I'm wondering if it was Finger Trouble of the User ( else a little bit fishy - tarting up the Look of the loan ! )
One of the Two for sure will get Cancelled when it is filled up.
Printable View
I happened to be in front of the computer yesterday when a B2 came in for about $6k. I got a sneaky $100 in (first investor) then refreshed every few seconds watching it take larger leaps down towards zero until it had all gone within about 3 minutes. It seems there's a frenzy on B2 loans once the email comes through. B1 and A-grade are much easier to get into.
It's just coming up to 15 Months since Lending Crowd ( LC ) started their P2P Lending operation in NZ.
I am currently invested in 274 active loans with LC.
Over the 15 Months the amount of Capital Lost = ZERO.
The current # of Loans in Arrears is 4 ( 0.016% ) and NONE more than 4 days.
This is why I keep investing in LC = Keep up the good work Guys :)
Disclaimer: This IS NOT paid or sponsored by LC ( Wish it was!! )
A good outcome! What percentage of your capital is in B2 loans?
Good question ( easy answer is "The Majority" )
The reason it is hard to answer is that half the loans were taken out before i started saving a Screen Shot of every loan I get into @ LC.
I started saving Screen Shots from June 2016.
But even then those Screen Shot loans are not tabulated or broken down etc!
Not so easy to get that information readily from LC.
I just realised that the Provance text alerts stopped quite a while ago now - it was what was prompting me to re-invest in loans and since they've stopped I've forgotten to log in to LC!
How are people getting email notifications of loans? I've had a look through my settings on my account but can't see anything?
See attached Shot
Attachment 8735