Sold" loans you have to download a CSV file from Harmoney and convert the data in Excel from "text to columns"; then sort status to view "Debt Sold", you will then see the actual $ amounts you received in Column V .. Make Sense??;)