LendingCROWD NZ P2P

[whitt]

Whitt > Do you currently rely on LC's NAV % figure? ( updated on 01st every month )

Sorry haven't heard of this.
I dont have anything in my dashboard.


Found this on LC FAQ though which might explain what you posted about.

Why does my investment account not show a net average return (NAR)?

Calculating a representative NAR is in part dependent on sufficient data existing for the calculations to work on. For this reason to be included in the calculation a loan note's opened date must be at least 100 days prior to the calculation date. If no loan notes meet this criteria no NAR will be calculated or displayed on your investment account.

[Saamee]

Sorry haven't heard of this.
I dont have anything in my dashboard.


Found this on LC FAQ though which might explain what you posted about.

Why does my investment account not show a net average return (NAR)?

Calculating a representative NAR is in part dependent on sufficient data existing for the calculations to work on. For this reason to be included in the calculation a loan note's opened date must be at least 100 days prior to the calculation date. If no loan notes meet this criteria no NAR will be calculated or displayed on your investment account.

Yes, that's right.

How long have you been investing @ LC?

It will appear here after your 1st loan is 100 days old

Capture.jpg

[Minvestor]

Obviously my lack of understanding of accountancy and busyness, but how can annual profit be greater than annual income? Is there something I need to know?

Annual revenue: Between $250,000 and $500,000
Sector:
Other


Annual profit:
Between $300,000 and $500,000

[Saamee]

Obviously my lack of understanding of accountancy and busyness, but how can annual profit be greater than annual income? Is there something I need to know?

Annual revenue: Between $250,000 and $500,000
Sector:
Other


Annual profit:
Between $300,000 and $500,000

It will be the limited $$ bands Borrowers are given to chose from.

Something likely a 500K revenue yielding a 300K profit.

[Darchie]

I see 2 loans came through VERY close together today both from upper hutt, both wanting $20,450.00 and i strongly suspect it could well be another case where the borrower has decided to change from 3 to 5years after the loans already been filled. But for us lenders this means our funds are locked away for that extra 7days ... does anyone do screen shots of the loans before they fill? Thatd sort of confirm my suspicion

[Saamee]

I see 2 loans came through VERY close together today both from upper hutt, both wanting $20,450.00 and i strongly suspect it could well be another case where the borrower has decided to change from 3 to 5years after the loans already been filled. But for us lenders this means our funds are locked away for that extra 7days ... does anyone do screen shots of the loans before they fill? Thatd sort of confirm my suspicion

Darchie, Funds already BACK in ACCOUNT!

It was a ReWrite ( of term length )

[Saamee]

LC on FIRE today >> Loan after Loan after Loan!!!

[Saamee]

Darchie, Funds already BACK in ACCOUNT!

It was a ReWrite ( of term length )

By thwe way YES I do screen shots of every Loan these days.... Otherwise you cannot go back and see what you invested in!

[Saamee]

I see 2 loans came through VERY close together today both from upper hutt, both wanting $20,450.00 and i strongly suspect it could well be another case where the borrower has decided to change from 3 to 5years after the loans already been filled. But for us lenders this means our funds are locked away for that extra 7days ... does anyone do screen shots of the loans before they fill? Thatd sort of confirm my suspicion

1st Loan \ 2nd Loan

27 OCT 2016 - LC - L00-11-765 ~ LN000-020-5XX.jpg27 OCT 2016 - LC - L00-11-770 ~ LN000-020-6XX.jpg

[Darchie]

1st Loan \ 2nd Loan

27 OCT 2016 - LC - L00-11-765 ~ LN000-020-5XX.jpg27 OCT 2016 - LC - L00-11-770 ~ LN000-020-6XX.jpg

Well done Saamee!
See identical .. i say watch the 36 month loan be repaid ... BUT it'll be held for 7days ...