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06-12-2019, 03:08 PM
#4461
Member
Originally Posted by vernon
Yes Nothing picking up Friday now and still no auto loans on any C or D
Time to ask Harmony I think
Read Harmoney's information about Autolend in the FAQ.
Autolend operates on a queue. The determinant on that queue is the % of free cash in your portfolio. So if like me your % is 3% or less you will get nothing.
If you want to ensure autolend triggers you'll need to deposit funds into your account. I'm not sure what the best "cutoff" would be, but imagine somewhere around the 10% mark may ensure you get your autolend quota on most C/D loans.
Failing that, HM reset autolend following scoreboard 1.6. Have you reactivated it?
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06-12-2019, 05:31 PM
#4462
I guess it could be the time of year when Christmas bonuses are paid to employees. So maybe more loans are being repaid than are being taken up by by borrowers. Hence lender cash balances would be accumulating?
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07-12-2019, 08:32 PM
#4463
Member
The FMA has just published data on NZ's Peer-to-peer lending and crowdfunding for 2019
https://www.scoop.co.nz/stories/BU19...-published.htm
Last edited by Wsp; 07-12-2019 at 08:33 PM.
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09-12-2019, 01:22 PM
#4464
Junior Member
Yes thankyou. That's exactly it. I was at 6% and was getting nothing. Boosted it up to 20% last night and I've immediately picked up several loans this morning. A pain having thousands sitting waiting at zero % but no other choice I guess.
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09-12-2019, 02:17 PM
#4465
Member
Originally Posted by vernon
Yes thankyou. That's exactly it. I was at 6% and was getting nothing. Boosted it up to 20% last night and I've immediately picked up several loans this morning. A pain having thousands sitting waiting at zero % but no other choice I guess.
Yes, mine is at 20% to keep the autolend functional. Agreed, it's disappointing to have so much money earning 0%, but at least it's liquid. Even accounting for the money earning nothing, my effective RAR is about 11.3%.
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16-12-2019, 04:32 PM
#4466
% Rate Cuts @ HM today....
HM.jpg
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17-12-2019, 04:23 PM
#4467
Member
Originally Posted by Saamee
% Rate Cuts @ HM today....
HM.jpg
I think those rates have been effective from 8 Nov
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17-12-2019, 04:49 PM
#4468
Originally Posted by Toukshare
I think those rates have been effective from 8 Nov
Not sure! Was reported only yesterday in interest.co.nz
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03-01-2020, 09:56 AM
#4469
Member
Happy new year everyone.
I took 1 note for morbid curiousity. A quality B3 loan to kick the decade off!
Attachment 10928
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03-01-2020, 02:55 PM
#4470
Member
I think it will suffer from morbidity alright. Perhaps the only question is: How Long? I saw this Leesal; it just confirmed my view Harmoney is sending all the garbage our way.
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