http://i.imgur.com/gL7jUBC.png
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Maybe its time if you have Autolend setup to change your criteria?
Previous c grade won't align with new grading so your criteria for Autolend might be wrong
An updated Hazard Curve:
Attachment 9031
Looks like the risk of a default can drag out longer than previously suggested.
My primary problem with Harmoney has been the lending volume, so hopefully this corrects the problem. I would take a hit of 2-3% on my RAR if it significantly improved the number of loans available, as the yield would still be better than most other options.
This is going to significantly impact returns and offers no benefit whatsoever to the lender. really unhappy with this sudden call and will reconsider my future with Harmoney on the back of this one. :mad ;:
Really? I've managed to invest well over 100k within the last 12 mths, didn't find it difficult at all, probably could have doubled that..
Happy to meet the market but the supporting material is a bit puzzling to me on first read. I don't see how reduced risk of default could account for a reduction from 9.99% to 6.99%. What I would like to see is a table of old and new rates side by side. Goodness knows why that wasn't included in the email. Smacks of PR not openess. Personally I would rather be given the economic realities not spin. Stated 0.6% reduction in RAR doesn't feel right.