|
Post by oneguy on May 7, 2018 21:32:48 GMT
Twino's loan agreements tell a loan can be extended 6 times. So when you invest in a 1 month buyback loan, due to these extensions it might take 6 months + the 30 day buyback when you should get the principal amount back.
However, I have already 1 month buyback loans from 7 months ago, that are still current, and not delayed or bought back because they have been extended already 7 times for 7 months.
Anyone else with this issue?
This just highlights the issue you are not actually investing in short-term loans through Twino.
|
|
|
Post by Ace on May 7, 2018 22:03:29 GMT
Hi oneguy, is interest paid throughout the buyback/extension periods? What sort of return are you averaging on this platform?
|
|