Credistar Estonia pending payments
What is going on with Credistar Estonia? I am seeing pending payments for weeks now.
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That's all fine and looking good, but my pending payments from Creditar are still the same...
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6 more days have passed, I still don't see any payments from Credistar Estonia on my Pending Payments!!
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Hi Annija,
It's now the beginning of June, I haven't seen any payment from Credistar Estonia...
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Bla bla bla .. the same joke every time
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You know what Annija? This is what will now happen more often because of the Wowwo fiasco.
Now the LOs know that if they just stop paying, Mintos will do nothing and the investors get screwed!!
YOU NEED TO HAVE A LEGAL TEAM DROWNING A NON-PAYING LO IN LEGAL PROCESSESS ON DAY 1 OF NON-COMPLIANCE! That's the only way you will keep them paying, out of fear of legal action.
No company in the world will operate on behalf of good will towards 3rd party investors, they don't care.
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Why Creditstar can still publish new loans on Mintos ? Do you want more people not to get their money back ?
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Hi Annija,
I've read the report, and it doesn't match reality. You say Creditar is paying, but my pending amount from Creditar Estonia has been growing for many weeks.
I understand investing has risks, but we want more transparency. Don't tell us a LO is paying if we don't see any change in pending total!1 -
she said that the payments will be in the beginning of June, but she did not say the year..............
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To check what Annija if mintos is a ponzi????
It’s a fact we are locked and we can’t cash out our money
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Yes!
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my money?
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Hello Annija,
You report, just like last month, says "Creditstar continues to make weekly transfers, decreasing the pending payment amount.".
If this is true, how is it that my pending payment amount from Creditar is only growing for more than a month?0 -
Hi Annija,
On the 27th of may the following update was given on creditstar pending payments:
"To remind, we agreed with the management of Creditstar that proceeds from
bonds (https://www.creditstar.com/bonds), which will be received
during the first week of June, will be used to fully cover the
company's pending payments."Can you please give us an update on this agreement with creditstar?
Nothing about the bonds funds is mentioned in recent updates and we are in the third week of june now.
Will all pending payments be fully covered soon?
Thank you.
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Hi Annija,
We are not asking for Mintos to do magic, I understand risks and fluctuations in LO activity and financials.
What we want is accurate and truthful information. Has Creditar paid or not? Is there money coming in and will it reduce Pending Payments?0 -
Another 2 weeks have gone by, and my Pending Payments from Creditar Estonia are still the same after 2 months.
What is going on? Is Credistar paying or not?0 -
No, they are not.
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Mintos, Annija, why no response here? What is going on?
You say in your reports that Credistar is paying, yet nothing gets to our pending payments.
Be transparent! Share information! What is the REAL status?
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We should all accept that we will never receive our money
I am selling everything to minimize my loss and never again with Mintos… oh wait the shut down secondary market so I am locked for many years ….good job Mintos !
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Credistar is still proposing new loan on the primary market. That's a shat. I get the impression it's a ponzi : new investors are paying for the old investors. But there is less and less new investors. So old investors cannot be paid.
Mintos is losing his credibility by not tell us the truth. : each week, the promise "next week", "next month", "soon" but nothing occurs...
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Annija (Mintos) : my ID is 35272212
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@GABRIEL ANDRÉ GEORGES FOLLIOT
Why Creditstar can still publish new loans on Mintos ? Do you want more people not to get their money back ?
It is clear that you do not understand how Pendings work. If you did then you would be happy to see Creditstar listings up with competitive rates. At the moment it is the fastest way for you to recover your Pendings.
And for those who say that they never receive money from Creditstar Pendings, you are wrong. The monies are coming in and redistributed to investors, yes the overall Pendings amount might not lower and maybe even raises as new payments fall into Pendings. But there is a movement nevetheless. Yes, i agree that that there is no convenient tool to track the movement. But i guess the functionality will evolve someday as Mintos realizes more and more that this is a delicate topic..
Proposal to Mintos for quick solution. In addition to Pendings balance show to the investors Pendings change amounts:
a) How much new pendings in period
b) how much pendings are closed/distributed to investors in period.
c) etc, the more info is better0 -
And 3 more weeks have gone by.
I see no evolution in pending value from Credistar, and there is no visibility on what is happening. Are there any payments being received?
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I have received some pending payment but not a lot. Some people still continue investing in Credistar bonds so this money is used to repay pending payment. Mintos is expecting Credistar sent them a lot of money to cover all pending payments...
Personally I feel confident about Credistar even if I don't understand why Mintos allow Credistar no publish new loan (ok it allow to pay small amount of pending payment, but on the other hand, it's not respectful of the investors)
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respectful to the investors???who? mintos ??? Lol
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most probably
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Dear Investors,
Thank you for your comments.Please check our latest update regarding pending payments from Creditstar: https://www.mintos.com/en/pending-payments-updates/
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check what @ Lucja (Mintos) ?? the pending amounts amounts that are keep increasing or the amounts in recovery from Kviku, Wowwo, Revo and many more that are keep increasing as well ???
ENOUGH with your non sense answers ...
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Looking at the posts of Neo & company, i now understand why Bondora closed their public forum. Only whining and zero constructiveness..
Mintos is not an arch villain here. Sector is still quickly evolving and mistakes are also made during the process. And those mistakes take time to fix or alleviate. The most important is for Mintos to acknowledge previous mistakes and try to fix them (ideally) or at least try to avoid them in future.
You cannot have interest rates that are higher than Euribor + 10% with no extra risk. Whether it a liquidity risk, credit risk etc.
PS for me the Creditstar plan is very suitable. Mintos has done a good work on that. Hopefully the plan comes together.
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My apologies @cardplus for not being constructive but i am not willing to pay for Mintos incompetence and mistakes.
Also please note that is Mintos wo changed the rules of the game while it was in progress ...!!
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Neo
Also please note that is Mintos wo changed the rules of the game while it was in progress ...!!
They all do. If you are not ready to bear that then you should stick to bank deposits and bonds, no offence.
For example you can buy Creditstar bonds @ 12.5% rate. Everything else you get from Mintos is an additional risk premium.. For me it is suitable, for some it is not.PS i have been invested in the sector for some 10 years and with a lot larger portfolio than average investor, so i have some experience..
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