Harmoney

[permutation]

Checked out my stats in $ value terms. "Arrears vs Principal Outstanding"; before today was 0.1972%; Today it shot up to 0.3188%.

The way I see it, have given up being frustrated by Harmoney's indifferent P.R. to us liitle guys and am making the most of my current 13.93% RAR.

Who knows, tomorrow the arrears figures may all reverse back!

[BJ1]

Checked out my stats in $ value terms. "Arrears vs Principal Outstanding"; before today was 0.1972%; Today it shot up to 0.3188%.

The way I see it, have given up being frustrated by Harmoney's indifferent P.R. to us liitle guys and am making the most of my current 13.93% RAR.

I also adopt this view. However, I don't see the arrears levels falling as they are now where I expected them over 3 years of telling Harmoney to fix the bug. What concerns me is that Harmoney may focus even less on debt collection, resulting in greater bad debts, which could have been avoided.

[Vagabond47]

Who knows, tomorrow the arrears figures may all reverse back!

Nope, arrears still there.. its the RAR figures that vanished from my dashboard instead.

[humvee]

Nope, arrears still there.. its the RAR figures that vanished from my dashboard instead.

Both my RAR figures are gone too

[humvee]

Is suspect they might be in the process of removing the Platform RAR from the dashboard and replacing it with a retail RAR.

I guess the platform RAR has been single digits for too long

[humvee]

Is suspect they might be in the process of removing the Platform RAR from the dashboard and replacing it with a retail RAR.

I guess the platform RAR has been single digits for too long

Out of interest though My lending crowd NAR was above my harmoney RAR for the 1st time ever last week - and still is this week

[PennyPicker]

Years ago Harmoney featured tangentially on episode 61 of the Lend Academy podcast (https://www.lendacademy.com/category/podcast/page/9/). To bootstrap the service Harmoney brought a system that handles the internal workings of a p2p platform and wrapped a website on it. The guy interviewed sells his system around the world.

Knowing this and assuming it's still the case, we might assume that Harmoney don't have 100% control over the internal behavior of their platform. They may have to wait on new releases or bug fixes to address issues like the rest of us.

Re the Arrears problem on the dashboard, yes clearly been a problem for a while, but how long has it been known? Did anyone tell Harmoney?

[RMJH]

I also adopt this view. However, I don't see the arrears levels falling as they are now where I expected them over 3 years of telling Harmoney to fix the bug. What concerns me is that Harmoney may focus even less on debt collection, resulting in greater bad debts, which could have been avoided.

(26 June, 2018) - A bug in arrears reporting was resolved yesterday which may have resulted in a change in the amount of arrears reported in your dashboard. The bug did not impact your underlying cash transactions and balances and transaction statements. Apologies for this and steps have been put in place to prevent this happening again.
Spin really doesn't help.

[joker]

(26 June, 2018) - A bug in arrears reporting was resolved yesterday which may have resulted in a change in the amount of arrears reported in your dashboard. The bug did not impact your underlying cash transactions and balances and transaction statements. Apologies for this and steps have been put in place to prevent this happening again.
Spin really doesn't help.

And...
RAR not displaying

(26 June, 2018) - RAR numbers are not currently displaying on the dashboard. We are aware of the issue and working on a solution.

[XxOrooxX]

Tax season friends. I've been looking over investor as a business IRD paper to determine if I was in the business of investing. Just wondering if anyone had come across anything useful in assessing whether or not you can claim loan defaults. Anyone want to share their experience? I've begun migrating all of my funds out of harmoney to more tax efficient vehicles.