Credistar Estonia pending payments
What is going on with Credistar Estonia? I am seeing pending payments for weeks now.
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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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"They all do" no they don't my friend serious companies with serious regulators they don't....
PS i have been investing for 30 years fx, CFDs, stocks, bonds etc none of the broker i worked with behaved like Mintos
have a nice day
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Over the last few days the Credistar Estonia Pending Payments are growing again. What happened to the agreement? Is this a new Wowwo?
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Dear Rodrigo Valle Teixeira,
The agreed sum of restructured pending payments is counted on Fridays, and it has not changed from the agreed €8,300,273 they paid the increased sum on W30 444k and W31 they paid 987k (This is all in the report https://www.mintos.com/en/pending-payments-updates/ )
We expect to receive payments regularly.
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In your latest report, dated August 12, 2022, you report that CREDITSTAR has made the following payment: "Creditstar transferred €863k this week. Pending payments have not increased further."
Where is the money for that payment? It has not been used to pay the amounts you have in PENDING PAYMENTS
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As stated above its the new woww , kviku, revo etc etc and it seems that Mintos doesnt care ...suspicious ....
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Dear Investors,
There is a space between receiving and distributing funds. In each report, we mention the amounts received until then, while the distribution of money between investors usually happens in the following period, until the next weekly report.0 -
Outstanding payments are not being paid. Investors do not see the pending amounts fall.
In addition, in the last report, dated August 26 2022, MINTOS has decided not to inform investors of the amounts paid by CREDISTAR in the last week. For MINTOS it is enough to put the phrase "Creditstar has covered pending payments due this week"
I don't know who is to blame, but the platform is being destroyed as investors trust MINTOS less and less.
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Dear Mintos,
I've been tracking the amount of pending payments for several weeks. They are frozen at the amount of €8,300,273 and no pending payments are covered. Does this mean that all payments made from Credistar are for current investments and nothing is transferred for panding payments? You wrote that the pending payments will be covered till 31st December but you never mentioned that no pending payment will be covered before that date. You wrote that You have "agreed" with Credistar the schedule for pending payments. I have not agreed such. I am the invester and I bear the risk. I have not agreed to wait for pending payments till the end of the year. And still you decide what to do with my money and when to return them to me. It is a matter of politeness at least to keep us informed and share with us the schedule for pending payments transfer from Credistar. In case I bear the risk, I want to have the power to decide what is the risk. And you don't provide the necessary information for this. Instead of this you decided what shall be done with my money. Let me say it again - MY MONEY, MY RISK and no information from your side what you have decided with Credistar for my money.
In case you have intent to answer me, please don't send me a link to a common information that is on your platform. I have already read it. As probably most of the investors here. The reason we are writing in this forum is that we ask for more information (specific and detailed).
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Dear penka.ivanova,
"We are trying but we need more time"
"We encourage you to familiarize yourself with this document which, we hope, will answer your doubts: https://www.mintos.com/blog/mintos-investor-qa-funds-in-recovery/ ".
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Creditstar's outstanding payments are not going down. Please review what is happening so that we investors can make use of our money as soon as possible. Thank you!!!
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Dear Investors,
Thank you for your comments.
The information that we provide in Pending Payments updates is the most accurate. We believe that weekly updates are frequent enough, and we try to share as much information as possible. We notice your questions and aim to address them in the following update. We are thankful for your understanding.
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penka.ivanova > I have not agreed such; Let me say it again - MY MONEY, MY RISK
Your agreement is not required. You have delegated these-kind-of decisions to Mintos. And this is OK, as long as Mintos acts on best interests of investors (and their own interests, which should be aligned with investor interests in long run, otherwise the company will be dead.). I personally believe that Mintos knows it and acts accordingly.Be assured that on your own you would never got better deal from Creditstar nor any other LO. Never. This deal that Mintos got with Creditstar was actually quite great for investors. Good job, Mintos. Even greater if it finalizes some day.. It seems there is some chance..
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Cardplus, I have not deligated anything. Please don't treat me and the other in this chat as small children. We have read carefully before investing. I know what I have deligated and what not. Probably you didn't and that is why you are so happy with Mintos (or you just work for Mintos). I don't care which of the two options is. I just want more information and in case you can't provide it, don't bother to write to me.
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well said penka.ivanova
cardplus "This deal that Mintos got with Creditstar was actually quite great for investors. Good job, Mintos" hahaha maybe we should thank Mintos .... keep up the good work ..
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I am a critic of Mintos when things aren't well managed, but I must also be fair and congratulate when things get solved.
In the past 2 weeks I've seen my Pending Payments from Credistar go down by 50%, so it seems the agreement is working. Good job
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Hi everyone;
From what I see in the Creditstar pending payments reports evolution, it appears that the amounts that are being transferred on a weekly basis by Creditstar are not being destined to reducing the pending payments, as these have been rolled out until 31/12/2022 and the pending amount is just the same every week, even though the company is transferring money to Mintos.
I assume that the amounts received are being destined to comply with live investments, but I would be grateful if someone from Mintos could confirm this (Lucja?).
Thanks in advance for your help :)
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Jorge Rodriguez Carrascal thank you for your comment. Creditstar transfers on weekly basis the amount which is destined to cover old pending payments. But it needs to be remembered that there are additional pending payments from newer investments appearing each week. As per our agreement, the company only pays a sum equivalent to the weekly increase above the restructured sum, so the amount of the pending payments left to pay each week remains the same: 8.3M EUR.
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Thank you Lucja (Mintos). I understand now. Best regards,
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