Harmoney

[Wsp]

Interesting summary of the various P2P platforms in NZ at present
www.interest.co.nz/personal-finance/95115/gareth-vaughan-conducts-stocktake-just-how-involved-retail-investors-are-nz

[PennyPicker]

Thank for the link @Wsp.

Article timing makes me wonder if Gareth is a reader of this forum thread given the chatter from a few weeks back. If so, @Gareth, thanks for doing the legwork on this. If not; thanks anyway.

[RMJH]

Thanks Wsp. Wholesale support for P2P is killing it? Unless they substantially reduce funding of Harmoney it will surely remain a tiny niche investment opportunity unless of course there is some other radical change like acquisition of finance companies. Maybe we are just too tight to meet market interest rates!

[myles]

Wholesale support for P2P is killing it?

A different take: Wholesale support for P2P lending is what is allowing it to grow...in Harmoney's case anyway. Without it, I suspect, Harmoney would not be viable.

The 'P2P lenders' who don't *yet* include wholesale investment are unable to meet investment demand - they need to 'grow' significantly to meet the demand, wholesale investment appears to be the way forward for growth at this time.

[darrenc]

Chinese P2P lenders are in a lot of trouble https://money.cnn.com/2018/08/08/new...ing/index.html

[myles]

Working from home would be my best guess. The graph below shows the available Employment Status options:

EmploymentStatus.jpg

[kiwi783]

Thanks Both. Yes, as always, I'm left wondering about the quality of even the small amount of information provided by Harmoney. oh well, I guess I should be grateful that they even provided a loan for me to consider, after the whales have had their feed of course.

[leesal]

One of my loans with income "home" is renting. Myles guess would be mine.

Think I need my eyes checked, a B2 with 2 defaults wanting a holiday care of the good folk at HM

Capture.JPG

[Vagabond47]

One of my loans with income "home" is renting. Myles guess would be mine.

Think I need my eyes checked, a B2 with 2 defaults wanting a holiday care of the good folk at HM

Capture.JPG

Residential state: Other.. So, two defaults, a 6 month rewrite and living out of the back of a van?

[joker]

Residential state: Other.. So, two defaults, a 6 month rewrite and living out of the back of a van?

Judging by the length of time it's been sitting there the institutions must be leaving it for the mugs to fill...