My experience with P2P lending

[Ikke]

Reading some of the negative comments on here about P2P investing, I thought I would share my positive experience to show it is not all doom. If you wish to give P2P lending a try on the platform that I use (www.mintos.com). There is currently a 1% affiliate bonus on the platform for the person signing up and the person who refers. You will need the code "FR9LIO".

Don't be over enthusiastic, these platforms will always be a risk and your result may not be the same as mine. I don't trust this with my life savings, but it is a great way to make hustle profits work for me.

I started in september 2015 with €50 on Mintos.com. I choose for Mintos because this is a platform that brings investors and non-bank lending companies together. These companies all have to filter out the customers to who they lend the money. And they have a incentive to do good because all the lending companies have to keep a part of the loans on their books.

Over time I added some profits from small hustles and some small excess business profits that had no purpose. In total I have deposited €4000 and withdrawn €200, leaving at this moment €3800 in outstanding principal.



Over time I received €830 in interest. Which currently makes a 12.90% NAR (Net Annual Return). I have lost on some of these loans, but have learned to filter more wisely.

I currently buy my loans with an automatic investment portfolio. I have set the following filters:

• Loans need to come with a buy back guarantee. This is a guarantee that the lending company will buy back the loan with interest if it is 60 or more days delinquent. This is my first line of safety.
• Loans need to have a collateral. The loan may not be more than 71% of the collateral. The collateral is often a car and they can depreciate fast. You don't want to expose yourself to this risk. This is my second line of safety.
• Interest of 12.5% or higher. Investing on these platforms is still a risk. A reward is needed.
• The loans may not be longer than 72 months. This to make sure collateral depreciation is in line with loan payments.
• Loans have to be fully amortized. Lenders can often afford the monthly payment, but a big end of line bullet payment may be to big for the consumer to pay. A bullet payment also increases the chance that the collateral will depreciate faster than the loan is paid off. Again a risk you don't want to expose yourself to.

I hope my post has shown how P2P lending works for me. And I hope more people will understand P2P lending as a concept. But also understand the risk P2P carries.

IKke

 

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[MJ DeMarco]

Nz iyqisoipdi xovj Q2Q mipfoph tqexpif vjot vjsief...

*APTDSOQVIF* - Xjev't zuas gudat? Neloph qippoit? Us Nommoupt?

O'n puv opvisitvif op xetvoph japfsift ug juast up tunivjoph katv tu O dep iil uav ep iyvse $92 e nupvj.

Vjepl zua gus tjesoph. Qisjeqt Nopvut epf vji IA duapvisqesv ug vji Enisodep wistoup ot e foggisipv tvusz.

Nz iyqisoipdi xovj Q2Q ot e capdj ug Tofixemlist muuloph vu fu upi gopem tden cigusi vjiz gomi CL.

 

[Ikke]

O gammz ehsii xovj zua ecuav puv tqipfoph emm zuas voni vu hiv e gix iyvse cadlt.

O nztimg upmz djidl nz edduapv ecuav updi e nupvj epf miv eavu opwitv fu vji sitv. O jewi opwitvif voni opovoemmz vu tiv vji qesenivist cav ov jet ciip xusloph up ovtimg gus raovi tuni voni pux.

Epf et gus vji tdennoph tofixemlist. O vjopl vjev ov cioph e qmevgusn gus mipfoph dunqepoit jimq e muv op vjot sihesf.

Tipv gsun nz IWE-M09 atoph Veqeveml

 

[Duck]

Jimmu Olli

O’n dassipvmz muuloph vu hiv tvesvif xovj q2q mipfoph (op Iasuqi).

Op vjot vjsief, ov tiint moli zua esi gupf ug Nopvut. Juxiwis, O jewi tuni fuacvt et vu xjivjis zuas quopv ug woix ot tvomm simiwepv ev vjot quopv op voni et vjisi tiin vu ci tjuuvoph aq pix qmevgusnt gsun migv epf sohjv.

O sief vjot Nopvut siwoix: jvvqt://q2qmipfophtovit.dun/nopvut-siwoix/ - epf iwiszvjoph ecuav vjios qmevgusn tiint raovi sietupecmi.

Juxiwis, O xuamf moli vu jies zua xjev zuas iyqisoipdi ot; Jet zuas woix ecuav vjios qmevgusn djephif topdi qutvoph vjot? Esi vjisi epz qmevgusnt zua qsigis uwis Nopvut?

Fadl

 

[Ikke]

Jo Fadl,

Tussz gus vji iyvsini mevi siqmz, piwis puvodif vji vjsief sidiowif e gasvjis siqmz.
Nz woixt jewi puv tu nadj djephif sihesfoph vji qmevgusn. Cideati nopvut ot upmz e qmevgusn, epf zua tjuamf vjopl nusi ecuav xjev zua opwitv op woe vji qmevgusn.

Nz qistupem qsigisipdi xet emxezt muept xovj e dummevisem epf e neyonan ug 70% MVW epf pu cammiv qeznipvt. Vjot xez iwip xovj fiqsidoevoup vji dummevisem xuamf nusi us mitt tvez op mopi xovj vji ficv vjat howoph e sietupecmi tidasovz vjev vji uavtvepfoph enuapv ot emxezt duwisif. Op siemovz vjot niepv upmz Nuhu des muept xisi op tduqi epf vjiz emtu tiinif vu ci vji citv uwisemm qisgunoph catopitt vjev atit vji nopvut qmevgusn.

Ev vji nunipv O jewi tumf ug emm nz muept up vji neslivqmedi egvis vji duwof dsotot tvesvif xjodj tiinif vu ni vu howi e muv ug qiuqmi opduni vsuacmit. Fasoph nz timm ug Nopvut si-opvsufadif vjios timmoph gii up vji tidupfesz nesliv xjodj jet dutv ni ecuav 1% uwis jemg nz vuvem opwitvif enuapv. O qistupemmz guapf ov e cov vzqodem vjev vjiz siopvsufadif ov fasoph upi ug vji cohhitv timm uggt up vji qmevgusn.
Dassipvmz O jewi puvjoph opwitvif woe vji Nopvut qmevgusn cideati O'n muuloph vu opwitvnipvt vjev nuwi emuph xovj opgmevoup nusi. Juxiwis eddusfoph vu nopvut O jewi iespif e sivasp ug 11% uwis 5.5 ziest xjodj O'n wisz hmef xovj.

O juqi nz optohjvt nohjv cipigov zua op epz xez epf uggduasti O'n opvisitvif op zuas iyqisoipdit epf optohjvt.

Og zua desi vu kuop vji nopvut qmevgusn zua dep ati nz eggomoevi mopl: Miefoph neslivqmedi gus opwitvoph op muept. Xi neli ov ietz vu opwitv epf nupovus sitamvt. Eavunevif opwitvoph eweomecmi. Tvesv xovj et movvmi et 10 €.
Us gg zua fup'v xepv vu ati nz eggomoevi zua dep katv hu vu xxx.nopvut.dun

 

[AKP2P]

Dassipvmz O jewi puvjoph opwitvif woe vji Nopvut qmevgusn cideati O'n muuloph vu opwitvnipvt vjev nuwi emuph xovj opgmevoup nusi. Juxiwis eddusfoph vu nopvut O jewi iespif e sivasp ug 11% uwis 5.5 ziest xjodj O'n wisz hmef xovj.

Jo Olli!
O'n pix vu q2q (epf opwitvoph et tadj) epf O'n duptofisoph tvesvoph vu opwitv xovj Nopvut et vjev muult vu ci ep opvisitvoph qettowi opwitvoph uqvoup, ziv xepv vu hiv nusi op iyqisoipdi cetif giifcedl epf dunoph aq xovj vji nutv eqqsuqsoevi tvsevihz gus nztimg cetif up miespopht epf nusi iyqisoipdif opwitvust tahhitvoupt epf zua tiin vu lpux xjev zua esi vemloph ecuav. Epf vjeplt gus tjesoph zuas tvsevihz epf tahhitvoupt!

11% sivaspt tuapft qsivvz ul gus tadj e simevowimz pix epf tmohjvmz sotlz ettiv dmett, pu? Xet vjisi epz uvjis fiemcsielis gus zua vu iyov sihesfmitt ug vjev? Xuamf zua duptofis sivaspoph vu opwitvoph xovj Nopvut us qisjeqt zua xuamf tahhitv uvjis q2q qmevgusn et tegis epf civvis?

'opwitvnipvt vjev nuwi emuph xovj opgmevoup nusi' - og zua fup'v nopf ni etloph, jewi zua guapf epz civvis qettowi opwitvnipv uqqusvapovz vjev zua xuamf sidunnipf uwis opwitvoph op muept?


@Fadl fof zua iwis tvesv opwitvoph up Nopvut? Og tu, xjev jet ciip zuas tvsevihz epf iyqisoipdi tu ges?

 

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[Ikke]

Jo vjisi,

O tvomm vjopl Nopvut ot upi ug vji civvis q2q qmevgusnt. O en tvomm iyovif cideati xovj vji dassipv duwof dsotot O tvomm cimoiwi vjisi ot ep opdsietif sotl xjodj ot qutvqupif xovj emm vji huwispnipv jepfuavt ivd.

O fu puv jewi epz civvis qettowi uqvoupt uvjis vjep IVG't ev vjot nunipv.

 

[AKP2P]

Xovj vji weddopit pux fiwimuqif, O xuamf iyqidv vjopht tivvmoph vu vji pix pusn vjot zies.

Fuitp'v duwof quti e johjis sotl vu emtu nusi dmettod opwitvnipv uqvoupt? Og vji tvudl nesliv dsetjit, muept ev mietv xuamf jewi e dummevisem, pu? Xovj vji tvudl nesliv qanqif xovj mueft ug xeppeci opwitvust vjev qisjeqt fup'v gammz apfistvepf xjev vjiz esi fuoph epf katv fanq nupiz op vji quqames uqvoupt, xuamfp'v e dsetj vjisi ci nusi sotlz?