Anybody heard of ZAGGA a company which you can borrow money from and also invest money with them.
You can invest as low as 1k and most are covered by mortgages.
www.zagga.co.nz
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Anybody heard of ZAGGA a company which you can borrow money from and also invest money with them.
You can invest as low as 1k and most are covered by mortgages.
www.zagga.co.nz
Yes. Used to be called Lend Me. A recent name change.
http://www.sharetrader.co.nz/showthr...810#post672810
Has anyone been investing on this platform? I have just made two small investments to see how it goes. Seems to be good communication and lots of updates on settlement progress etc. I even had one loan where the situation changed and Zagga kept me up to date with the changing loan status up until the point where we were asked if we wanted to continue to invest in a loan that was starting to look like it might have serious issues. Loan was pulled after feedback from investors and the money was returned. Seems quite slick so far.
Is https://www.zagga.co.nz/ down (after you sign in)
after signing in I keep getting this
We will be back soon
The website encountered an unexpected error. Please try again later.
My first significant involvement with a failed P2P loan due to COVID-19 today. Zagga appear to have it well in hand - their model, and professional backing looks well positioned to protect investors. :t_up:
Yes looking to park some funds here for a trial run>>>
they are doing extremely good recently in loan acquisition, never ever I saw here (twice recently) 6 big loans in the same time.
- I also had one loan problem which worked out fast and good
- I still have one loan problem going on since 15 month for now!!!
Wasn't much active with Zagga for a while but restarted 2 month ago with rising interest rates.
Yup, I'm into that loan.
The troubled one we mentioned takes obviously ways longer to get sorted then normal. But Zagga provides monthly a long and detailed update on the ongoings which are pretty complex with this mortgage. I appreciate that a lot, communication is very good with and from them.
At the end we should get the the money back plus all that long time interest, so I watch and see.
I see Zagga getting more loans lately ..Banks pulling back for developments and even res investors
Currently 4 loans sitting there
It's Zagga time....
Now investing @ Zagga with funds as they come out of Lending Crowd.....
Everyone still doing good over here? Anyone had a default? I've been a member for a few years, but only just starting investing. Like Saamee, somewhere to park Lending Crowd funds as those come through.
What I've noticed so far is that the loans tend to get sweetened up with a higher interest rate if they don't get filled quickly. The current loan available is showing 10.35% for a 9 month term.
Hi kiwical. I've been investing with Zagga for 4 years among other P2P options (LC was one) with 2-4 investments open at any one time. I've only encountered one default on my investments which was handled very well with prompt notification followed by regular open and transparent updates. All was returned along with full interest in arrears right up to date of final closure. It was also settled pretty much as quickly as the turning of the legal wheels and statutory notices periods etc allow. I've never had any issues with their customer service and various queries I've had either so I rate them pretty highly. Chalk and cheese compared to that other mob...