Where Harmoney gets updated details about a borrower it updates things like residential status and location. I have a couple of borrowers now listed as living in Australia
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Where Harmoney gets updated details about a borrower it updates things like residential status and location. I have a couple of borrowers now listed as living in Australia
thanks @wsp. Yes, Residential Status is a key variable we look at for lending decision. It is somewhere between frustrating and suspicious to watch it change post loan being taken, particularly when the loan then gets charged off with little prospect of recovery. The joys of P2P investing.
Attachment 9308
"Get the car that I want with all the extras and get it now rather than later..."
100% chance of a default from people who treat money like this.
Anybody else find there RAR graph has been steadily trending down lately?
I have invested since Oct 2015 and I thought RAR should have stabilized by now however it isn't.
Attachment 9315
Mine is going down.... Seems to be after a few Write Offs and repayments in full???
I started March 2015, had a period of falling RAR while shaking off most of the E and F defaults.
Have re concentrated my lending to a very narrow range in the mid grades several months ago and my latest RAR has increased to 14.51%
I have had an all-time loan total of over 1550 and 29 Charge-offs. Approx. 46% of my loans have been repaid but I actively pursue new loans with the spare cash.
Attachment 9316