Harmoney

[Monica@Harmoney]

Actually I have 5 loans like that - I suspect its recovered money after write-off

I even have 1 written off loan where I have now received 121% of the original investment ie Full principal plus some interest

Attachment 8110

Thats exactly right - if there is a -value, it means that there is recoveries after write-off. A good result. If you would like any information on particular loans, you can email myself at investorservices@harmoney.co.nz Regards Monica

[Monica@Harmoney]

I've got that one too - with exactly the same details showing. Can't bear any resemblance to what has actually happened though since my loan balance/cash balance total is not missing $25 nor is it $62.62 higher than it should be. Have you asked Harmoney to check it out?

Hi Art, did you get what you needed on this. If not, contact me on investorservices@harmoney.co.nz. Kind regards Monica

[PennyPicker]

Hi guys, looks like a few are using Precis which is good to see. To make life a little easier it's now on a custom domain, http://www.precis.net.nz/.

Precis-graph.jpg

PP.

[RMJH]

Another good & interesting read about P2P up in the USA....

http://www.zerohedge.com/news/2016-0...blow-p2p-model

Hopefully the ID checks (like IRD number?) would stop that from happening here!

[RMJH]

Hopefully the ID checks (like IRD number?) would stop that from happening here!

Anyone know what happens with consolidation loans to ensure they are used for the specified purpose? ie does the money go direct to the lenders or is it a matter of faith?

[skeet]

Anyone know what happens with consolidation loans to ensure they are used for the specified purpose? ie does the money go direct to the lenders or is it a matter of faith?

Onus is on the borrower.

[Art]

Another good & interesting read about P2P up in the USA....

http://www.zerohedge.com/news/2016-0...blow-p2p-model

Better watch that 'Enquiries last six months" figure - but I wonder how quickly it gets updated in NZ.

[Dan@Harmoney]

Anyone know what happens with consolidation loans to ensure they are used for the specified purpose? ie does the money go direct to the lenders or is it a matter of faith?

Hi RMJH, In the case of debt consolidation if the borrower does not have the serviceability to cover their existing debt/s and the loan through the Harmoney platform then their existing debts are paid out. This is managed by Harmoney as part of loan settlement.

[Kelvin]

I've ended up with a -$6 cash available balance, while my outstanding principal has increased. Have made a withdrawal, but no new deposits or investments recently.

What happened? Customer decided to cancel their re-write so my cash went back to them?

[777]

I've ended up with a -$6 cash available balance, while my outstanding principal has increased. Have made a withdrawal, but no new deposits or investments recently.

What happened? Customer decided to cancel their re-write so my cash went back to them?

My guess is a payment bounced so deposit to your account reversed.