Been smashed by early repayments recently
234 active loans
5 Overdue
74 closed :eek2:
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Been smashed by early repayments recently
234 active loans
5 Overdue
74 closed :eek2:
They're being filled by people like me who have email open all day and are generally working in front of the computer. I don't get them all because I'm not here all the time, but I've had 3 today (2x B2 and 1xB1). Some days I miss them all if I'm out at meetings. I have a phone alert set, too, but oftentimes that's too late for a B2 because it seems delayed vs my browser-based email.
You need to be in within 10-20 seconds on a B2 because they usually go within 30-60 seconds.
Also, there are some heavy hitters investing here, putting in four figures at a time.
An early repayment after several months is ok I agree. However, at LC when you get one that is only been active for 1 or 2 months, the time that those funds have been working for you and the delay while waiting to invest in the first place and then that delay all over again means that the net time earning interest is very small.
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...
You mean this https://financedirect.co.nz/Category...Category_id=93 Saamee?
Yes,that is them :)