Eleving group misleading?
It frequently happens that loans from Eleving group are repaid early. I bought 232 over the last 2 years till 2 weeks ago. There are 8 left. None make it to the end date of the loan. What is wrong with that? In itself nothing , however:
- one invests in a loan of 2 years or more because as time goes by there is more interest in a loan
- one can also buy short loans, whereas this turns out to be hidden short loans
- many loans are repaid after one or two weeks but then still 10 days pending free of charge . that means they are lending 50% of your loan for free.
- that despite of this, Eleving group loans have the highest scores at Mintos, which raises questions in relation to the interest of us clients.
It would help the credibility of Mintos if loans set to run longer than 6 months are guaranteed for at least 4 months as for example the lending platform Heavy Finance guarantees.
Will this ever happen? Haha definitely not . Eleving Group has a majority stake in Mintos group and determines themselves that they can mislead customers this way.
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Interesting information about Eleving, thank you.
I noticed some loans returned early, with little interest pay. However with so many oustanding payments I was happy to see some payed early :_)
I admit the number of late payments decreased in the last 2 weeks as oposed to january.
I have also stopped since my custom portfolio and left the automatic default mintos portfolio. I have also decreased the amount of money available for loans.
I payment schedule will be resected and less loans will be payed late, I might be back with some money on mintos.0
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