Same over at Squirrel ( just one loan at LC )
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Yeah **** loads of loans this morning. Good to see
Had to do a double take this morning, I thought it would increase due to xmas spending.
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Tried call Harmoneys investor line twice today. Stayed on hold for about 20 both times. No call back yet over 2 hours ago.
The make it even more annoying...every minute an automated American sounding lady comes on to say press 1 to for a call back or 2 to stay on the line....every minute it keeps offering you the same option.
Please fix this annouying announcement . Every 5 minutes is quite enough IMO
I've noticed a lot of discussion about arrears and write offs. If investors are taking a full spread of loans across all grades then they are going to experience high volumes of both. Is anyone else wondering why we are not seeing updated information from Harmoney about actual experience to date - actual default rates per grade versus expected default rates? Would it also be of help to understand why defaults occur if Harmoney posted brief "diary notes" on default loans recording the borrower circumstances? Is it possible that doesn't happen because the "collection" process isn't that great? Or am I just paranoid?
They do provide some platform stats - latest update is from November.
https://www.harmoney.co.nz/investors...ace-statistics
It is such a pleasure when I log into both Lending Crowd and Squirrel to find there are no write-offs and seldom any arrears either. When I log into Harmony the first thing I look at is the Write-offs to see how much it has grown.