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16-04-2019, 02:39 PM
#1081
Originally Posted by Saamee
If I understand it it correctly the Lending Crowd investor/lenders take on all the default risk.
Does a whopping 25% flex charge on an A1 note, with the lender taking all the default risk, make investing in such a loan unappealing.
With these 25% flex loans, as the Lending Crowd investors take all the risk, What is the incentive for the “partners” to ensure that they organise loans to credit-worthy borrowers?
If the incentive for the “partners” is their share of the flex...would they be more interested in writing new business as oppposed to ensuring that capital is eventually returned?
Last edited by Bjauck; 16-04-2019 at 02:42 PM.
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18-04-2019, 12:23 PM
#1082
Member
Originally Posted by Bjauck
If I understand it it correctly the Lending Crowd investor/lenders take on all the default risk.
Does a whopping 25% flex charge on an A1 note, with the lender taking all the default risk, make investing in such a loan unappealing.
With these 25% flex loans, as the Lending Crowd investors take all the risk, What is the incentive for the “partners” to ensure that they organise loans to credit-worthy borrowers?
If the incentive for the “partners” is their share of the flex...would they be more interested in writing new business as oppposed to ensuring that capital is eventually returned?
Its LC and our job whether to write the risk. The partners to find the business.
The 25% A1 note was fully written, so appears not unappealing.
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18-04-2019, 05:20 PM
#1083
Logging in there are two loans up at the moment - seem like relatively good ones and aren't going that quick.
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19-04-2019, 12:59 PM
#1084
Junior Member
You don't see this often, 25% flex making it unappealing...
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19-04-2019, 01:56 PM
#1085
Originally Posted by Gill
You don't see this often, 25% flex making it unappealing...
Capture.JPG
Still far better than ANY Term Deposit Rate anywhere else offered in NZ!!
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22-05-2019, 10:14 AM
#1086
Originally Posted by Saamee
Still far better than ANY Term Deposit Rate anywhere else offered in NZ!!
How is the capital repayment default and charge off rate tracking with Lending Crowd?
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23-05-2019, 04:34 PM
#1087
Originally Posted by Bjauck
How is the capital repayment default and charge off rate tracking with Lending Crowd?
TBH I do not have a clue!
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08-06-2019, 02:02 PM
#1088
Has anyone else noticed a mid month change in the LC RAR's?
This morning mine are different ( higher! ) than at on the 01st of the month...
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09-06-2019, 05:59 PM
#1089
Member
Originally Posted by Saamee
Has anyone else noticed a mid month change in the LC RAR's?
This morning mine are different ( higher! ) than at on the 01st of the month...
I don't track this from day to day, so didn't notice any change.
But my arrears this week were much higher.
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13-06-2019, 10:50 AM
#1090
Junior Member
Originally Posted by Saamee
Has anyone else noticed a mid month change in the LC RAR's?
This morning mine are different ( higher! ) than at on the 01st of the month...
Saamee, how do you see your RARs on the LC website? And also arrears. I must be blind or something... Actually I only joined last month so perhaps it doesn't show anything until after the first payments start.
Last edited by andrewfreestuff; 13-06-2019 at 10:52 AM.
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