Thats true, could be worse! and btw congrats for hitting the 10k mark, in only a few months
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Attachment 10854
Three months invested in Harmoney, hoping to get to about $14,000 in by end of year. Displayed RAR hasn't quite reflected my actual RAR yet, waiting on a bit more interest to come in. Any tips from anyone on what you think the best Auto-Lend filter settings are? Cheers.
Supposedly Harmoney has changed the grading system... So a B5 loan of yesterday is no longer the B5 loan of today.
Does this resonate? I came across this dubious B5, and can't see too much evidence of a difference between the grading on 1.6 and 1.5. So am wondering if there was validity to this claim?
Attachment 10856
Attachment 10857
12 months and the wholesale (owners & institutions) RAR has increased by nearly 1% while the retail (us mugs) RAR has declined slightly. I suspect that the "better" loans are being cherry picked for the owners?
Wow, the repayment to income ratio is scary!!!
Apart from that, I guess as a borrower he seems not too bad - homeowner of 13 years with stable job and history of repayments. If he's a B5 I agree nothing much has changed, I would have expected him/her to be a lower B in the new grading system.
I just think he's just borrowing too much.
There's this too.
Attachment 10860
I just tend to take a small piece of everything. Just to get the benefit of the information... But within reason
So today 2 firsts for me:
- first time my RAR is above the platform's RAR
- first arrearsAttachment 10863
I'm only just over 3 months in though (108 days) so still very meaningless at this stage.
Hi,
I have a quick question regarding repayment schedule.
I have a loan taken on 19-AUG-2019 where the borrower does not seem to have made any repayments yet. Ever. To me this means that if it is, at worst, a monthly schedule, they should have made repayments on 19-SEP, 19-OCT and 19-NOV. But no. Nothing.
And yet the loan is not marked as 'in arrears', or any other non-current status. It is still 'current'. Whereas HM seems to modify the loan status to 'in arrears' in others.
I have attached the screenshot.
Attachment 10866
Are there any circumstances where that could be right? Maybe in case of 'unforeseen hardship', but then would HM inform us if they had granted this to a borrower?
Thanks
I rather think you are expecting Harmoney to behave like we would expect an organisation that cares about their customer to behave.....
I think your answer is in your questions words.......
Harmoney does not commuicate how we expect or would like.
I suspect you loan is in arrears and you finding out about it from Harmoney is in a 'holding pattern'.
Maybe best you call the Support Team on their 0800 #!
OK thanks - I wasn't aware of the 'holding pattern' scenario.
I'll definitely call HM regarding this.
Thanks again.
Dodgy data from Harmoney...
The record shows that the loan was advanced on 02/05/19, paid off on 14/05/19 yet the full principal of $100 is still outstanding.
There have been no repayments since the funds were released to the borrower 7 months ago yet the record indicates that Harmoney has received the full $100 (PAID-OFF DATE: May 14 2019).
I wonder where my money is?
Attachment 10871
Is anyone having issues with Auto lend?
I go after just about every c and d with a very loose filter and yet I have had nothing for a week now. 19 new loans in the last 24 hrs. Hard to believe none of them are c or d
Auto lend is green and plenty of funds.
So your Autolend didn't see that one? LAI-00181484, a D3
Attachment 10879
it was live at about 12noon approx.
Seems to be picking up a few, just not enough to dent the pile of cash sitting there!
12 autolends in the last week . However I have a large cash idle balance trying to get invested