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Thread: Harmoney

  1. #4581
    Member
    Join Date
    May 2016
    Posts
    228

    Default

    All All % Live Live %
    Paid Off 6280 78.1%
    Protect Waiver 7 0.1% 7 0.5%
    Arrears 54 0.7% 54 4.0%
    Cancelled 53 0.7%
    Charged Off 183 2.3%
    Current 1169 14.5% 1169 87.4%
    Debt Sold 190 2.4%
    Hardship 108 1.3% 108 8.1%
    8044 100.0% 1338 100.0%

  2. #4582
    yeah, nah
    Join Date
    Mar 2017
    Posts
    484

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    Harmoney's lending model appeal largely dismissed by Court of Appeal - not sure what the implications of this will be - I'm guessing nothing for lenders, perhaps something for early borrowers?

  3. #4583
    Member
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    Sep 2012
    Location
    christchurch
    Posts
    384

    Default New (but old) charge offs

    Just had a look at the new chargeoffs that was taken against my account this month.

    I had 27 made against my account in July. For the first time the charge off dates were not all July 2020. Instead 10 out of the 27 states that the charge off dates are much earlier with three in 2018 (August, Oct and Dec 2018)!

    Wow, looks like Harmoney clearing its books!!

  4. #4584
    yeah, nah
    Join Date
    Mar 2017
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    I think they did something similar last year?

  5. #4585
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    Sep 2012
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    Quote Originally Posted by myles View Post
    I think they did something similar last year?
    Did they? Now that you mention it... But maybe not to the same extent as this month. 10 out of 27 - almost a quarter. Resulted in this month being a negative (-$1100) after the tax deducted for me. But with the future tax refund, not that bad.

  6. #4586
    Advanced Member
    Join Date
    Aug 2012
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    2,279

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    Quote Originally Posted by Cool Bear View Post
    Did they? Now that you mention it... But maybe not to the same extent as this month. 10 out of 27 - almost a quarter. Resulted in this month being a negative (-$1100) after the tax deducted for me. But with the future tax refund, not that bad.
    At least you can claim deduction for the capital write-offs.

    No need for them to “massage” the return for small investors in order to attract more cash as they have given up on retail P2P. They are an investment vehicle for big corporates now.

    With the COVID recession, surely with write-offs there will be a chance (likelihood?) of returns being negative for the next year or more?

    So if you can or cannot deduct write-offs will have a material effect.
    Last edited by Bjauck; 31-07-2020 at 11:56 AM.

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