Zum Hauptinhalt gehen

ID Finance Spain and Mexico Update

Kommentare

39 Kommentare

  • Lucja (Mintos)
    Community moderator

    Hi Stanley

    Yes, the update has been provided, please check it here: https://www.mintos.com/en/pending-payments-updates/.

    -1
  • Christopher

    Hello Lucja. Can you tell me if ID Finance intends to pay the outstanding pending interest? If yes then when ? I have only received one payment from them in the last 7 months and that was 10% per month. Similar to IDF Eurasia where they charged me pending interest of 0.7% per month. Is this a technical error or are they still playing us like this

    1
  • Mint_Swindled

    Welcome to the world of the unanswered questions and customer service.

    Welcome to Mintos.

    2
  • Lucja (Mintos)
    Community moderator

    Christopher, all affected investors have been informed about it via email on 23rd December, including the payment schedule. If you haven't received the message, please let us know.

    -1
  • Christopher

    Hello Lucja. I saw the new repayment schedule. The problem is that for the last 7 months I received only one interest payment from these LOs. ID Eurasia has calculated that I am owed pending interest of 0.72% per month and ID Finance 10%. Nor have they repurchased a single loan. For 7 months I only got 82 cents. What's that supposed to be?

    2
  • DRIVE APS

    Hi,

    Is ID finance keeping the agreed repayment plan? Iyt is not clear to me that they whether or not they have paid on 15/1/23.

    2
  • Alen

    The amount of restructured pending payments paid is the same as before so I guess they didn't payed anything. Mintos, please confirm.

    1
  • Lucja (Mintos)
    Community moderator

    Dear Investors,

    Lending companies are paying, and they are now at the agreed level they should be. We await if they execute the payment that is supposed to happen on Wednesday. If so, we should include it in the report.

    1
  • Kamill Ariston Chudoba

    Dear Mintos,

    according to the details that were shared with investors on the planned repayment there should be a payment made on February 31st... to my knowledge February only has 28 days(29 every four years).
    Was this seriously just overlooked and never corrected and what does this mean for Mintos investors?

    1
  • Lucja (Mintos)
    Community moderator

    Hi Kamill Ariston Chudoba,

    Thank you for your comment.

    This is a matter of mistake and applies to information sent by email, which is why we couldn’t correct it once we sent the email out. We meant 28 February, and we're sorry for the confusion.


    0
  • Bruno

    Hi Kamill Ariston Chudoba,

    It just means that they probably didn't even look at it, and threw random dates and values just to keep us looking at the carrot.

    1
  • Bruno

    Meanwhile, on ID Finance Twitter:

    We are happy to announce that #IDFinance has closed its best year ever with a record global #revenue of €170M, mainly driven by the Spanish #lending business with a revenue of €119M. 

    How can Mintos accept and allow that a profitable company doesn't comply with their obligations?

    Lucja (Mintos) ?

    0
  • Stanley

    Bruno, 99% of my pending ID Finance Spain loans have been repaid at once last week so it seems like they are actually sticking to the schedule. It should be your turn next.

    0
  • Stanley

    Bruno, btw, revenue has nothing to do with profit (you might have huge revenue but be in net negative profit, and often companies are, especially in finance)

    0
  • Bruno

    I'm aware of that, but they have also reported profits of  more than 10M - it's not on that tweet.

    Did they pay you the promised pending payment interest as well?

    I'm exposed to the Mexican instance only, which "will" start to pay by the end of March only. My question here is that, during their best year, they didn't fulfill their obligations with us, and Mintos didn't protect us either. If you remember, 1 year ago we started to complaint, and the best we got (in July) was a statement that ID Finance has to pay until the end of 2022. Reached the end of 2022, it was pushed to end of July again.

    2
  • Stanley

    Bruno, I mean, If we indeed get the 1.4x the original interest rate I would say (partly) the protection has worked and I would be satisfied with my compensation. I see your question though.

    How can I verify I have received the correct pending interest?

    0
  • Bruno

    It worked indeed (for you so far), but personally, it is quite frustrating to have your money stuck their with some deadlines completely ignored by Mintos.

    You can check that on the top right corner of the overview page - click on the image icon > Statement > filter by date and payment type "Interest received from Pending Payments". Then, I guess you'll have to do your math to confirm that they did pay what was planned. 

    1
  • DRIVE APS

    This very strange. Some investors gets 99% of their pending payment back last week. And I did not get any payment at all. That does not make any sence.

    1
  • IVAN POSPÍŠIL

    Within 9 months they were unable to pay around 300eur for finished loans ID finance spain on my account. Lucja (Mintos)  are you sure that Mintos will not again fail that all money will be returned until 31.march 2023?

     

    1
  • Bruno

    Lucja (Mintos) - I've received yesterday, from ID Finance Mexico, 281.23€ ("Principal received from loan repurchase"), plus 5.33 ("Interest received from loan repurchase").

    I haven't received the portion of "Pending payment interest". When can we expect this? As it's not being paid together with the principal amount, is interest on pending payment still counting?

    2
  • Stanley

    Noticed that too. It's a bit odd.

    0
  • Stanley

    I received this weird response on top of that.

    0
  • Bruno

    Ridiculous. Lucja (Mintos), can you explain?

    1
  • Bruno

    Lucja (Mintos) any update here?

    1
  • IVAN POSPÍŠIL

    Anybody from Mintos can reply? Or we are at a dead end?  

    1
  • Bruno

    They probably left Mintos, it's running on its own now.

    1
  • Lucja (Mintos)
    Community moderator

    Dear Investors, 

    Thank you all for your comments, and sincere apologies for the delay in responding. We are currently looking into this, and will get back to you as soon as possible.

    1
  • Christopher
    What else can you see here? ID Finance and IDF Eurasia once again defaulted on their commitments. What will Mintos do now? Will they extend their payment deadline for another year?
    -1
  • Lucja (Mintos)
    Community moderator

    Stanley Bruno IVAN POSPÍŠIL 

    The interest on pending payment is still counting and is paid separately from the pending payment and regular interest. The payments are done in batches, and you should receive them as soon as they're processed.

    1
  • Stanley

    Christopher with due respect, you're quite jumping ahead, last time I checked (the last week), they were in accordance with the restructured schedule 

    0

Bitte melden Sie sich an, um einen Kommentar zu hinterlassen.