Volume seems to be picking back up
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Volume seems to be picking back up
In the last 4 weeks I've found 4 loans to meet my criteria and today I've found 5. Perhaps the new wholesale money has now been fully invested?
Huge amount of loans this morning.
Late last week I received a mailout, seems they've done a direct marketing campaign. Just at the right time, with the changes to working for families, fuel tax etc coming through
Some good volume and good quality loans coming through now, but then we get this:Attachment 9803 A defaulter as an A5, and it makes me start to wonder about Harmoney ratings all over again. They have a Gini of 0.74, so they are likely to be wrong 1 in 4 times anyway...
D5 loan at the the old rate of 22.99%. I thought loan approvals lasted only 60 days?? The most recent changes to interest rates occurred 8 May 2018, meaning there shouldn't be any loans coming through at the old rates from the 7th July 2018?
Attachment 9806just saw a loan where the person has been employed for over 100 years!
Still available this morning. No surprises that there are no takers for loaning money to the 40 year old who has worked for the same employer for the last 101 years
But despite that results are still OK:
Attachment 9808
4 payments and back again - wonder what the first loan was for?
Attachment 9813
Wsp - is that a harmoney app? Or just your browser or something?
And someone is back to their old tricks again too. Loans coming regularly all day today, 20% or so auto-lent, but before you can put an order in, they're gone. Some of them with multiples of 10,000s gone in less than 10 seconds after they hit the marketplace.
Its becoming as bad as Lending Crowd here...
BTW, very impressive BJ1. You sure know your stuff...
Surely it shouldn't even be possible to put 3 digits in a field that asks for number of years in a job. :confused: