Looks to me like Harmoney found themselves in a sticky situation, then made mistakes trying to resolve the issue & now are not willing to compensate the victims?
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This comment on loan 61342 made me chuckle "...the good thing with Harmoney is they are willing to reduce my rate as long as I can show my loan history is excellent with them over then next 3-6 months.". I won't be investing as either the borrower will fail to make the repayments or it will be re-drawn in a few months with the associated fees.
I now avoid lending to any rewrite for this very reason.
I would have thought you want re-writes as they have shown a good payment history, and re-writen the loan to get a better rate which they will lock in for the term. its those that haven't been re-writen that you have to be careful of as they will be going for a re-write as soon as they can show good payment history as that will secure them a better rate.
Trying to predict those that wont make a payment is impossible in my view.
Just had another charge off - I am getting absolutely killed at the moment. At this rate, Squirrel with a 8.5% and a guarantee is starting to look good.