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Thread: Harmoney

  1. #4441
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    Quote Originally Posted by Toukshare View Post
    wow, I hope it's not a F5
    Thats true, could be worse! and btw congrats for hitting the 10k mark, in only a few months

  2. #4442
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    Quote Originally Posted by leesal View Post
    accidently took out a loan for $1100
    Yep, I once got distracted and mixed units with $'s having just been on Lending Crowd and ended up with 25x what I wanted!

  3. #4443
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    Quote Originally Posted by RMJH View Post
    Yep, I once got distracted and mixed units with $'s having just been on Lending Crowd and ended up with 25x what I wanted!
    I'm hoping it rewrites quick and keeps up with payments :/

  4. #4444
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    Screen Shot 2019-11-18 at 8.10.08 PM.jpg

    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.

  5. #4445
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    Quote Originally Posted by TobyPascoe92 View Post
    Screen Shot 2019-11-18 at 8.10.08 PM.jpg

    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.
    I don't use auto-lend, but if you search this thread you'll find some good content. Myles in particular indicates his criteria for selection.

  6. #4446
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    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?

    Annotation 2019-11-19 091408.png

  7. #4447
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    ScreenHunt.jpg
    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?

  8. #4448
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    Quote Originally Posted by leesal View Post
    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?

    Annotation 2019-11-19 091408.png
    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.

  9. #4449
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    Quote Originally Posted by Toukshare View Post
    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.

    annotation.png

    I just tend to take a small piece of everything. Just to get the benefit of the information... But within reason

  10. #4450
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    Quote Originally Posted by leesal View Post
    There's this too.

    annotation.png

    I just tend to take a small piece of everything. Just to get the benefit of the information... But within reason
    Basic benefit is $ 210 a week , living with parents unlikey to be accomodation supplement on top ..... I can't see how Harmony can put up a loan like this - surely it does not comply with the responsible lending code.......

  11. #4451
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    So today 2 firsts for me:
    - first time my RAR is above the platform's RAR
    - first arrearsHM dashboard snap 20191125.JPG
    I'm only just over 3 months in though (108 days) so still very meaningless at this stage.

  12. #4452
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    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.
    HM loan LAI-00171188-20191126.JPG

    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

  13. #4453
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    Quote Originally Posted by Toukshare View Post
    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.
    HM loan LAI-00171188-20191126.JPG

    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 #!

  14. #4454
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    OK thanks - I wasn't aware of the 'holding pattern' scenario.
    I'll definitely call HM regarding this.
    Thanks again.

  15. #4455
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    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?

    ScreenHunt.jpg

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