LendingCROWD NZ P2P

[RMJH]

Revised \ New Investment strategy added > Diversifying into Finance Direct ( Lending Crowd's parent owner )

Positives

> No early repayments

> No fighting for or missing out on loans

> No daily logging in and checking

> No 10% Interest Flex payment


Negatives

> Slightly lower rates offered

> Quarterly Interest payments


Worth considering as another option > Call Wayne and discuss the history of Finance Direct, especially regarding how they came thought the GFC...

Lower interest and higher risk?

[Saamee]

Lower interest and higher risk?

Just another investment tool, aiding diversification.

NEG.PNG

[whitt]

Lower interest and higher risk?

What criteria are required to meet loyalty rate?

I diversify with a couple of companies already so no harm adding another under my belt

[Saamee]

What criteria are required to meet loyalty rate?

I diversify with a couple of companies already so no harm adding another under my belt

If you are already established with Lending Crowd, then they should apply

[Saamee]

Definitely a Quiet start to August @ LC for loans with over 25% of the month already gone!.....

Same across at SM....

Was able to drop a relatively large sum into Finance Direct with NO waiting

[Saamee]

Better activity today @ LC with 3 x sizeable loans released....

[Minvestor]

Little wonder that I am getting p...d off. I have 158 active and 89 closed.

Me too. Too many getting paid off recently, including one less than a month old, it appears. Too much stress, even for a good return, and very little coming through, so I'm starting to pull out now

[joker]

Very hard to get invested as there is no "autolend facility". If you're not sitting at your computer waiting for email notifications you miss out. Even when you get in straight away, some loans have already been filled. Not worth having money sitting in your holding account as it's so hard to invest.

[Entrep]

Agree with all the above, have been using Squirrel. So easy.

[PennyPicker]

Very hard to get invested as there is no "autolend facility". If you're not sitting at your computer waiting for email notifications you miss out. Even when you get in straight away, some loans have already been filled. Not worth having money sitting in your holding account as it's so hard to invest.

Yes, I was getting fed up with missing out on loans, so I wrote an auto-lend client. It's been working well and I haven't missed a loan since starting using it two weeks ago. PM me if you're interested.