Mintos Invest And Access 🛑 [EXPOSED]

[@Philippes_Blueprint]

This guy is way too underrated. Deserves a lot more likes for this work.

[@endlesszynkroendlesszynkro6384]

Good summary, thanks

[@emascaloz]

Thank you

[@P2PEmpire]

🤔 What do you think about the latest developments on Mintos?

[@luisamaro2552]

Absolutely not worth it, starting with the fact that you can not choose the maximum term of the investment for example, also they have no mention about the minimum and maximum term of the investment on their T&C's and in my situation now I have money stuck in there for the next 6 years. So, yes I recommend everyone to run away from Mintos Invest and Access.

[@P2PEmpire]

@@luisamaro2552 Thanks for sharing your experience. Did you try to sell your loans on the secondary market?

[@dinkodinev7069]

Seems like Mintos is trying to make investing easy. New strategies are same as I&A just with different names and minor changes. Most of your money will end up in pending payments or worse in funds to be recovered.

[@simpletrekking]

@@dinkodinev7069 It's easier to do it this way than educate investors about what they are really funding.

[@dinkodinev7069]

@@simpletrekking Waaaaaay easier! Most people want fast and easy. Me including :(. I read some stuff about p2p back when I started, but than for more than a year everything went smooth and I underestimated the risk. I only recently started trying to educate myself more and be aware of all the different risks involved. And huge thanks for all you're sharing both here and on you blog. ;)

[@goul82]

Any comments about VIVENTOR??

[@P2PEmpire]

They have a lot of room for improvement. The latest announcement regarding the overcharged late payment fees is just embarassing and for many investors also very frustrating. Also I wished they are more strict with lender monitoring. Both Mintos and ViVentor present how this should work in theory but the reality is often very different. Certainly not the best place to invest at the moment.

[@goul82]

@@P2PEmpire i was thinking of of peerberry

[@P2PEmpire]

@@goul82 PeerBerry runs really good at the moment.

[@goul82]

@@P2PEmpire thanks a lot!!

[@matthewdower5383]

But if you want returns of more than 10% you need to take risks with lenders that have lower ratings (B, C etc). It's unrealistic of you to imagine high returns with solid A+ lenders. Stop hating on Mintos and go elsewhere if you don't like it.

[@P2PEmpire]

Thanks for your constructive feedback. Not sure where you got the impression that I hate Mintos. Been investing elsewhere for a while with lower risk than on Mintos.