Zagga P2P [formerly LendMe P2P]

[Colgar]

Comcom examines LendMe fees

Peer-to-peer lender LendMe has been contacted by the Commerce Commission, with questions over the fee it charges its borrowers.


www.goodreturns.co.nz/article/976503687/comcom-examines-lendme-fees.html?utm_source=GR&utm_medium=email&utm_campa ign=LendMe+fees+under+question+

LendMe fees fair and reasonable

Fees charged by LendMe are fair and reasonable and determined by the level of risk, says CEO Marcus Morrison. The specialist secured peer to peer lender says, unlike finance companies, its fees do not fall within the confines of the Credit Contracts and Consumer Finance Act (CCCFA).

Link

[humvee]

As yet none of the loans offered on lendme have been of interest to me (not with the $1000 minimum investment per loan anyway)

[Colgar]

Comcom examines LendMe fees

Peer-to-peer lender LendMe has been contacted by the Commerce Commission, with questions over the fee it charges its borrowers.


www.goodreturns.co.nz/article/976503687/comcom-examines-lendme-fees.html?utm_source=GR&utm_medium=email&utm_campa ign=LendMe+fees+under+question+

LendMe fees fair and reasonable

Fees charged by LendMe are fair and reasonable and determined by the level of risk, says CEO Marcus Morrison. The specialist secured peer to peer lender says, unlike finance companies, its fees do not fall within the confines of the Credit Contracts and Consumer Finance Act (CCCFA).

Link

[humvee]

Does anyone know if lend me has actually financed loans yet? One loan seems to have been there weeks and is only 0.7% financed.

The other well let's just say its going its going to take a lot more then 9% to interest me in defaults, dishonours, liquidation applications, low credit scores and court judgments

[Marcus@LendMe]

Does anyone know if lend me has actually financed loans yet? One loan seems to have been there weeks and is only 0.7% financed.

The other well let's just say its going its going to take a lot more then 9% to interest me in defaults, dishonours, liquidation applications, low credit scores and court judgments

Hi everyone, Marcus here, I’m LendMe’s CEO and I’m available to answer any questions regarding LendMe and peer to peer lending.

Firstly, it's great to see so many of you interested in peer to peer. Your feedback, questions and insights through all of the threads helps us improve our offer for both borrowers and lenders. Myself and the LendMe team congratulate sharetrader and the admins for creating a fantastic forum for all of us to take part in.

Humvee to answer your question, yes we’ve financed loans. Close to $1.5 million since our soft launch commenced in December.

Regarding the loan which is approximately 0.5% funded. The borrower changed the amount they were seeking so the deal changed. While it seems it has been there for a while, it hasn't in its current form.

Regarding the second loan, we’ve been reviewing the applicant’s creditworthiness. When a member joins LendMe, they’re asked to disclose all information about their financial history; including defaults, criminal judgements, dishonours and liquidation processes. Our review indicated that this particular loan contravened LendMe’s rules so it was indeed removed. You can read more about our criteria by following this link and clicking on "who is eligible to borrow?"

Also, while there are two loans currently on the site, we have funded a number of loans already. The successful loans are funded very quickly, usually within a day. Also, the loans that have been funded have been snapped up by single investors (all private investors to date), which means that lenders who have expressed a willingness to fund a portion have missed out on these loans.

We're still very much in our soft launch phase, but we’re gradually adding more loans to the site and based on our enquiry rate it’s pretty clear the number, size, and type of loans available will quickly increase over the coming months.

Thanks

MM

[Marcus@LendMe]

Hi everyone, a couple of updates from our side.

1. We have a new loan on the site - this one is a business loan. Ref number 4600014. Go have a squiz.
2. I attended the world's largest market place lending conference this week - LendIt. It was an amazing experience! The size of the Chinese p2p market was an eye opener. Click the link to have a read: LendMe and LendIt.

[humvee]

http://www.stuff.co.nz/business/mone...nk-has-said-no

[JohnMac]

Is this site still being maintained? I see a couple of loans with a closing date in March and they are still listed. I committed a $1000 to a loan that closed in March just wanted to know if I am still committed or not?

[Darchie]

Not sure what's happening with this crew as they were meant to phone me last week but I never got their call ....
However I ask, have any loans gone out fractionalised?
Or are they still being funded by one investor?
I Was interested in trialing this outfit more ... as absolutely not sure i will continue with Harmoney after 13th

[Marcus@LendMe]

Not sure what's happening with this crew as they were meant to phone me last week but I never got their call ....
However I ask, have any loans gone out fractionalised?
Or are they still being funded by one investor?
I Was interested in trialing this outfit more ... as absolutely not sure i will continue with Harmoney after 13th

Darchie, we provide ourselves on being available and I am genuinely sorry to hear that you have not received a returned phone call. Can you please PM me your name and contact details and I'll have one of the team get in touch.

Regarding the loans we have successfully funded in the last two months, we have had a mix of both sole-funding and fractionalised. One loan for $113,650 was funded by 11 separate lenders for example.

I am confident that there will be loans on site in the coming weeks that will hopefully suit your lending criteria. If you would still like to contact us at info@lendme.co.nz or call 0800 286286, then we can answer any other questions you have and we can get a feel for the types of loans you would be interested in.

But in the meantime let's get you that returned phone call!

Thanks