Originally Posted by
Stevo
What's your experience with arrears?
I exported Harmoney's latest spreadsheet and sorted loans by date of investment vs. interest paid. My dashboard says I've got $0.00 in arrears. But the spreadsheet data shows only 27% have paid by the first due date, even though I allowed for four days grace to clear transactions. The sheet says the next payment (i.e. the first payment) is now due two months from when the loan was issued.
A clear 73% have made no payments. This is from my first batch of 22 loans, ranging from grades A1 to F3. I've since invested $13k over the last month.
Harmoney's bookkeeping doesn't seem to be that flash. Do they sort themselves out over time, or have you not kept track of actual vs. reported arrears?