I think Harmoney originated from a good place but were up against a system which protected the status quo. The political will to support P2P and get better rates for borrowers and lenders never seemed strong unfortunately. Such a missed opportunity.
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Still continuing to receive Capital Repayments at a large rate currently.
Plus no new Write Offs BUT a small trickle of Bad loan repayments coming in!
That I find Encouraging and Positive....
Same here.
My charged offs the last two months averaged less than $400 a month. The average for the 9 months before that was well above $2000. So, it does looks like HM had been clearing their books of bad loans earlier, was very bad in the 3 months Dec to Feb before they close to us, with February the worst month ever. Another bad month (2nd highest for me) was in July this year.
Bit of a pants down for those that may care/follow.
Protect Waiver 345.44 0.47% 12 Hardship 1118.98 1.51% 26 Current 69977.07 94.72% 1916 Arrears 2437.15 3.30% 70 Outstanding principal $73878.64 2024