That situation can occur with any P2P Lender. Guessing borrowers get offered a better deal elsewhere!
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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 :)
Just another investment tool, aiding diversification.
Attachment 9064
Definitely a Quiet start to August @ LC for loans with over 25% of the month already gone!.....
Same across at SM....
Was able to drop a relatively large sum into Finance Direct with NO waiting :)
Better activity today @ LC with 3 x sizeable loans released....
Very hard to get invested as there is no "autolend facility". If you're not sitting at your computer waiting for email notifications you miss out. Even when you get in straight away, some loans have already been filled. Not worth having money sitting in your holding account as it's so hard to invest.
Agree with all the above, have been using Squirrel. So easy.