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Thread: Harmoney

  1. #4601
    yeah, nah
    Join Date
    Mar 2017
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    update.jpg

    BJ1, considering where your loan spread is, I think you've done very well. I took on a bit more risk for a bit more reward, but not all that much compared to you. (100K Invested).

  2. #4602
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    ScreenHunt.jpg
    God knows what I did wrong but I did it spectacularly. Low risk and high charge-offs!!!

  3. #4603
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    Apr 2016
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    How many loans did you take ?

  4. #4604
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    May 2016
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    Quote Originally Posted by BJ1 View Post
    Attachment 11925
    Just for comparison. I topped out at $120k and been falling away rapidly since Harmoney started refinancing retail loans for themselves. Currently getting $4,000 per month cash back.
    Nice work! I'm at 12.75% and 18% write-offs/ gross interest. I rarely read the stories but used filters and diversified widely. Even spread of A-D for the most part but shifted to more risk near the end.

  5. #4605
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    Nov 2016
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    One way or another most of my working life has been in financial risk analysis. I've always looked for anomalies in presented information so did read the stories on all loans. That is where the systems used by such as Harmoney leave gaps because they can't analyse the info in that way. In our Covid world I'm happy to have taken the approach I did which saw me up to 50% invested in 36 month loans which have been coming back rapidly. Those not refinanced by now are where I may end up taking more hits, but I'm glad I'm not at the high risk end, given expectations of another 100,000 or more out of work in the coming year.

  6. #4606
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    Apr 2016
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    Thought someone discovered that 60 months had more of a quicker payback ie early repayment, more churn etc, instead of going full term. Maybe the 3 year peoples are more procrastinators and have general loans bad outlook- hence borrow for as little as possible, but in general dont juggle the loan as as much. Usually when offered a loan - people have a tendency to go for as long as possible and as much as possible - maybe with outlook to refinance two years into it to a cheap rate. It would be interesting to see 3 year to 5 year early repayment stats - but dosnt matter now as harmony has gone.

  7. #4607
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    Jul 2017
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    Quote Originally Posted by IntheRearWithTheGear View Post
    How many loans did you take ?
    3885 over the last 3 years.

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