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Thread: Harmoney

  1. #2301
    yeah, nah
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    Quote Originally Posted by Snow12 View Post
    You have been investing for three months and you already have 3 write offs. Doesn't that ring alarm bells?
    It's 2 loans in 30-60 arrears, but I write them off at 60 days so my numbers are a more realistic present value. (Harmoney list it as $1.88 in arrears if that helps). At this stage this doesn't set off any alarm bells for me. I consider $2,000 to be charged-off each year to be expected for the loan spread that I have. Ask me again in 7-8 months, my opinion might change when arrears really kick in
    Last edited by myles; 21-06-2017 at 10:49 AM. Reason: Payments made changed arrears amount, which include other loans.

  2. #2302
    yeah, nah
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    Out of interest, the two loans in arrears that I have are below:

    Attachment 8933

    The first one I'd invest in again. Lots of enquiries but affordable and stable person (long time at address and employer).

    The second one, no...what was I thinking...boarding, previous loan with no repayments...but a small affordable loan so maybe...NO!!!

    Still time for these to come good, but not holding my breath...

  3. #2303
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    I have made a summary of my current arrears, a total of 22/700 active loans. 2.38% of mortgage holders are in arrears and 3.48% of renters. So the spread is fairly even.
    Another interesting fact is that 24% of my active loans are in the Auckland region with only 3 loans in arrears.

    But I guess the most notable fact is 3/20 fully owned holders are in arrears, that is 15%, something that I didn't expect. I guess there is not the large volume of these loans to be able to see a trend develop!
    Last edited by permutation; 21-06-2017 at 11:16 AM. Reason: addendum

  4. #2304
    yeah, nah
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    Interest paid today was $56, so I'll have those two defaults covered by tomorrow :P
    Risk vs Reward!!!

  5. #2305
    Senior Member Toasty's Avatar
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    Quote Originally Posted by myles View Post
    Out of interest, the two loans in arrears that I have are below:

    Attachment 8933

    The first one I'd invest in again. Lots of enquiries but affordable and stable person (long time at address and employer).

    The second one, no...what was I thinking...boarding, previous loan with no repayments...but a small affordable loan so maybe...NO!!!

    Still time for these to come good, but not holding my breath...
    On the second one I would have been comforted by the 4 years in employment. That probably would be enough for me to give it the nod. Not sure how I feel about someone boarding in the same place for 29 years. Stable or no hope?

  6. #2306
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    Quote Originally Posted by Toasty View Post
    On the second one I would have been comforted by the 4 years in employment. That probably would be enough for me to give it the nod. Not sure how I feel about someone boarding in the same place for 29 years. Stable or no hope?
    Been there since age 10? so maybe with family and paying board? Wish he was my son

  7. #2307
    yeah, nah
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    Quote Originally Posted by Toasty View Post
    On the second one I would have been comforted by the 4 years in employment. That probably would be enough for me to give it the nod. Not sure how I feel about someone boarding in the same place for 29 years. Stable or no hope?
    Paid today

  8. #2308
    yeah, nah
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    Last edited by myles; 24-06-2017 at 10:23 PM. Reason: Oops!

  9. #2309
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    Quote Originally Posted by myles View Post
    Ha ha > Somehow an Extra ZERO sneaked in there... It's only 8 not 9 Zeros!!

  10. #2310
    yeah, nah
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    Quote Originally Posted by Saamee View Post
    It's only 8 not 9 Zeros!!
    Only! 8 50,000,000 from TSB...

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