Quote Originally Posted by Toukshare View Post
I agree it seems a lot cleaner than Harmoney.
However, I do have some arrears (7 loans out of 261 active, so small %). One is 42 days overdue and has never paid anything yet so could well be my first write-off.
OTOH, Harmoney is a shocker, and their closing to new investment might have been a blessing in disguise for me, $1,000 written off in the past year (since they stopped any new peer-to-peer), it's getting to the point where I'll be lucky to get all my original investment back.
Harmoney was mostly unsecured loans compared with Lending Crowd? Didn’t Harmoney change how they managed debt collection - maybe that was not successful.

How did Lending Crowd manage their Covid response? Perhaps they gave longer grace periods than Harmoney did and bad debts have yet to kick in.

Has Squirrel’s reserve fund taken a hit during Covid?