I have been an investor for a while with Harmoney. They seem alright to date, however will admit that I have started to feel unease at the amount of “Charged off” loans appearing on my books. Interest rates seem to be trending downwards for across all risk grades with a feeling that the platform fees are gradually edging up, slowly putting the squeeze on any NET Returns. I have also noticed that the Platform RoR is also gradually declining.
As such, I’ve now decided to stop reinvesting the proceeds and started backing out by way of their Auto-Withdraw facility as I feel the risk reward has gradually become less favorable.