Monthly updateJuly
Most remarkable in loans on Mintos this month was the minimum amout of pending payments. Now If you think this was good news, you re wrong. almost all pending payments were transferred to overdue. This means there is a tendecy with creditters to pay later and later and they can as mintos has no instruments to push them to pay. furthermore there is little news. No final contract or update from MFOfinance since 6 weeks, (the latest of 24th of July brought nothing new) and repayments if any are a joke. Also from Nera C no update, although the communication division of Mintos believes that referring to the last update from 3 weeks ago is a new update. They also sent investors a mail the July was a GREAT month. Can they even get more sarcastic?
Two weekly updates, forghet it, it is just fake news to smooth you. In the meantime the majority of NERA and MFOfinance loans passed the 60 day buy back without any consequence. After an initially high Mintos Risk Score for these two loans, we can conclude that the two pillars MRS and 60th day bb guarantee with which Mintos attracks investors are a complete fraud.
I wonder if this is also the case with for instance bonds.If I see high interest from Azerion Group I have my doubts. I followed this pennystock on the Dutch local market for some time when they were also active in games and now digital advertisements. A history of fraudelent management. Be careful!
Finally one of the long term analyst in P2P platforms Jakub from P2Pempire is'nt happy either with Mintos transparency: https://www.youtube.com/watch?v=YBS-gGisxig (8.10-9.50)
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It's always been a fraud.
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Ugo,
Mintos is touted as one of the most reliable and competent investment platforms. What a disappointment for me! It is the only platform—out of the ten or so I invest with—that is causing me problems, and I no longer feel protected. I am losing a fortune due to the Nera default, compounded by the Easy Debt Service default that has left me trapped. Where are the great ratings they boasted about at the start? And we see no way out—just silence!
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