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Thread: Harmoney

  1. #4641
    Senior Member
    Join Date
    Apr 2002
    Location
    , , New Zealand.
    Posts
    724

    Default Here's another example

    Screenshot from yesterday


    2023 0925 Harmoney yesterday without chargeoff.JPG

    Screenshot today

    2023 0926 Harmoney today with chargeoff.JPG

    Charge-off reduced Funds available, and not Principal outstanding, after Funds available on weekend banked out to customer
    Last edited by beacon; 26-09-2023 at 04:06 AM. Reason: Yesterday's photo didn't upload in one go

  2. #4642
    Senior Member
    Join Date
    Apr 2002
    Location
    , , New Zealand.
    Posts
    724

    Default Here's yet another example

    Screenshot today:


    2023 0926 Harmoney today.JPG


    Screenshot from yesterday:


    2023 0923 Harmoney earlier.JPG

    Funds Available OB = 1.94 per screenshot,
    Add, Gross interest posted to account after weekend $13.16,
    Less, Tax on this Gross at 10.5% $1.38,
    Less, Weekend funds banked to customer on Monday $2.65,
    = Funds available CB should be =1.94+13.16-(13.16*0.105)-2.65 = $11.06

    But Funds available CB, per new screenshot = $9.62
    Last edited by beacon; 26-09-2023 at 04:19 AM. Reason: Corrected screenshot image ordering in post

  3. #4643
    Senior Member
    Join Date
    Sep 2015
    Location
    Norf Eyelynd
    Posts
    834

    Default

    Why 'sweat it' now when one day this week Harmoney are Paying Out ALL our deposits...?

    End of this Era is just around the corner and all will be settled!!

  4. #4644
    Senior Member
    Join Date
    Sep 2015
    Location
    Norf Eyelynd
    Posts
    834

    Default

    Well the end of the Harmoney era!

    All outstanding Funds have now been fully repaid and loan balance at Zero!

    BAL.jpg

  5. #4645
    Member
    Join Date
    Apr 2020
    Location
    Lower Hutt
    Posts
    454

    Default

    HMY completes the closure of its legacy P2P platform
    https://announcements.asx.com.au/asx...0j3n1gkslc.pdf

  6. #4646
    Advanced Member
    Join Date
    Aug 2021
    Location
    Auckland
    Posts
    1,606

    Default

    Interesting experiment. Wonder where they got the funds to close it all out at once.

    How did P2P via Harmoney workout overall for you lenders? I never leant but interested in how it all went for you all

  7. #4647
    Member
    Join Date
    Jun 2021
    Location
    thames
    Posts
    58

    Default

    Over 8 years I ended up with a lifetime rar of 13.15%
    $2,230 gross interest received
    $635 net charged off principle

    Overall it preformed better for me than Lending Crowd currently is.
    7.17% rar
    $2,355.90 gross interest
    $600 charged off

  8. #4648
    Guru
    Join Date
    Feb 2005
    Location
    Auckland, , New Zealand.
    Posts
    3,224

    Default

    Deleted....
    Last edited by 777; 18-10-2023 at 12:42 AM.

  9. #4649
    Senior Member
    Join Date
    Sep 2015
    Location
    Norf Eyelynd
    Posts
    834

    Default

    I was interested to know what happens to any future funds that get repaid from borrowers to Harmoney on loans of ours that have gone in to delinquent status...

    Those funds should still be our and therefore repaid to us!

    They have replied stating that they will come back to me on this matter with a reply.

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