LendingCROWD NZ P2P

[Darchie]

Nine for me so far! Frustrating for sure, as there's still a limited number of loans being listed. I too was told .... it's just bad luck since they've had very few reversals so far.
But hopefully into March we'll start to see more loans listed, and reversals won't seem so high.

[Soolaimon]

I am still trialing LC and have only 13 loans so far since early jan. 2 of these have been reversed just this last week. Because of the lack of loans available during this time there has been a considerable period where my funds have not been returning interest. More than 3 weeks. Takes what cream there is off the returns when comparing to bank term deposits or Harmoney

[Saamee]

Hi Soolaimon ,

So you are keeping funds 'ready to invest' at LC? With LC I just send money over when there is a loan of interest to me there available. AS it is still 'low volume' the loans always hang around long enough to send fund, same day credit and purchase ( and hopefully not go on to be reversed! )

[Soolaimon]

Hi Soolaimon ,

So you are keeping funds 'ready to invest' at LC? With LC I just send money over when there is a loan of interest to me there available. AS it is still 'low volume' the loans always hang around long enough to send fund, same day credit and purchase ( and hopefully not go on to be reversed! )

Good idea Saamee but a bit more work involved.