Given the time line from 2014 the graph depicts an impossible situation. It's rubbish.
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Given the time line from 2014 the graph depicts an impossible situation. It's rubbish.
Agree, it would take a massive volume to shift the historical measure that much. Beggars belief that such a graph could be published without someone thinking it's either wrong or requires explanation!
And today the RAR graph is fixed.. or the fix is in.. depending on how much of a conspiracy theory fan you are...
Has anybody else noticed that we no longer have charged off loans, we have 'debt sold' loans? Still has the same effect on my 'net charged off principal' but obviously a better result for Harmoney. :mad ;:
I can't get an exported report to update my records for end of month. Anyone else also?
Finally got a report to find another 10.5% of my loans (by number) were repaid in August. Seems Harmoney is still marketing rewrites very heavily.
I see earlier today that Harmoney had only listed 5 loans for around 90k in 24 hours. Is this the normal now? I am still withdrawing and transferring to Lending Crowd. Today 8 or more loans for well over 100k in value.
I'd say just a bad day for HM.
This year so far have increase Harmoney Loans by 20k over last year. There is generally more loans on Harmoney then any other platform.
I dislike my decisions proving poor, so I have a strict set of criteria for lending through Harmoney, with decreasing exposure on decreasing total loan size as the risk grade rises. Since harmony started lending its "own" money I have seen many fewer loans which meet my criteria and notice that I am not seeing many of the loans which are being included in the daily statistics - most of the 36 month and smaller size loans don't appear in my searches. Having experienced 5 decades of lending and 4 major market corrections, I will not chase returns by taking greater risk - which I am seeing other people doing now that Trump is upsetting the world markets and reserve banks are destroying passive returns. Generally, the time to chase is in the year after a bottom and not at market peak.