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07-05-2018, 05:54 PM
#3221
yeah, nah
Any chance you can go back and delete those default rates as they are very confusing? As I said I'm happy to put them up when/if Harmoney publish them. Thanks.
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08-05-2018, 08:49 AM
#3222
Originally Posted by myles
Any chance you can go back and delete those default rates as they are very confusing? As I said I'm happy to put them up when/if Harmoney publish them. Thanks.
Don't know who you are referring to myles, but happy to oblige
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11-05-2018, 09:37 PM
#3223
Member
Attachment 9667
First charge month after 9 months. Went straight from current last week to charged.
E grade not looking too flash hot. 10% of loans outstanding are in arrears. As for installments, 324 have been paid (14 arrears + 56 charged). Currently its projecting a 3.5% return on that grade.
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12-05-2018, 11:25 AM
#3224
Originally Posted by leesal
Attachment 9667
First charge month after 9 months. Went straight from current last week to charged.
E grade not looking too flash hot. 10% of loans outstanding are in arrears. As for installments, 324 have been paid (14 arrears + 56 charged). Currently its projecting a 3.5% return on that grade.
Yikes. Is that a pre-tax return?
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12-05-2018, 12:34 PM
#3225
Member
Originally Posted by Bjauck
Yikes. Is that a pre-tax return?
For grade E yes thats my pretax. (based on writing down arrears >60 days)
Overall its 12.3%. RAR 14.4%.
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12-05-2018, 02:15 PM
#3226
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13-05-2018, 08:51 AM
#3227
Member
I'd say so.
For starters will get E down from 15% to 10% or less of book (was 20% at one point). Can afford to be much pickier!
That said Harmoney have some as current that I've written down. Eg this one being 4 payments behind. Could be hardship criteria, so maybe there is some upside.
Capture2.JPG
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13-05-2018, 09:59 AM
#3228
I wish that Harmoney were a bit more efficient in getting the Tax Certificates available to download.
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13-05-2018, 09:59 AM
#3229
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13-05-2018, 12:33 PM
#3230
Member
Very slack on the tax cert.
You have a conundrum there. Might be too much bother to withdraw funds, and whack it into the bank at 3%. Alternatively just spread some additional investment through the year, so you are overweight at the leadup, and can scale back easier.
As for my own results definately something in that effect! December I invested $1000 invested. Est chargeoff $24, post tax return 10.5%
However next year I'll ease off earlier, my November numbers are shocking! $1750 invested, interest earned $159, projected charge off $131. Post tax return -0.6%.
Compare Jan18 $2500 invested, no est chargeoff, 17.5%. February to now similar (8.7k invested and 16% return)
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